efile Public Visual Render
ObjectId: 202203199349103100 - Submission: 2022-11-15
TIN: 36-7244615
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
For calendar year 2021, or tax year beginning
01-01-2021
, and ending
12-31-2021
Name of foundation
THE SEARLE FREEDOM TRUST
C/O KINSHIP LLC
Number and street (or P.O. box number if mail is not delivered to street address)
111 NORTH FAIRCHILD STREET STE 300
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON
,
WI
53703
A Employer identification number
36-7244615
B
Telephone number (see instructions)
(608) 710-4200
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
98,241,697
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
416,669
415,758
4
Dividends and interest from securities
...
1,194,144
1,194,144
5a
Gross rents
............
6,151
6,151
b
Net rental income or (loss)
6,151
6a
Net gain or (loss) from sale of assets not on line 10
12,800,796
b
Gross sales price for all assets on line 6a
14,459,893
7
Capital gain net income (from Part IV, line 2)
...
12,089,281
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
353,149
333,235
12
Total.
Add lines 1 through 11
........
14,770,909
14,038,569
13
Compensation of officers, directors, trustees, etc.
1,140,843
97,227
1,023,906
14
Other employee salaries and wages
......
541,336
0
541,336
15
Pension plans, employee benefits
.......
244,642
0
244,642
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
9,362
9,362
0
c
Other professional fees (attach schedule)
....
17
Interest
...............
211,307
211,307
0
18
Taxes (attach schedule) (see instructions)
...
213,559
78,553
0
19
Depreciation (attach schedule) and depletion
...
1,284
0
20
Occupancy
..............
306,201
0
306,201
21
Travel, conferences, and meetings
.......
25,802
0
25,802
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
655,880
503,236
151,197
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
3,350,216
899,685
2,293,084
25
Contributions, gifts, grants paid
.......
24,063,039
24,063,039
26
Total expenses and disbursements.
Add lines 24 and 25
27,413,255
899,685
26,356,123
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-12,642,346
b
Net investment income
(if negative, enter -0-)
13,138,884
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2021)
Page 2
Form 990-PF (2021)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
1
2
Savings and temporary cash investments
.........
8,526,163
6,673,891
6,673,891
3
Accounts receivable
2,400
Less: allowance for doubtful accounts
2,100
2,400
2,400
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
96,116,111
87,272,651
91,165,993
14
Land, buildings, and equipment: basis
157,584
Less: accumulated depreciation (attach schedule)
152,856
2,287
4,728
4,728
15
Other assets (describe
)
448,293
394,685
394,685
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
105,094,955
94,348,355
98,241,697
17
Accounts payable and accrued expenses
..........
378
378
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
140,661
176,057
23
Total liabilities
(add lines 17 through 22)
.........
141,039
176,435
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
104,953,916
94,171,920
29
Total net assets or fund balances
(see instructions)
.....
104,953,916
94,171,920
30
Total liabilities and net assets/fund balances
(see instructions)
.
105,094,955
94,348,355
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
104,953,916
2
Enter amount from Part I, line 27a
.....................
2
-12,642,346
3
Other increases not included in line 2 (itemize)
3
1,860,350
4
Add lines 1, 2, and 3
..........................
