Instrumentl eFile Render
Object ID: 202203189349105705 - Rendered 2024-10-24
TIN: 05-0426623
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
WARREN ALPERT FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
90 ELM STREET 2
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PROVIDENCE
,
RI
02903
A Employer identification number
05-0426623
B
Telephone number (see instructions)
(401) 383-1331
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)
$
581,165,584
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
4
Dividends and interest from securities
...
10,260,942
8,774,835
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
40,147,087
b
Gross sales price for all assets on line 6a
238,873,430
7
Capital gain net income (from Part IV, line 2)
...
50,690,154
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)
.......
0
2,136,264
12
Total.
Add lines 1 through 11
........
50,408,029
61,601,253
13
Compensation of officers, directors, trustees, etc.
1,056,851
153,109
903,742
14
Other employee salaries and wages
......
110,556
0
110,556
15
Pension plans, employee benefits
.......
50,682
0
50,682
16a
Legal fees (attach schedule)
.........
29,480
0
29,480
b
Accounting fees (attach schedule)
.......
120,972
0
120,972
c
Other professional fees (attach schedule)
....
34,475
1,470,305
23,744
17
Interest
...............
300,818
18
Taxes (attach schedule) (see instructions)
...
723,503
174,232
21,996
19
Depreciation (attach schedule) and depletion
...
18,835
0
20
Occupancy
..............
69,897
0
69,897
21
Travel, conferences, and meetings
.......
5,471
0
5,471
22
Printing and publications
..........
295
0
295
23
Other expenses (attach schedule)
.......
698,328
1,184,621
335,412
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
2,919,345
3,283,085
1,672,247
25
Contributions, gifts, grants paid
.......
24,811,219
24,811,219
26
Total expenses and disbursements.
Add lines 24 and 25
27,730,564
3,283,085
26,483,466
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
22,677,465
b
Net investment income
(if negative, enter -0-)
58,318,168
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2021)
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
.............
427,354
302,390
302,390
2
Savings and temporary cash investments
.........
4,688,602
4,596,064
4,596,064
3
Accounts receivable
Less: allowance for doubtful accounts
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)
66,295,309
79,211,762
79,432,431
b
Investments—corporate stock (attach schedule)
.......
209,578,764
215,052,720
308,024,772
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)
..........
116,591,592
121,114,984
188,748,403
14
Land, buildings, and equipment: basis
195,278
Less: accumulated depreciation (attach schedule)
133,754
80,358
61,524
61,524
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
397,661,979
420,339,444
581,165,584
17
Accounts payable and accrued expenses
..........
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
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
397,661,979
420,339,444
29
Total net assets or fund balances
(see instructions)
.....
397,661,979
420,339,444
30
Total liabilities and net assets/fund balances
(see instructions)
.
397,661,979
420,339,444
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
397,661,979
2
Enter amount from Part I, line 27a
.....................
2
22,677,465
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
420,339,444
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
420,339,444
Form
990-PF
(2021)
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
COMERICA CUSTORY ACCT
P
2021-01-01
2021-12-31
b
PARTNERSHIP FLOW-THROUGH - 1231
P
2021-01-01
2021-12-31
c
PARTNERSHIP FLOW-THROUGH - ST
P
2021-01-01
2021-12-31
d
PARTNERSHIP FLOW-THROUGH - LP
P
2021-01-01
2021-12-31
e
(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
228,252,511
177,562,357
50,690,154
b
1,135,253
1,135,253
0
c
39,091
39,091
0
d
9,446,575
9,446,575
0
e
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
50,690,154
b
0
c
0
d
0
e
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
50,690,154
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)
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
810,623
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
810,623
6
Credits/Payments:
a
2021 estimated tax payments and 2020 overpayment credited to 2021
6a
514,466
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
370,000
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
884,466
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
73,843
11
Enter the amount of line 10 to be:
Credited to 2022 estimated tax
73,843
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)
DE
,
MA
,
NY
,
RI
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)
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
WARRENALPERTFOUNDATION.ORG
14
The books are in care of
KIM FRANCIS
Telephone no.
