PANAPHIL FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: PANAPHIL FOUNDATION (EIN 13-6959472)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-14
IRS object ID: 202313189349101731
Schema version: 2022v5.0
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 Govt Obligations Sch
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	2023-11-14T09:39:16-06:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	132060851	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Owen J Flanagan & Co	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	60 East 42nd Street	AddressLine1Txt
City	New York	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10165	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	136959472	EIN

Business Name BusinessName

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

Field	Value	IRS element (for citing)
Business Name Control	PANA	BusinessNameControlTxt
Phone	2129490990	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	333 SEVENTH AVENUE 9TH FL	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10001	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	NELS WANGENSTEEN	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	2129490990	PhoneNum
Signature	2023-11-07	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	NELS	PersonFirstNm
Person Last	WANGENSTEEN	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	Kevin Sunkel	PreparerPersonNm
PTIN	P00706145	PTIN
Phone	2126822783	PhoneNum
Preparation	2023-11-07	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	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)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$102,008,517	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	$1,361,187	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,361,187	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$2,250,423	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$12,703,054	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$2,250,423	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$300,132	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$300,132	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$3,911,742	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,911,742	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$108,611	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$36,204	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$72,407	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$3,965	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$3,965	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$20,000	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$20,000	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$0	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$1,046,845	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$809,199	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$237,646	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$383,095	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$188,095	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$19,170	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$19,170	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$14,965	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$14,242	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$140	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,596,651	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,067,740	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$333,328	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$4,820,573	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$4,820,573	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$6,417,224	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,067,740	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$5,153,901	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$2,505,482	ExcessRevenueOverExpensesAmt
Net Investment Income	$2,844,002	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$77,464	CashBOYAmt
Cash EOY	$222,202	CashEOYAmt
Cash EOYFMV	$222,202	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$2,590,064	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$4,255,592	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$4,255,592	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$1,041,551	AcctRcvblAmt
Acct Rcvbl EOY	$1,041,551	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$1,041,551	AcctRcvblEOYFMVAmt
US Government Obligations BOY	$0	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$3,036,447	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$3,036,447	USGovtObligationsEOYFMVAmt
Other Investments BOY	$94,251,308	OtherInvestmentsBOYAmt
Other Investments EOY	$93,452,725	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$93,452,725	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$96,918,836	TotalAssetsBOYAmt
Total Assets EOY	$102,008,517	TotalAssetsEOYAmt
Total Assets EOYFMV	$102,008,517	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$96,918,836	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$102,008,517	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$96,918,836	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$102,008,517	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$96,918,836	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$102,008,517	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$96,918,836	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$2,505,482	ExcessRevenueOverExpensesAmt
Other Increases	$7,595,163	OtherIncreasesAmt
Subtotal	$102,008,517	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$102,008,517	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (37 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Gross Sales PriceGrossSalesPriceAmt	SoldSoldDt
PER K-1 - DALTON INV TRUST	P	$269,385	-$269,385	-$269,385
PER K-1 - ECHO STREET	P	$3,468	-$3,468	-$3,468
PER K-1 - FUNDSMITH EQUITY	P		$237,288	$237,288	$237,288
PER K-1 - GQG PARTNERS INTL EQUITY	P		$30,299	$30,299	$30,299
PER K-1 - KABOUTER INTL	P	$121,929	-$121,929	-$121,929
PER K-1 - LIGHTHOUSE INDIA	P		$858,230	$858,230	$858,230
PER K-1 - NEW GENERATION	P		$161,813	$161,813	$161,813
PER K-1 - OVERLOOK PARTNERS	P	$67,394	-$67,394	-$67,394
PER K-1 - OWLS NEST	P	$25,121	-$25,121	-$25,121
PER K-1 - WP ENTITIES	P		$371,064	$371,064	$371,064
INDIA ACORN FUND - PFIC	P		$291,883	$291,883	$291,883
RENAISSANCE INST EQUITIES	P	$1,700,000	$320,005	$320,005	$2,020,005	2022-01-01
INDIA ACORN FUND	P	$465,845	$534,155	$534,155	$1,000,000	2022-01-01
LEXINGTON CAPITAL	P	$10,143	$28,422	$28,422	$38,565	2022-01-28
YORK CREDIT OPPORTUNITIES	P	$34,680	-$8,519	-$8,519	$26,161	2022-02-01
YORK DISTRESSED ASSET FUND III	P	$104,003	$138,154	$138,154	$242,157	2022-02-11
LEXINGTON CAPITAL	P	$1,956	$3,970	$3,970	$5,926	2022-02-28
LEXINGTON CAPITAL	P	$7,126	$8,198	$8,198	$15,324	2022-03-30
YORK DISTRESSED ASSET FUND III	P	$14,023	$167,520	$167,520	$181,543	2022-04-14
LEXINGTON CAPITAL	P	$18,305	$4,634	$4,634	$22,939	2022-04-28
YORK CREDIT OPPORTUNITIES	P	$18,739	$1,511	$1,511	$20,250	2022-05-01
LEXINGTON CAPITAL (OFFSHORE)	P	$6,094	$8,662	$8,662	$14,756	2022-05-27
LEXINGTON CAPITAL (OFFSHORE)	P	$6,044	$16,178	$16,178	$22,222	2022-06-29
MW GLOBAL OPPORTUNITIES	P	$1,500,000	$259,121	$259,121	$1,759,121	2022-07-01
YORK DISTRESSED ASSET FUND III	P	$24,253	$190,618	$190,618	$214,871	2022-07-08
LEXINGTON CAPITAL (OFFSHORE)	P	$11,104	$24,147	$24,147	$35,251	2022-07-28
LEXINGTON CAPITAL (OFFSHORE)	P	$4,510	$6,967	$6,967	$11,477	2022-08-30
LEXINGTON CAPITAL (OFFSHORE)	P	$1,240	$1,301	$1,301	$2,541	2022-09-29
BIRCH GROVE CREDIT STRATEGIES	P	$1,243,960	$356,040	$356,040	$1,600,000	2022-10-01
YORK CREDIT OPPORTUNITIES	P	$19,280	$2,329	$2,329	$21,609	2022-10-01
YORK EUROPEAN DISTRESSED CREDIT FUND	P	$2,118,448	-$1,907,424	-$1,907,424	$211,024	2022-12-01
YORK DISTRESSED ASSET FUND III	P	$157,937	$25,508	$25,508	$183,445	2022-12-08
TIFF MULTI-ASSET	P	$1,364,032	-$49,032	-$49,032	$1,315,000	2022-12-15
LEXINGTON CAPITAL (OFFSHORE)	P	$15,260	$26,778	$26,778	$42,038	2022-12-29
PUBLICLY TRADED ACCOUNTS	P	$1,118,352	-$1,118,352	-$1,118,352
COST ADJUSTMENTS	P		$88,068	$88,068	$88,068
Capital Gains Dividends	P		$1,658,184	$1,658,184	$1,658,184

