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 07-01-2019 , and ending 06-30-2020
Name of foundation
THE BLACKSTONE CHARITABLE FOUNDATION
 
% AMY STURSBERG C/O THE FDTN
Number and street (or P.O. box number if mail is not delivered to street address)345 PARK AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10154
A Employer identification number

26-0462996
B Telephone number (see instructions)

(212) 583-5465
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$102,245,133J 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) 87,463
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,116,508 1,070,445  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,157,505
b Gross sales price for all assets on line 6a 19,123,639
7 Capital gain net income (from Part IV, line 2)... 956,361
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)....... 1,886,653 1,310,516 0
12 Total. Add lines 1 through 11........ 4,248,129 3,337,322 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 581,899     379,167
14 Other employee salaries and wages...... 902,900     902,900
15 Pension plans, employee benefits....... 255,760     255,760
16a Legal fees (attach schedule)......... 203,508 0 0 232,433
b Accounting fees (attach schedule)....... 251,335 188,501 0 49,181
c Other professional fees (attach schedule).... 842,139 242,423   599,716
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 243,350 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 713,268     720,910
22 Printing and publications.......... 2,781     2,781
23 Other expenses (attach schedule)....... 130,113 0 0 130,077
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,127,053 430,924 0 3,272,925
25 Contributions, gifts, grants paid....... 19,595,831 19,993,486
26 Total expenses and disbursements. Add lines 24 and 25 23,722,884 430,924 0 23,266,411
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -19,474,755
b Net investment income (if negative, enter -0-) 2,906,398
c Adjusted net income (if negative, enter -0-)... 0
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............. 768,136 1,595,969 1,595,969
2 Savings and temporary cash investments......... 9,373,010 2,271,405 2,271,405
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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.......... 271,603 155,338 155,338
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 15,946,566 10,905,646 10,905,646
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 80,305,512 87,316,775 87,316,775
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 106,664,827 102,245,133 102,245,133
Liabilities 17 Accounts payable and accrued expenses.......... 126,680 306,026
18 Grants payable................. 1,925,950 1,588,295
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 3,304,433 16,462,833
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) 3,045,839 3,399,634
23 Total liabilities (add lines 17 through 22)......... 8,402,902 21,756,788
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........... 98,261,925 80,488,345
25 Net assets with donor restrictions............    
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)..... 98,261,925 80,488,345
30 Total liabilities and net assets/fund balances (see instructions). 106,664,827 102,245,133
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
98,261,925
2
Enter amount from Part I, line 27a .....................
2
-19,474,755
3
Other increases not included in line 2 (itemize) bullet
3
1,701,175
4
Add lines 1, 2, and 3 ..........................
4
80,488,345
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
80,488,345
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 BLACKSTONE HOLDINGS - PASS-THRU      
b BX HOLDINGS I/II TAX RECEIVABLE AGMT      
c JPM SHORT DURATION FUND      
d PIMCO LOW DURATION INST FUND      
e FIDELITY SPARTAN US BOND INDEX      
FIMM TREASURY PORTFOLIO INSTITUTIONAL CLASS      
(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 4,727,775   4,376,019 351,756
b 685,287   0 685,287
c 307,936   310,993 -3,057
d 3,351,080   3,432,515 -81,435
e 135,036   131,226 3,810
9,916,525   9,916,525  
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       351,756
b       685,287
c       -3,057
d       -81,435
e       3,810
       
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 2 956,361
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  
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 8,769,251 95,505,790 0.091819
2017 7,918,009 83,309,819 0.095043
2016 11,496,638 81,110,786 0.14174
2015 11,546,202 90,905,589 0.127013
2014 16,685,235 103,896,766 0.160594
2
Total of line 1, column (d) .....................
2
0.616209
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
0.123242
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
103,927,233
5
Multiply line 4 by line 3......................
5
12,808,200
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
29,064
7
Add lines 5 and 6........................
7
12,837,264
8
Enter qualifying distributions from Part XII, line 4,.............
8
23,266,411
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 29,064
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  
3 Add lines 1 and 2........................... 3 29,064
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 29,064
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 96,982
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 96,982
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 67,918
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet67,918 RefundedBullet 11  
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
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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, DC, FL, IL, LA, MA, NY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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.BLACKSTONE.COM
    14
    The books are in care ofbulletAMY STURSBERG CO THE FDTN Telephone no.bullet (212) 583-5465

    Located atbullet345 PARK AVENUENEW YORKNY ZIP+4bullet10154
    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
    Yes
     
    .........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
    JOAN SOLOTAR CHAIR OF THE BOARD & DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    SEAN KLIMCZAK PRESIDENT & DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    BRIAN GAVIN TREASURER & DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    JOHN MCCORMICK SECRETARY & DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    CHRISTINE ANDERSON DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    DAVID BLITZER DIRECTOR (AS OF 9/2019)
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    KATHLEEN MCCARTHY DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    BILL MURPHY DIRECTOR (THROUGH 6/2020)
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    VERDUN S PERRY DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    PAIGE ROSS DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    VIK SAWHNEY DIRECTOR
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    MATTHEW SKURBE DIRECTOR (THROUGH 6/2020)
    1.0     		0 0 0
    345 PARK AVENUE
    NEW YORK,NY10154
    AMY STURSBERG EXECUTIVE DIRECTOR
    20.0     		581,899 86,464 0
    345 PARK AVENUE
    NEW YORK,NY10154
    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
    DAVID WACHTEL SENIOR VICE PRES.
