Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019
Name of foundation
Democracy Fund Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)1200 17th St NW No 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Washington, DC20036
A Employer identification number

38-3926408
B Telephone number (see instructions)

(202) 420-7943
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$87,348,415J Accounting method:
 
(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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 62,935,400
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 985,008 985,008 985,008
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -778,766
b Gross sales price for all assets on line 6a 46,530,034
7 Capital gain net income (from Part IV, line 2)... 46,530,024
8 Net short-term capital gain......... 0
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).......      
12 Total. Add lines 1 through 11........ 63,141,642 47,515,032 985,008
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 561,034 0 0 561,034
14 Other employee salaries and wages...... 5,914,915 0 0 5,914,915
15 Pension plans, employee benefits....... 823,288 0 0 823,288
16a Legal fees (attach schedule)......... 133,815 0 0 133,815
b Accounting fees (attach schedule)....... 143,534 0 0 211,648
c Other professional fees (attach schedule).... 5,867,281 0 0 5,867,281
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 1,208,833 0 0 1,301,978
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 1,857,096 0 0 1,857,096
21 Travel, conferences, and meetings....... 441,104 0 0 441,104
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 1,744,072 4,071 4,071 1,153,647
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,694,972 4,071 4,071 18,265,806
25 Contributions, gifts, grants paid....... 37,636,989 36,626,905
26 Total expenses and disbursements. Add lines 24 and 25 56,331,961 4,071 4,071 54,892,711
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,809,681
b Net investment income (if negative, enter -0-) 47,510,961
c Adjusted net income (if negative, enter -0-)... 980,937
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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
Assets 1 Cash—non-interest-bearing............. 76,859,526 69,709,632 69,709,632
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet30,234
Less: allowance for doubtful accounts bullet   444 30,234 30,234
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 176,572 72,974 72,974
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 0 15,888,400 15,888,400
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet1,762,277
Less: accumulated depreciation (attach schedule) bullet449,626 1,488,520 1,312,651 1,312,651
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 261,104 334,524 334,524
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 78,786,166 87,348,415 87,348,415
Liabilities 17 Accounts payable and accrued expenses.......... 2,510,853 3,097,596
18 Grants payable................. 3,690,106 4,700,190
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 bullet) 751,783 658,638
23 Total liabilities (add lines 17 through 22)......... 6,952,742 8,456,424
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,239,286 16,473,557
25 Net assets with donor restrictions............ 69,594,138 62,418,434
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 71,833,424 78,891,991
30 Total liabilities and net assets/fund balances (see instructions). 78,786,166 87,348,415
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
71,833,424
2
Enter amount from Part I, line 27a .....................
2
6,809,681
3
Other increases not included in line 2 (itemize) bullet
3
261,800
4
Add lines 1, 2, and 3 ..........................
4
78,904,905
5
Decreases not included in line 2 (itemize) bullet
5
12,914
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
78,891,991
Form 990-PF (2019)
Form 990-PF (2019)
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 88,000 shares PayPal common stock   1996-05-20 2019-11-29
b 88,000 shares PayPal common stock   1996-05-20 2019-12-02
c 88,000 shares PayPal common stock   1996-05-20 2019-12-03
d 88,000 shares PayPal common stock   1996-05-20 2019-12-04
e 88,000 shares PayPal common stock   1996-05-20 2019-12-05
(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 9,484,041   2 9,484,039
b 9,311,433   2 9,311,431
c 9,271,481   2 9,271,479
d 9,248,004   2 9,248,002
e 9,215,075   2 9,215,073
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       9,484,039
b       9,311,431
c       9,271,479
d       9,248,002
e       9,215,073
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 46,530,024
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 ................... 		Bracket 3 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 50,499,897 45,500,062 1.109886
2017 40,720,542 37,084,891 1.098036
2016 18,353,576 28,708,340 0.639312
2015 11,846,806 20,579,635 0.575657
2014 5,466,956 6,418,681 0.851726
2
Total of line 1, column (d) .....................
2
4.274617
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.854923
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
61,267,332
5
Multiply line 4 by line 3......................
5
52,378,851
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
475,110
7
Add lines 5 and 6........................
7
52,853,961
8
Enter qualifying distributions from Part XII, line 4,.............
8
54,892,711
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
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 Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 475,110
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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........................... 3 475,110
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- ..... 5 475,110
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 37,481
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 700,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 737,481
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 262,371
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet262,371 RefundedBullet 11 0
Part VII-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 Instructions
for 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. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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
     
    No
    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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDC, DE
    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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    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 (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.democracyfund.org
    14
    The books are in care ofbulletRobin Thompson Telephone no.bullet (202) 420-7943

    Located atbullet1200 17th St NW Ste 300WashingtonDC ZIP+4bullet20036
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    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 bullet
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
    ........bullet
    c
    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 2019?.............
    1c
     
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 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.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
    .........bullet
    c
    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?..........
    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?.....................
    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?
    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? .................