4
94,171,920
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
94,171,920
Form
990-PF
(2021)
Page 3
Form 990-PF (2021)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
FLOW THROUGH FROM BENCHMARK CAPITAL V
P
2021-01-01
2021-12-31
b
FLOW THROUGH FROM ADVISORS IV
P
2021-01-01
2021-12-31
c
FLOW THROUGH FROM ENCAP ENERGY FUND V
P
2021-01-01
2021-12-31
d
FLOW THROUGH FROM FOUNDATION CAPITAL V
P
2021-01-01
2021-12-31
e
FLOW THROUGH FROM KTC HEDGE PRODUCTS
P
2021-01-01
2021-12-31
FLOW THROUGH FROM KTC HEDGE PRODUCTS
P
2021-01-01
2021-12-31
FLOW THROUGH FROM KTC STRATEGIC OPPS
P
2021-01-01
2021-12-31
FLOW THROUGH FROM KTC STRATEGIC OPPS
P
2021-01-01
2021-12-31
FLOW THROUGH FROM MADISON DEARBORN CAPITAL IV
P
2021-01-01
2021-12-31
FLOW THROUGH SEC 1231 FROM ADVISORS IV
P
2021-01-01
2021-12-31
FLOW THROUGH SEC 1231 FROM KTC HEDGE
P
2021-01-01
2021-12-31
FLOW THROUGH SEC 1231 FROM SB PARTNERS
P
2021-01-01
2021-12-31
FLOW THROUGH SEC 1256 FROM KTC HEDGE
P
2021-01-01
2021-12-31
FLOW THROUGH SEC 1256 FROM KTC STRATEGIC
P
2021-01-01
2021-12-31
MDCP IV LOSS ON DISPOSITION
P
2021-01-01
2021-12-31
MDCP IV ADVISORS IV LOSS ON DISPOSITION
P
2021-01-01
2021-12-31
FOUNDATION III ADVISORS IV EXCESS DISTRIBUTION GAIN
P
2021-01-01
2021-12-31
SCF V ADVISORS IV LOSS ON DISPOSITION
P
2021-01-01
2021-12-31
SILVERLAKE II ADVISORS IV LOSS ON DISPOSITION
P
2021-01-01
2021-12-31
FLOW THROUGH FROM CERBERUS II ADVISORS IV
P
2021-01-01
2021-12-31
FLOW THROUGH UBTI
P
2021-01-01
2021-12-31
FOUNDATION III ADVISORS IV GAIN ON DISPOSITION
P
2021-01-01
2021-12-31
MDV VII ADVISORS IV GAIN ON SALE OF PACB
P
2021-01-01
2021-12-31
TH LEE EQUITY V ADVISORS IV GAIN ON DISPOSITION
P
2021-01-01
2021-12-31
SECTION 1202 ADJUSTMENT
P
2021-01-01
2021-12-31
VANGUARD FTSE EMERGING MARKET
P
2020-12-16
2021-10-27
ISHARES TR MSCI EAFE INDEX FD
P
2020-02-07
2021-06-28
T ROWE PRICE INSTL L/C CORE
P
2007-08-20
2021-03-26
T ROWE PRICE INSTL L/C CORE
P
2020-01-01
2021-06-28
T ROWE PRICE INSTL L/C CORE
P
2020-01-01
2021-10-27
CAPITAL GAINS DIVIDENDS
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
289
289
b
153,690
153,690
c
0
d
295,978
295,978
e
490,620
490,620
2,038,304
2,038,304
355,915
355,915
497,987
497,987
98
-98
115
115
49
49
247,968
247,968
9,889
-9,889
5,669
-5,669
61,324
-61,324
550,919
-550,919
3,132
3,132
18,522
-18,522
546,679
-546,679
959
959
343,202
-343,202
714
714
231
231
200
200
368,313
-368,313
360,419
-360,419
105,578
-105,578
345,649
345,649
6,568,152
6,568,152
1,505,894
1,505,894
1,954,047
1,954,047
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
289
b
153,690
c
0
d
295,978
e
490,620
2,038,304
355,915
497,987
-98
115
49
247,968
-9,889
-5,669
-61,324
-550,919
3,132
-18,522
-546,679
959
-343,202
714
231
200
-368,313
-360,419
-105,578
345,649
6,568,152
1,505,894
1,954,047
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
12,089,281
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Form
990-PF
(2021)
Page 4
Form 990-PF (2021)
Page
4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
182,630
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
182,630
6
Credits/Payments:
a
2021 estimated tax payments and 2020 overpayment credited to 2021
6a
200,769
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
100,000
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
300,769
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
118,139
11
Enter the amount of line 10 to be:
Credited to 2022 estimated tax
118,139
Refunded
11
0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
FL
,
IL
,
CA
,
VA
,
NY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
If "Yes," complete Part XIII
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2021)
Page 5
Form 990-PF (2021)
Page
5
Part VI-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
ELAINE SIMADIS
Telephone no.
(608) 710-4200
Located at
111 NORTH FAIRCHILD STREET STE 300
MADISON
WI
ZIP+4
53703
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
Yes
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
No
c
Organizations relying on a current notice regarding disaster assistance check here
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2021?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2021, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2021?
....................
2a
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2021 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2021.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021?
..
4b
No
Form
990-PF
(2021)
Page 6
Form 990-PF (2021)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
Yes
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.............
