CARMEL HILL FUND: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: CARMEL HILL FUND (EIN 13-6881103)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-07-25
IRS object ID: 202222069349100162
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
Accounting Fees Schedule
Gain Loss Sale Other Assets Sch
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Legal Fees Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-07-25T10:37:37-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	227 WEST FIRST STREET SUITE 700	AddressLine1Txt
City	DULUTH	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55802	ZIPCd

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

Filer Filer

Field	Value	IRS element (for citing)
EIN	136881103	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE CARMEL HILL FUND	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CARM	BusinessNameControlTxt
Phone	2127866320	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1325 AVENUE OF THE AMERICAS 2715	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	100192701	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROBERT GOLDFARB	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	2127866320	PhoneNum
Signature	2022-07-18	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ROBERT	PersonFirstNm
Person Last	GOLDFARB	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JULIE BOYER	PreparerPersonNm
PTIN	P01278549	PTIN
Phone	2187275025	PhoneNum
Preparation	2022-07-18	PreparationDt

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	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$494,036,807	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
Interest On Sav Rev And Expnss	$1,078	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$1,078	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$4,109,671	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$4,109,671	DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss	$59,170	GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm	$59,170	GrossRentsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$47,378,416	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$68,412,227	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$47,247,434	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$1,392,027	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$1,380,582	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$52,940,362	TotalRevAndExpnssAmt
Total Net Invst Incm	$52,797,935	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$363,070	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$363,070	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$2,592,315	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$0	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$2,592,315	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$839,115	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$0	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$839,115	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$6,845	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$6,845	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$111,094	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$33,328	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$77,766	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$1,308,740	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$1,115,232	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$193,508	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$1,968,909	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$1,353,879	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$192,462	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$1,697,087	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$59,170	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$1,637,917	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$8,887,175	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$2,561,609	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$5,902,998	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$11,050,482	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$11,050,482	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$19,937,657	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$2,561,609	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$16,953,480	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$33,002,705	ExcessRevenueOverExpensesAmt
Net Investment Income	$50,236,326	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$144,253	CashBOYAmt
Cash EOY	$162,783	CashEOYAmt
Cash EOYFMV	$162,783	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$15,116,118	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$13,293,610	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$13,293,610	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$44,689,984	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$57,993,022	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$44,693,742	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$239,525,129	CorporateStockBOYAmt
Corporate Stock EOY	$236,480,895	CorporateStockEOYAmt
Corporate Stock EOYFMV	$320,604,822	CorporateStockEOYFMVAmt
Other Investments BOY	$81,701,581	OtherInvestmentsBOYAmt
Other Investments EOY	$106,249,460	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$111,950,850	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$3,331,000	LandBldgEquipCostOrOtherBssAmt
Land BOY	$3,331,000	LandBOYAmt
Land EOY	$3,331,000	LandEOYAmt
Land EOYFMV	$3,331,000	LandEOYFMVAmt
Total Assets BOY	$384,508,065	TotalAssetsBOYAmt
Total Assets EOY	$417,510,770	TotalAssetsEOYAmt
Total Assets EOYFMV	$494,036,807	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$384,508,065	CapitalStockBOYAmt
Capital Stock EOY	$417,510,770	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$0	RetainedEarningBOYAmt
Retained Earning EOY	$0	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$384,508,065	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$417,510,770	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$384,508,065	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$417,510,770	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$384,508,065	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$33,002,705	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$417,510,770	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$417,510,770	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Gross Sales PriceGrossSalesPriceAmt
SPIN-OFF DISTRIBUTIONS	P	$3,552,804	-$3,552,804	-$3,552,804
FROM ACACIA PARTNERS	P	$147,772	-$147,772	-$147,772
FROM ACACIA PARTNERS	P		$10,978,556	$10,978,556	$10,978,556
PUBLICLY TRADED SECURITIES	P	$17,333,235	$7,737,702	$7,737,702	$25,070,937
CAPITAL GAINS DIVIDENDS	P		$32,231,752	$32,231,752	$32,231,752