Field	Value	IRS element (for citing)
Capital Gain Net Income	$2,250,423	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$39,532	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$39,532	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$39,532	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$102,038	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$0	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$102,038	TotalPaymentsAndCreditsAmt
Es Penalty	$0	EsPenaltyAmt
Overpayment	$62,506	OverpaymentAmt
Applied To ES Tax	$62,506	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	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	0	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
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
Individual With Books	TCC GROUP	IndividualWithBooksNm
Phone	2129490990	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	333 SEVENTH AVENUE 9TH FL	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10001	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 (3 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
CHRISTOPHE J VELAY
333 SEVENTH AVE 9TH FLOOR	NEW YORK	NY	10001	TRUSTEE	10.00	$36,204	$0	$0
BARBARA P ROBINSON ESQ
333 SEVENTH AVE 9TH FLOOR	NEW YORK	NY	10001	TRUSTEE	10.00	$36,204	$0	$0
NELS WANGENSTEEN
333 SEVENTH AVE 9TH FLOOR	NEW YORK	NY	10001	TRUSTEE	10.00	$36,203	$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 (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
JUSTICE ASSOCIATES LLC
325 CLINTON AVENUE	BROOKLYN	NY	11205	PHILANTHROPIC ADVISEMENT	$120,000
TCC GROUP INC
333 SEVENTH AVENUE	NEW YORK	NY	10001	MANAGEMENT	$83,537

