QUANTITATIVE FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: QUANTITATIVE FOUNDATION (EIN 26-3922404)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-15
IRS object ID: 202303199349107060
Schema version: 2022v5.0
Note: A later return for the same period supersedes this one.
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
Accounting Fees Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-15T15:19:36-06:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	521392008	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GELMAN ROSENBERG & FREEDMAN	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4550 MONTGOMERY AVE SUITE 800N	AddressLine1Txt
City	BETHESDA	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	208142930	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	263922404	EIN

Business Name BusinessName

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

Field	Value	IRS element (for citing)
Business Name Control	QUAN	BusinessNameControlTxt
Phone	2159635024	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	240 W MAIN STREET 110	AddressLine1Txt
City	CHARLOTTESVILLE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22903	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	GORDON R GIULIANO	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	2159635024	PhoneNum
Signature	2023-11-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	GORDON	PersonFirstNm
Person Last	GIULIANO	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	RICHARD J LOCASTRO CPA	PreparerPersonNm
PTIN	P00288314	PTIN
Phone	3019519090	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$96,213,505	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$30,858	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$30,858	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$276,461	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$561,858	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$276,461	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$1,093,597	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$1,093,597	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$1,400,916	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,400,916	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$216,403	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$43,281	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$173,122	CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$17,583	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$3,517	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$14,066	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$124,588	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$12,456	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$112,129	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$4,806	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$2,403	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$2,403	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$263,117	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$207,468	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$55,649	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$72,856	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$0	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$14	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$7	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$7	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$72,669	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$2,040	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$2,040	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$772,036	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$271,172	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$359,416	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$22,856,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$22,856,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$23,628,536	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$271,172	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$23,215,916	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$22,227,620	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,129,744	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$392,943	CashBOYAmt
Cash EOY	$409,898	CashEOYAmt
Cash EOYFMV	$409,898	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$236,801	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$10,000	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$10,000	SavAndTempCashInvstEOYFMVAmt
Other Investments BOY	$100,911,354	OtherInvestmentsBOYAmt
Other Investments EOY	$95,793,607	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$95,793,607	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$101,541,098	TotalAssetsBOYAmt
Total Assets EOY	$96,213,505	TotalAssetsEOYAmt
Total Assets EOYFMV	$96,213,505	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$135,172,728	CapitalStockBOYAmt
Capital Stock EOY	$101,541,098	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	-$33,631,630	RetainedEarningBOYAmt
Retained Earning EOY	-$5,327,593	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$101,541,098	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$96,213,505	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$101,541,098	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$96,213,505	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$101,541,098	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$22,227,620	ExcessRevenueOverExpensesAmt
Other Increases	$16,900,027	OtherIncreasesAmt
Subtotal	$96,213,505	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$96,213,505	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
VANGUARD - FED MONEY MKT	P	2022-01-31	2022-12-31	$4,288	$4,687	-$399	-$399
VANGUARD - FED MONEY MKT	P	2022-01-31	2022-12-31	$196,941	$215,225	-$18,284	-$18,284
VANGUARD - GLOBAL EQUITY	P	2022-01-31	2022-12-31	$110,413		$110,413	$110,413
VANGUARD - TOTAL BOND MKT INDEX	P	2022-01-31	2022-12-31	$156		$156	$156
VANGUARD - SHORT-TERM BOND INDEX	P	2022-01-31	2022-12-31	$60		$60	$60
QUANTITATIVE TACTICAL AGGRESSIVE FUND, LTD	P	2009-01-31	2022-01-31	$250,000	$65,485	$184,515	$184,515

Field	Value	IRS element (for citing)
Capital Gain Net Income	$276,461	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$15,703	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$15,703	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$15,703	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$34,893	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$48,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$82,893	TotalPaymentsAndCreditsAmt
Es Penalty	$1	EsPenaltyAmt
Overpayment	$67,189	OverpaymentAmt
Applied To ES Tax	$67,189	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	PA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