    Part VIII
    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
    Pierre Omidyar Chairman
    0.75     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    Patricia Christen Director
    1.75     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    Joseph Goldman President & CEO
    35.00     		389,630 36,676 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Sarah Steven Director
    2.00     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    Matthew Deakin Treasurer
    0.25     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    Isaiah Castilla Secretary & Senior Counsel
    34.00     		171,404 19,955 0
    1200 17th St NW Ste 300
    Washington,DC20036
    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
    Srikanth Gopal VP Strategy & Progra
    39.00     		259,613 33,990 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Adam Ambrogi Program Director
    39.00     		201,931 29,985 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Margaret Yao Chief People Officer
    38.00     		207,979 22,265 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Thomas Glaisyer Managing Program Dir
    39.00     		210,146 18,167 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Laura Chambers Chief Operating Offi
    39.00     		209,240 13,552 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Total number of other employees paid over $50,000...................bullet 46
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    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
    Williams Group Branding & Design 447,939
    70 Ionia Avenue SW Ste 200
    Grand Rapids,MI49503
    SKDKnickerbocker LLC Consulting 377,000
    1150 18th Street NW Ste 800
    Washington,DC20036
    Organizational Research Services Consulting 354,696
    1100 Olive Way Ste 1350
    Seattle,WA98101
    Porter Novelli Consulting 242,010
    805 15th Street NW Ste 300
    Washington,DC20005
    Arabella Advisors LLC Consulting 240,052
    1201 Connecticut Ave NW Ste 300
    Washington,DC20036
    Total number of others receiving over $50,000 for professional services.............bullet21
    Part IX-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 Elections ProgramVoting is the cornerstone of American democracy, but our election system is challenged by persistent barriers to voting and unprecedented new threats. The Elections program works toward a strong and modern voting system where all eligible citizens are motivated to vote, can do so with ease, and can reasonably trust that election outcomes are legitimate. 2,939,037
    2 Public Square ProgramNo matter where they live or who they are, Americans should be able to get the news and information they need to engage in civic life, and to use their voices without fear of being harassed or silenced. The rapidly changing media landscape presents new challenges and opportunities for our democracy. 2,592,072
    3 Governance ProgramIn a time when the American public feels deeply divided and partisan politics undercut effective, representative government, our Governance program promotes the principled leadership and strong institutions our governing system needs to act in the interests of the American people in all of their diversity. 1,807,337
    4 Special ProjectsThrough our Special Projects, Democracy Found works to: strengthen investigative journalism and defend the role of a robust, free press in our public square; foster a just and inclusive society and protect those Americans whose civil rights and safety appear to be endangered in this emerging landscape; and ensure government accountability and protect our system of checks and balances. 634,530
    Part IX-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.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    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
    1,324,033
    b
    Average of monthly cash balances.......................
    1b
    59,125,924
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,750,380
    d
    Total (add lines 1a, b, and c).........................
    1d
    62,200,337
    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
    62,200,337
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    933,005
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    61,267,332
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,063,367
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
     
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    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
    54,892,711
    b
    Program-related investments—total from Part IX-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 V, line 8, and Part XIII, line 4
    4
    54,892,711
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    475,110
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    54,417,601
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$  
    a Applied to 2018, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2019 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2019.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		 
    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) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2019, enter the date of the ruling....... bullet
    2014-02-11
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
    980,937 483,312 138,873 7,036 1,610,158
    b 85% of line 2a ......... 833,796 410,815 118,042 5,981 1,368,634
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		54,892,711 51,239,460 41,251,880 18,353,576 165,737,627
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		36,626,905 33,758,197 28,469,350 12,118,125 110,972,577
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		18,265,806 17,481,263 12,782,530 6,235,451 54,765,050
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		2,042,245 1,516,669 1,236,163 956,945 5,752,022
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    Pierre Omidyar
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    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)
    aPaid during the year
    Allied Media Projects
    4126 3rd Avenue