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	$111,259,185	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$111,259,185	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$111,259,185	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,668,888	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$109,590,297	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$5,479,515	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$5,479,515	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$39,532	TaxBasedOnInvestmentIncomeAmt
Total Tax	$39,532	TotalTaxAmt
Distributable Before Adj	$5,439,983	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$5,439,983	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$5,439,983	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$5,153,901	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$5,153,901	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$5,439,983	DistributableAsAdjustedAmt
Undistributed Income PY	$903,254	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$5,153,901	QualifyingDistributionsAmt
Applied To Year1	$903,254	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$4,250,647	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	$1,189,336	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 (37 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
ACLU Foundation
125 Broad St 18th Fl	New York	NY	10004	PC	Unrestricted	$25,000
African Wildlife Foundation
1100 New Jersey Ave SE Suite 900	Washington	DC	20036	PC	Unrestricted	$100,000
Blue Ridge Abortion Fund
PO Box 5082	Charlottesville	VA	22905	PC	Unrestricted	$10,000
Brooklyn Community Foundation
1000 Dean St Suite 307	Brooklyn	NY	11238	PC	Unrestricted	$10,000
Brooklyn Museum
200 Eastern Parkway	Brooklyn	NY	11238	PC	Unrestricted	$10,000
Bryn Mawr College
101 North Merion Ave	Bryn Mawr	PA	19010	PC	Frances Velay Women's Science Research Fellowship Program	$59,125
Campaign Against Hunger
2021 Fulton St	Brooklyn	NY	11233	PC	Unrestricted	$10,000
City University of New York Research Foundation
230 W 41st St	New York	NY	10036	PC	Frances Velay Women's Science Research Fellowship Program	$65,000
Drexel University
3401 Market St Suite 110	Philadelphia	PA	19104	PC	Frances Velay Women's Science Research Fellowship Program	$62,700
Earthjustice
50 California St Ste 500	San Francisco	CA	94111	PC	Unrestricted	$300,000
Emma's Torch
345 Smith St	Brooklyn	NY	11231	PC	Unrestricted	$10,000
Environmental Defense Fund
257 Park Avenue South	New York	NY	10010	PC	Unrestricted	$400,000
Greenpeace Fund
702 H Street Suite 300	Washington	DC	20001	PC	Ocean programs	$100,000
Haverford College
370 Lancaster Ave	Haverford	PA	19041	PC	Frances Velay Women's Science Research Fellowship Program	$57,100
Human Rights Watch
350 Fifth Avenue 34th floor	New York	NY	10018	PC	Unrestricted	$150,000
King Baudouin Foundation
10 Rockefeller Plaza 16th floor	New York	NY	10020	PC	Compter Sur Demain	$40,000
Land Trust Alliance
1250 H Street NW Suite 600	Washington	DC	20005	PC	Unrestricted	$40,000
Local Initiatives Support Corporation
28 Liberty St Fl 34	New York	NY	10005	PC	For work in Philadelphia	$500,000
NARAL Pro-Choice America
1725 I Street NW Suite 900	Washington	DC	20006	PC	Unrestricted	$400,000
National Women's Health Network
1413 K Street NW 400	Washington	DC	20005	PC	Unrestricted	$25,000
Natural Resources Defense Council
40 W 20th St	New York	NY	10011	PC	Unrestricted	$200,000
New Hope MidCoast
PO Box A	Rockland	ME	04841	PC	Unrestricted	$10,000
Ocean Conservancy
1300 19th Street NW 8th Fl	Washington	DC	20036	PC	Unrestricted	$500,000
Pennsylvania Horticultural Society
100 N 20th St 5th Fl	Philadelphia	PA	19103	PC	Philadelphia Green program	$25,000
Philadelphia Zoo
3400 W Girard Ave	Philadelphia	PA	19103	PC	Unrestricted	$75,000
Planned Parenthood Federation
123 William St 10th Fl	New York	NY	10038	PC	Unrestricted	$1,000,000
ReWild
PO Box 129	Austin	TX	78767	PC	Turtle Conservation Fund	$50,000
Seacrest Foundation
211 Saxony Rd	Encinitas	CA	92024	PC	Unrestricted	$5,000
Stony Brook University Foundation
100 Nicholls Rd	Stony Brook	NY	11794	PC	Frances Velay Women's Science Research Fellowship Program	$65,000
Swarthmore College
500 College Ave	Swarthmore	PA	19081	PC	Frances Velay Women's Science Research Fellowship Program	$95,648
Temple University
Gladfelter Hall Room 629 025-29	Philadelphia	PA	19122	PC	Frances Velay Women's Science Research Fellowship Program	$90,000	1115 W Polett Walk
Tenement Museum
103 Orchard St	New York	NY	10002	PC	Unrestricted	$10,000
University of Pennsylvania
Office of the Dean 1 College Hall	Philadelphia	PA	19104	PC	Frances Velay Women's Science Research Fellowship Program	$66,000	Room 116
Wave Hill
675 West 252nd Street	Bronx	NY	10471	PC	Unrestricted	$100,000
Wilderness Society
1615 M Street NW	Washington	DC	20036	PC	Unrestricted	$100,000
Wildlife Conservation Society
2300 Southern Boulevard	Bronx	NY	10460	PC	turtle and tortoise conservation work in Myanmar	$30,000
Windward Foundation
PO Box 38064	Baltimore	MD	21297	PC	Unrestricted	$25,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$4,820,573	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
ACLU Foundation
125 Broad St 18th Fl	New York	NY	10004	PC	Unrestricted	$2,000,000
Bryn Mawr College
101 North Merion Ave	Bryn Mawr	PA	19010	PC	Womens Science Fellowship Program	$118,250
Drexel University
3401 Market St Suite 110	Philadelphia	PA	19104	PC	Womens Science Fellowship Program	$125,400
Environmental Defense Fund
257 Park Avenue South	New York	NY	10010	PC	Unrestricted	$800,000
Haverford College
370 Lancaster Ave	Haverford	PA	19041	PC	Womens Science Fellowship Program	$117,900
Local Initiatives Support Corporation
28 Liberty St Fl 34	New York	NY	10005	PC	For work in Philadelphia	$500,000
NARAL Pro-Choice America
1725 I Street NW Suite 900	Washington	DC	20006	PC	Unrestricted	$400,000
Pennsylvania Horticultural Society
100 N 20th St 5th Fl	Philadelphia	PA	19103	PC	For the Philadelphia Green program.	$25,000
Philadelphia Zoo
3400 W Girard Ave	Philadelphia	PA	19103	PC	Unrestricted	$75,000
Planned Parenthood Federation of America
123 William St 10th Fl	New York	NY	10038	PC	Unrestricted	$1,000,000
ReWild
PO Box 129	Austin	TX	78767	PC	Turtle Conservation Fund	$100,000
Swarthmore College
500 College Ave	Swarthmore	PA	19081	PC	Womens Science Fellowship Program	$191,296
Temple University
Gladfelter Hall Room 629 025-29	Philadelphia	PA	19122	PC	Womens Science Fellowship Program	$180,000	1115 W Polett Walk
University of Pennsylvania
Office of the Dean 1 College Hall	Philadelphia	PA	19104	PC	Womens Science Fellowship Program	$132,000	Room 116