5a(5)
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
........
5b
No
c
Organizations relying on a current notice regarding disaster assistance check
.........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
.................
5d
Yes
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.............................
6a
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
.....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.........................
8
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
D GIDEON SEARLE
TRUSTEE
1.00
0
0
0
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
MICHAEL D SEARLE
FAMILY ADVISOR
0.00
0
0
0
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
STEVEN F HAYWARD
GRANT ADVISOR
1.00
15,000
0
16,305
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
KIMBERLY O DENNIS
EXECUTIVE DIRECTOR
40.00
502,343
82,838
13,698
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
STEPHEN MOORE
GRANT ADVISOR
1.00
13,000
0
13,000
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
JAMES PIERESON
GRANT ADVISOR
1.00
11,000
0
11,000
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
KINSHIP TRUST COMPANY LLC
TRUSTEE
10.00
599,500
0
0
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
ETHAN O MEERS
FAMILY ADVISOR
0.00
0
0
0
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
RICHARD J TREN
PROGRAM OFFICER
40.00
238,148
43,516
10,687
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
COURTNEY E MYERS
PROGRAM OFFICER
40.00
211,578
45,259
5,604
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
JENNIFER E MCDOUGAL
OFFICE MANAGER
40.00
91,610
13,785
905
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2021)
Page 7
Form 990-PF (2021)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
GERARD ALEXANDER
GRANTS IN HIGHER EDUCATION
80,496
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON
,
DC
20007
Total
number of others receiving over $50,000 for professional services
.............
0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part VIII-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2021)
Page 8
Form 990-PF (2021)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
62,336,206
b
Average of monthly cash balances
.......................
1b
7,055,446
c
Fair market value of all other assets (see instructions)
................
1c
41,824,508
d
Total
(add lines 1a, b, and c)
.........................
1d
111,216,160
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
111,216,160
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
1,668,242
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
109,547,918
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
5,477,396
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
5,477,396
2a
Tax on investment income for 2021 from Part V, line 5
.......
2a
182,630
b
Income tax for 2021. (This does not include the tax from Part V.)
...
2b
30,072
c
Add lines 2a and 2b
............................
2c
212,702
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
5,264,694
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
5,264,694
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1
...
7
5,264,694
Part XI
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
26,356,123
b
Program-related investments—total from Part VIII-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
4
26,356,123
Form
990-PF
(2021)
Page 9
Form 990-PF (2021)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2020
(c)
2020
(d)
2021
1
Distributable amount for 2021 from Part X, line 7
5,264,694
2
Undistributed income, if any, as of the end of 2021:
a
Enter amount for 2020 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2021:
a
From 2016
......
11,087,288
b
From 2017
......
11,248,493
c
From 2018
......
16,919,722
d
From 2019
......
19,561,814
e
From 2020
......
19,460,138
f
Total
of lines 3a through e
........
78,277,455
4
Qualifying distributions for 2021 from Part
XI, line 4:
$
26,356,123
a
Applied to 2020, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2021 distributable amount
.....
5,264,694
e
Remaining amount distributed out of corpus
21,091,429
5
Excess distributions carryover applied to 2021.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
99,368,884
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2021. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2022
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2016 not
applied on line 5 or line 7 (see instructions)
...
11,087,288
9
Excess distributions carryover to 2022.
Subtract lines 7 and 8 from line 6a
......
88,281,596
10
Analysis of line 9:
a
Excess from 2017
....
11,248,493
b
Excess from 2018
....
16,919,722
c
Excess from 2019
....
19,561,814
d
Excess from 2020
....
19,460,138
e
Excess from 2021
....
21,091,429
Form
990-PF
(2021)
Page 10
Form 990-PF (2021)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2021
(b)
2020
(c)
2019
(d)
2018
b
85% (0.85) of line 2a
.........
c
Qualifying distributions from Part XI,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed
..