    Detroit,MI48201     		N/A PC Program support for Southern media community needs assessment 50,000
    American Journalism Project
    718 7th Street NW
    Washington,DC20001     		N/A PC General support 1,000,000
    American Political Science Association
    1527 New Hampshire Avenue NW
    Washington,DC20036     		N/A PC Program support for APSA Public Service Fellowship 60,000
    American Press Institute
    4401 Wilson Boulevard Ste 900
    Arlington,VA22203     		N/A SO I General support 200,000
    American Press Institute
    4401 Wilson Boulevard Ste 900
    Arlington,VA22203     		N/A SO I Program support for the Election SOS project 104,230
    Asian Americans Advancing Justice - Asian Law Caucus
    55 Columbus Avenue
    San Francisco,CA94111     		N/A PC Program support for education and legal services for MASA communities 220,000
    Asian Americans Journalist Association
    5 Third Street Ste 1108
    San Francisco,CA94103     		N/A PC General support 100,000
    Asian Pacific American Institute for Congressional Studies
    1001 Connecticut Avenue NW Ste 320
    Washington,DC20036     		N/A PC General support 100,000
    Assn of the Bar of the City of New York Fund Inc dba The Vance Center
    42 West 44th Street
    New York,NY10036     		N/A PC Program support for Lawyers for Reporters 30,000
    Bipartisan Policy Center Inc
    1225 Eye Street NW
    Washington,DC20005     		N/A PC Program support for Elections Project 200,000
    Bipartisan Policy Center Inc
    1225 Eye Street NW
    Washington,DC20005     		N/A PC Program support for the Congress Project 450,000
    Bipartisan Policy Center Inc
    1225 Eye Street NW
    Washington,DC20005     		N/A PC Program support for the Democracy Project's efforts in election administration 25,000
    Borealis Philanthropy
    126 North 3rd Street Ste 500
    Minneapolis,MN55401     		N/A PC Program support for Race Equity in Journalism Fund 400,000
    Business Forward Foundation
    1155 Connecticut Avenue NW Ste 1000
    Washington,DC20036     		N/A PC Program support for engagement of business leaders on rule of law issues 50,000
    California State University Northridge Foundation
    18111 Nordhoff Street
    Northridge,CA91330     		N/A PC Program support to enhance ethnic media sustainability, collaboration, and engagement 44,000
    Cato Institute
    1000 Massachusetts Avenue NW
    Washington,DC20001     		N/A PC Program support for research on American attitudes on pluralism and immigration 75,000
    Center for American Progress
    1333 H Street NW 10th Floor
    Washington,DC20005     		N/A PC Program support for research on generational change and democracy 125,000
    Center for Civic Design Inc
    5443 Tates Bank Road
    Cambridge,MD21613     		N/A PC General support 100,000
    Center for Democracy and Technology
    1401 K Street NW Ste 200
    Washington,DC20005     		N/A PC Program support for election cybersecurity research and best practices 150,000
    Center for Election Innovation & Research
    1120 Connecticut Ave NW Ste 1040
    Washington,DC20036     		N/A PC General support 250,000
    Center for Internet Security Inc
    31 Tech Valley Drive Ste 2
    East Greenbush,NY12061     		N/A PC Program support for Elections Security Best Practices project 200,000
    Center for Public Integrity
    910 17th Street NW Ste 700
    Washington,DC20006     		N/A PC General support 650,000
    Center for Responsive Politics
    1101 14th Street NW Ste 1030
    Washington,DC20005     		N/A PC Program support for Foreign Lobby Watch Database 75,000
    Center for Responsive Politics
    1101 14th Street NW Suite 1030
    Washington,DC20005     		N/A PC Program support for political advertisement transparency 100,000
    Center for Strategic and International Studies Inc
    1616 Rhode Island Avenue NW
    Washington,DC20036     		N/A PC Program support for the Defending Democratic Institutions project 300,000
    Center for Technology and Civic Life
    233 North Michigan Avenue Ste 1800
    Chicago,IL60601     		N/A PC General support 275,000
    College to Congress
    810 7th Street NE
    Washington,DC20002     		N/A PC General support 165,000
    Colorado Seminary
    2199 South University Boulevard
    Denver,CO80210     		N/A PC Program support for the Colorado Media Project 100,000
    Common Cause Education Fund
    1133 19th Street NW 9th Floor
    Washington,DC20036     		N/A PC Program support for automatic voter registration implementation in Massachusetts 20,000
    Common Cause Education Fund
    1133 19th Street NW 9th Floor
    Washington,DC20036     		N/A PC Program support for analysis of documents related to redistricting 200,000
    Common Cause Education Fund
    1133 19th Street NW 9th Floor
    Washington,DC20036     		N/A PC Program support for nonpartisan civic engagement efforts in Hawaii 75,000
    Community Foundation of New Jersey
    35 Knox Hill Road
    Morristown,NJ07963     		N/A PC Program support for Local News Lab Fund 200,000
    Community Partners
    1000 North Alameda Street Ste 240
    Los Angeles,CA90012     		N/A PC Program support for Open News 150,000
    Congressional Management Foundation
    216 7th Street SE 2nd Floor
    Washington,DC20003     		N/A PC General support 300,000
    Constitutional Accountability Center
    1200 18th Street NW Ste 501
    Washington,DC20036     		N/A PC Program support for congressional oversight 150,000
    Craig Newmark Graduate School of Journalism CUNY Foundation Inc
    219 West 40th Street
    New York,NY10018     		N/A PC Program support for the Center for Community and Ethnic Media project 200,000
    Democracy North Carolina
    1821 Green Street
    Durham,NC27705     		N/A PC General support 125,000
    Democracy Works Inc
    20 Jay Street Ste 824
    Brooklyn,NY11201     		N/A PC General support 350,000
    Democracy Works Inc
    20 Jay Street Ste 824
    Brooklyn,NY11201     		N/A PC General support 300,000
    Demos A Network for Ideas and Action LTD
    220 Fifth Avenue 2nd Floor
    New York,NY10001     		N/A PC Program support for Motor Voter compliance project 250,000
    Do Something Inc
    19 West 21st Street 8th Floor