Field	Value	IRS element (for citing)
Capital Gain Net Income	$47,247,434	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$698,285	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$698,285	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$698,285	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$600,000	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$500,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$1,100,000	TotalPaymentsAndCreditsAmt
Es Penalty	$0	EsPenaltyAmt
Overpayment	$401,715	OverpaymentAmt
Applied To ES Tax	$401,715	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	NY	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
Individual With Books	ROBERT D GOLDFARB	IndividualWithBooksNm
Phone	2127866320	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1325 AVENUE OF THE AMERICAS SUITE	AddressLine1Txt
Address Line2	2715	AddressLine2Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10019	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 (4 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
ROBERT D GOLDFARB
1325 AVENUE OF AMERICAS SUITE 2715	NEW YORK	NY	10019	TRUSTEE	2.00	$0	$0	$0
DANIEL L MOSLEY
825 EIGHTH AVENUE	NEW YORK	NY	10019	TRUSTEE	2.00	$0	$0	$0
ELIZABETH A RUANE
1325 AVENUE OF AMERICAS SUITE 2715	NEW YORK	NY	10019	TRUSTEE	2.00	$0	$0	$0
ARLENE FARRAND-BORGERSON
1325 AVENUE OF AMERICAS SUITE 2715	NEW YORK	NY	10019	EXECUTIVE DIRECTOR	40.00	$363,070	$14,250	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt	Expense AccountExpenseAccountAmt
FANON J HOWELL
1325 AVENUE OF AMERICAS SUITE 2715	NEW YORK	NY	10019	DIRECTOR CHF EDUCATI	40.00	$274,131	$13,807	$0
EILEEN M MCMAHON
1325 AVENUE OF AMERICAS SUITE 2715	NEW YORK	NY	10019	AREA DIRECTOR CHFEP	40.00	$156,841	$6,715	$0
ALLISON PAINICH
1325 AVENUE OF AMERICAS SUITE 2715	NEW YORK	NY	10019	AREA DIRECTOR CHF EP	40.00	$126,754	$6,438	$0
MARIA GARCIA
1325 AVENUE OF AMERICAS SUITE 2715	NEW YORK	NY	10019	IMPLEMENTATION SPECI	40.00	$114,060	$5,464	$0
DAMARY GONZALEZ
1325 AVENUE OF AMERICAS SUITE 2715	NEW YORK	NY	10019	IMPLEMENTATION & LIB	40.00	$95,304	$4,865	$0

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	22	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
RUANE CUNIFF & GOLDFARB LLC
9 WEST 57TH STREET STE 5000	NEW YORK	NY	10019	BROKER FEES	$1,115,232
ANN HAMM - SCHOLLY MOLLY INC
59 WEST 126TH ST APT 1	NEW YORK	NY	10027	STUDENT PERFORMANCE CONSULTANT	$113,695
RSM US LLP
151 WEST 42ND STREET 19TH FLOOR	NEW YORK	NY	10036	ACCOUNTING SERVICES	$97,000