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

Field	Value	IRS element (for citing)
Phone	2159635024	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	240 W MAIN STREET 110	AddressLine1Txt
City	CHARLOTTESVILLE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22903	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	0	BusinessHoldingsInd
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 (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
JAFFRAY P WOODRIFF
240 W MAIN STREET SUITE 110	CHARLOTTESVILLE	VA	22903	TRUSTEE	5.00	$0	$0	$0
WILLIAM W FOSHAY III
240 W MAIN STREET SUITE 110	CHARLOTTESVILLE	VA	22903	EXECUTIVE DIR.	15.00	$80,231	$0	$0
GORDON R GIULIANO
240 W MAIN STREET SUITE 110	CHARLOTTESVILLE	VA	22903	CFO	15.00	$58,623	$0	$0
CHRISTINA LUKE
240 W MAIN STREET SUITE 110	CHARLOTTESVILLE	VA	22903	ASST. TO COO	20.00	$27,000	$0	$0
MERRILL S WOODRIFF
240 W MAIN STREET SUITE 110	CHARLOTTESVILLE	VA	22903	DIR. LOCAL GRANT	2.00	$0	$0	$0
FRANCIS JOHNSON
240 W MAIN STREET SUITE 110	CHARLOTTESVILLE	VA	22903	PROGRAM DIRECTOR	20.00	$37,216	$0	$0
ANN MARIE PARTK
240 W MAIN STREET SUITE 110	CHARLOTTESVILLE	VA	22903	COO	20.00	$13,333	$0	$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 (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
MANGHAM ASSOCIATES
1434 ROLKIN CT STE 201	CHARLOTTESVILLE	VA	22911	ACCOUNT MANAGEMENT	$70,500
BAKER & HOSTETLER LLP
1735 MARKET STREET SUITE 3300	PHILADELPHIA	PA	19103	LEGAL SERVICES	$67,838
MORGAN LEWIS & BOCKIUS LLP
1111 PENNSYLVANIA AVENUE NW	WASHINGTON	DC	20004	LEGAL SERVICES	$56,678