    New York,NY10010     		N/A PC Program support for nonpartisan voter education efforts 125,000
    Duke University
    2200 West Main Street Ste 710
    Durham,NC27705     		N/A PC Program support for the News Measures Research Project 39,137
    Duke University
    2200 West Main Street Ste 710
    Durham,NC27705     		N/A PC Program support for the News Measures Research Project 120,000
    E Pluribus Unum Foundation Inc
    513 3rd Avenue
    Nashville,TN37210     		N/A PC General support 125,000
    Election Reformers Network
    131 Windsor Road
    Waban,MA02468     		N/A PC Program support for research around election officer conflict of interest policies 75,000
    El-Hibri Foundation
    1420 16th Street NW
    Washington,DC20036     		N/A PF Program support for field leadership training and capacity building 150,000
    Emma L Bowen Foundation for Minority Interests in Media
    30 Rockefeller Plaza 28A42
    New York,NY10112     		N/A PC General support 250,000
    Entertainment Industry Foundation
    10880 Wilshire Blvd Ste 1400
    Los Angeles,CA90024     		N/A PC Program support for the I Am A Voter campaign 100,000
    Ethics and Public Policy Center Inc
    1730 M Street NW Ste 910
    Washington,DC20036     		N/A PC Program support for the Faith Angle Forum 62,500
    Ethics and Religious Liberty Commission of the Southern Baptist Convention
    901 Commerce Street Ste 500
    Nashville,TN37203     		N/A PC Program support for MLK50 Conference 50,000
    Facing History and Ourselves National Foundation Inc
    16 Hurd Road
    Brookline,MA02445     		N/A PC General support 30,000
    Fair Elections Center
    1825 K Street NW
    Washington,DC20006     		N/A PC Program support for pollworker recruitment project 50,000
    Faith and Politics Institute
    110 Maryland Avenue NE Ste 504
    Washington,DC20002     		N/A PC General support 125,000
    Faith in Public Life Inc
    1990 M Street NW 740
    Washington,DC20036     		N/A PC Program support for building networks among faith leaders and MASA communities 150,000
    Federation of American Scientists
    1112 16th Street NW Ste 400
    Washington,DC20036     		N/A PC Program support for Congressional Science Policy Initiative 103,500
    Foreign Policy Research Institute
    1528 Walnut Street Ste 610
    Philadelphia,PA19102     		N/A PC Program suppport for Foreign Influence Election 2020 project 100,000
    Former Members of Congress Inc
    1401 K Street NW Ste 503
    Washington,DC20005     		N/A PC General support 175,000
    Former Members of Congress Inc
    1401 K Street NW Ste 503
    Washington,DC20005     		N/A PC General support 150,000
    Free Press
    1025 Connecticut Avenue NW Ste 1110
    Washington,DC20036     		N/A PC Program support for Change the Terms coalition 100,000
    Free Press
    1025 Connecticut Avenue NW Ste 1110
    Washington,DC20036     		N/A PC Program support for the News Voices project 200,000
    Freedom Network USA
    1300 L Street NW Ste 1020
    Washington,DC20005     		N/A PC Program support for organizational wellness and sustainability efforts 20,000
    Fund for Constitutional Government
    122 Maryland Ave NE
    Washington,DC20002     		N/A PC Program support for Openthegovernment.org 200,000
    Fund for the City of New York Inc
    21 6th Avenue 6
    New York,NY10013     		N/A PC Program support for The Governance Lab 200,000
    George Washington University
    2115 G Street NW Ste 440
    Washington,DC20052     		N/A PC Program support for project on Political Communication Ethics 15,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		N/A PC Program support for initiative on Catholic Social Thought and Public Life 25,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		N/A PC Program support for Dialogue and Dine series 25,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		N/A PC Program support for the Beeck Center for Social Impact and Innovation 175,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		N/A PC Program support for the Institute for Constitutional Advocacy and Protection 200,000
    Government Accountability Project
    1612 K Street NW Ste 1100
    Washington,DC20006     		N/A PC General support 225,000
    Hopewell Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for Over Zero 75,000
    Institute for Nonprofit News
    714 West Olympic Boulevard Ste 931
    Los Angeles,CA90015     		N/A PC General support 300,000
    Institute for Nonprofit News
    714 West Olympic Boulevard Ste 931
    Los Angeles,CA90015     		N/A PC Program support for nonprofit news insrance project 131,230
    Institute for Social Policy and Understanding
    1110 Vermont Avenue NW Ste 500
    Washington,DC20005     		N/A PC General support 100,000
    Interfaith Youth Core
    141 West Jackson Boulevard Ste 3200
    Chicago,IL60604     		N/A PC Program support for interfaith innovation fellowship program 50,000
    International Refugee Assistance Project
    One Battery Park Plaza 4th Floor
    New York,NY10004     		N/A PC Program support for family reunification, community lawyering, and impact litigation work 100,000
    Internews
    1133 15th Street Ste 350
    Washington,DC20005     		N/A PC Program support for the Listening Post Collective 100,000
    Islamic Society of North America
    6555 South County Road 750 E
    Plainfield,IN46168     		N/A PC Program support for Shoulder to Shoulder Islamophobia trainings 75,000
    Issue One
    1401 K Street NW Ste 350
    Washington,DC20005     		N/A PC General support 435,000
    Jefferson Center for New Democratic Processes
    332 Minnesota Street Ste W1360
    Saint Paul,MN55101     		N/A PC Program support for the Your Voice Ohio project 100,000
    Journalism & Women Symposium
    2885 Sanford Avenue SW 29226
    Grandville,MI49418     		N/A PC General support 40,000
    Kanu Hawaii
    1050 Bishop Street Number 504
    Honolulu,HI96813     		N/A PC Program support to increase voter participation in Hawai'i 85,000
    Kennesaw State University Research and Service Foundation Inc
    1000 Chastain Road
    Kennesaw,GA30144     		N/A SO I Program support for the Georgia News Lab 100,000