(401) 383-1331
Located at
90 ELM STREET
PROVIDENCE
RI
ZIP+4
02903
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)
No
(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
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)
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)
No
(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
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
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
JEFFREY A WALKER
DIRECTOR/SECRETARY/GEN COUNSEL
2.00
105,520
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
JOHN DZIEDZIC
DIRECTOR
2.00
62,500
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
JOSEPH B MARTIN
DIRECTOR/CHAIRMAN
5.00
103,750
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
AUGUST SCHIESSER
DIRECTOR/EXEC DIR/PRESIDENT/TREASURER
30.00
317,485
35,526
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
DANIEL SCHMITT
DIRECTOR
2.00
89,750
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
GREGORY KANEB
DIRECTOR
2.00
77,750
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
DAVID HIRSCH
DIRECTOR
2.00
79,750
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
JOHN CLUNAN
DIRECTOR
1.50
1,096
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
BARBARA MCNEIL
DIRECTOR
1.50
61,750
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
FRED J SCHIFFMAN
DIRECTOR
1.50
79,750
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
ROBERT H BROWN JR
DIRECTOR
2.00
77,750
0
0
90 ELM STREET 2
PROVIDENCE
,
RI
02903
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
KIM FRANCIS
OFFICE MANAGER
37.50
88,230
14,881
0
90 ELM STREET
PROVIDENCE
,
RI
02903
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2021)
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
MORGAN STANLEY
INVESTMENT ADVISORY
297,662
1300 THAMES STREET WHARF
BALTIMORE
,
MD
21231
KPMG
ACCOUNTING/TAX SERVICES
119,180
PO BOX 120511
DALLAS
,
TX
75312
UBS
INVESTMENT ADVISORY
85,459
1000 HARBOR BLVD
WEEHAEKEN
,
NY
07086
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)
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
519,646,859
b
Average of monthly cash balances
.......................
1b
829,044
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
520,475,903
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
520,475,903
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
7,807,139
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
512,668,764
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
25,633,438
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
25,633,438
2a
Tax on investment income for 2021 from Part V, line 5
.......
2a
810,623
b
Income tax for 2021. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
810,623
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
24,822,815
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
24,822,815
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
24,822,815
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
26,483,466
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
26,483,466
Form
990-PF
(2021)
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
24,822,815
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
......
b
From 2017
......
275,933
c
From 2018
......
332,841
d
From 2019
......
e
From 2020
......
f
Total
of lines 3a through e
........
608,774
4
Qualifying distributions for 2021 from Part
XI, line 4:
$
26,483,466
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
.....
24,822,815
e
Remaining amount distributed out of corpus
1,660,651
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
2,269,425
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)
...
0
9
Excess distributions carryover to 2022.
Subtract lines 7 and 8 from line 6a
......
2,269,425
10
Analysis of line 9:
a
Excess from 2017
....
275,933
b
Excess from 2018
....
332,841
c
Excess from 2019
....
d
Excess from 2020
....
e
Excess from 2021
....
1,660,651
Form
990-PF
(2021)
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 e-mail address of the person to whom applications should be addressed:
THE WARREN ALPERT FOUNDATION
90 ELM STREET - SUITE 2
PROVIDENCE
,
RI
02903
(401) 383-1331
INFO@WARRENALPERTFOUNDATION.ORG
b
The form in which applications should be submitted and information and materials they should include:
RESEARCH GRANT APPLICATION, GENERAL GRANT APPLICATION, DISTINGUISHED SCHOLARS APPLICATION. ALL SHOULD INCLUDE TITLE, SUMMARY, PRINCIPAL INVESTIGATOR OR NAME OF ORGANIZATION, AMOUNT REQUESTED, BUDGET AND BACKGROUND. APART FROM THE WARREN ALPERT DISTINGUISHED SCHOLARS FELLOWSHIP AND THE WARREN ALPERT FOUNDATION PRIZE, THERE ARE NO SUBMISSION DEADLINES FOR GRANT AWARDS.
c
Any submission deadlines:
11/1 FOR DISTINGUISHED SCHOLARS FELLOWSHIP. 11/1 FOR WARREN ALPERT FOUNDATION PRIZE.