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2021)
Page 11
Form 990-PF (2021)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
AMERICA FIRST POLICY INSTITUTE
1001 PENNSYLVANIA AVE NW SUITE 530
WASHINGTON
,
DC
20004
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
300,000
FREEDOMWORKS FOUNDATION INC
111 K STREET NE
WASHINGTON
,
DC
20002
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
125,000
PHILANTHROPY ROUNDTABLE
1120 20TH STREET NW SUITE 550 SOUTH
WASHINGTON
,
DC
20036
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
450,000
TRUTH IN ACCOUNTING
118 N CLINTON STREET SUITE 206
CHICAGO
,
IL
60661
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
125,000
COPENHAGEN CONSENSUS CENTER
1215 MAIN ST PMB SE132
TEWKSBURY
,
MA
01876
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
24,000
CLAREMONT INSTITUTE
1314 W FOOTHILL BLVD SUITE 120
UPLAND
,
CA
91786
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
50,000
CLAREMONT INSTITUTE
1315 W FOOTHILL BLVD SUITE 120
UPLAND
,
CA
91786
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
50,000
CLAREMONT INSTITUTE
1316 W FOOTHILL BLVD SUITE 120
UPLAND
,
CA
91786
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
30,000
CLAREMONT INSTITUTE
1317 W FOOTHILL BLVD SUITE 120
UPLAND
,
CA
91786
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
50,000
MACKINAC CENTER FOR PUBLIC POLICY
1400 WEST MAIN PO BOX 568
MIDLAND
,
MI
48640
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
350,000
FOUNDATION FOR GOVERNMENT ACCOUNTABILITY
15275 COLLIER BLVD SUITE 201-279
NAPLES
,
FL
34119
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
400,000
FOUNDATION FOR GOVERNMENT ACCOUNTABILITY
15276 COLLIER BLVD SUITE 201-279
NAPLES
,
FL
34119
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
400,000
PEOPLE UNITED FOR PRIVACY FOUNDATION
1655 NORTH FORT MYER DRIVE SUITE
360
ARLINGTON
,
VA
22209
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
100,000
FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
1776 I STREET NW SUITE 300
WASHINGTON
,
DC
20006
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
203,600
AMERICANS FOR FAIR TREATMENT
225 STATE STREET SUITE 301
HARRISBURG
,
PA
17101
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
75,000
LINCOLN NETWORK
2443 FILLMORE ST 380-3386
SAN FRANCISCO
,
CA
94115
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
150,000
SAGAMORE INSTITUTE
2902 NO MERIDIAN ST
INDIANAPOLIS
,
IN
46205
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
200,000
EMPIRE CENTER FOR PUBLIC POLICY
30 S PEARL STREET SUITE 1210
ALBANY
,
NY
12207
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
75,000
AMERICAN CULTURE FOUNDATION
300 S RIVERSIDE PLAZA SUITE 1650
CHICAGO
,
IL
60606
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
75,000
INSTITUTE FOR THE AMERICAN WORKER
38274 ALFALFA COURT
HAMILTON
,
VA
20158
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
75,000
CENTER FOR UNION FACTS
3900 ESSEN LANE 1200
HOUSTON
,
TX
77027
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
50,000
AMERICAN UNIVERSITY
4400 MASSACHUSETTS AVENUE NW