    Leadership Conference Education Fund
    1620 L Street NW Ste 1100
    Washington,DC20036     		N/A PC Program suppport for voting rights communications project 100,000
    Library of Congress
    101 Independence Avenue SE
    Washington,DC20540     		N/A GOV Program support for Congressional Research Service seminars and trainings 150,000
    Lincoln Network Inc
    10826 Greater Hills Street
    Raleigh,NC27614     		N/A PC Program support for technology resources for Congress 75,000
    Local Independent Online News Publishers Inc
    1 East Langhorne Avenue
    Havertown,PA19801     		N/A PC General support 150,000
    MediaJustice
    436 14th Street Ste 500
    Oakland,CA94612     		N/A PC Program support for Change the Terms coalition 100,000
    Menlo College
    1000 El Camino Real
    Atherton,CA94027     		N/A PC Program support for Women Also Know Stuff 50,000
    Millennial Action Project
    1601 Connecticut Avenue NW Ste 200
    Washington,DC20009     		N/A PC General support 175,000
    Millions of Conversations Inc
    513 3rd Avenue S
    Nashville,TN37210     		N/A PC General support 300,000
    MOAA Military Family Initiative
    201 North Washington Street
    Alexandria,VA22314     		N/A PC Program support for the Military Voter Education Project 50,000
    Montclair State University Foundation Inc
    1 Normal Avenue
    Montclair,NJ07043     		N/A PC Program support for New Jersey News Commons 200,000
    Morgan State University Foundation Inc
    1700 East Cold Spring Lane
    Baltimore,MD21251     		N/A PC Program support for the Morgan Initiative 125,000
    Morgan State University Foundation Inc
    1700 East Cold Spring Lane
    Baltimore,MD21251     		N/A PC Program support for Institute for Urban Journalism 70,000
    MuckRock Foundation Inc
    1151 Massachusetts Avenue
    Cambridge,MA02138     		N/A PC General support 125,000
    NALEO Educational Fund
    1122 West Washington Boulevard 3rd
    Floor
    Los Angeles,CA90015     		N/A PC Program support for Staff Up Congress 150,000
    National Association of Black Journalists
    1100 Knight Hall Ste 3100
    College Park,MD20742     		N/A PC Capacity support for operations management 100,000
    National Association of Black Journalists
    1100 Knight Hall Ste 3100
    College Park,MD20742     		N/A PC General support 75,000
    National Association of Hispanic Journalists
    1050 Connecticut Avenue NW 10th
    Floor
    Washington,DC20036     		N/A PC General support 200,000
    National Conference of State Legislatures
    7700 East First Place
    Denver,CO80230     		N/A GOV Program support for research on election administration 140,000
    National Disability Rights Network Inc
    820 1st Street NE Ste 740
    Washington,DC20002     		N/A PC Program support for voter disability access and rights awareness 100,000
    National Issues Forum Institute
    100 Commons Road
    Dayton,OH45459     		N/A PC Program support for Connecting to Congress project 20,000
    National League of Cities Institute Inc
    660 North Capital Street NW
    Washington,DC20001     		N/A SO I Program support for nonpartisan citizen engagment efforts 150,000
    National Network for Youth
    741 8th Street SE
    Washington,DC20036     		N/A PC Program support for organizational wellness and substainability efforts 20,000
    National Security Archive Fund Inc
    2130 H Street NW Suite 701
    Washington,DC20052     		N/A PC General support 75,000
    Native American Journalists Association
    395 West Lindsey Street
    Norman,OK73019     		N/A PC Program support for Red Press Initiative 75,000
    NEO Philanthropy
    45 West 36th Street 6th Floor
    New York,NY10018     		N/A PC Program support for organizational wellness and sustainability efforts 20,000
    NEO Philanthropy
    45 West 36th Street 6th Floor
    New York,NY10018     		N/A PC Program support for the State Infrastructure Fund 650,000
    NEO Philanthropy
    45 West 36th Street 6th Floor
    New York,NY10018     		N/A PC Program support for Movement Law Lab 120,000
    NEO Philanthropy
    45 West 36th Street 6th Floor
    New York,NY10018     		N/A PC Program support for Thought Partnerships 100,000
    New America Foundation
    740 15th Street NW Ste 900
    Washington,DC20005     		N/A PC Program support for TechCongress 200,000
    New Georgia Project
    165 Courtland Street NE Ste A231
    Atlanta,GA30303     		N/A PC General support 100,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for 2020 Census Project 550,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for the Demand Progress Legislative Capacity Project 100,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for 2020 Census Project 500,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for the Demand Progress Legislative Capacity Project 100,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for Demand Progress Legislative Capacity Project 75,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for the Civic Engagement and Elections Research Fund 175,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for The Trust Project 300,000
    New York University
    105 East 17th Street 4th Floor
    New York,NY10003     		N/A PC Program support for racial targeting and digital marketing research 50,000
    New York University
    105 East 17th Street 4th Floor
    New York,NY10003     		N/A PC Program support for Institute on the Arts and Civic Dialogue Radical Hospitality convening 50,000
    New York University
    25 West 4th Street 4th Floor
    New York,NY10012     		N/A PC Program support for research on misinformation and social media platforms 44,440
    New York University
    25 West 4th Street 4th Floor
    New York,NY10012     		N/A PC Program support for research on social media platforms and political advertisements 100,000
    News Revenue Hub
    110 West A Street Ste 650
    San Diego,CA92101     		N/A PC General support 200,000
    Nonprofit Vote
    2464 Massachusetts Avenue Ste 210
    Cambridge,MA02140     		N/A PC Program support for National Voter Registration Day 50,000
    North Carolina Community Foundation Inc