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WITH THE EXCEPTION TO WADS PROGRAM, WHICH IS RESTRICTED TO US MEDICAL SCHOOLS, THERE ARE NO OTHER LIMITATIONS OR RESTRICTIONS.
Form
990-PF
(2021)
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
ALZHEIMER ASSOCIATION OF MANH CHAPTER
309 WAVERLY OAKS ROAD
WALTHAM
,
MA
02452
NONE
PC
DONATION
12,000
AMOS HOUSE
460 PINE STREET
PROVIDENCE
,
RI
02907
NONE
PC
DONATION
2,000
APPALACHIAN MOUNTAIN CLUB
10 CITY SQUARE STE 2
BOSTON
,
MA
02129
NONE
PC
DONATION
25,000
ARM FOUNDATION FOR CELL&GENE MEDICINE
1340 SMITH AVE STE 200
BALTIMORE
,
MD
21209
NONE
PC
DONATION
100,000
BAYLOR COLLEGE OF MEDICINE
ONE BAYLOR PLAZA
HOUSTON
,
TX
77030
NONE
PC
DONATION - EDUCATION
200,000
BETH ISRAEL DEACONESS MEDICAL CENTER
330 BROOKLINE AVE
BOSTON
,
MA
02215
NONE
PC
DONATION
5,000
BOARD OF REGENTS UNIVERSITY OF WISCONSIN
21 N PARK STREET
MADISON
,
WI
53715
NONE
PC
DONATION - EDUCATION
200,000
BOSTON HEALTHCARE FOR THE HOMELESS PROGRAM
780 ALBANY STREET
BOSTON
,
MA
02118
NONE
PC
DONATION
10,000
BOSTON MEDICAL CENTER
600 HARRISON AVENUE
BOSTON
,
MA
02118
NONE
PC
DONATION
330,000
BROOKLINE COMMUNITY FOUNDATION
40 WEBSTER STREET
BROOKLINE
,
MA
02445
NONE
PC
DONATION
15,000
BROWN UNIVERSITY
PO BOX G-A1
PROVIDENCE
,
RI
02912
NONE
PC
DONATION - EDUCATION
9,917,379
BUTLER HOSPITAL FOUNDATION
345 BLACKSTONE BLVD
PROVIDENCE
,
RI
02906
NONE
PC
DONATION
535,711
CATHOLIC SOCIAL SVSDIOCESE OF PROVIDENCE
1 CATHEDRAL SQUARE
PROVIDENCE
,
RI
02905
NONE
PC
DONATION
20,000
COMMUNITY PREPARATORY SCHOOL
135 PRAIRIE AVE
PROVIDENCE
,
RI
02905
NONE
PC
DONATION - EDUCATION
36,000
CROSS CATHOLIC OUTREACH
2700 N MILITARY TRAIL
BOCA RATON
,
FL
334273908
NONE
PC
DONATION
1,500
DORCAS INTERNATIONAL INSTITUTE OF RHODE ISLAND INC
645 ELMWOOD AVE
PROVIDENCE
,
RI
02907
NONE
PC
DONATION
30,000
ELDER SERVICES OF WORCHESTER AREA INC
67 MILLBROOK STREET
WORCESTER
,
MA
01606
NONE
PC
DONATION
10,000
ETHOS
555 AMORY STREET
JAMAICA PLAIN
,
MA
02130
NONE
PC
DONATION - HEALTH
10,000
FARA
51 CHOPMIST HILL RD
CHEPACHET
,
RI
02814
NONE
PC
DONATION
500
FRAMINGHAM STATE UNIVERSITY FOUNDATION
100 STATE STREET
FRAMINGHAM
,
MA
01702
NONE
PC
DONATION
10,000
HARVARD MEDICAL SCHOOL
25 SHATTUCK STREET
BOSTON
,
MA
02115
NONE
PC
DONATION
4,548,947
HELPLINE HOUSE
282 KNECHTEL WAY NE
BAINBRIDGE ISLAND
,
WA
98110
NONE
PC
DONATION
25,000
HOLY FAMILY HOME FOR MOTHERS & CHILDREN
978 BRANCH AVE
PROVIDENCE
,