WASHINGTON
,
DC
20016
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
25,000
GEORGE MASON UNIVERSITY FOUNDATION
4400 UNIVERSITY DRIVE MS 1A3
FAIRFAX
,
VA
22030
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
700,000
PARENTS DEFENDING EDUCATION
4532 LEE HWY 119
ARLINGTON
,
VA
22207
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
250,000
CENTER FOR INDEPENDENT THOUGHT
50 MONUMENT ROAD SUITE 102
BALA CYNWYD
,
PA
19004
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
150,000
LUCY BURNS INSTITUTE
8383 GREENWAY BLVD SUITE 600
MIDDLETON
,
WI
53562
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
200,000
GALEN INSTITUTE
PO BOX 130
PAEONIAN SPRINGS
,
VA
20129
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
300,000
FREEDOM FOUNDATION
PO BOX 522
OLYMPIA
,
WA
98507
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
250,000
PACIFIC RESEARCH INSTITUTE
PO BOX 60485
SAN FRANCISCO
,
CA
91116
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
125,000
INSTITUTE FOR HUMANE STUDIES
VERNON SMITH HALL 3434 WASHINTON
BLVD 1ST FLOOR
ARLINGTON
,
VA
22201
OTHER PUBLIC CHARITY
EDUCATION AND OUTREACH
100,000
FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
1776 I STREET NW SUITE 300
WASHINGTON
,
DC
20006
OTHER PUBLIC CHARITY
FELLOWSHIPS
348,500
PROPERTY AND ENVIRONMENT RESEARCH CENTER
2049 ANALYSIS DRIVE SUITE A
BOZEMAN
,
MT
59718
OTHER PUBLIC CHARITY
FELLOWSHIPS
50,000
NEW YORK UNIVERSITY SCHOOL OF LAW
22 WASHINGTON SQUARE NORTH
NEW YORK
,
NY
10011
OTHER PUBLIC CHARITY
FELLOWSHIPS
77,000
INDIANA UNIVERSITY FOUNDATION
513 N PARK AVENUE
BLOOMINGTON
,
IN
47401
OTHER PUBLIC CHARITY
FELLOWSHIPS
64,000
KINSHIP FOUNDATION
PO BOX 1707
MADISON
,
WI
53701
OTHER PUBLIC CHARITY
FELLOWSHIPS
60,000
INSTITUTE FOR HUMANE STUDIES
VERNON SMITH HALL 3434 WASHINTON
BLVD 1ST FLOOR
ARLINGTON
,
VA
22201
OTHER PUBLIC CHARITY
FELLOWSHIPS
275,000
VMTS EDUCATION INC
137 N MONTAGUE STREET 132
BROOKLYN
,
NY
11201
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
300,000
PRAGER UNIVERSITY FOUNDATION
15021 VENTURA BLVD 552
SHERMAN OAKS
,
CA
91403
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
150,000
CAPITAL RESEARCH CENTER
1513 16TH STREET NW
WASHINGTON
,
DC
20036
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
75,000
ILLINOIS POLICY INSTITUTE
300 S RIVERSIDE PLAZA SUITE 1650
CHICAGO
,
IL
60606
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
300,000
MOVING PICTURE INSTITUTE
375 GREENWICH STREET
NEW YORK
,
NY
10013
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
460,000
EMERGENT ORDER FOUNDATION
4449 FRONTIER TRAIL
AUSTIN
,
TX
78745
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
250,000
EMERGENT ORDER FOUNDATION
4450 FRONTIER TRAIL
AUSTIN
,
TX
78745
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
60,000
TALIESIN NEXUS
453 S SPRING STREET 222
LOS ANGELES
,
CA
90013
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
200,000
BALAKER MEDIA FOUNDATION
5255 S MISSION ROAD STE 703 323
BONSALL
,
CA
92003
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
61,600
BALAKER MEDIA FOUNDATION
5256 S MISSION ROAD STE 703 323