    3737 Glenwood Avenue Ste 460 Ste
    524
    Raleigh,NC27612     		N/A PC Program support for the North Carolina Local News Lab Fund 700,000
    Northeastern University
    360 Huntington Avenue
    Boston,MA02115     		N/A PC Program support for research around the role of misinformation on social media platforms 40,000
    One Voice Inc
    1072 JR Lynch Street
    Jackson,MS39203     		N/A PC Program support for education about voter registration modernization in Mississippi 100,000
    Partnership for Public Service Inc
    1100 New York Avenue NW Ste 200
    East
    Washington,DC20005     		N/A PC General support 600,000
    PEN American Center Inc
    588 Broadway Ste 303
    New York,NY10012     		N/A PC Program support for the Press Freedom Initiative Fund 125,000
    PEN American Center Inc
    588 Broadway Ste 303
    New York,NY10012     		N/A PC Program support for combating online harassment 200,000
    Pepperdine University
    24225 Pacific Coast Highway
    Malibu,CA90263     		N/A PC Program support for The American Project 150,000
    Philanthropy for Active Civic Engagement
    1717 Rhode Island Avenue NW Ste 700
    Washington,DC20036     		N/A PC Program support for Faith In/And Democracy project 100,000
    President - Board of Trustees Santa Clara University
    500 El Camino Real
    Santa Clara,CA95053     		N/A PC Program support for Solidarity Journalism 45,000
    President - Board of Trustees Santa Clara University
    500 El Camino Real
    Santa Clara,CA95053     		N/A PC Capacity support for strategic planning for The Trust Project -18,044
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/A PC Program support for the Ida B. Wells Society for Investigative Reporting 100,000
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/A PC Program support for the Defending Digital Democracy project 100,000
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/A PC Program support for the Ash Center for Democratic Governance and Innovation 160,000
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/A PC Program support for the Ash Center for Democratic Governance and Innovation 100,000
    Protect Democracy Project
    2020 Pennsylvania Avenue NW Ste 163
    Washington,DC20006     		N/A PC General support 650,000
    Proteus Fund
    15 Research Drive Ste B
    Amherst,MA01002     		N/A PC Program support for the RISE Together Fund 300,000
    Proteus Fund
    15 Research Drive Ste B
    Amherst,MA01002     		N/A PC Program support for the Security and Rights Collaborative 100,000
    Public Knowledge
    1818 N Street NW Ste 410
    Washington,DC20036     		N/A PC Program support for Communications Justice fellows 120,000
    Public Narrative
    600 South Michigan Avenue
    Chicago,IL60605     		N/A PC Program support for Chicago Independent Media Alliance 30,000
    R Street Institute
    1212 New York Avenue NW Ste 900
    Washington,DC20005     		N/A PC Program support for the Governance Project and American Institutions Network 525,000
    ReflectUs
    301 West 115th Street 4F
    New York,NY10026     		N/A PC General support 250,000
    ReflectUs
    301 West 115th Street 4F
    New York,NY10026     		N/A PC General support 250,000
    Reporters Committee for Freedom of the Press
    1156 15th Street NW Ste 1250
    Washington,DC20005     		N/A PC General support 300,000
    ReThink Media Inc
    2039 Shattuck Avenue Ste 40
    Berkeley,CA94704     		N/A PC Program support for the democracy collaborative's communications efforts 400,000
    Robert C Maynard Institute for Journalism Education
    2323 Broadway
    Oakland,CA94612     		N/A PC General support 300,000
    Rutgers The State University of New Jersey
    311 North 5th Street
    Camden,NJ08102     		N/A PC Program support for platform accountability research 59,208
    Santa Fe Community Foundation
    501 Halona Street
    Santa Fe,NM87505     		N/A PC Program support for the New Mexico Local News Lab Fund 475,000
    Social Good Fund
    12651 San Pablo Avenue 5473
    Richmond,CA94805     		N/A PC Program support for Spaceship Media 100,000
    Social Science Research Council
    300 Cadman Plaza West 15th Floor
    Brooklyn,NY11201     		N/A PC Program support for the Digital Disinformation Research and Mapping Project 50,000
    Sojourners
    408 C Street NE
    Washington,DC20002     		N/A PC General support 150,000
    Solutions Journalism Network
    79 Madison Avenue 2nd Floor 224
    New York,NY10016     		N/A PC General support 100,000
    Southern Coalition for Social Justice
    1415 West Highway 54 Ste 101
    Durham,NC27707     		N/A PC General support 200,000
    Student Press Law Center
    1608 Rhode Island Avenue NW Ste 211
    Washington,DC20036     		N/A PC General support 150,000
    Take Back Our Republic Inc
    246 East Glenn Avenue
    Auburn,AL36830     		N/A PC General support 350,000
    Take The Lead Inc
    322 West 57th Street Ste 45M
    New York,NY10019     		N/A PC Program support for "50 Women Can Change the World in Journalism" 50,000
    The Andrew Goodman Foundation Inc
    270 Madison Avenue 16th Floor
    New York,NY10016     		N/A PC General support 200,000
    The Aspen Institute Inc
    2300 North Street NW 700
    Washington,DC20037     		N/A PC Program support for the Socrates project 100,000
    The Aspen Institute Inc
    2300 North Street NW 700
    Washington,DC20037     		N/A PC Program support for Inclusive America Project 50,000
    The Aspen Institute Inc
    2300 North Street NW 700
    Washington,DC20037     		N/A PC Program support for the Rodel Fellowships in Public Leadership 125,000
    The Aspen Institute Inc
    2300 North Street NW 700
    Washington,DC20037     		N/A PC Program support for Congressional Program 150,000
    The Brookings Institution
    1775 Massachusetts Avenue NW
    Washington,DC20036     		N/A PC Program support for Lawfare 200,000
    The Brookings Institution
    1775 Massachusetts Avenue NW
    Washington,DC20036     		N/A PC Program support for House Oversight Tracker 100,000
    The Campaign Legal Center Inc
    1411 K Street NW Ste 1400
    Washington,DC20005     		N/A PC General support 325,000