RI
02904
NONE
PC
DONATION
10,000
HOPE HOSPICE & PALLIATIVE CARE RHODE ISLAND
1085 N MAIN STREET
PROVIDENCE
,
RI
02904
NONE
PC
DONATION
10,000
JEWISH ALLIANCE OF GREATER RI
401 ELMGROVE AVE
PROVIDENCE
,
RI
02906
NONE
PC
DONATION - OTHER
20,000
JEWISH COMMUNITY DAY SCHOOL OF RI
85 TAFT AVE
PROVIDENCE
,
RI
02906
NONE
PC
DONATION - EDUCATION
75,000
JOAN A STEITZ
45 PROSPECT HILL RD
BRANFORD
,
CT
06405
NONE
NONE
PRIZE AWARD
250,000
JUNIOR ACHIEVEMENT OF RI
120 WATERMAN ST
PROVIDENCE
,
RI
02906
NONE
PC
DONATION - OTHER
75,000
LYNNE E MAQUAT
1484 EAST AVENUE
ROCHESTER
,
NY
14610
NONE
NONE
PRIZE AWARD
125,000
MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION
415 CROSSWAYS PARK DRIVE
WOODBURY
,
NY
11797
NONE
PC
DONATION
10,000
MAYO CLINIC
200 FIRST ST SW
ROCHESTER
,
MN
55905
NONE
PC
DONATION
10,000
MEALS ON WHEELS OF RI INC
70 BATH STRET
PROVIDENCE
,
RI
02908
NONE
PC
DONATION
10,000
MEDICAL UNIVERSITY OF SOUTH CAROLINA
171 ASHLEY AVE
CHARLESTON
,
SC
29425
NONE
PC
DONATION
25,000
MEMORIAL SLOAN KETTERING CANCER CENTER
1275 YORK AVENUE
NEW YORK
,
NY
10065
NONE
PC
DONATION
2,200,000
OREGON HEALTH AND SCIENCE UNIVERSITY
PO BOX 3003
PORTLAND
,
OR
97208
NONE
PC
DONATION
200,000
PACE RI
225 CHAPMAN STREET
PROVIDENCE
,
RI
02905
NONE
PC
DONATION
25,000
PAN MASS CHALLENGEJIMMY FUND
1 OLD CART PATH
ACTON
,
MA
01720
NONE
PC
DONATION
300,000
PINE STREET INN
444 HARRISON AVE
BOSTON
,
MA
02118
NONE
PC
DONATION
10,000
PRESIDENT AND FELLOWS OF HARVARD COLLEGE
PO BOX 415649
BOSTON
,
MA
022415649
NONE
PC
DONATION - EDUCATION
787,711
PROVIDENCE PROMISE
TWO REGENCY PLACE - STE 4
PROVIDENCE
,
RI
02903
NONE
PC
DONATION
25,000
READ TO SUCCEED
6 WATER VALLEY RD
HOPE
,
RI
02831
NONE
PC
DONATION
35,000
RENSSELAER POLYTECHNIC INSTITUTE
PO BOX 3164
BOSTON
,
MA
02241
NONE
PC
DONATION
525,000
RHODE ISLAND COMMUNITY FOOD BANK ASSOCIATION
200 NIANTIC AVE
PROVIDENCE
,
RI
02907
NONE
PC
DONATION
35,000
RHODE ISLAND HOSPITAL
139 POINT STREET
PROVIDENCE
,
RI
02903
NONE
PC
DONATION
804,668
ROGERSON HOUSE
1 FLORENCE STREET
BOSTON
,
MA
02131
NONE
PC
DONATION
13,000
ROSIE'S PLACE
PO BOX 51399
BOSTON
,
MA
02205
NONE
PC
DONATION
10,000
SAMARITANS OF FRNB INC
PO BOX 1333
WESTPORT
,
MA
02790
NONE
PC
DONATION
15,000
SHERILL HOUSE INC
135 SOUTH HUNTINGTON AVE
BOSTON
,
MA
02130
NONE
PC
DONATION
25,000
ST FRANCIS HOUSE
39 BOYLSTON ST
BOSTON
,
MA
02118
NONE
PC
DONATION
5,000
ST MARY ACADEMY-BAY VIEW
3070 PAWTUCKET AVE