BONSALL
,
CA
92003
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
60,000
REASON FOUNDATION
5737 MESMER AVENUE
LOS ANGELES
,
CA
90230
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
600,000
INSTITUTE FOR JUSTICE
901 N GLEBE ROAD SUITE 900
ARLINGTON
,
VA
22203
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
50,000
CALVIN COOLIDGE PRESIDENTIAL FOUNDATION INC
PO BOX 97
PLYMOUTH
,
VT
05056
OTHER PUBLIC CHARITY
FILM AND NEW MEDIA
100,000
THE DAILY CALLER NEWS FOUNDATION
1737 H STREET NW SUITE 100
WASHINGTON
,
DC
20006
OTHER PUBLIC CHARITY
JOURNALISM
230,000
FRANKLIN NEWS FOUNDATION
20 N CLARK STREET SUITE 3300
CHICAGO
,
IL
60602
OTHER PUBLIC CHARITY
JOURNALISM
300,000
REAL CLEAR FOUNDATION
666 DUNDEE ROAD BLDG 600
NORTHBROOK
,
IL
60062
OTHER PUBLIC CHARITY
JOURNALISM
400,000
STUDENT FREE PRESS ASSOCIATION
PO BOX 76
HILLSDALE
,
MI
49242
OTHER PUBLIC CHARITY
JOURNALISM
125,000
INSTITUTE FOR FREE SPEECH
1150 CONNECTICUT AVENUE NW SUITE
801
WASHINGTON
,
DC
20036
OTHER PUBLIC CHARITY
LITIGATION
100,000
NATIONAL TAXPAYERS UNION FOUNDATION
122 C STREET NW SUITE 650
WASHINGTON
,
DC
20001
OTHER PUBLIC CHARITY
LITIGATION
200,000
NEW CIVIL LIBERTIES ALLIANCE
1225 19TH STREET NW SUITE 450
WASHINGTON
,
DC
20036
OTHER PUBLIC CHARITY
LITIGATION
300,000
SPEECH FIRST
1300 I STREET NW SUITE 400E
WASHINGTON
,
DC
20005
OTHER PUBLIC CHARITY
LITIGATION
125,000
HAMILTON LINCOLN LAW INSTITUTE
1629 K ST NW SUITE 300
WASHINGTON
,
DC
20006
OTHER PUBLIC CHARITY
LITIGATION
300,000
CONSUMERS' RESEARCH
1701 F STREET
WASHINGTON
,
DC
20006
OTHER PUBLIC CHARITY
LITIGATION
400,000
PROPERTY AND ENVIRONMENT RESEARCH CENTER
2048 ANALYSIS DRIVE SUITE A
BOZEMAN
,
MT
59718
OTHER PUBLIC CHARITY
LITIGATION
100,000
LIBERTY JUSTICE CENTER
208 S LASALLE STREET SUITE 1690
CHICAGO
,
IL
60604
OTHER PUBLIC CHARITY
LITIGATION
200,000
WISCONSIN INSTITUTE FOR LAW AND LIBERTY
330 E KILBOURN SUITE 725
MILWAUKEE
,
WI
53202
OTHER PUBLIC CHARITY
LITIGATION
250,000
GEORGE MASON UNIVERSITY FOUNDATION
4400 UNIVERSITY DRIVE MS 1A3
FAIRFAX
,
VA
22030
OTHER PUBLIC CHARITY
LITIGATION
275,000
GEORGE MASON UNIVERSITY FOUNDATION
4400 UNIVERSITY DRIVE MS 1A3
FAIRFAX
,
VA
22030
OTHER PUBLIC CHARITY
LITIGATION
325,000
GOLDWATER INSTITUTE
500 E CORONADO ROAD
PHOENIX
,
AZ
85004
OTHER PUBLIC CHARITY
LITIGATION
250,000
THE FAIRNESS CENTER
500 N THIRD STREET FLOOR 2
HARRISBURG
,
PA
17101
OTHER PUBLIC CHARITY
LITIGATION
150,000
FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION
511 WALNUT STREET SUITE 1250
PHILADELPHIA
,
PA
19106
OTHER PUBLIC CHARITY
LITIGATION
125,000
PACIFIC LEGAL FOUNDATION
555 CAPITOL MALL SUITE 1290
SACRAMENTO
,
CA
95814
OTHER PUBLIC CHARITY
LITIGATION
500,000
TEXAS PUBLIC POLICY FOUNDATION
901 CONGRESS AVENUE
AUSTIN
,
TX
78701
OTHER PUBLIC CHARITY
LITIGATION
200,000
INSTITUTE FOR JUSTICE
901 N GLEBE ROAD SUITE 900
ARLINGTON
,
VA
22203
OTHER PUBLIC CHARITY
LITIGATION
100,000
CENTER FOR AMERICAN LIBERTY
PO BOX 26141
ALEXANDRIA
,
VA
22313
OTHER PUBLIC CHARITY
LITIGATION
200,000
FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
1776 I STREET NW SUITE 300
WASHINGTON
,
DC
20006