    The Center for Investigative Reporting Inc
    1400 65th Street Ste 200
    Emeryville,CA94608     		N/A PC Program support for Reveal Labs 900,000
    The Congressional Institute Inc
    1700 Diagonal Road Ste 730
    Alexandria,VA22314     		N/A NC Program support for the Congressional Reform Project 150,000
    The Equity Alliance
    625 Rosa L Parks Boulevard
    Nashville,TN37203     		N/A PC General support 75,000
    The Equity Alliance
    625 Rosa L Parks Boulevard
    Nashville,TN37203     		N/A PC Capacity support to build out human resources systems and policies 25,000
    The Georgia Coalition for the Peoples Agenda Inc
    501 Pullman Street Room 410
    Atlanta,GA30312     		N/A PC General support 50,000
    The German Marshall Fund of the United States
    1744 R Street NW
    Washington,DC20009     		N/A PC Capacity building support for organizational infrastructure 25,000
    The German Marshall Fund of the United States
    1744 R Street NW
    Washington,DC20009     		N/A PC Program support for the Alliance for Securing Democracy project 400,000
    The German Marshall Fund of the United States
    1744 R Street NW
    Washington,DC20009     		N/A PC Program support for Digital Democracy Project 300,000
    The Joint Center for Political and Economic Studies
    633 Pennsylvania Avenue NW
    Washington,DC20004     		N/A PC General support 150,000
    The Lenfest Institute for Journalism
    1234 Market Street Ste 1800
    Philadelphia,PA19107     		N/A SO I Program support for First Draft News 500,000
    The Lenfest Institute for Journalism
    1234 Market Street Ste 1800
    Philadelphia,PA19107     		N/A SO I Program support for the Community Listening and Engagement Fund 100,000
    The Miami Foundation Inc
    40 NW 3rd Street Ste 305
    Miami,FL33128     		N/A PC Program support for NewsMatch Fund 700,000
    The Miami Foundation Inc
    40 NW 3rd Street Ste 305
    Miami,FL33128     		N/A PC Program support for Legal Clinic Fund 400,000
    The New School
    66 West 12th Street
    New York,NY10011     		N/A PC Program support for Journalism + Design program 150,000
    The Niskanen Center Inc
    820 First Street NE Ste 675
    Washington,DC20002     		N/A PC General support 150,000
    The Obsidian Collection Archives
    5417 South Michigan Avenue
    Chicago,IL60615     		N/A PC General support 200,000
    The Ohio State University
    901 Woody Hayes Drive
    Columbus,OH43210     		N/A GOV Program support for Connecting to Congress project 180,000
    The Participatory Budgeting Project Inc
    33 Flatbush Avenue 4th Floor
    Brooklyn,NY11217     		N/A PC General support 200,000
    The Pew Charitable Trusts
    901 E Street NW
    Washington,DC20004     		N/A PC Program support for House Chiefs of Staff initiative 75,000
    The Project on Government Oversight Inc
    1100 G Street NW Ste 500
    Washington,DC20005     		N/A PC General support 850,000
    The Project on Government Oversight Inc
    1100 G Street NW Ste 500
    Washington,DC20005     		N/A PC Program support for The Constitution Project 50,000
    The Trustees of the University of Pennsylvania
    202 South 36th Street
    Philadelphia,PA19104     		N/A PC Program support for the Center for High Impact Philanthropy 71,500
    The University of Texas at Austin
    1 University Station A1105
    Austin,TX78712     		N/A GOV Program support for the Engaging News Project 300,000
    The University of Texas at Austin
    1 University Station A1105
    Austin,TX78712     		N/A GOV Program support for the Engaging News Project 34,958
    ThinkTennessee
    414 Union Street Ste 1900
    Nashville,TN37203     		N/A PC General support 125,000
    Tides Foundation
    1012 Torney Avenue
    San Francisco,CA94129     		N/A PC Program support for POPVOX LegiDash Fund 200,000
    Trinity Forum Inc
    1000 Vermont Avenue NW Ste 900
    Washington,DC20005     		N/A PC Program support for religious pluralism research and outreach 100,000
    Trustees of Tufts College
    169 Holland Street
    Somerville,MA02144     		N/A PC Program support for Center for Information and Research on Civic Learning & Engagement 100,000
    United We Dream
    1900 L Street NW 9th Floor
    Washington,DC20036     		N/A PC Program support for organizational wellness and sustainability efforts 20,000
    University of Arizona Foundation
    1111 North Cherry Avenue
    Tucson,AZ85721     		N/A PC Program support for the National Institute for Civil Discourse 250,000
    University of Chicago
    5801 South Ellis Avenue
    Chicago,IL60637     		N/A PC Program support for Bright Line Watch 90,000
    University of Chicago
    5801 South Ellis Avenue
    Chicago,IL60637     		N/A PC Program support for the Project on Political Reform 140,000
    University of Maryland Foundation Inc
    3300 Metzerott Road
    Adelphi,MD20783     		N/A PC Program support for research on election cybersecurity issues -47,849
    University of North Carolina at Chapel Hill
    103 South Building
    Chapel Hill,NC27599     		N/A PC Program support for the Ida B. Wells Society for Investigative Reporting 100,000
    University of Oregon Foundation
    1585 East 13th Avenue
    Eugene,OR97403     		N/A PC Program support for the Gather project 50,000
    University of Southern California
    3720 South Flower Street Ste 325
    Los Angeles,CA90089     		N/A PC Program support for voting location siting tool 100,000
    Upturn Inc
    1015 15th Street NW Ste 600
    Washington,DC20005     		N/A PC Program support for research on ad platforms and discrimination 100,000
    URI Foundation & Alumni Engagement
    79 Upper College Road
    Kingston,RI02881     		N/A PC Program support for the URI VOTES project 98,095
    VotingWorks
    135 Main Street Floor 20
    San Francisco,CA94105     		N/A PC Program support for development of risk limiting audit tool 350,000
    Wayne State University
    656 West Kirby 4200 Faculty/Adminis
    ration Building
    Detroit,MI48202     		N/A PC Program support for the Levin Center 75,000
    Welcoming America Inc
    315 West Ponce de Leon Avenue Ste
    900