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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$16,851,012	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$536,640	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$17,387,652	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$17,387,652	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$260,815	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$17,126,837	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$856,342	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$856,342	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$15,703	TaxBasedOnInvestmentIncomeAmt
Income Tax	$294	IncomeTaxAmt
Total Tax	$15,997	TotalTaxAmt
Distributable Before Adj	$840,345	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$840,345	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$840,345	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$23,215,916	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$23,215,916	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$840,345	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr3	$42,479,084	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$16,237,269	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$17,238,537	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$75,954,890	TotalExcessDistributionCyovAmt
Qualifying Distributions	$23,215,916	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$840,345	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$22,375,571	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$98,330,461	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$98,330,461	ExcessDistriCyovToNextYrAmt
Excess From Year3	$42,479,084	ExcessFromYear3Amt
Excess From Year2	$16,237,269	ExcessFromYear2Amt
Excess From Year1	$17,238,537	ExcessFromYear1Amt
Excess From Current Year	$22,375,571	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	JAFFRAY P WOODRIFF	ContributingManagerNm
Shareholder Manager	JAFFRAY P WOODRIFF	ShareholderManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (43 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
UVA SCHOOL OF DATA SCIENCE
PO BOX 400220	CHARLOTTESVILLE	VA	229044220	NONE	PC	EDUCATION SUPPORT	$16,500,000
UVA SCHOOL OF EDUCATION AND DEVELOPMENT
PO BOX 400220	CHARLOTTESVILLE	VA	229044220	NONE	PC	EDUCATION SUPPORT	$1,500,000
UVA ALUMNI ASSOCIATION
PO BOX 400220	CHARLOTTESVILLE	VA	229044220	NONE	PC	GENERAL PURPOSE	$50,000
UVA CHILDREN'S HOSPITAL
PO BOX 400220	CHARLOTTESVILLE	VA	229044220	NONE	PC	GENERAL PURPOSE	$500,000
UVA
PO BOX 400220	CHARLOTTESVILLE	VA	229044220	NONE	PC	SUPPORT FOR ATHLETICS	$200,000
ST ANNE'S-BELFIELD SCHOOL
2132 IVY ROAD	CHARLOTTESVILLE	VA	22903	NONE	PC	EDUCATION SUPPORT	$700,000
ST ANNE'S-BELFIELD SCHOOL
2132 IVY ROAD	CHARLOTTESVILLE	VA	22903	NONE	PC	GENERAL PURPOSE	$200,000
VIRGINIA INSTITUTE OF AUTISM
491 HILLSDALE DRIVE	CHARLOTTESVILLE	VA	22901	NONE	PC	EDUCATION SUPPORT	$100,000
CHARLOTTESVILLE BIOHUB
700 HARRIS STREET	CHARLOTTESVILLE	VA	22903	NONE	PC	GENERAL PURPOSE	$100,000
CHARLOTTESVILLE BIOHUB
700 HARRIS STREET	CHARLOTTESVILLE	VA	22903	NONE	PC	GENERAL PURPOSE	$100,000
THE HAVEN
PO BOX 273	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$10,000
US SQUASH
555 EIGHTH AVENUE SUITE 1102	NEW YORK	NY	100184311	NONE	PC	SUPPORT FOR ATHLETICS	$250,000
MADISON HOUSE
PO BOX 400220	CHARLOTTESVILLE	VA	229044220	NONE	PC	GENERAL PURPOSE	$25,000
CIC FOR SBDC
PO BOX 2976	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$75,000
GRYMES MEMORIAL SCHOOL
PO BOX 1160	ORANGE	VA	22960	NONE	PC	GENERAL PURPOSE	$1,000,000
MARTHA JEFFERSON HOSPITAL FOUNDATION
500 MARTHA JEFFERSON DRIVE	CHARLOTTESVILLE	VA	22911	NONE	PC	GENERAL PURPOSE	$20,000
SPECIAL OLYMPICS VIRGINIA
3212 SKIPWITH ROAD SUITE 100	RICHMOND	VA	23294	NONE	PC	GENERAL PURPOSE	$20,000
CHARLOTTESVILLE COMMUNITY BIKES
917 PRESTON AVENUE SUITE D	CHARLOTTESVILLE	VA	22903	NONE	PC	GENERAL PURPOSE	$25,000
WOMEN'S INITIATIVE
1101 EAST HIGH STREET SUITE A	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$25,000
MCINTIRE SCHOOL FOUNDATION
PO BOX 400220	CHARLOTTESVILLE	VA	229044220	NONE	PC	EDUCATION SUPPORT	$20,000
WOODBERRY FOREST SCHOOL
402 WOODBERRY STATION	WOODBERRY FOREST	VA	22989	NONE	PC	EDUCATION SUPPORT	$11,500
CTR FOR THE STUDY OF STATESMANSHIP AT CATHOLIC UNIVERSITY
620 MICHIGAN AVENUE NE	WASHINGTON	DC	20064	NONE	PC	EDUCATION SUPPORT	$10,000
NATIONAL ASSOCIATION OF SCHOLARS
420 MADISON AVENUE 7TH FLOOR	NEW YORK	NY	10017	NONE	PC	ACADEMIC RESEARCH	$10,000
NATIONAL LEGAL AND POLICY CENTER
107 PARK WASHINGTON COURT	FALLS CHURCH	VA	22046	NONE	PC	GENERAL PURPOSE	$5,000
SOUTHERN ENVIRONMENTAL LAW CENTER
120 GARRETT STREET SUITE 400	CHARLOTTESVILLE	VA	229025613	NONE	PC	GENERAL PURPOSE	$15,000
WOMEN'S INITIATIVE
1101 EAST HIGH STREET SUITE A	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$10,000
CHARLOTTESVILLE POLICE FOUNDATION
PO BOX 2631	CHARLOTTESVILLE	VA	22902	NONE	PC	EMERGENCY RESPONDER SUPPORT	$5,000
AMPLIO NETWORK
1904 THIRD AVENUE SUITE 417	SEATTLE	WA	98101	NONE	PC	GENERAL PURPOSE	$50,000
THE FRONT PORCH
221 WATER STREET EAST	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$25,000
BIG BROTHERS BIG SISTERS OF THE CENTRAL BLUE RIDGE
PO BOX 814	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$20,000
COMMUNITY INVESTMENT COLLABORATIVE
PO BOX 2976	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$40,000
SQUASH AND EDUCATION ALLIANCE
55 BROAD STREET 14TH FLOOR	NEW YORK	NY	10004	NONE	PC	SUPPORT FOR ATHLETICS	$25,000
CACF FOR ECFN
114 4TH STREET SE	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$15,000
LIGHT HOUSE STUDIO
220 WEST MARKET STREET	CHARLOTTESVILLE	VA	22902	NONE	PC	MEDIA EDUCATION CENTER FOR TEENAGERS	$10,000
WOMEN'S INITIATIVE
1101 EAST HIGH STREET SUITE A	CHARLOTTESVILLE	VA	22902	NONE	PC	GENERAL PURPOSE	$25,000
VIRGINIA DISCOVERY MUSEUM
PO BOX 1128	CHARLOTTESVILLE	VA	22902	NONE	PC	EDUCATION SUPPORT	$25,000
BOYS & GIRLS CLUBS OF CENTRAL VIRGINIA
PO BOX 707	CHARLOTTESVILLE	VA	22902	NONE	PC	PROGRAMS FOR YOUNG PEOPLE	$25,000
SHADY HILL SCHOOL
178 COOLIDGE HILL	CAMBRIDGE	MA	02138	NONE	PC	GENERAL PURPOSE	$20,000
CONCORD ACADEMY
166 MAIN STREET	CONCORD	MA	01742	NONE	PC	GENERAL PURPOSE	$20,000
SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT FOUNDATION
PO BOX 400276	CHARLOTTESVILLE	VA	22904	NONE	PC	EDUCATION SUPPORT	$25,000
SOCIAL GOOD FUND MEMO NEARBY BABY
1022 COTTONWOOD ROAD	CHARLOTTESVILLE	VA	22901	NONE	PC	GENERAL PURPOSE	$20,000
MUSIC RESOURCE CENTER
105 RIDGE STREET	CHARLOTTESVILLE	VA	22902	NONE	PC	PROGRAMS FOR YOUNG PEOPLE	$25,000
CHARLOTTESVILLE DAY SCHOOL
320 10TH STREET NE	CHARLOTTESVILLE	VA	22902	NONE	PC	EDUCATION SUPPORT	$1,000,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$22,856,500	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$30,858	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$276,461	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (9 entries)