    40.0     		225,154 8,125 0
    345 PARK AVENUE
    NEW YORK,NY10154
    ERICA LOCK MUNSKY VICE PRESIDENT
    40.0     		222,500 8,600 21,447
    345 PARK AVENUE
    NEW YORK,NY10154
    HARLEE CAPLAN ANALYST
    40.0     		171,796 1,350 6,975
    345 PARK AVENUE
    NEW YORK,NY10154
    TAKHANI KORMAH DIRECTOR
    40.0     		136,410 8,688 0
    345 PARK AVENUE
    NEW YORK,NY10154
    KAITLYN WOOD DIRECTOR
    40.0     		135,000 2,500 6,288
    345 PARK AVENUE
    NEW YORK,NY10154
    Total number of other employees paid over $50,000...................bullet 0
    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
    TECHSTARS CENTRAL INNOVATION ADVISORS 350,000
    1050 WALNUT STREET SUITE 2020
    BOULDER,CO80302
    SIMPSON THACHER & BARTLETT LLP LEGAL FIRM 200,365
    425 LEXINGTON AVENUE
    NEW YORK,NY10017
    EISNERAMPER LLP AUDITING FIRM 129,000
    733 THIRD AVENUE
    NEW YORK,NY10017
    KIWI PARTNERS ACCOUNTING SERVICES 122,335
    237 W 35TH STREET 1101
    NEW YORK,NY10001
    PICKEREL PIE ENTERTAINMENT VIDEO PRODUCTION 59,215
    10260 46TH AVENUE
    LONG ISLAND CITY,NY11101
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    2  
    3  
    4  
    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.........................bullet  
    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
    103,836,687
    b
    Average of monthly cash balances.......................
    1b
    1,673,194
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    105,509,881
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    105,509,881
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,582,648
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    103,927,233
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,196,362
    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
    5,196,362
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    29,064
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    29,064
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,167,298
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    20,000
    5
    Add lines 3 and 4............................
    5
    5,187,298
    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
    5,187,298
    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
    23,266,411
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    23,266,411
    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
    29,064
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    23,237,347
    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 5,187,298
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:2017, 2016, 2015 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 11,782,616
    b From 2015...... 7,045,440
    c From 2016...... 7,503,556
    d From 2017...... 3,776,410
    e From 2018...... 3,184,216
    fTotal of lines 3a through e........ 33,292,238
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 23,266,411
    a Applied to 2018, but not more than line 2a 0
    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..... 5,187,298
    e Remaining amount distributed out of corpus 18,079,113
    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 51,371,351
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		11,782,616
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		39,588,735
    10 Analysis of line 9:
    a Excess from 2015.... 7,045,440
    b Excess from 2016.... 7,503,556
    c Excess from 2017.... 3,776,410
    d Excess from 2018.... 3,184,216
    e Excess from 2019.... 18,079,113
    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
     
    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
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 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).)
