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Return of Private Foundation OMB No 1545-0052 Form 990-PF 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. Department of the Treasury ► 20 16 www.irs.gov/form990pf. Internal Revenue Service ► Information about Form 990-PF and its separate instructions is at For calendar year 2016 or tax year beginning , and ending Name of foundation A Employer identification number

THE WILLIAM PENN FOUNDATION 23-1503488 Number and street (or P O box number if mail is not delivered to street address ) Room/suite B Telephone number TWO LOGAN SQUARE 11TH FLOOR 215- 988-1830

City or town, state or province , country, and ZIP or foreign postal code C If exempt i on application is pending , check here ► PHILADELPHIA, PA 19103 G Check all that apply: Initial return L_J Initial return of a former public charity D 1. Foreign organizations, check here Q Final return El Amended return 2. Foreign organizations meeting the 85% test D Address chan ge D Name change check here and attach computation H Check type of organization - X Section 501 (c)(3) exempt private foundation E If private foundation status was terminated 0 Section 4947( a)(1) nonexempt charitable trust 0 Other taxable private foundation under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method: Cash Accrual F If the foundation is in a 60-month termination (from Part ll, col (c), line 16) © Other (specify ) MODIFIED ACCRUAL under section 507(b)(1)(B), check here ► $ 2 , 2 8 7 , 8 7 4 , 0 7 9 , (Part 1, column (d) must be on cash basis) Part I Analysis of Revenue and Expenses (a) Revenue and (b ) Net investment (c) Adjusted net (d ) Disbursements (7he total of amounts in columns (b), (c), and (o) may not for charitable purposes necessarily equal the amounts in column (a)) expenses per books income income (cash basis only) I Contributions , gifts, grants, etc ., received N/A

2 Check ► a it the foundation is not required to attach Sell B o 3 on savings and temporary cash investments 480. 4 80 . S TATEMENT 2 4 Dividends and interest from securities 20,931,844. 41,070,760. S TATEMENT 3 5a Gross rents

b Net rental income or (loss) I\ 6a Net gain or (loss ) from safe of assets not on line 10 96,094,511. S TATEMENT 1 O C b Gross sales price for all N assets on line 6a 96 , 094 , 511. (' > 7 Capital gain net income (from Part IV, line all- d 2) 6 8 ,953,793. 8 Net short-term capital gain 0 W 10 9 Income modifications NO 21 2 8 11 -17 (n O Gross sales less returns -il I" 1 ^a and allowances

b Less Cost of goods sold w c Gross profit or (loss) z 11 Other income 5,745,167. S TATEMENT 4 12 Total. Add lines 1 through 11 117, 026 , 835 115, 770 , 200 . 0 13 Compensation of officers, directors , trustees , etc 1 , 185 , 384 . 771 , 408 . 413 , 977 14 Other employee salaries and wages 3, 467, 152 . 810 , 714. 2, 443, 068 . 15 Pension plans, employee benefits 722 , 392 . 135 ,158 . 703 , 833 . 16a Legal fees STMT 5 359,520. 21,199. 338,321. a Accounting fees STMT 6 88,735. 0. 60, 600. X b c Other professional fees STMT 7 8,404 ,469. 8,146,895. 353,802. 17 Interest 1,737 , 722. 18 Taxes STMT 8 7,271,221. 1,159,205. 182,332. 19 Depreciation and depletion 115 , 496 . 25 , 246 . E 20 Occupancy 376, 907. 78, 084. 298, 824. a 21 Travel, conferences , and meetings 453 , 827 . 130 , 976 . 316 , 499 . Mc 22 Printing and publications M 23 Other expenses STMT 9 1,666,305. 12,004,041. 1,423,579. 1; 24 Total operating and administrative C, expenses . Add lines 13 through 23 24, 111 , 408 . 25, 020 , 648. 6, 534, 8 3 5. 0 25 Contributions , gifts, grants paid 115 , 950 , 8 4 7. 115 , 4 8 6 , 8 0 2 26 Total expenses and disbursements. Add lines 24 and 25 140, 062, 255. 25, 020, 648. 122, 021, 637. 27 Subtract line 26 from line 12.