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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	THE CARMEL HILL FUND'S EDUCATION PROGRAM OPERATES IN SCHOOLS IN THREE CITIES: 51 SCHOOLS IN NYC, 19 SCHOOLS IN MONROE, LA AND 59 SCHOOLS IN DENVER, CO REACHING A TOTAL OF OVER 35,000 STUDENTS. OUR MISSION IS TO SUPPORT PRIMARY AND SECONDARY AGED STUDENTS IN BECOMING AVID READERS. TO THIS END, WE PARTNER WITH SCHOOLS TO TRACK STUDENT READING PROGRESS AND PROFICIENCY VERSUS GRADE-LEVEL STATE STANDARDS. OUR PRINCIPAL FOCUS IS UTILIZING RENAISSANCE LEARNING'S ACCELERATED READER SOFTWARE PROGRAM. OUR STAFF CONSISTS OF 21 EMPLOYEES VISITING SCHOOLS TO ASSIST PRINCIPALS, TEACHERS AND LIBRARIANS IN THE SUCCESSFUL IMPLEMENTATION OF THE READING PROGRAM. WE ARE PROUD OF OUR IMPACT ON BOTH THE STUDENTS AND THE COMMUNITIES IN WHICH WE ARE LOCATED.	Description1Txt
Expenses1	$1,637,917	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	$495,765,987	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$3,719,451	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$3,331,000	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$502,816,438	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$502,816,438	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$7,542,247	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$495,274,191	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$24,763,710	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$24,763,710	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$698,285	TaxBasedOnInvestmentIncomeAmt
Income Tax	$12,470	IncomeTaxAmt
Total Tax	$710,755	TotalTaxAmt
Distributable Before Adj	$24,052,955	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$24,052,955	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$24,052,955	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$16,953,480	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$16,953,480	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$24,052,955	DistributableAsAdjustedAmt
Undistributed Income PY	$9,421,321	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$16,953,480	QualifyingDistributionsAmt
Applied To Year1	$9,421,321	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$7,532,159	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	$16,520,796	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 RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ALL STAR CODE
276 5TH AVENUE SUITE 704 734	NEW YORK	NY	10001	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$35,000
BRAIN & BEHAVIOR RESEARCH FOUNDATION
60 CUTTER MILL ROAD SUITE 404	GREAT NECK	NY	11021	NONE	PC	CONTRIBUTION TOWARDS SCIENTIFIC RESEARCH IN REGARD TO CHILDREN'S MENTAL HEALTH	$550,000
BROTHERHOODSISTER SOL
140 HAMILTON PLACE	NEW YORK	NY	10031	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$35,000
BURLINGTON CITY ARTS
135 CHURCH STREET	BURLINGTON	VT	05401	NONE	PC	FOR THE DONEE'S TAX EXEMPT PURPOSE	$80,000
CHILDRENS AID SOCIETY
711 THIRD AVENUE SUITE 700	NEW YORK	NY	10017	NONE	PC	FUND COSTS FOR AFTER SCHOOL PROGRAM FOR SCHOLARSHIP STUDENTS	$72,302
CITY LIVING NY
1741 73RD STREET	BROOKLYN	NY	11204	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$35,000
DC COLLEGE ACCESS
1300 N 17TH STREET 17TH FLOOR	ARLINGTON	VA	22209	NONE	PC	FUNDS TOWARDS ASSISTING HIGH SCHOOL STUDENTS TUITION INTO COLLEGE	$250,000
DENVER PUBLIC SCHOOLS
1860 LINCOLN STREET	DENVER	CO	80203	NONE	GOV	PARTNERING WITH DENVER PUBLIC SCHOOLS WITH BOOKS, COMPUTERS AND READING SOFTWARE	$1,107,574
DREAMYARD PROJECT INC
1085 WASHINGTON AVENUE	BRONX	NY	10456	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$35,000
FLYNN CENTER FOR THE PERFORMING ARTS
153 MAIN STREET	BURLINGTON	VT	05401	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$2,500
GANGSTAS MAKING ASTRONOMICAL COMMERCIAL CHANGES