    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
    Barry McCann CO NUA Surgical Limited
    5 Slian Tsruthain Moycullen
    Galway    
    EI     		None I BLP - Lift Cohort Grant Award 10,000
    Brian O'Mahony CO Bounce Marketing Ltd
    Unit 4044 Kingswood Avenue
    Dublin   D24 T6YE
    EI     		None I BLP - Lift Cohort Grant Award 10,000
    Centre for Entrepreneurs
    1 Mark Square
    London   EC2A 4EG
    UK     		None NC General Operating Support 150,000
    Friends of Hong Kong Charities Inc
    608 Laford Centre 838 Lai Chi Kok
    Kowloon    
    HK     		None PC General Operating Support 18,000
    Galway University Foundation Ltd
    The Gate Lodge University Road
    Galway    
    EI     		None NC Programmatic Support for Launchpad 1,000
    Impetus - The Private Equity Foundation
    183 Eversholt Street
    London   NW1 1BU
    UK     		None NC General Operating Support 160,000
    University College Cork
    Room 303B ORahilly Building
    Cork    
    EI     		None NC Programmatic Support for Launchpad 28,000
    University of Dublin Trinity College
    College Green
    Dublin    
    EI     		None NC Programmatic Support for Launchpad 31,500
    100 Women in Finance Foundation
    888C 8th Avenue
    453
    New York,NY10019     		None PC General Operating Support 14,000
    A Fair Shake for Youth
    210 West 101st Street
    New York,NY10025     		None PC General Operating Support 10,000
    Alayna Rasile CO May West Milkweed
    1405 South Grand
    Bozeman,MT59715     		None I BLP - Lift Cohort Grant Award 10,000
    Ali Forney Center
    224 West 35th Street
    Suite 1500
    New York,NY10001     		None PC General Operating Support 50,000
    Alyssa Petersel CO MyWellbeing
    216 East 14th Street
    New York,NY10003     		None I BLP - Lift Cohort Grant Award 10,000
    America SCORES New York
    520 8th Avenue
    Suite 201C
    New York,NY10018     		None PC General Operating Support 3,500
    American Australian Association
    50 Broadway
    Suite 2003
    New York,NY10004     		None PC General Operating Support 50,000
    American Red Cross
    431 18th Street NW
    Washington,DC20006     		None PC General Operating Support 1,000
    Animal Care Centers of NYC
    11 Park Place
    New York,NY10007     		None PC General Operating Support 25,000
    Animal Haven
    200 Centre Street
    New York,NY10013     		None PC General Operating Support 5,000
    Apex for Youth Inc
    120 Walker Street
    5th Floor
    New York,NY10013     		None PC General Operating Support 2,500
    Atlantic Council of the United States
    1030 15th Street NW
    12th Floor
    Washington,DC20005     		None PC General Operating Support 100,000
    Benjamin Omorina CO Lazarus Solutions LLC
    2742 Ember Pass Lane
    Katy,TX77494     		None I BLP - Lift Cohort Grant Award 10,000
    Bethel New Life Inc
    4950 West Thomas Street
    Chicago,IL60651     		None PC General Operating Support 200,000
    Boys & Girls Clubs of Metropolitan Baltimore
    1201 South Sharp Street
    Suite 302
    Baltimore,MD21230     		None PC General Operating Support 5,000
    Breakthrough New York Inc
    123 William Street
    4th Floor
    New York,NY10038     		None PC General Operating Support 2,000
    Brianna Armstrong CO Sky Paws LLC
    1403 Langford Street
    College Station,TX77840     		None I BLP - Lift Cohort Grant Award 10,000
    Bunker Labs NFP Inc
    125 South Clark Street
    17th Floor
    Chicago,IL60603     		None PC General Operating Support 225,000
    Businesses United in Investing Lending and Develo
    PO Box 3316
    Redwood City,CA94064     		None PC General Operating Support 20,000
    Caring For Military Families The Elizabeth Dole F
    600 New Hampshire Avenue NW
    Suite 1020
    Washington,DC20037     		None PC General Operating Support 25,000
    Central Park Conservancy Inc
    14 East 60th Street
    8th Floor
    New York,NY10022     		None PC General Operating Support 20,000
    Challenged Athletes Foundation Inc
    9591 Waples Street
    San Deigo,CA92121     		None PC General Operating Support 5,000
    Change for Kids Inc
    1230 Avenue of the Americas
    16th Floor
    New York,NY10020     		None PC General Operating Support 15,000
    Charities Aid Foundation America
    225 Reinekers Lane
    Suite 375
    Alexandria,VA22314     		None PC General Operating Support 560,000
    Chelsea LaFerla
    25146 Running Horse Road
    Newhall,CA91321     		None I BLP - Lift Cohort Grant Award 10,000
    Children of Fallen Patriots Foundation
    44900 Prentice Drive
    Dulles,VA20166     		None PC General Operating Support 2,500
    Children of Promise NYC
    54 Macdonough Street
    Brooklyn,NY11216     		None PC General Operating Support 500
    Children's Hospital of Philadelphia Foundation
    3401 Civic Center Boulevard
    Philadelphia,PA19014     		None PC General Operating Support 500
    Children's Specialized Hospital Foundation Inc
    150 New Providence Road