a Excess of revenue over expenses and disbursements -23 , 035, 420. b Net investment income (if negative, enter -0-) 9 0 , 7 4 9, 5 5 2. c Adjusted net income (if negative enter -o-) N/A 623501 11-23-16 LHA For Paperwork Reduction Act Notice , see instructions. Form 990-PF (2016) Form 990-PF (20161 THE WILLIAM PENN FOUNDATION 23-1503488 Pane2 A111chedschedules and amounts in the description Beginning of year End of year Part II Balance Sheets column should be Iorend -of year amounts oath (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-Interest-bearing 325,939. 443,447. 443,447. 2 Savings and temporary cash investments 26,694,937. 28,646,302. 28,646,302 -. 972. 3 Accounts receivable ► Less allowance for doubtful accounts ► 1,991. 972. 972. 4 Pledges receivable ► Less. allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons

7 Other notes and loans receivable ► Less: allowance for doubtful accounts ► Y 8 Inventories for sale or use y 9 Prepaid expenses and deferred charges 2,192,513. 2,184,547. 2,184,547. a 10a Investments - U.S. and state government obligations STMT 11 97,346,385. 140,381,003. 140,381,003. b Investments - corporate stock STMT 12 1,00z 630,173. 989 , 081, 903. 989,081,903. c Investments - corporate bonds STMT 13 136,815,562. 113,279,029. 113,279,029. 11 Investments-land buildings and equipment basis ►

Less accumulateddepremahon ► 12 Investments - mortgage loans 13 Investments - other STMT 14 1,003 718,840. 1,013 , 509 , 721. 1 , 013 , 509,721. 14 Land, buildings, and equipment, basis ► 4 , 0 7 2 , 3 7 0 Less accumulated depreciation ► 3, 725,215 . 298,354. 347,155. 347,155. 15 Other assets (describe ► 16 Total assets (to be completed by all filers - see the instructions, Also, see page 1, item l 2,270 , 024,694, 2,287 , 874 , 079. 2 , 287 , 874,079. 17 Accounts payable and accrued expenses 3,917,313. 9,311,061. 18 Grants payable 39,684,451. 40,179,747. a, 19 Deferred revenue

20 Loans from officers, directors trustees, and other disqualified persons m 21 Mortgages and other notes payable 22 Other liabilities (describe ► STATEMENT 15 ) 3,253,693. 3,101,721.

23 Total liabilities add lines 17 through 22 46,855,457. 52,592,529. Foundations that follow SFAS 117, check here ► X and complete lines 24 through 26 and lines 30 and 31. N 24 Unrestricted 1,290 254,751. 1,288 094,841. 2 25 Temporarily restricted 932,914,486. 947,186,709. co 26 Permanently restricted Foundations that do not follow SFAS 117, check here ► 0 LL and complete lines 27 through 31 y 27 Capital stock, trust principal, or current funds 28 Paid-in or capital surplus, or land, bldg., and equipment fund N < 29 Retained earnings, accumulated income, endowment, or other funds 2,223 169,237. 2,235 281,550. Z41 30 Total net assets or fund balances

31 Total liabilities and net assets/fund balances 2,270 , 024,694. 2,287 , 874 , 079. 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 30 (must agree with end -of-year figure reported on prior year' s return ) 1 2,223 , 169,237. 2 Enter amount from Part I, line 27a 2 -23,035,420. 3 Other increases not included in line 2 (itemize) ► CURRENT YEAR UNREALIZED LOSSES 3 35,147,733. 4 Add lines 1, 2 , and 3 4 2,235 , 281,550 , 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 30 6 2,235,281,550. Form 990-PF (2016)

623511 11-23-16 Form 990-PF (2016) THE WILLIAM PENN FOUNDATION 23-1503488 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income sold ow acquire Date acquired (d) Date sold (a) List and describe the kind(s) of property (e.g , real estate, - Purchase (c) 2-story brick warehouse; or common stock, 200 shs. MLC Co D - Donation (mo., day, yr.) (mo., day, yr.) 1a SEE STATEMENT A P b c d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a 96,094,511. 27,140,718. 68,953,793. b C d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus (j) Adjusted basis (k) Excess of col. (i) cof (k), but not less than -0-) or Losses (from col. (h)) (i)F M V. as of 12/31/69 as of 12/31/69 over col. (I), if any a 68,953,793. b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If (loss), enter -0- in Part I, line 7 2 68 ,953 ,793. 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). If ( loss ), enter -0- in Part I, line 8 3 N/A 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? 1-1 Yes © No If "Yes," the foundation does not quality under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see the instructions before making any entries (a ) Base period years (c) Distribution ratio Calendar year (or tax year beginning in) Adjusted qualifying(m distributions Net value of noncharitable-use assets (col. (b) divided by col. (c)) 2015 114,957,521. 2,310,418,633. .049756 2014 96,200,031. 2,281,362,046. .042168 2013 85,187,146. 2,106,021,931. .040449 2012 85,743,894. 1,934,482,648. .044324 2011 87,437,696. 1,967,736,691. .044436