5712 CHURCH AVENUE	BROOKLYN	NY	11203	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$35,000
GOOD SHEPHERD SERVICES
305 SEVENTH AVENUE 9TH FLOOR	NEW YORK	NY	10001	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$35,000
INSTITUTE FOR MEDITATION SCIENCES
181 WOODLAND AVENUE	VERONA	NJ	07044	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$5,000
LITERACY INC NYC
5030 BROADWAY 641	NEW YORK	NY	10034	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$2,000,000
MADISON SQUARE BOYS AND GIRLS CLUB
250 BRADHURST AVENUE	NEW YORK	NY	10039	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$175,000
ME 2 ORCHESTRA INC
PO BOX 4560	BURLINGTON	VT	05406	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$25,000
MONROE SCHOOL DISTRICT
2006 TOWER DRIVE	MONROE	LA	71201	NONE	GOV	FUNDING LIBRARIES WITH BOOKS, COMPUTER HARDWARE AND ACCELERATED READER SOFTWARE	$677,958
MUSIC FOR THE EARTH
PO BOX 1740	LITCHFIELD	CT	06759	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$12,000
NAAM YOGA LA
1231 FOURTH STREET	SANTA MONICA	CA	90401	NONE	PC	FOR THE DONEE'S TAX EXEMPT PURPOSE	$12,000
NEW YORK CITY PUBLIC SCHOOLS
52 CHAMBERS STREET	NEW YORK	NY	10007	NONE	GOV	FUNDING NYC PUBLIC & PRIVATE SCHOOLS AND LIBRARIES WITH BOOKS, COMPUTERS, SOFTWARE	$637,338
NRDC
40 W 20TH STREET	NEW YORK	NY	10011	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$5,000
PLANNED PARENTHOOD OF NORTHERN NE
784 HERCULES DRIVE SUITE 110	COLCHESTER	VT	05446	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$5,000
RESOURCE A NONPROFIT COMMUNITY ENTERPRISE
329 HARVEST LANE SUITE 200	WILLISTON	VT	05495	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$1,000
RUDOLF STEINER FOUNDATION
1002 OREILLY AVENUE	SAN FRANCISCO	CA	94129	NONE	PC	DONOR ADVISED FUND- PLANNED FOR GIFTS FOR DONEE'S EXEMPT PURPOSE AND CAUSE .	$1,100,000
SAVE THE CHILDREN
501 KINGS HIGHWAY EAST	FAIRFIELD	CT	06825	NONE	PC	FOR THE DONEE'S TAX EXEMPT PURPOSE.	$2,500,000
SHELBURNE CRAFT SCHOOL
PO BOX 52	SHELBURNE	VT	05482	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$5,000
SHELBURNE FARMS
1611 HARBOR ROAD	SHELBURNE	VT	05482	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$25,000
SHELBURNE MUSEUM
PO BOX 10	SHELBURNE	VT	05482	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$2,500
ST PAUL SCHOOL
114 EAST 118 STREET	NEW YORK	NY	10035	NONE	PC	CONTINUED FUNDING FOR ACCELERATED READER PROGRAM, BOOKS AND ADMINISTRATIVE EXPENSES	$465,310
STERN CENTER FOR LANGUAGE AND LEARNING
183 TALCOTT ROAD	WILLISTON	VT	05495	NONE	PC	FOR THE DONEE'S TAX EXEMPT PURPOSE	$5,000
THE INTERVALE CENTER
180 INTERVALE ROAD	BURLINGTON	VT	05401	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$2,500
TWIN RAY ILLUMINATIONS
3313 CABO COURT	CARLSBAD	CA	92009	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$30,000
UNITED NEIGHBORHOOD HOUSES OF NEW YORK
45 BROADWAY SUITE 2210	NEW YORK	NY	10006	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$800,000
VERMONT FOOD BANK
PO BOX 254	SO BARRE	VT	05670	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$2,500
VERMONT WOMEN'S FUND
3 COURT STREET	MIDDLEBURY	VT	05753	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$35,000
VERMONT COMMUNITY FOUNDATION
3 COURT STREET	MIDDLEBURY	VT	05753	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$245,000
WASHINGTON SCHOLARSHIP FUND INC
PO BOX 243	WASHINGTON DEPOT	CT	06794	NONE	PC	UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$11,050,482	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,078	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$4,109,671	ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Exclusion	16	ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Business	523000	BusinessCd
Unrelated Business Taxbl Incm	$130,982	UnrelatedBusinessTaxblIncmAmt
Exclusion	18	ExclusionCd
Exclusion	$47,247,434	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (4 entries)

