TY 2020 GeneralExplanationAttachment

Instrumentl eFile RenderObject ID: 202221329349104017 - Rendered 2024-05-07 TIN: 13-6108163

TY 2020 GeneralExplanationAttachment

Name:

SURDNA FOUNDATION INC

ATT MARC DE VENOGE

EIN:

13-6108163

Identifier	Return Reference	Explanation
PART IX-B, LINE 1:	PART IX-B, LINE 1:	SUMMARY OF PROGRAM-RELATED INVESTMENTS - INVESTMENT in FOUNDERS FIRST CAPITAL PARTNERS, INC., A DELAWARE CORPORATION. Founders First Capital Partners is building a comprehensive ecosystem through its proprietary platform to empower underrepresented founders to become leading premium wage job creators within their communities. The Corporation provides revenue-based funding and advisory services to service-based small businesses located outside of major capital markets.
PART IX-B, LINE 2:	PART IX-B, LINE 2:	SUMMARY OF PROGRAM-RELATED INVESTMENTS - INVESTMENT in 1863 VENTURE FUND I, L.P., A DELAWARE PARTNERSHIP. 1863 Ventures will focus on making convertible notes, demand dividend notes, or royalty shares to New Majority Entrepreneurs (NME) that are building companies focused on growing revenue and profitably. NMEs are historically overlooked entrepreneurs from underserved communities represented by women and people of color.
PART IX-B, LINE 3:	PART IX-B, LINE 3:	SUMMARY OF OTHER PROGRAM-RELATED INVESTMENTS: a) INVESTMENT IN IMPACT ENGINE.......................$272,880. b) INVESTMENT IN ILLUMEN CAPITAL.....................$210,816. c) INVESTMENT IN LIVING CITIES.......................$166,691. D) INVESTMENT IN IMPACT AMERICA II...................$110,468. e) INVESTMENT IN IMPACT AMERICA I....................$ 7,563. f) INVESTMENT IN VAMOS VENTURES......................$ 6,332. Total................................................$774,750.
PART XV, LINE 3B:	PART XV, LINE 3B:	Grants and contributions approved for future payment: The difference of $6,617 between what Surdna Foundation, Inc. reported on Part II, Line 18 ($38,738,383) and what they reported on the schedule of grants and contributions approved for future payment on Part XV, Line 3b ($38,745,000) is attributable to a present value discount at 5% under generally accepted accounting principles ("GAAP").