2 Total of line 1, column (d) 2 .221133 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years 3 . 0 4 4 2 2 7

4 Enter the net value of noncharitable-use assets for 2016 from Part X, line 5 4 2 , 2 21 , 5 3 5 , 3 8 5 .

5 Multiply line 4 by line 3 5 98,251,845.

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 907,496,

7 Add lines 5 and 6 7 9 9 ,159,341.

B Enter qualifying distributions from Part XII, line 4 8 122, 151,766. 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 623521 11-23.16 Form 990-PF (2016) Form990-PF 2016 THE WILLIAM PENN FOUNDATION 23-1503488 Page4 Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions) Exempt on la operating foundations described in section 4940(d)(2), check here ► and enter "N/A" line 1. Date of ruling or determination letter (attach copy of letter if necessary-see instructions) It Domestic foundations that meet the section 4940(e) requirements in Part V, check here ► OX and enter 1% 1 9 0 7 , 4 9 6 of Part I, line 27b c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col (b). 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0 3 Add lines 1 and 2 3 907,496 . 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 9 0 7 , 4 9 6 6 Credits/Payments: a 2016 estimated tax payments and 2015 overpayment credited to 2016 6a 3,050,933. 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 3,050,933. 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 ► 9 10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10 2,143,437. 11 Enter the amount of line 10 to be Credited to 2017 estimated tax ► 2 ,14 3 , 4 3 7 . Refunded - 11 0. Part VII-A Statements Regarding Activities la During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in Yes No any political campaign'? la X b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for the definition)? 1b X If the answer is "Yes" to la 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 1 120-POL for this year? 1c X 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 X 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 X 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X b If "Yes," has it filed a tax return on Form 990-T for this year? 4b X 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 5 X 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 X 7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes, " complete Part //, col. (c), and Part XV 7 X

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ► PA, DE b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G9 If "No," attach explanation 8b X 9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(1)(3) or 4942(j)(5) for calendar year 2016 or the taxable year beginning in 2016 (see instructions for Part XIV)? If "Yes," complete Part XIV 9 X 10 Did any persons become substantial contributors during the tax year? H "Yes.' attach a schedule rasing them names and addresses 10 X Form 990-PF (2016)

623531 11.23-16 Form 990-PF 2016 THE WILLIAM PENN FOUNDATION 23-1503488 Page Part VII-A Statements Regarding Activities (continued) Yes No 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 X 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 X 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 1 X Website address ► WILL IAMPENNFOUNDATION. ORG 14 The books are in care of ► SHAWN MCCANEY Telephone no. ► 215 - 9 8 8 -18 3 O Located at ► TWO LOGAN SQUARE 11TH FLOOR, PHILADELPHIA, PA ZIP+4 3 15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here W'ET and enter the amount of tax-exempt interest received or accrued during the year ► 15 N/A 16 At any time during calendar year 2016, did the foundation have an interest in or a signature or other authority over a bank, Yes No securities, or other financial account in a foreign country? 16 X See the instructions for exceptions and filing requirements for FmCEN Form 114. If "Yes; enter the name of the foreign country ► OTHER COUNTRY 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 la 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? Yes © No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? E:1 Yes ® No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? Yes © No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? © Yes 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)? 0 Yes ©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 ) 0 Yes OX No b If any answer is "Yes" to la(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 X Organizations relying on a current notice regarding disaster assistance check here ► c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected before the first day of the tax year beginning in 20167 1c X 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(1)(3) or 4942(j)(5)). a At the end of tax year 2016, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2016? 0 Yes XX No If 'Yes," list the years ► 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 ) N/A 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

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? Yes ® No IT b If "Yes; did it have excess business holdings in 2016 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 2016) N/A 3b 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? X 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 ieooardv before the first day of the tax near beginning in 2016? I4bI IX Form 990-PF (2016)

623541 11-23-16 Form990-PF 2016 THE WILLIAM PENN FOUNDATION 23-1503488 Page6 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: (1) Carry on propaganda , or otherwise attempt to influence legislation (section 4945 (e))? 0 Yes © No (2) Influence the outcome of any specific public election ( see section 4955 ), or to carry on, directly or indirectly, any voter registration drive? 0 Yes © No (3) Provide a grant to an individual for travel, study, or other similar purposes? E:1 Yes EX No (4) Provide a grant to an organization other than a charitable, etc ., organization described in section 4945 (d)(4)(A)? (see instructions ) 0 Yes 0 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 0 Yes OX 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 X Organizations relying on a current notice regarding disaster assistance check here ► 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? SEE STATEMENT 17 MX Yes 0 No 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? Yes OX No b Did the foundation, during the year, pay premiums, directly or indirectly , on a personal benefit contract? 6b X 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 transactions Yes ® No b If 'Yes," did the foundation receive any proceeds or have any net income attributable to the transaction? N/A 7b 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. (b) Title, and average (c) Compensation (COContributionsto (e) Expense plans (a) and address hours per week devoted (If not paid , employee benefit account, other ) to position enter -0-) compensation allowances

SEE STATEMENT 16 1, 185 384. 15,904.

2 compensation of live rlighest-Date employees (other than those incluaed on fine ii. it none, enter "NUN t." Title, and average Contributions to (e) Expense (b'h employee account, other (a) Name and address of each employee paid more than $50,000 ours per week (c) Compensation and betnefitplans devoted to position co mpensation allowances JEFFREY JACKMAN DIRECTOR OF I NV ESTMENT S TWO LOGAN SQ 11TH FL, PHILA, PA 19103 40.00 233,274. 37,148. 1,092. SHAWN MCCANEY PROGRAM OFFIC ER TWO LOGAN SQ 11TH FL, PHILA, PA 19103 40.00 221,131. 34,057. 1,092. AMY CHAN INVESTMENT AN ALYST TWO LOGAN SQ 11TH FL, PHILA, PA 19103 40.00 225,039. 17,806. 0. ANDREW JOHNSON PROGRAM OFFIC ER TWO LOGAN SQ 11TH FL, PHILA, PA 19103 40.00 152,457. 21,303. 1,092. OLIVE MOSIER ROGRAM OFFIC ER TWO LOGAN SQ 11TH FL, PHILA, PA 19103 40.00 149,013. 23,795. 1,092. Total number of other employees paid over $50,000 ► 2 b Form 990-PF (2016)

623551 11-23-16 Form 990-PF 2016 THE WILLIAM PENN FOUNDATION 23-1503488 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. If none, enter "NONE." (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation FRONTIER CAPITAL MANAGEMENT COMPANY 99 SUMMER STREET, 20TH FL, BOSTON, MA 02110 INVESTMENT COUNSEL 842,576. WALTER SCOTT & PARTNERS LTD ONE CHARLOTTE SQUARE, EDINBURGH EH2 4DR INVESTMENT COUNSEL 782,325. PRIMECAP MANAGEMENT COMPANY - 225 S. LAKE AVENUE, PASADENA, CALIFORNIA, UNITED KINGDOM INVESTMENT COUNSEL 670,247. BAILLIE GIFFORD GLOBAL - CALTON SQUARE 1 GREENSIDE ROW, EDINBURGH, SCOTLAND, UNITED K INVESTMENT COUNSEL 613,231. JP MORGAN ALTERNATIVE ASSETS MGMT 270 PARK AVENUE, NEW YORK, NY 10017 INVESTMENT COUNSEL 539,183. Total number of others receiving over $50,000 for professional services ► 21 Part IX-A I 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 Expenses number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. N/A

2

3

4

Part IX -B I Summarv of Program - Related Investments Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount t N/A

2

All other program-related investments. See instructions 3

0. Total . Add lines 1 throu g h 3 ► Form 990-PF (2016)

623561 11-23-16 Form 990-PF (2016) THE WILLIAM PENN FOUNDATION 23-1503488 Page8

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 la 2 , 2 4 9, 7 7 2, 0 6 5. b Average of monthly cash balances lb 5,593,808. c Fair market value of all other assets 1c d Total (add lines la, b, and c) l d 2,255,365,873 . e Reduction claimed for blockage or other factors reported on lines la and 1c (attach detailed explanation) le 0. 2 Acquisition indebtedness applicable to line 1 assets 2 0 3 Subtract line 2 from line 1d 3 2,255,365,873. 4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 33,830,488 5 Net value of noncharitable - use assets Subtract line 4 from line 3. Enter here and on Part V, line 4 5 2,221,535,385 6 Minimum investment return . Enter 5% of line 5 6 111,076,769 Part XI Distributable Amount (see instructions) (Section 4942(j)(3) and (1)(5) private operating foundations and certain foreign organizations check here ► and do not complete this part.) 1 Minimum investment return from Part X, line 6 1 111,076,769 2a Tax on investment income for 2016 from Part VI, line 5 2a 907,496. b Income tax for 2016. (This does not include the tax from Part VI.) 2b 12,478. c Add lines 2a and 2b 2c 919 , 974._ 3 Distributable amount before adjustments. Subtract line 2c from line 1 3 110, 15 6 , 7 9 5 4 Recoveries of amounts treated as qualifying distributions 4 2 2 , 8 5 0 5 Add lines 3 and 4 5 110, 179,645. 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 XIII, line 1 7 110, 17 9 , 6 4 5 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 la 122,021,637. b Program -related investments - total from Part IX-8 lb 0. 2 Amounts paid to acquire assets used ( or held for use) directly in carrying out charitable , etc , purposes 2 13 0 , 12 9 . 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 la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 122,151,766. 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 5 907,496. 6 Adjusted qualifying distributions Subtract line 5 from line 4 6 121, 244,270. 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 (2016)

623571 11-23-16 Form 990-PF ( 2016) THE WILLIAM PENN FOUNDATION 23 -1503488 Page 9 Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d) Corpus Years prior to 2015 2015 2016 1 Distributable amount for 2016 from Part XI, llne7 110,179,645.

2 Undistributed income , if any as of the end of 2016 a Enter amount for 2015 only 26,189,170. b Total for prior years: 0. 3 Excess distributions carryover-, d any, to 2016. a From 2011 b From 2012 c From 2013 dFrom 2014 eFrom 2015 f Total of lines 3a through e 0. 4 Qualifying distributions for 2016 from Part Xll,line 4.Ili, $122,151, 766. aApplied to 2015, but not more than line 2a 26, 189,170. 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 2016 distributable amount 95,962,596. e Remaining amount distributed out of corpus 0.

5 Excess distributions carryover applied to 2016 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 fines 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 2015. Subtract line 4a from line 2a. Taxable amount - see instr. 0 f Undistributed income for 2016 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2017 14,217,049. 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 2011 not applied on line 5 or line 7 0 . 9 Excess distributions carryover to 2017. Subtract lines 7 and 8 from line 6a 0 10 Analysis of line 9. a Excess from 2012 b Excess from 2013 c Excess from 2014 d Excess from 2015 e Excess from 2016 623581 11-23-16 Form 990-PF (2016) Form 990-PF (2016) THE WILLIAM PENN FOUNDATION 23-1503488 Page 10 Part XIV Private Operating Foundations (see instructions and Part VII-a,, question 9) N/A 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2016, enter the date of the ruling ► b Check box to indicate whether the foundation is a private operating foundation described in section L_J 4942(f)(3) or L_J 4942(l)(5) 2 a Enter the lesser of the adjusted net Tax year Prior 3 years income from Part I or the minimum (a) 2016 (b) 2015 (c) 2014 (d) 2013 (e) Total investment return from Part X for each year listed 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(I)(3)(B)(m) (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.) 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) NONE 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. NONE 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs: Check here ► E] 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. (see instructions ) to individuals or organizations u nder oth e r conditio ns, complete ite ms 2a, b, c, an d d. a The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

SEE STATEMENT 18 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.

623601 11-23 - 16 Form 990-PF (2016) Form 990-PF (2016) THE WILLIAM PENN FOUNDATION 23-1503488 Pa on 3 Grants and Contributions Paid Dunno the Year or Aooroved for Future Payment Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or status of contribution Amount Name and address (home or business) any foundation manager or substantial contributor recipient

a Paid during the year

SEE STATEMENT C 115 950 847.

Total ► 3a 115 950 847. b Approved for future payment

SEE STATEMENT C 181,483 552.

181 483 552. Total ► 3b 1 Form 990-PF (2016) 623611 11-23-16 Form 990-PF (2016) THE WILLIAM PENN FOUNDATION 23-1503488 Page 12 Part XVI-A Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated Unrelate d business income Excluc ded by section 512, 513, or 514 (e) (a) (b) Exc„_ (d) Related or exempt Business Amount ode function income 1 Program service revenue code Amount a b c d e f g Fees and contracts from government agencies 2 Membership dues and assessments 3 Interest on savings and temporary cash investments 14 480. 4 Dividends and interest from securities 14 20,931,844. 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 96,094,511. 9 Net income or (loss) from special events 10 Gross profit or (loss) from sales of inventory 11 Other revenue: a PARTNERSHIP K-1S 531390 4,468,061. 18 -4,468,061. b

d e 12 Subtotal. Add columns (b), (d), and (e) 4,468,061. 1 112,558,774. 1 0. 13 Total. Add line 12, columns (b), (d), and (e) 13 117,026,835. (See worksheet in line 13 instructions to verify calculations Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

623621 11 -23-16 Form 990-PF (2016) Form 990-PF (2016) THE WILLIAM PENN FOUNDATION 23-1503488 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) of Yes No the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting foundation to a noncharitable exempt organization of: (1) Cash la(t) X (2) Other assets la(2) X b Other transactions. (1) Sales of assets to a noncharitable exempt organization 1b(1) X (2) Purchases of assets from a noncharltable exempt organization lb(2) X (3) Rental of facilities, equipment, or other assets lb(3) X (4) Reimbursement arrangements lb(4)1 I X (5) Loans or loan guarantees 1b() tX (6) Performance of services or membership or fundraising solicitations tb(6) X c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c X 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.

2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501 (c) of the Code ( other than section 501(c)(3 )) or in section 5279 Yes OX No b If "Yes." comolete the followina schedule (a) Name of organization (b) Type of organization (c) Description of relationship N/A

Under penalties of perjury, I declare that I have examined this return , including accompanying schedules and statements , and to the best of my knowledge ay a TR6 iscuss is and belief it is true correct , and complete Declaration of preparer (other than taxpayer ) is based on all information of knowledge return with the preparer Sign I `^ '^ A` t shown below (see insv )7 Here

Signature of officer or trustee Date Print/Type preparer's name Preparer's sl nature

Paid JEAN RIGNEY

623622 11-23.16 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT 1

(A) MANNER DATE DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD

SEE STATEMENT A PURCHASED

(B) (C) (D) (E) (F) GROSS COST OR EXPENSE OF SALES PRICE OTHER BASIS SALE DEPREC. GAIN OR LOSS

96,094,511. 0. 0. 0. 96,094,511.

CAPITAL GAINS DIVIDENDS FROM PART IV 0.

TOTAL TO FORM 990-PF, PART I, LINE 6A 96,094,511.

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 2

(A) (B) (C) REVENUE NET INVESTMENT ADJUSTED SOURCE PER BOOKS INCOME NET INCOME

INTEREST ON SHORT TERM INVESTMENTS 480. 480.

TOTAL TO PART I, LINE 3 480. 480.

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 3

CAPITAL (A) (B) (C) GROSS GAINS REVENUE NET INVEST- ADJUSTED SOURCE AMOUNT DIVIDENDS PER BOOKS MENT INCOME NET INCOME

DIVIDENDS/INTEREST LONG TERM INVESTMENTS 20,931,844. 0. 20,931,844. 41,070,760.

TO PART I, LINE 4 20,931 ,844. 0. 20 ,931,844. 41,070,760.

STATEMENT(S) 1, 2, 3 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF OTHER INCOME STATEMENT 4