    Mountainside,NJ07092     		None PC General Operating Support 5,000
    Christ's Church of Rye Services Corporation
    2 Rectory Street
    Rye,NY10580     		None PC General Operating Support 1,000
    Citizen's Committee for New York City Inc
    77 Water Street
    Suite 202
    New York,NY10005     		None PC General Operating Support 20,000
    City Harvest Inc
    6 East 32nd Street
    5th Floor
    New York,NY10016     		None PC General Operating Support 180,000
    City Squash Inc
    602 East 187th Street
    Bronx,NY10458     		None PC General Operating Support 20,000
    City Year Inc
    287 Columbus Avenue
    Boston,MA02116     		None PC General Operating Support 80,000
    Coalition for the Homeless Inc
    129 Fulton Street
    New York,NY10038     		None PC General Operating Support 195,000
    Colgate University
    13 Oak Drive
    Hamilton,NY13346     		None PC General Operating Support 10,000
    CoreGiving Co
    10920 Via Frontera
    Suite 220
    San Diego,CA92127     		None PF General Operating Support 10,000
    Cornell University
    341 Pine Tree Road
    Ithaca,NY14850     		None PC Programmatic Support for Launchpad 25,000
    Covenant House
    461 Eighth Avenue
    New York,NY10001     		None PC General Operating Support 115,000
    Crohn's and Colitis Foundation
    733 Third Avenue
    Suite 510
    New York,NY10017     		None PC General Operating Support 250
    Daniel Couser CO Kovarvic LLC
    80 Messnes Lane
    Glenmoore,PA19343     		None I BLP - Lift Cohort Grant Award 10,000
    Diversity Organization LLC
    528 Seven Bridge Road
    Suite 118
    East Stroudsburg,PA18302     		None PC General Operating Support 10,000
    Diyalo Foundation Inc
    955 Massachusetts Avenue
    192
    Cambridge,MA02139     		None PC General Operating Support 2,500
    DreamYard
    1085 Washington Avenue
    Ground Floor
    Bronx,NY10456     		None PC General Operating Support 5,000
    Earth Matter NY Inc
    179 Rivington Street
    4A
    New York,NY10002     		None PC General Operating Support 30,000
    East Harlem Tutorial Program
    2050 Second Avenue
    New York,NY10029     		None PC General Operating Support 130,000
    Emma's Torch Ltd
    345 Smith Street
    Brooklyn,NY11231     		None PC General Operating Support 50,000
    Eric Schnell CO Craitor Inc
    5260 Fiore Terrace
    Apt L218
    San Diego,CA92122     		None I BLP - Lift Cohort Grant Award 10,000
    Fairfax Spotlight on the Arts Inc
    10455 Armstrong Street
    Suite 123
    Fairfax,VA22030     		None PC General Operating Support 2,500
    For Pete's Sake Cancer Respite Foundation
    620 West Germantown Pike
    Suite 250
    Plymouth Meeting,PA19462     		None PC General Operating Support 1,500
    Friends of Hudson River Park
    305 7th Avenue
    12th Floor
    New York,NY10014     		None PC General Operating Support 30,000
    Future Founders Foundation
    22 West Merchandise Street
    Suite 1212
    Chicago,IL60654     		None PC General Operating Support 200,000
    George Jackson Academy
    104 Saint Marks Place
    New York,NY10009     		None PC General Operating Support 10,000
    Georgetown University
    37th and O Streets NW
    Washington,DC20057     		None PC General Operating Support 25,000
    Getting Out And Staying Out Inc
    75 East 116th Street
    New York,NY10029     		None PC General Operating Support 100,000
    Giving Alternative Learners Uplifting Opportunitie
    88-03 70th Road
    Forest Hills,NY11375     		None PC General Operating Support 25,000
    Global Lyme Alliance Inc
    1290 East Main Street
    3rd Floor
    Stamford,CT06902     		None PC General Operating Support 10,000
    GlobalGiving Foundation Inc
    1110 Vermont Avenue NW
    Suite 550
    Washington,DC20005     		None PC General Operating Support 1,114,233
    God's Love We Deliver Inc
    166 Avenue of the Americas
    New York,NY10013     		None PC General Operating Support 145,000
    Governors Island Alliance Inc
    10 South Street
    Slip 7
    New York,NY10004     		None PC General Operating Support 180,000
    Gregory Brown Floyd
    8200 Neely Drive
    151
    Austin,TX78759     		None I BLP - Lift Cohort Grant Award 10,000
    Habitat for Humanity of Greater Los Angeles
    8739 Artesia Boulevard
    Bellflower,CA90706     		None PC General Operating Support 5,000
    Harboring Hearts Housing Foundation Inc
    510 5th Avenue
    3rd Floor
    New York,NY10036     		None PC General Operating Support 500
    Harlem Grown Inc
    127 West 127th Street
    Room 418
    New York,NY10027     		None PC General Operating Support 20,000
    Harlem Lacrosse and Leadership Corporation
    PO Box 708
    New York,NY10030     		None PC General Operating Support 25,000
    Harlem RBI Inc
    1991 Second Avenue
    New York,NY10029     		None PC General Operating Support 60,000
    Health Research Incorporated
    Riverview Center 150 Broadway
    Suite 560
    Menands,NY12204     		None PC General Operating Support 10,000,000
    Horton's Kids Inc
    400 Virginia Avenue SW
    Suite C-130
    Washington,DC20024     		None PC General Operating Support 2,500
    International Student House
    1825 R Street NW
    Washington,DC20009     		None PC General Operating Support 5,000
    Japan Day Inc
    1650 Broadway
    Suite 1210
    New York,NY10019     		None PC General Operating Support 10,000
    Jason Goodman CO Antithesis LLC
    152 E State Street
    Suite A
    Ithaca,NY14850     		None I BLP - Lift Cohort Grant Award 10,000
    Jennifer DeAngelis CO SuiteSocial
    70 Pine Street
    Apt 1502
    New York,NY10005     		None I BLP - Lift Cohort Grant Award 10,000
    Jewish Theological Seminary of America
    3080 Broadway
    New York,NY10027     		None PC General Operating Support 50,000
    JoyJ Initiative
    152 West 71st Street
    New York,NY10023     		None PC General Operating Support 20,000
    Kelsey Davis co CLLCTVE LLC
    4101 E Brighton Avenue
    Apt 2301
    Syracuse,NY13120     		None I BLP - Lift Cohort Grant Award 10,000
    KIPP New York Inc
    1501 Broadway
    10th Floor
    New York,NY10036     		None PC General Operating Support 50,000
    Knock Knock Give a Sock
    60 Stanford Avenue
    West Orange,NJ07052     		None PC General Operating Support 2,500
    Leadership Enterprise for a Diverse America
    315 West 39th Street
    607
    New York,NY10018     		None PC General Operating Support 5,000
    Legal Information for Families Today
    32 Court Street
    Suite 1208
    Brooklyn,NY11201     		None PC General Operating Support 2,500
    Lesbian and Gay Community Services Center Inc
    208 West 13th Street
    New York,NY10011     		None PC General Operating Support 25,000
    Let's Get Ready Inc
    50 Broadway
    25th Floor
    New York,NY10004     		None PC General Operating Support 40,000
    Let's Win Pancreatic Cancer Foundation
    442 East 72nd Street
    Suite 9D
    New York,NY10021     		None PC General Operating Support 5,000
    Madison Avenue Presbyterian Church
    921 Madison Avenue
    New York,NY10021     		None PC General Operating Support 1,000
    Mallika Chawla CO Pure Makhana LLC
    1050 Crestview Drive
    1
    Mountain View,CA94040     		None I BLP - Lift Cohort Grant Award 5,000
    Mandeep Patel CO ElecTrip
    10563 Waving Fields Drive
    Houston,TX77064     		None I BLP - Lift Cohort Grant Award 10,000
    March of Dimes
    1550 Crystal Drive
    1300
    Arlington,VA22202     		None PC General Operating Support 2,500
    Matt Shumer CO OptechVR Inc
    116 Brandywine Lane
    Melville,NY11747     		None I BLP - Lift Cohort Grant Award 10,000
    Memorial Sloan Kettering Cancer Center
    1275 York Avenue
    New York,NY10065     		None PC General Operating Support 105,000
    Mercado Global Inc
    254 36th Street
    Suite C-308
    Brooklyn,NY11232     		None PC General Operating Support 500
    Michael Broughton CO Hatch
    1001 Wilshire Boulevard
    Los Angeles,CA90017     		None I BLP - Lift Cohort Grant Award 25,000
    Michael's Mission
    120 East 29th Street
    Apt 9a
    New York,NY10016     		None PC General Operating Support 2,500
    Montana State University
    309 Montana Hall
    PO Box 172470
    Bozeman,MT59717     		None PC Programmatic Support for Launchpad 27,000
    Morehouse College
    830 Westview Drive SW
    Atlanta,GA30314     		None PC General Operating Support 50,000
    My Good Deed
    5151 California Avenue
    Suite 100
    Irvine,CA92617     		None PC General Operating Support 22,500
    Nathan Oakes CO Combplex Inc
    1191 Ellis Hollow Road
    Ithaca,NY14850     		None I BLP - Lift Cohort Grant Award 10,000
    National Collegiate Inventors & Innovators Allianc
    100 Venture Way
    Hadley,MA01305     		None PC General Operating Support 15,000
    National Court Appointed Special Advocate Associat
    100 West Harrison Street North Tow
    Suite 500
    Seattle,WA98119     		None PC General Operating Support 100,000
    New Alternatives for Children Inc
    37 West 26 Street
    New York,NY10010     		None PC General Operating Support 7,500
    New York Cares Inc
    65 Broadway
    19th Floor
    New York,NY10006     		None PC General Operating Support 115,000
    New York City Outward Bound Schools
    2946 Northern Blvd
    Long Island City,NY11101     		None PC General Operating Support 25,000
    New York Restoration Project
    254 West 31st Street
    Floor 10
    New York,NY10001     		None PC General Operating Support 10,000
    New York University
    105 East 17th Street
    2nd Floor
    New York,NY10003     		None PC Programmatic Support for Launchpad 25,000
    One Summit Inc
    4 High Street
    Suite 128
    North Andover,MA01845     		None PC General Operating Support 2,500
    PS 87 Parents Association Inc
    160 West 78th Street
    New York,NY10024     		None PC General Operating Support 500
    Pablo Peillard CO Hashing Systems Inc
    2517 Lands End Drive
    Carollton,TX75006     		None I BLP - Lift Cohort Grant Award 10,000