    Decatur,GA30030     		N/A PC General support 200,000
    Wesleyan University
    212 College Street
    Middleton,CT06459     		N/A PC Program support for the Wesleyan Media Project 25,000
    West Virginia University Foundation Inc
    302 Chestnut Ridge Research
    Building
    Morgantown,WV26501     		N/A PC Program support for research on recruitment techniques of racial extremist groups 100,000
    William J Brennan Center for Justice Inc
    120 Broadway Ste 1750
    New York,NY10271     		N/A PC Program support for research on executive branch powers 175,000
    WinWin Network
    1402 3rd Avenue Ste 201
    Seattle,WA98101     		N/A PC Program support for automatic voter registration implementation in Washington state 25,000
    Women's Congressional Policy Institute
    409 12th Street SW Ste 702
    Washington,DC20024     		N/A PC General support 100,000
    Women's Public Leadership Network
    420 North Highland Street
    Arlington,VA22201     		N/A PC General support 120,000
    Yale University
    157 Church Street
    New Haven,CT06510     		N/A PC Program support for the Media Freedom and Information Access Clinic 100,000
    Total .................................bullet 3a 36,626,905
    bApproved for future payment
    Board of Regents of the University of Wisconsin System
    780 Regent Street
    Madison,WI53706     		N/A GOV Program support for Project DATA 50,000
    Bold Impact
    15250 Chincoteague Court
    Woodbridge,VA22193     		N/A PC Program support for Rights x Tech convenings 100,000
    Borealis Philanthropy
    126 North 3rd Street Ste 500
    Minneapolis,MN55401     		N/A PC Program support for Race Equity in Journalism Fund 100,000
    Business Forward Foundation
    1155 Connecticut Avenue NW Ste 1000
    Washington,DC20036     		N/A PC Program support for diversity and inclusion programming 150,000
    Common Cause Education Fund
    1133 19th Street NW 9th Floor
    Washington,DC20036     		N/A PC General support 350,000
    Community Partners
    1000 North Alameda Street Ste 240
    Los Angeles,CA90012     		N/A PC Program support for the Future of California Elections project 75,000
    Field Foundation of Illinois
    200 South Wacker Drive Ste 3860
    Chicago,IL60606     		N/A PF Program support for Chicago Media and Storytelling project 200,190
    George Washington University
    2115 G Street NW Ste 440
    Washington,DC20052     		N/A PC Program support for The Monkey Cage 100,000
    Hopewell Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for Over Zero 100,000
    League of Women Voters Education Fund
    1730 M Street NW Ste 1000
    Washington,DC20036     		N/A PC Program support to conduct non-partisan outreach and communication 125,000
    Massachusetts Institute of Technology
    30 Wadsworth Street Room 470
    Cambridge,MA02142     		N/A PC Program support for Election Data and Science Lab 200,000
    National Immigration Law Center
    3435 Wilshire Boulevard Ste 1600
    Los Angeles,CA90010     		N/A PC Program support for litigation and legal services 200,000
    Native American Rights Fund Inc
    1506 Broadway
    Boulder,CO80302     		N/A PC Program support for collaboration with US Postal Service on voter access 100,000
    New America Foundation
    740 15th Street NW Ste 900
    Washington,DC20005     		N/A PC Program support for Political Reform Project 200,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for Media Democracy Fund's Unicorn Fund 100,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for The Trust Project 300,000
    New Venture Fund
    1201 Connecticut Avenue NW Ste 300
    Washington,DC20036     		N/A PC Program support for the Trusted Elections Fund 400,000
    New York University
    25 West 4th Street 4th Floor
    New York,NY10012     		N/A PC Program support for research on social media platforms and political advertisements 300,000
    Pillars Fund
    171 North Aberdeen Street Ste 400
    Chicago,IL60607     		N/A PC Program support for the Pillars Fund and Pop Culture Collaborative project 150,000
    Poynter Institute for Media Studies Inc
    801 Third Street South
    St Petersburg,FL33701     		N/A PC Program support for independent fact checking 75,000
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/A PC Program support for Technology and Social Change Project 350,000
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/A PC Program support for the Belfer Center's Defending Digital Democracy Project 150,000
    Pro Publica Inc
    155 Avenue of the Americas 13th
    Floor
    New York,NY10013     		N/A PC General support 700,000
    The Rector and Visitors of the University of Virginia
    210 Sprigg Lane
    Charlottesville,VA22903     		N/A PC Program support for Center for Effective Lawmaking 75,000
    Yale University
    157 Church Street
    New Haven,CT06510     		N/A PC Program support for research on digital outage 50,000
    Total .................................bullet 3b 4,700,190
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-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.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 985,008  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot 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 ............     		    18 -778,766  
    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).. 0 206,242 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    206,242
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-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 (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    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)
    Yes
     
    (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
    Yes
     
    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
    1b(4) 134,217 Democracy Fund Voice Inc Reimbursement of shared expenses
    1c 434,212 Democracy Fund Voice Inc Shared paid employees
    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? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Democracy Fund Voice Inc 501 (c) (4) Common Director - Pierre Omidyar
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description