OTHER PUBLIC CHARITY
ONLINE EDUCATION
319,850
CATO INSTITUTE
1000 MASSACHUSETTS AVENUE NW
WASHINGTON
,
DC
20001
OTHER PUBLIC CHARITY
RESEARCH
100,000
CATO INSTITUTE
1001 MASSACHUSETTS AVENUE NW
WASHINGTON
,
DC
20001
OTHER PUBLIC CHARITY
RESEARCH
200,000
CATO INSTITUTE
1002 MASSACHUSETTS AVENUE NW
WASHINGTON
,
DC
20001
OTHER PUBLIC CHARITY
RESEARCH
200,000
INSTITUTE FOR ENERGY RESEARCH
1155 15TH STREET NW SUITE 900
WASHINGTON
,
DC
20005
OTHER PUBLIC CHARITY
RESEARCH
80,000
INSTITUTE FOR ENERGY RESEARCH
1155 15TH STREET NW SUITE 900
WASHINGTON
,
DC
20005
OTHER PUBLIC CHARITY
RESEARCH
85,000
HUDSON INSTITUTE
1201 PENNSYLVANIA AVENUE SUITE 400
WASHINGTON
,
DC
20004
OTHER PUBLIC CHARITY
RESEARCH
150,000
NATIONAL TAXPAYERS UNION FOUNDATION
122 C STREET NW SUITE 650
WASHINGTON
,
DC
20001
OTHER PUBLIC CHARITY
RESEARCH
100,000
COMPETITIVE ENTERPRISE INSTITUTE
1310 L STREET 7TH FLOOR
WASHINGTON
,
DC
20005
OTHER PUBLIC CHARITY
RESEARCH
500,000
TAX FOUNDATION
1325 G STREET NW SUITE 950
WASHINGTON
,
DC
20005
OTHER PUBLIC CHARITY
RESEARCH
300,000
ENERGY AND ENVIRONMENT LEGAL INSTITUTE
1350 BEVERLY ROAD 115-445
MCLEAN
,
VA
22101
OTHER PUBLIC CHARITY
RESEARCH
60,000
CAPITAL RESEARCH CENTER
1514 16TH STREET NW
WASHINGTON
,
DC
20036
OTHER PUBLIC CHARITY
RESEARCH
50,000
CO2 COALITION
1621 N KENT STREET SUITE 603
ARLINGTON
,
VA
22209
OTHER PUBLIC CHARITY
RESEARCH
100,000
STATE POLICY NETWORK
1655 NORTH FORT MYER DRIVE SUITE 36
ARLINGTON
,
VA
22209
OTHER PUBLIC CHARITY
RESEARCH
330,000
STATE POLICY NETWORK
1655 NORTH FORT MYER DRIVE SUITE 36
ARLINGTON
,
VA
22209
OTHER PUBLIC CHARITY
RESEARCH
60,000
STATE POLICY NETWORK
1655 NORTH FORT MYER DRIVE SUITE 36
ARLINGTON
,
VA
22209
OTHER PUBLIC CHARITY
RESEARCH
303,500
STATE POLICY NETWORK
1655 NORTH FORT MYER DRIVE SUITE 36
ARLINGTON
,
VA
22209
OTHER PUBLIC CHARITY
RESEARCH
296,150
AMERICAN ENTERPRISE INSTITUTE
1789 MASSACHUSETTS AVENUE NW
WASHINGTON
,
DC
20036
OTHER PUBLIC CHARITY
RESEARCH
1,250,000
NATIONAL AFFAIRS
1789 MASSACHUSETTS AVENUE NW
WASHINGTON
,
DC
20036
OTHER PUBLIC CHARITY
RESEARCH
250,000
DONORS TRUST
1800 DIAGONAL ROAD SUITE 280
ALEXANDRIA
,
VA
22314
OTHER PUBLIC CHARITY
RESEARCH
150,000
FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY
201 WEST FIFTH STREET SUITE 1100
AUSTIN
,
TX
78701
OTHER PUBLIC CHARITY
RESEARCH
75,000
PROPERTY AND ENVIRONMENT RESEARCH CENTER
2048 ANALYSIS DRIVE SUITE A
BOZEMAN
,
MT
59718
OTHER PUBLIC CHARITY
RESEARCH
255,000
CUNY RESEARCH FOUNDATION
2900 BEDFORD AVENUE
BROOKLYN
,
NY
11210
OTHER PUBLIC CHARITY
RESEARCH
8,600
AMERICAN LEGISLATIVE EXCHANGE COUNCIL
2900 CRYSTAL DRIVE 6TH FLOOR
ARLINGTON
,
VA
22202
OTHER PUBLIC CHARITY
RESEARCH
325,000
AMERICAN CULTURE FOUNDATION
300 S RIVERSIDE PLAZA SUITE 1625
CHICAGO
,
IL
60606
OTHER PUBLIC CHARITY
RESEARCH
100,000
GEORGIA CENTER FOR OPPORTUNITY
333 RESEARCH COURT SUITE 210
PEACHTREE CORNERS
,
GA
30092
OTHER PUBLIC CHARITY
RESEARCH
250,000
MERCATUS CENTER
3434 WASHINGTON BOULEVARD 4TH FLOOR
ARLINGTON
,
VA
22201
OTHER PUBLIC CHARITY
RESEARCH
350,000
MERCATUS CENTER
3434 WASHINGTON BOULEVARD 4TH FLOOR
ARLINGTON
,
VA
22201
OTHER PUBLIC CHARITY