    Part of the Solution Inc
    2759 Webster Avenue
    Bronx,NY10458     		None PC General Operating Support 230,000
    Peer Health Exchange
    100 Webster Street
    Suite 300
    Oakland,CA94607     		None PC General Operating Support 20,000
    Philadelphia University
    4201 Henry Avenue
    Philadelphia,PA19144     		None PC General Operating Support 2,000
    Prea Foundation Inc
    100 Pearl Street
    13th Floor
    Hartford,CT06103     		None PC General Operating Support 100,000
    Prep for Prep
    328 West 71st Street
    New York,NY10023     		None PC General Operating Support 25,000
    Project Sunshine Inc
    211 East 43rd Street
    Suite 401
    New York,NY10017     		None PC General Operating Support 235,000
    Qualitas of Life Foundation
    1221 Avenue of Americas
    Suite 43241 H
    New York,NY10020     		None PC General Operating Support 25,000
    Reading Partners
    180 Grand Avenue
    Suite 800
    Oakland,CA94612     		None PC General Operating Support 70,000
    Regents of The University of California at Berkele
    2000 Carleton Street
    2842
    Berkley,CA94720     		None PC Programmatic Support for Launchpad 268,500
    Regents of the University of California at Davis
    1850 Research Park Drive
    Suite 300
    Davis,CA95618     		None PC Programmatic Support for Launchpad 138,500
    Regents of the University of California at Irvine
    Accounting Office 120 Theory
    Suite 200
    Irvine,CA92697     		None PC Programmatic Support for Launchpad 268,500
    Regents of the University of California at LA
    10920 Wilshire Boulevard
    5th Floor
    Los Angeles,CA90024     		None PC Programmatic Support for Launchpad 138,500
    Regents of the University of California at Merced
    5200 N Lake Road
    Merced,CA95343     		None PC Programmatic Support for Launchpad 268,500
    Regents of the University of California at Riversi
    900 University Avenue
    Riverside,CA92521     		None PC Programmatic Support for Launchpad 138,500
    Regents of the University of California at San Die
    9500 Gilman Drive
    La Jolla,CA92093     		None PC Programmatic Support for Launchpad 269,500
    Regents of The University of California at San Fra
    1855 Folsom Street
    Suite 425
    San Francisco,CA94143     		None PC Programmatic Support for Launchpad 138,500
    Regents of the University of California at Santa C
    1156 High Street
    Santa Cruz,CA95064     		None PC Programmatic Support for Launchpad 268,500
    Research Foundation for the State University of Ne
    35 State Street
    Albany,NY12207     		None PC Programmatic Support for Launchpad 25,000
    Reut USA
    21550 Oxnard Street
    Suite 1000
    Woodland Hills,CA91367     		None PC General Operating Support 25,000
    Ronald McDonald House New York
    405 East 73rd Street
    New York,NY10021     		None PC General Operating Support 20,000
    Room to Read
    465 California Street
    Suite 1000
    San Francisco,CA94104     		None PC General Operating Support 1,500
    Rose Gold Cosmetics
    1011 Running Stag Way
    Paso Robles,CA93446     		None I BLP - Lift Cohort Grant Award 10,000
    Row New York
    252 West 37th Street
    New York,NY10018     		None PC General Operating Support 45,000
    SEAL Future Foundation Inc
    111 E 14th Street
    393
    New York,NY10003     		None PC General Operating Support 15,000
    Seeds of Peace
    370 Lexington Avenue
    Suite 1201
    New York,NY10017     		None PC General Operating Support 1,000
    Shalin Gadhavi CO Sondr Travels LLC
    9900 Spectrum Drive
    Austin,TX78717     		None I BLP - Lift Cohort Grant Award 10,000
    Shane Nolan CO Algorhythm Technologies Inc
    1576 Sweethome Road
    Suite 217C
    Buffalo,NY14228     		None I BLP - Lift Cohort Grant Award 10,000
    Sheltering Arms Children and Family Services Inc
    305 Seventh Avenue
    New York,NY10001     		None PC General Operating Support 5,000
    Soul Ryeders Inc
    1091 Boston Post Road
    Rye,NY10580     		None PC General Operating Support 1,000
    Sponsors for Educational Opportunity Inc
    55 Exchange Place
    Suite 601
    New York,NY10005     		None PC General Operating Support 110,000
    St John Community Foundation
    PO Box 1020
    St John,VI00831     		None PC General Operating Support 2,500
    Start Small Think Big Inc
    8 West 126th Street
    3rd Floor
    New York,NY10027     		None PC General Operating Support 50,000
    Street Lab
    280 Nevins Street
    Suite 2-9
    Brooklyn,NY11217     		None PC General Operating Support 5,000
    StreetWise Partners Inc
    222 Broadway
    19th Floor
    New York,NY10038     		None PC General Operating Support 72,500
    Strive International Inc
    205 East 122nd Street
    3rd Floor
    New York,NY10035     		None PC General Operating Support 10,000
    SuitUp Incorporated
    25 Broadway
    12th Floor
    New York,NY10004     		None PC General Operating Support 25,000
    Syracuse University
    Comptrollers Office 640 Skytop Road