DescDesc	ExclusionExclusionAmt
WHITE DEER ENERGY LP III	$9,567
CORRELATION VENTURES III, LP	$89
CORRELATION VENTURES II, LP	$620,494
CORRELATION VENTURES, LP	$161,847
ARDEN REAL ESTATE PARTNERS III LP	$10,566
LLR EQUITY PARTNERS	-$1,907
MA REAL ASSETS FUND 2, LP	$45,051
DRUM SPECIAL SITUATION PARTNERS IV-C LP	$5,126
MA ENDOWMENT PARTNERS, LP	$242,764

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$1,400,916	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,400,916	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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING	CategoryTxt
Amt	$4,806	Amt
Net Investment Income	$2,403	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$2,403	DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (18 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
COLUMBIA POWER	FMV	$1,724,472	$1,724,472
CORRELATION VENTURES, II LP	FMV	$10,475,935	$10,475,935
CORRELATION VENTURES, LP	FMV	$2,740,627	$2,740,627
DRUM SPECIAL SITUATION PARTNERS IV-C LP	FMV	$243,192	$243,192
IRONSIDES OFFSHORE DIRECT INVESTMENT FND	FMV	$257,488	$257,488
MA ENDOWMENT PARTNERS LP	FMV	$5,054,531	$5,054,531
MA REAL ASSETS FUND 2, LP	FMV	$491,839	$491,839
QUANTITATIVE GLOBAL 3X FUND LTD	FMV	$26,005,294	$26,005,294
QUANTITATIVE TACTICAL AGRESSIVE FD. LTD.	FMV	$35,569,442	$35,569,442
STAR MOUNTAIN DIVERSIFIED SMALL BUSINESS	FMV	$172,084	$172,084
VANGUARD GLOBAL EQUITY FUND	FMV	$10,825,451	$10,825,451
WHITE DEER ENERGY LP III	FMV	$214,693	$214,693
PARTNERS GROUP PRIVATE EQUITY	FMV	$358,096	$358,096
ARDEN REAL ESTATE PARTNERS III	FMV	$240,510	$240,510
LLR EQUITY PARTNERS VI	FMV	$133,711	$133,711
CORRELATION VENTURES, III LP	FMV	$665,339	$665,339
IRONSIDE CO-IVESTMENT	FMV	$217,522	$217,522
QF PRIVATE EQUITY	FMV	$403,381	$403,381

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$124,588	LegalFeesAmt
Net Investment Income	$12,456	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$112,129	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES	$655	$328	$328
OFFICE SUPPLIES	$2,193	$1,097	$1,097
SUBSCRIPTION SERVICES	$1,230	$615	$615
DISTRIBUTIONS	$68,591	$0	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (9 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
WHITE DEER ENERGY LP III	$9,567	$9,567	$9,567
CORRELATION VENTURES III, LP	$89	$89	$89
CORRELATION VENTURES II, LP	$620,494	$620,494	$620,494
CORRELATION VENTURES, LP	$161,847	$161,847	$161,847
ARDEN REAL ESTATE PARTNERS III LP	$10,566	$10,566	$10,566
LLR EQUITY PARTNERS	-$1,907	-$1,907	-$1,907
MA REAL ASSETS FUND 2, LP	$45,051	$45,051	$45,051
DRUM SPECIAL SITUATION PARTNERS IV-C LP	$5,126	$5,126	$5,126
MA ENDOWMENT PARTNERS, LP	$242,764	$242,764	$242,764

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAINS	Desc
Amt	$16,900,027	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PROFESSIONAL FEES	$37,193	$7,439	$29,754
ACCOUNT MANAGEMENT	$193,555	$193,555	$0
CONSULTING FEES	$32,369	$6,474	$25,895

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	TAXES	CategoryTxt
Amt	$72,856	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt