efile Public Visual Render
ObjectId: 202213199349108336 - Submission: 2022-11-15
TIN: 91-1852739
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
For calendar year 2021, or tax year beginning
01-01-2021
, and ending
12-31-2021
Name of foundation
STEPHEN M SILBERSTEIN FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
1 CLIFF ROAD
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BELVEDERE
,
CA
949202345
A Employer identification number
91-1852739
B
Telephone number (see instructions)
(415) 435-1692
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
177,254,559
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
801,878
2
Check
.............
3
Interest on savings and temporary cash investments
448,374
448,374
4
Dividends and interest from securities
...
2,406,868
2,406,868
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
2,422,441
b
Gross sales price for all assets on line 6a
5,911,075
7
Capital gain net income (from Part IV, line 2)
...
2,422,441
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)
.......
297,125
297,125
12
Total.
Add lines 1 through 11
........
6,376,686
5,574,808
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
24,391
24,391
0
c
Other professional fees (attach schedule)
....
1,981
1,981
0
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
44,330
44,330
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
70,702
70,702
0
25
Contributions, gifts, grants paid
.......
9,875,200
9,875,200
26
Total expenses and disbursements.
Add lines 24 and 25
9,945,902
70,702
9,875,200
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-3,569,216
b
Net investment income
(if negative, enter -0-)
5,504,106
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2021)
Page 2
Form 990-PF (2021)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
7,567,661
2,294,779
2,294,779
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
9,479,508
9,584,185
48,638,044
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
51,359,126
47,256,788
105,556,267
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
15,064,142
20,765,469
20,765,469
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
83,470,437
79,901,221
177,254,559
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
84,235,234
85,037,111
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
-764,797
-5,135,890
29
Total net assets or fund balances
(see instructions)
.....
83,470,437
79,901,221
30
Total liabilities and net assets/fund balances
(see instructions)
.
83,470,437
79,901,221
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
83,470,437
2
Enter amount from Part I, line 27a
.....................
2
-3,569,216
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
79,901,221
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
79,901,221
Form
990-PF
(2021)
Page 3
Form 990-PF (2021)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
120,000 DFA INTERNATIONAL SMALL COM
2006-03-28
2021-09-23
b
70,000 DFA INTERNATIONAL SMALL COM
2006-03-28
2021-09-24
c
GOL LINHAS EXPIRED RIGHTS
2021-06-18
2021-06-18
d
CAPITAL GAINS DIVIDENDS
P
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
2,832,000
2,194,485
637,515
b
1,641,500
1,294,149
347,351
c
1,798
1,798
d
1,435,777
1,435,777
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
637,515
b
347,351
c
1,798
d
1,435,777
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
2,422,441
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Form
990-PF
(2021)
Page 4
Form 990-PF (2021)
Page
4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
76,507
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
76,507
6
Credits/Payments:
a
2021 estimated tax payments and 2020 overpayment credited to 2021
6a
42,610
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
77,500
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
120,110
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
565
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
43,038
11
Enter the amount of line 10 to be:
Credited to 2022 estimated tax
43,038
Refunded
11
0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
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
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
CA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
If "Yes," complete Part XIII
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
Yes
Form
990-PF
(2021)
Page 5
Form 990-PF (2021)
Page
5
Part VI-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
GHIRARDO CPA
Telephone no.
(415) 897-5678
Located at
7200 REDWOOD BLVD STE 403
NOVATO
CA
ZIP+4
94945
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
c
Organizations relying on a current notice regarding disaster assistance check here
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2021?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2021, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2021?
....................
2a
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2021 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2021.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021?
..
4b
No
Form
990-PF
(2021)
Page 6
Form 990-PF (2021)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.............
5a(5)
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
........
5b
c
Organizations relying on a current notice regarding disaster assistance check
.........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
.................
5d
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.............................
6a
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
.....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.........................
8
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
STEPHEN M SILBERSTEIN
PRESIDENT & TREASURER
4.00
0
0
0
1 CLIFF ROAD
BELVEDERE
,
CA
94920
PAUL SILBERSTEIN
SECRETARY
4.00
0
0
0
5500 BALBOA DRIVE
OAKLAND
,
CA
94611
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
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2021)
Page 7
Form 990-PF (2021)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
NONE
Total
number of others receiving over $50,000 for professional services
.............
0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
NONE
0
2
3
4
Part VIII-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
NONE
0
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2021)
Page 8
Form 990-PF (2021)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
142,094,364
b
Average of monthly cash balances
.......................
1b
4,976,574
c
Fair market value of all other assets (see instructions)
................
1c
22,363,163
d
Total
(add lines 1a, b, and c)
.........................
1d
169,434,101
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
169,434,101
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
2,541,512
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
166,892,589
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
8,344,629
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
8,344,629
2a
Tax on investment income for 2021 from Part V, line 5
.......
2a
76,507
b
Income tax for 2021. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
76,507
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
8,268,122
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
8,268,122
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1
...
7
8,268,122
Part XI
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
9,875,200
b
Program-related investments—total from Part VIII-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
4
9,875,200
Form
990-PF
(2021)
Page 9
Form 990-PF (2021)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2020
(c)
2020
(d)
2021
1
Distributable amount for 2021 from Part X, line 7
8,268,122
2
Undistributed income, if any, as of the end of 2021:
a
Enter amount for 2020 only
.......
6,588,816
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2021:
a
From 2016
......
b
From 2017
......
c
From 2018
......
d
From 2019
......
e
From 2020
......
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2021 from Part
XI, line 4:
$
9,875,200
a
Applied to 2020, but not more than line 2a
6,588,816
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2021 distributable amount
.....
3,286,384
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2021.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
0
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2021. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2022
..........
4,981,738
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2016 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2022.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2017
....
b
Excess from 2018
....
c
Excess from 2019
....
d
Excess from 2020
....
e
Excess from 2021
....
Form
990-PF
(2021)
Page 10
Form 990-PF (2021)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2021
(b)
2020
(c)
2019
(d)
2018
b
85% (0.85) of line 2a
.........
c
Qualifying distributions from Part XI,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed
..
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
STEPHEN M SILBERSTEIN
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2021)
Page 11
Form 990-PF (2021)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
AMERICAN CIVIL LIBERTIES UNION FOUNDATION
1633 MISSION STREET
SAN FRANCISCO
,
CA
94103
N/A
501(C)(3)
DEFEND & PRESERVE INDIVIDUAL RIGHT & LIBERTIES
1,000,000
AS YOU SOW
1611 TELEGRAPH AVE
OAKLAND
,
CA
94612
N/A
501(C)(3)
WORKING TOWARD A SAFE, JUST WORKPLACE: APPAREL SUPPLY CHAIN COMPLIANCE PROGRAMS
527,000
ASIA SOCIETY
725 PARK AVENUE
NEW YORK
,
NY
10021
N/A
501(C)(3)
BRING AWARENESS TO RECESSION OF HIMALAYAN GLACIERS.
100,000
AUTHOR'S ALLIANCE
2705 WEBSTER STREET 5805
BERKELEY
,
CA
94705
N/A
501(C)(3)
PROMOTE AUTHORSHIP TO FURTHER THE PUBLIC INTEREST IN FACILITATING WIDESPREAD ACCESS TO WORKS OF AUTHORSHIP BY ASSISTING AND REPRESENTING AUTHORS
10,000
BERKELEY PUBLIC LIBRARY FOUNDATION
2090 KITTREDGE STREET
BERKELEY
,
CA
94704
N/A
501(C)(3)
SUPPORT INNOVATION AND EXCELLENCE IN THE PROGRAMS, FACILITIES, AND SERVICES OF THE BERKELEY PUBLIC LIBRARY.
83,200
CAREER TECHNICAL EDUCATION FOUNDATION
1030 APOLLO WAY SUITE
SANTA ROSA
,
CA
95407
N/A
501(C)(3)
INNOVATING THE EDUCATION-TO-CAREER EXPERIENCE TO STRENGTHEN ECONOMIC DEVELOPMENT AND STUDENT SUCCESS
25,000
CENTER FOR AMERICAN PROGRESS
1333 H STREET NW 10TH FLOOR
WASHINGTON
,
DC
20005
N/A
501(C)(3)
SUPPORT RESEARCH & EDUCATION IN ECONOMICS
400,000
CENTER FOR POLITICAL ACCOUNTABILITY
20TH ST NW SUITE 205
WASHINGTON
,
DC
20036
N/A
501(C)(3)
SUPPORTS POLITICAL ACCOUNTABILITY AND DISCLOSURE
100,000
CITYSIDE JOURNALISM INSTITUTE
1111 BROADWAY SUITE 300
OAKLAND
,
CA
94607
N/A
501(C)(3)
TO HELP PEOPLE FEEL MORE ENGAGED WITH THEIR CITY AND WITH ONE ANOTHER
75,000
COMMON CAUSE
1133 19TH STREET NW 9TH FLOOR
WASHINGTON
,
DC
20036
N/A
501(C)(3)
VEHICLE FOR CITIZENS TO MAKE VOICES HEARD IN POLITICAL PROCESS & HOLD ELECTED LEADERS ACCOUNTABLE
100,000
CONGRESSIONAL PROGRESSIVE CAUCUS CENTER
80 F ST NW
WASHINGTON
,
DC
20005
N/A
501(C)(3)
IDENTIFIES AND DEVELOPS SOLUTIONS TO BUILD A MORE JUST, EQUITABLE, AND RESILIENT NATION
100,000
DEMOCRACY NOW
PO BOX 693
NEW YORK
,
NY
10013
N/A
501(C)(3)
SUPPORT PUBLIC RADIO JOURNALISM
200,000
ECONOMIC POLICY INSTITUTE
1333 H ST NW 11TH FLOOR
WASHINGTON
,
DC
20005
N/A
501(C)(3)
THINK TANK TO BROADEN DISCUSSION OF ECONOMIC ISSUES TO INCLUDE LOWER/MIDDLE CLASS
150,000
EDIBLE SCHOOLYARD FOUNDATION
1781 ROSE ST
BERKELEY
,
CA
94703
N/A
501(C)(3)
PROMOTE HEALTHY EATING HABITS FOR SCHOOLCHILDREN
50,000
FORDHAM UNIVERSITY SCHOOL OF LAW
150 WEST 62ND STREET
NEW YORK
,
NY
10023
N/A
501(C)(3)
ASSIST STUDENTS OF COLOR TO ACHIEVE THEIR PROFESSIONAL GOALS AND INCREASE DIVERSITY IN LEGAL EDUCATION AND PROFESSION.
10,000
FOUNDATION FOR THE FUTURE OF LITERATURE AND LITERACY
1569 SOLANO AVENUE 635
BERKELEY
,
CA
94707
N/A
501(C)(3)
PROMOTE LITERATURE AND LITERACY AMONG PEOPLE OF ALL AGES
150,000
GOOD JOBS FIRST
1616 P STREET NW SUITE 210
WASHINGTON
,
DC
20036
N/A
501(C)(3)
PROMOTING ACCOUNTABILITY IN ECONOMIC DEVELOPMENT
50,000
GREEN SCIENCE POLICY INSTITUTE
PO BOX 5455
BERKELEY
,
CA
94705
N/A
501(C)(3)
CREATE A SUSTAINABLE RELATIONSHIP AMONG ONE ANOTHER
50,000
GREENBELT ALLIANCE
631 HOWARD ST STE 510
SAN FRANCISCO
,
CA
94105
N/A
501(C)(3)
ADVOCATE, PROVIDE EXPERTISE ON, AND BUILD SUPPORT BEHIND PUBLIC POLICY AND PLANNING THAT SUPPORTS OPEN SPACE CONSERVATION AND SMART GROWTH.
50,000
HUMAN RIGHTS WATCH
350 FIFTH AVE 34TH FLOOR
NEW YORK
,
NY
10118
N/A
501(C)(3)
DEFEND & PRESERVE INDIVIDUAL RIGHTS & LIBERTIES
300,000
INEQUALITY MEDIA
1918 BONITA AVENUE
BERKELEY
,
CA
94710
N/A
501(C)(3)
TO CREATE FILMS THAT BRING AWARENESS TO SOCIAL ISSUES INCLUDING INEQUALITY
100,000
INSTITUTE FOR POLICY STUDIES
1301 CONNECTICUT AVE NW SUITE 600
WASHINGTON
,
DC
20036
501(C)(3)
BUILDING A MORE EQUITABLE, ECOLOGICALLY SUSTAINABLE, AND PEACEFUL SOCIETY BY TURNING IDEAS INTO ACTION.
50,000
INSTITUTE ON TAXATION & ECONOMIC POLICY
1616 P STREET STE 200
WASHINGTON
,
DC
20036
N/A
501(C)(3)
ENSURES THAT ELECTED OFFICIALS, MEDIA, AND THE GENERAL PUBLIC HAVE ACCESS TO ACCURATE, TIMELY, AND STRAIGHTFORWARD INFORMATION ON CURRENT AND PROPOSED TAX POLICIES.
75,000
JOHN BURTON FOUNDATIONCOMMUNITY INITIATIVES
220 MONTGOMERY ST 1142
SAN FRANCISCO
,
CA
94104
N/A
501(C)(3)
PROMOTES VALUES OF NURTURING CHILDREN AND YOUTH WHO ARE LESS FORTUNATE
50,000
KITCHEN SISTERS PRODUCTIONS
916 KEARNY ST
SAN FRANCISCO
,
CA
94133
N/A
501(C)(3)
EDUCATIONAL RADIO BROADCASTING
10,000
KOVNO COMMUNICATIONS
2600 TENTH STREET 628
BERKELEY
,
CA
94710
N/A
501(C)(3)
DEVELOP, PRODUCE, AND DISTRIBUTE FILM AND VIDEO FOR EDUCATIONAL PURPOSES
15,000
MARIN COUNTY BICYCLE COALITION
PO BOX 1115
FAIRFAX
,
CA
94978
N/A
501(C)(3)
IMPROVING OUR COUNTRY'S ROADS, MULTI-USE PATHWAYS, AND OFF-ROAD FACILITIES FOR CYCLISTS AND PEDESTRIANS.
25,000
MEDIA MATTERS FOR AMERICA
1627 K ST NW STE 800
WASHINGTON
,
DC
20006
N/A
501(C)(3)
EDUCATIONAL RADIO BROADCASTING
400,000
MILITARY RELIGIOUS FREEDOM FOUNDATION
13170 B CENTRAL AVE STE 255
ALBUQUERQUE
,
NM
87123
N/A
501(C)(3)
PROTECT CONSTITUTIONALLY MANDATED RELIGIOUS FREEDOM
35,000
NATIONAL REDISTRICTING FOUNDATION
PO BOX 7459
WASHINGTON
,
DC
20044
N/A
501(C)(3)
TO DISMANTLE UNFAIR ELECTORAL MAPS AND CREATE A REDISTRICTING SYSTEM BASED ON DEMOCRATIC VALUES
150,000
OUTDOOR AFRO
2323 BROADWAY
OAKLAND
,
CA
94612
N/A
501(C)(3)
INSPIRE AND PROMOTE AFRICAN AMERICAN CONNECTIONS AND LEADERSHIP IN NATURE
75,000
PATRIOTIC MILLIONAIRES
1701 K STREET NW SUITE 750
WASHINGTON
,
DC
20006
N/A
501(C)(3)
COMMITTED TO BUILDING A MORE PROSPEROUS, STABLE, AND INCLUSIVE NATION THROUGH ECONOMIC POLICIES AND POLITICAL PROCESS POLICIES
50,000
PLANNED PARENTHOOD FOUNDATION
434 WEST 33RD STREET
NEW YORK
,
NY
10001
N/A
501(C)(3)
DELIVER HEALTH CARE SERVICES, SEX EDUCUCATION
100,000
PLOUGHSHARES FUND
1808 WEDEMEYER STREET SUITE 200
SAN FRANCISCO
,
CA
94129
N/A
501(C)(3)
SUPPORT EXPERTS AND ADVOCATES WHO IMPLEMENT SMART STRATEGIES TO SECURE A MORE PEACEFUL WORLD
25,000
PROGRESSIVE CHANGE INSTITUTE
PO BOX 73395
WASHINGTON
,
DC
20056
N/A
501(C)(3)
USE CUTTING EDGE TECHNOLOGY TO HARNESS THE POWER OF PEOPLE BEHIND NEW IDEAS AND INJECT THOSE IDEAS INTO MAINSTREAM POLITICAL DISCOURSE
125,000
PROPUBLICA
ONE EXCHANGE PLAZA 23RD FLOOR
NEW YORK
,
NY
10006
N/A
501(C)(3)
INVESTIGATIVE REPORTING
250,000
PUBLIC CITIZEN FOUNDATION
1600 20TH ST NW
WASHINGTON
,
DC
20009
N/A
501(C)(3)
SERVES AS THE PEOPLE'S VOICE IN THE NATION'S CAPITAL.
100,000
QUINCY INSTITUTE FOR RESPONSIBLE STATECRAFT
30 IRVING PLACE 10TH FLOOR
NEW YORK
,
NY
10003
501(C)(3)
PROMOTE IDEAS THAT MOVE US FOREIGN POLICY AWAY FROM ENDLESS WAR AND TOWARD VIGOROUS DIPLOMACY IN THE PURSUIT OF INTERNATIONAL PEACE.
25,000
RAINFOREST ACTION NETWORK
221 PINE ST 5TH FLOOR
SAN FRANCISCO
,
CA
94104
N/A
501(C)(3)
CAMPAIGNS FOR FORESTS
15,000
SAN FRANCISCO BAYKEEPER
785 MARKET ST STE 850
SAN FRANCISCO
,
CA
94103
N/A
501(C)(3)
ADDRESSING THE GREATEST THREATS TO THE SF BAY.
15,000
SAN FRANCISCO MIME TROUPE
855 TREAT AVENUE
SAN FRANCISCO
,
CA
94110
N/A
501(C)(3)
CREATES AND PRODUCES THEATER THAT PRESENTS A WORKING-CLASS ANALYSIS OF THE VENTS THAT SHAPE OUR SOCIETY, EXPOSE SOCIAL AND ECONOMIC INJUSTICE, AND DEMANDS REVOLUTIONARY CHANGE.
25,000
SAN FRANCISCO PLANNING & URBAN RESEARCH ASSOCIATION
654 MISSION STREET
SAN FRANCISCO
,
CA
94105
N/A
501(C)(3)
USE RESEARCH, EDUCATION, AND ADVOCACY TO PROMOTE GOOD PLANNING AND GOVERNMENT IN THE SAN FRANCISCO BAY AREA
50,000
SAVE THE BAY
1600 BROADWAY STE 300
OAKLAND
,
CA
94612
N/A
501(C)(3)
WORKS TO PROTECT & RESTORE THE SAN FRANCISCO BAY
50,000
SIERRA CLUB FOUNDATION
85 SECOND ST
SAN FRANCISCO
,
CA
94105
N/A
501(C)(3)
PROTECT WILD PLACES & RESPONSIBLE RESOURCE USE
200,000
THE JMT WILDERNESS CONSERVANCY
2120 AVY AVENUE
MENLO PARK
,
CA
94025
TO RESTORE AND CONSERVE THE WILDERNESS, WILDLIFE, AND WATERS ALONG THE JOHN MUIR TRAIL.
5,000
THE LIVING NEW DEAL
505 MCCONE HALL
BERKELEY
,
CA
94720
N/A
501(C)(3)
AIMS TO PRESERVE NEW DEAL ART AND ARCHITECTURE FROM DESTRUCTION OR PRIVATIZATION AS WELL AS HELPING COMMUNITIES REDISCOVER THEIR HERITAGE
25,000
UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION
2080 ADDISON ST STE 200
BERKELEY
,
CA
94720
N/A
501(C)(3)
EDUCATION
4,000,000
VOICES FOR PROGRESS
312 ARIZONA AVENUE
SANTA MONICA
,
CA
90401
N/A
501(C)(3)
ADVOCATES FOR THE PUBLIC INTEREST ON TOPICS SUCH AS THE CLIMATE, INCOME INEQUALITY, AND A FAIR DEMOCRACY
100,000
WASHINTON MONTHLY
1200 18TH STREET NW SUITE 330
WASHINGTON
,
DC
20036
N/A
501(C)(3)
OFFER INNOVATIVE SOLUTIONS TO GET THE BEST PEOPLE TO WORK FOR THE GOVERNMENT AND THE BEST GOVERNMENT FOR THE PEOPLE
200,000
Total
.................................
3a
9,875,200
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2021)
Page 12
Form 990-PF (2021)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
14
2,406,868
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
448,374
4
Dividends and interest from securities
....
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
2,422,441
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
5,574,808
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
5,574,808
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2021)
Page 13
Form 990-PF (2021)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2022-11-14
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
JENNIFER GUGLIELMO
Preparer's Signature
Date
Check if self-
employed
PTIN
P01003977
Firm's name
GHIRARDO CPA
Firm's EIN
68-0232047
Firm's address
7200 REDWOOD BLVD SUITE 403
NOVATO
,
CA
94945
Phone no.
(415) 897-5678
Form
990-PF
(2021)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description