DescDesc	BusinessBusinessCd	Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt	ExclusionExclusionCd	ExclusionExclusionAmt
ACACIA PARTNERS LP - UBI	523000	$3,494
ACACIA PARTNERS LP	523000		14	$1,378,726
LITIGATION PROCEEDS				$1,856
OTHER INCOME				$7,951

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$134,476	UnrelatedBusinessTaxblIncmAmt
Exclusion	$52,746,716	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$52,881,192	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	$111,094	Amt
Net Investment Income	$33,328	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$77,766	DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

Field	Value	IRS element (for citing)
Asset	ACACIA PARTNERS LP - CAPITAL GAIN UBI	AssetDesc
How Acquired	PURCHASED	HowAcquiredTxt
Sold	2021-12	SoldDt
Gross Sales Price	$130,982	GrossSalesPriceAmt
Basis Method	COST	BasisMethodTxt
Sales Expense	$0	SalesExpenseAmt
Total Net	$130,982	TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (23 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
SEQUOIA FUND	$178,174,741	$217,445,595
ALPHABET INC CAP STK CL C	$3,221,581	$9,673,271
BERKSHIRE HATHAWAY INC DEL CL A	$1,569,640	$2,703,972
BERKSHIRE HATHAWAY INC DEL CL B NEW	$128,159	$428,467
CARMAX INC COM	$4,213,602	$7,793,614
CONSTELLATION SOFTWARE INC COM ISIN#CA21037X1006	$1,431,156	$5,606,265
CREDIT ACCEP CORP MICH COM	$2,445,476	$5,221,554
EUROFINS SCIENTIFICSHS ISLN#FR0000038259	$1,542,525	$4,543,983
META PLATFORMS INC CL A	$4,482,443	$7,762,958
INTERCONTINENTAL EXCHANGE INC.	$2,903,755	$4,045,657
JACOBS ENGR GROUP INC COM	$1,425,051	$3,452,765
LIBERTY BROADBAND CORP COM SER A	$600,012	$1,249,389
LIBERTY BROADBAND CORP COM SER C	$2,161,792	$3,637,638
LIBERTY MEDIA CORP DEL COM SER A FORMULA ONE	$439,898	$613,991
LIBERTY MEDIA CORP DEL COM SER C FORMULA ONE	$2,626,512	$5,284,524
NETFLIX INC	$3,203,427	$3,940,560
PROSUS N V BEARER AND REGISTERED SHS N ISIN#NL0013654783	$3,028,692	$4,010,651
ROLLS-ROYCE HOLDINGS PLC LONDON SHS ISIN#GB00B63H8491	$4,374,770	$3,032,125
SCHWAB CHARLES CORP NEW COM	$2,551,413	$6,155,195
TAIWAN SEMICONDUCTOR MEG CO SPONSORED ADR	$3,749,915	$7,147,737
UNITEDHEALTH GROUP INC COM	$4,513,874	$7,974,987
WALT DISNEY CO	$3,006,829	$3,700,012
WAYFAIR INC CL A	$4,685,632	$5,179,912

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$57,993,022	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$44,693,742	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$0	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$0	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
ACACIA PARTNERS LP	AT COST	$93,684,002	$93,684,002
ANTHEM INC	AT COST	$5,483,551	$7,065,740
MICRON TECHNOLOGY INC	AT COST	$5,500,724	$6,236,486
UNIVERSAL MUSIC GROUP	AT COST	$1,581,183	$4,964,622

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$6,845	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$6,845	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CARMEL HILL READING PROJECT EXPENSES	$1,637,917	$0	$1,637,917
SUBLEASE RENT EXPENSE	$59,170	$59,170	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Net Investment IncomeNetInvestmentIncomeAmt
ACACIA PARTNERS LP - UBI	$3,494	$3,494
ACACIA PARTNERS LP	$1,378,726	$1,378,726	$1,378,726
LITIGATION PROCEEDS	$1,856	$1,856	$1,856
OTHER INCOME	$7,951	$7,951

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING FEES	$140,478	$0	$140,478
PROFESSIONAL DEVELOPMENT	$53,030	$0	$53,030
INVESTMENT MANAGEMENT FEES	$1,115,232	$1,115,232	$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (7 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAX	$1,348,786	$1,348,786	$0
REAL ESTATE TAX	$5,093	$5,093	$0
FEDERAL INCOME TAX	$396,043	$0	$0
NYS-TAXES	$25,000	$0	$0
PAYROLL TAXES	$192,462	$0	$192,462
NYS DOL FEE	$1,500	$0	$0
OTHER TAXES	$25	$0	$0