    Syracuse,NY132445300     		None PC Programmatic Support for Launchpad 25,000
    Tectonic Theater Project Inc
    520 8th Avenue
    Suite 313
    New York,NY10018     		None PC General Operating Support 10,000
    Temple University
    PO Box 824242
    Philadelphia,PA191824242     		None PC Programmatic Support for Launchpad 25,000
    Texas A&M University
    400 Harvey Mitchell Parkway South
    300
    College Station,TX77845     		None PC Programmatic Support for Launchpad 25,000
    The American College of Financial Services
    270 South Bryn Mawr Avenue
    Bryn Mawr,PA19010     		None PC General Operating Support 5,000
    The Chick Mission
    345 West 14th Street
    Apt 6D
    New York,NY10014     		None PC General Operating Support 2,500
    The Hospital for Special Surgery Fund Inc
    535 East 70th Street
    New York,NY10021     		None PC General Operating Support 10,000
    The Leukemia & Lymphoma Society
    3 International Drive
    Rye Brook,NY10573     		None PC General Operating Support 79,430
    The New York Center for Children
    333 East 70th Street
    New York,NY10021     		None PC General Operating Support 20,000
    The Opportunity Network
    85 Broad Street
    6th Floor
    New York,NY10004     		None PC General Operating Support 50,000
    The Trevor Project
    8704 Santa Monica Boulevard
    Suite 200
    West Hollywood,CA90069     		None PC General Operating Support 20,000
    Top Honors Incorporated
    PO Box 2009
    New York,NY10163     		None PC General Operating Support 1,000
    Trustees of the University of Pennsylvania
    3451 Walnut Street
    Philadelphia,PA19104     		None PC General Operating Support 100,000
    UJA - Federation of New York
    130 East 59th Street
    New York,NY10022     		None PC General Operating Support 32,500
    Union Settlement Association
    237 East 104th Street
    New York,NY10029     		None PC General Operating Support 110,000
    United Way of New York City
    205 East 42nd Steet
    12th Floor
    New York,NY10017     		None PC General Operating Support 40,000
    University of Albany Foundation
    1400 Washington Avenue
    UAB 226
    Albany,NY12222     		None PC Programmatic Support for Launchpad 27,000
    University of Montana
    32 Campus Drive
    Missoula,MT59812     		None PC Programmatic Support for Launchpad 41,800
    University of Texas at Dallas
    800 West Campbell Road
    Richardson,TX750803021     		None PC Programmatic Support for Launchpad 60,000
    Vanessa Bakken CO Farmented Foods LLC
    102 9th Street
    Belgrade,MT59714     		None I BLP - Lift Cohort Grant Award 10,000
    Women in Need Inc
    One State Street Plaza
    18th Floor
    New York,NY10004     		None PC General Operating Support 100,000
    World Business Chicago
    177 North State Street
    Suite 500
    Chicago,IL60601     		None PC General Operating Support 469,773
    Year Up Inc
    45 Milk Street
    Boston,MA02109     		None PC General Operating Support 45,000
    YMCA of Greater New York
    5 West 63rd Street
    6th Floor
    New York,NY10023     		None PC General Operating Support 5,000
    Youth Inc
    535 8th Avenue
    Suite 1400
    New York,NY10018     		None PC General Operating Support 130,000
    Total .................................bullet 3a 19,993,486
    bApproved for future payment
    Cherie Blair Foundation
    66 Lincolns Inn Fields
    London   WC2A 3LH
    UK     		None NC General Operating Support 35,000
    University College Cork
    Room 303B ORahilly Building
    Cork    
    EI     		None NC Programmatic Support for Launchpad 50,000
    University of Dublin Trinity College
    College Green
    Dublin    
    EI     		None NC Programmatic Support for Launchpad 50,000
    Alvin Ailey Dance Foundation Inc
    405 West 55th Street
    New York,NY10019     		None PC General Operating Support 5,000
    American Red Cross
    431 18th Street NW
    Washington,DC20006     		None PC General Operating Support 5,000
    Apollo Theater Foundation Inc
    253 West 125th Street
    New York,NY10027     		None PC General Operating Support 10,000
    Bottomless Closet
    16 East 52nd Street
    New York,NY10022     		None PC General Operating Support 20,000
    Charities Aid Foundation America
    225 Reinekers Lane
    Suite 375
    Alexandria,VA22314     		None PC General Operating Support 96,000
    Citizens Committee for New York City Inc
    30 East 125th Street
    189
    New York,NY10035     		None PC General Operating Support 30,000
    Cornell University
    341 Pine Tree Road
    Ithaca,NY14850     		None PC Programmatic Support for Launchpad 50,000
    Echoing Green
    462 Seventh Avenue
    New York,NY10018     		None PC General Operating Support 10,000
    Endeavor Global Inc
    900 Broadway
    Suite 301
    New York,NY10003     		None PC General Operating Support 2,500
    ExpandED Schools
    11 West 42nd Street
    New York,NY10036     		None PC General Operating Support 5,000