RIVERSIDE
,
RI
02915
NONE
PC
DONATION
25,000
STANFORD UNIVERSITY
PO BOX 44253
SAN FRANCISCO
,
CA
94144
NONE
PC
DONATION - EDUCATION
300,000
THE BROAD INSTITUTE
415 CAMBRIDGE ST
CAMBRIDGE
,
MA
02142
NONE
PC
DONATION
200,000
THE GREATER BOSTON FOOD BANK INC
70 SOUTH BAY AVENUE
BOSTON
,
MA
02118
NONE
PC
DONATION
25,000
THE MIRIAM HOSPITAL FOUNDATION
164 SUMMIT AVE
PROVIDENCE
,
RI
02906
NONE
PC
DONATION
30,000
THE NEW HAMPSHIRE FOOD BANK
700 EAST INDUSTRIAL PARK DRIVE
MANCHESTER
,
NH
03109
NONE
PC
DONATION
10,000
THE RHODE ISLAND COMMUNITY FOUNDATION
ONE UNION STATION
PROVIDENCE
,
RI
02903
NONE
PC
DONATION
5,000
THUNDERMIST HEALTH CENTER
171 SERVICE AVENUE
WARWICK
,
RI
02886
NONE
PC
DONATION
25,000
GEORGIA TECH RESEARCH CORPORATION
926 DALNEY STREET NW
ATLANTA
,
GA
30332
NONE
PC
DONATION
200,000
TOCKWOTTON ON THE WATERFORD
500 WATERFRONT DRIVE
EAST PROVIDENCE
,
RI
02914
NONE
PC
DONATION
25,000
TOURETTE ASSOCIATION OF AMERICA
42 BELL BLVD
BAYSIDE
,
NY
11361
NONE
PC
DONATION
5,000
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
PO BOX 785541
PHILADELPHIA
,
PA
19178
NONE
PC
DONATION - EDUCATION
1,541,803
UNIVERSITY OF CALIFORNIA-SAN DIEGO
9500 GILMAN DRIVE
LA JOLLA
,
CA
92093
NONE
PC
DONATION - EDUCATION
200,000
UNIVERSITY OF ROCHESTER MEDICAL CENTER
300 EAST RIVER RD
ROCHESTER
,
NY
14627
NONE
PC
DONATION - EDUCATION
125,000
UNIVERSITY OF UTAH
201 S PRESIDENTS CIRCLE
SALT LAKE CITY
,
UT
84112
NONE
PC
DONATION - EDUCATION
200,000
YALE UNIVERSITY
PO BOX 1873
NEW HAVEN
,
CT
06508
NONE
PC
DONATION - EDUCATION
200,000
BRYANT UNIVERSITY
1250 DOUGLAS PIKE
SMITHFIELD
,
RI
02917
NONE
PC
DONATION - EDUCATION
15,000
Total
.................................
3a
24,811,219
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2021)
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
900001
85,732
14
8,774,835
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
900001
2,437,651
14
50,690,154
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
PARTNERSHIP FLOW-THROUGH - OTHER ORDINARY INCOME
900001
543,049
14
2,367,383
b
PARTNERSHIP FLOW-THROUGH - RENTAL LOSS
900001
-827,104
14
-231,119
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
2,239,328
61,601,253
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
63,840,581
(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)
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.
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