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$5,764,846	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,361,187	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$354,562	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$2,250,423	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	PARTNERSHIPS	Desc
Exclusion	14	ExclusionCd
Exclusion	-$54,430	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$3,911,742	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,911,742	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 FEES	CategoryTxt
Amt	$20,000	Amt
Net Investment Income	$20,000	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$3,036,447	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$3,036,447	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$0	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$0	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (26 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Birch Grove Credit Strategies Fund	FMV	$1,542,205	$1,542,205
Chickasaw MLP (IMLPX)	FMV	$3,286,273	$3,286,273
Dalton Asia Equity	FMV	$1,895,291	$1,895,291
Echo Street GoodCo Select II, LP	FMV	$4,502,593	$4,502,593
Fundsmith Equity Fund LP	FMV	$3,890,346	$3,890,346
GQG Partners International Equity Fund	FMV	$4,287,188	$4,287,188
India Acorn Fund (Cayman) Ltd	FMV	$3,914,848	$3,914,848
Lateef All Cap Growth Equity	FMV	$4,739,310	$4,739,310
Lexington Capital Partners (Offshore) VII , LP	FMV	$674,971	$674,971
Lighthouse India Fund III, Ltd.	FMV	$1,945,220	$1,945,220
New Generation Turnaround Fund (Delaware) L.P.	FMV	$205,392	$205,392
Orchard Liquid Credit Fund	FMV	$3,450,667	$3,450,667
Overlook Partners Fund	FMV	$3,232,274	$3,232,274
Polen Focus Growth	FMV	$4,179,909	$4,179,909
Third Point Offshore Fund, Ltd. - Class E	FMV	$2,147,658	$2,147,658
Third Point Structured Credit Opportunities Offshore Fund LP	FMV	$3,053,373	$3,053,373
TIFF Multi-Asset	FMV	$20,240,430	$20,240,430
Vulcan Large Cap	FMV	$2,258,411	$2,258,411
Warburg Pincus XII	FMV	$2,435,813	$2,435,813
York Credit Opportunities Unit Trust - Class A/1	FMV	$322,010	$322,010
York Distressed Asset Fund III (Cayman), L.P.	FMV	$2,023,614	$2,023,614
DG VALUE PARTNERS II	FMV	$1,939,328	$1,939,328
OWLS NEST PARTNERS	FMV	$1,429,826	$1,429,826
SEELAUS	FMV	$10,020,893	$10,020,893
WARD FERRY	FMV	$1,237,218	$1,237,218
SHAPIRO	FMV	$4,597,664	$4,597,664

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$3,965	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$3,965	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CUSTODY FEES	$14,242	$14,242	$0
NON DEDUCTIBLE INVESTMENT EXPENSES	$583	$0	$0
OFFICE	$140	$0	$140

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
THIRD POINT STRUCTURED	$354,562	$354,562	$354,562
PARTNERSHIPS	-$54,430	-$54,430	-$54,430

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	ADJUST BOOKS TO FAIR VALUE	Desc
Amt	$7,595,163	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MANAGEMENT FEES	$83,146	$0	$83,146
PHILANTHROPIC ADVISEMENT FEES	$154,500	$0	$154,500
INVESTMENT ADVISORY FEES	$809,199	$809,199	$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAX	$195,000	$0	$0
FOREIGN TAXES	$188,095	$188,095	$0