    Foundation For The Carolinas
    220 North Tryon Street
    Charlotte,NC28202     		None PC General Operating Support 50,000
    Georgetown University
    37th and O Streets NW
    Washington,DC20057     		None PC Programmatic Support for Launchpad 50,000
    Good Shepherd Services
    305 7th Avenue
    9th Floor
    New York,NY10001     		None PC General Operating Support 2,500
    Harlem Grown Inc
    127 West 127th Street
    Room 418
    New York,NY10027     		None PC General Operating Support 35,000
    Harlem RBI Inc
    1991 Second Avenue
    New York,NY10029     		None PC General Operating Support 115,000
    International Justice Mission
    PO Box 58147
    Washington,DC20037     		None PC General Operating Support 2,500
    Kelsey Davis co CLLCTVE LLC
    4101 E Brighton Avenue
    Apt 2301
    Syracuse,NY13120     		None I BLP - Lift Cohort Grant Award 10,000
    KIPP New York Inc
    470 7th Avenue
    10th Floor
    New York,NY10018     		None PC General Operating Support 10,000
    Make-a-Wish Foundation of America
    1702 East Highland Avenue
    Suite 400
    Phoenix,AZ85016     		None PC General Operating Support 15,000
    Montana State University
    309 Montana Hall
    PO Box 172470
    Bozeman,MT59717     		None PC Programmatic Support for Launchpad 50,000
    New York University
    105 East 17th Street
    2nd Floor
    New York,NY10003     		None PC Programmatic Support for Launchpad 50,000
    Pursuit Transformation Company Inc
    47-10 Austell Place
    2nd Floor
    Long Island City,NY11101     		None PC General Operating Support 20,000
    Research Foundation for the State University of Ne
    35 State Street
    Albany,NY12207     		None PC Programmatic Support for Launchpad 50,000
    Ronald McDonald House New York
    405 East 73rd Street
    New York,NY10021     		None PC General Operating Support 120,000
    Special Operations Warrior Foundation
    1137 Marbella Plaza Drive
    Tampa,FL33619     		None PC General Operating Support 5,000
    Sponsors for Educational Opportunity Inc
    55 Exchange Place
    Suite 601
    New York,NY10005     		None PC General Operating Support 95,000
    Start Small Think Big Inc
    8 West 126th Street
    3rd Floor
    New York,NY10027     		None PC General Operating Support 20,000
    Street Lab
    280 Nevins Street
    Suite 2-9
    Brooklyn,NY11217     		None PC General Operating Support 15,000
    Syracuse University
    Comptrollers Office 640 Skytop Road
    Syracuse,NY132445300     		None PC Programmatic Support for Launchpad 50,000
    Temple University
    PO Box 824242
    Philadelphia,PA191824242     		None PC Programmatic Support for Launchpad 50,000
    Texas A&M University
    400 Harvey Mitchell Parkway South
    300
    College Station,TX77845     		None PC Programmatic Support for Launchpad 50,000
    The Boys' Club of New York
    287 East 10th Street
    New York,NY10009     		None PC General Operating Support 5,000
    The Eagle Academy Foundation Inc
    31 West 125 Street
    3rd Floor
    New York,NY10027     		None PC General Operating Support 10,000
    The Leukemia & Lymphoma Society Inc
    3 International Drive
    Rye Brook,NY10573     		None PC General Operating Support 75,000
    University of Albany Foundation
    1400 Washington Avenue
    UAB 226
    Albany,NY12222     		None PC Programmatic Support for Launchpad 50,000
    University of Central Florida Foundation Inc
    12424 Research Parkway
    Suite 300
    Orlando,FL32826     		None PC Programmatic Support for Launchpad 75,000
    University of Montana
    Office of Research UH 116
    The University of Montana
    Missoula,MT59812     		None PC Programmatic Support for Launchpad 50,000
    University of Texas at Dallas
    800 West Campbell Road
    Richardson,TX750803021     		None PC Programmatic Support for Launchpad 100,000
    Women in Need Inc
    115 West 31st Street
    7th Floor
    New York,NY10001     		None PC General Operating Support 2,500
    Year Up Inc
    45 Milk Street
    Boston,MA02109     		None PC General Operating Support 3,000
    Total .................................bullet 3b 1,604,000
    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.... 525990 46,063 14 1,070,445  
    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 ............     		525990 201,144 18 956,361  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASS-THRU LIMITED PARTNERSHIP INCOME     		525990 576,137 01 1,308,668  
    bFOREIGN CURRENCY EXCHANGE GAIN 525990 0 01 1,827  
    cSECTION 965 INCLUSION THROUGH PARTNERSHIP          
    dINVESTMENT (SUBJECT TO 4940 TAX) 525990 0 01 21  
    e
    12 Subtotal. Add columns (b), (d), and (e).. 823,344 3,337,322  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,160,666
    (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)
     
    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? ...........
    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.
    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