RESEARCH
200,000
HEARTLAND INSTITUTE
3939 NORTH WILKE ROAD
ARLINGTON HEIGHTS
,
IL
60004
OTHER PUBLIC CHARITY
RESEARCH
87,500
PURDUE UNIVERSITY
403 W WOOD STREET
WEST LAYFAYETTE
,
IN
47907
OTHER PUBLIC CHARITY
RESEARCH
110,720
HOOVER INSTITUTION
434 GALVEZ MALL
STANFORD
,
CA
94305
OTHER PUBLIC CHARITY
RESEARCH
80,000
GEORGE MASON UNIVERSITY FOUNDATION
4400 UNIVERSITY DRIVE MS 1A3
FAIRFAX
,
VA
22030
OTHER PUBLIC CHARITY
RESEARCH
300,000
FRASER INSTITUTE
1055 THOMAS JEFFERSON ST
WASHINGTON
,
DC
20007
OTHER PUBLIC CHARITY
RESEARCH
125,000
FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION
510 WALNUT STREET SUITE 1250
PHILADELPHIA
,
PA
19106
OTHER PUBLIC CHARITY
RESEARCH
125,000
MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
OTHER PUBLIC CHARITY
RESEARCH
200,000
MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
OTHER PUBLIC CHARITY
RESEARCH
200,000
MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
OTHER PUBLIC CHARITY
RESEARCH
300,000
REASON FOUNDATION
5737 MESMER AVENUE
LOS ANGELES
,
CA
90230
OTHER PUBLIC CHARITY
RESEARCH
250,000
GEORGE WASHINGTON UNIVERSITY
805 21ST ST NW SUITE 600
WASHINGTON
,
DC
20052
OTHER PUBLIC CHARITY
RESEARCH
400,000
WIREPOINTS CORP
820 LAKE AVENUE
WILMETTE
,
IL
60091
OTHER PUBLIC CHARITY
RESEARCH
125,000
BUCKEYE INSTITUTE
88 EAST BROAD ST SUITE 1300
COLUMBUS
,
OH
43215
OTHER PUBLIC CHARITY
RESEARCH
100,000
COMMITTEE TO UNLEASH PROSPERITY
9008 BELMART ROAD
POTOMAC
,
MD
20854
OTHER PUBLIC CHARITY
RESEARCH
250,000
INSTITUTE FOR JUSTICE
901 N GLEBE ROAD SUITE 900
ARLINGTON
,
VA
22203
OTHER PUBLIC CHARITY
RESEARCH
350,000
TEXAS PUBLIC POLICY FOUNDATION
902 CONGRESS AVENUE
AUSTIN
,
TX
78701
OTHER PUBLIC CHARITY
RESEARCH
100,000
PACIFIC RESEARCH INSTITUTE
PO BOX 60485
PASEDENA
,
CA
91116
OTHER PUBLIC CHARITY
RESEARCH
100,000
PACIFIC RESEARCH INSTITUTE
PO BOX 60485
PASEDENA
,
CA
91116
OTHER PUBLIC CHARITY
RESEARCH
25,000
PACIFIC RESEARCH INSTITUTE
PO BOX 60485
PASEDENA
,
CA
91116
OTHER PUBLIC CHARITY
RESEARCH
25,000
UNIVERSITY OF PENNSYLVANIA
UNIVERSITY OF PHILADELPHIA
PHILADELPHIA
,
PA
19104
OTHER PUBLIC CHARITY
RESEARCH
208,000
FLOW THROUGH CONTRIBUTIONS FROM KTC HEDGE PRODUCTS LLC
PO BOX 1707
MADISON
,
WI
53701
OTHER PUBLIC CHARITY
THE UNRESTRICTED USE OF THE CHARITY
19
Total
.................................
3a
24,063,039
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2021)
Page 12
Form 990-PF (2021)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
14
1,194,144
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
416,669
4
Dividends and interest from securities
....
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
14
6,151
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
12,800,796
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
14,770,909
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
14,770,909
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2021)
Page 13
Form 990-PF (2021)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2022-11-15
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2021)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description