(A) (B) (C) REVENUE NET INVEST- ADJUSTED DESCRIPTION PER BOOKS MENT INCOME NET INCOME

BARROW STREET REAL ESTATE FUND 0. -5,690. BPG FUNDS 0. 50,416. COMMONFUND EQUITY PARTNERS FUNDS 0. 228,579. GENESIS 0. -91,060. SILCHESTER INTERNATIONAL INVESTMENT 0. -55,382. TUCKER ANTHONY PRIVATE EQUITY 0. -2,223. ACADIAN FUNDS 0. 309,549. HORSLEY BRIDGE 0. 31,497. MARATHON 0. 245,562. VARDE FUNDS 0. 1,556,550. OCM OPPORTUNITY FUNDS 0. 117. SLP FUNDS 0. 188,055. AIG EUROPEAN RE FUND 0. 10,202. WAYZATA OPPORTUNITIES FUND II 0. 13,057. ADAGE 0. 426,877. OAKTREE FUNDS 0. 135,208. INVESCO 0. -621. EIG 0. 99,441. BLACKSTONE RE FUNDS 0. 37,893. NATURAL GAS PARTNERS X 0. 2,999. ANGELO GORDON 0. 619,204. CARMEL PARTNERS INVESTMENT FUN 0. -22,787. ENERVEST ENERGY XIII 0. -190,216. GARRISON RE II 0. 25,798. MONDRIAN 0. 63,783. YORKTOWN PARTNERS 0. 76,487. DUNE RE FUND III 0. -87,629. ENERGY & MINERALS GROUP III 0. 172,336. ENERGY CAPITAL PARTNERS III 0. 816. MONARCH CAPITAL PARTNERS III 0. 718,955. TPG OPPORTUNITIES PARTNERS III 0. 556,533. WL ROSS TRANSPORTATION 0. -66. ALCION RE PARTNERS FUND III-A 0. -59,369. GOLDENTREE 0. 237,815. EMG ASCENT 2016 COINVESTMENT 0. -29,509. LIME ROCK PARTNERS VII 0. 108,356. RIEF 0. -188. VIVO 0. 208. WAMCO 0. 361,509. TWIN TREE CAPITAL OFFSHORE PTNRS 0. 12,105.

TOTAL TO FORM 990-PF, PART I, LINE 11 0. 5,745,167.

STATEMENT(S) 4 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF LEGAL FEES STATEMENT 5

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

LEGAL MATTERS 359,520. 21,199. 338,321.

TO FM 990-PF, PG 1, LN 16A 359,520. 21,199. 338,321.

FORM 990-PF ACCOUNTING FEES STATEMENT 6

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

AUDIT FEE & TAX PREP 88,735. 0. 60,600.

TO FORM 990-PF, PG 1, LN 16B 88,735. 0. 60,600.

FORM 990 -PF OTHER PROFESSIONAL FEES STATEMENT 7

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

INVESTMENT FEES 8,146,895. 8,146,895. 0. HUMAN RESOURCES CONSULTING FEES 8,925. 0. 12,259. COMMUNICATIONS CONSULTING FEES 119,206. 0. 163,741. MISCELLANEOUS PROFESSIONAL FEES 51,852. 0. 71,224. OPERATIONAL ASSESSMENTS 77,591. 0. 106,578.

TO FORM 990-PF, PG 1, LN 16C 8,404,469. 8,146,895. 353,802.

STATEMENT(S) 5, 6, 7 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF TAXES STATEMENT 8

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

FEDERAL EXCISE / UBIT TAX 7,003,675. 0. 0. FOREIGN TAXES W/H FROM DIVIDENDS REPORTED ON K-1S 0. 1,086,322. 0. PAYROLL TAXES 267,546. 72,883. 182,332.

TO FORM 990-PF, PG 1, LN 18 7,271,221. 1,159,205. 182,332.

FORM 990-PF OTHER EXPENSES STATEMENT 9

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

PROGRAM DEVELOPMENT/CONSULTING 413,845. 0. 413,846. INSTITUTIONAL DUES 16,150. 6,500. 9,650. COMPUTER REPAIRS & SUPPORT 506,382. 104,907. 401,475. FURNITURE/EQUIP EXPENSE 3,105. 643. 2,462. MISCELLANEOUS EXPENSE 20,979. 4,346. 16,633. OFFICE EQUIP - LEASE/MAINT 18,975. 3,931. 15,044. POSTAGE/DELIVERY SERVICES 9,417. 1,951. 7,466. RECRUITING EXPENSE 213,954. 44,325. 169,629. STATIONERY & SUPPLIES 19,004. 3,937. 15,067. TELEPHONE 33,098. 6,857. 26,241. AGENCY TEMPORARY HELP 166,525. 34,499. 132,026. GENERAL INSURANCE 53,263. 11,034. 42,229. RECORDS RETENTION 11,210. 2,322. 8,887. PUBLICATIONS, BOOKS, PERIODICALS 59,842. 7,520. 52,321. ANNUAL REPORT 53,248. 0. 53,248. OTHER DEDUCTIONS FROM K-1S 0. 11,761,316. 0. STAFF DEVELOPMENT AND TRAINING 33,848. 7,012. 26,836. BANK SERVICE CHARGE 10,451. 2,165. 8,286. WEBSITE MAINTENANCE 19,264. 0. 19,264. PAYROLL SERVICE FEES 3,745. 776. 2,969.

TO FORM 990-PF, PG 1, LN 23 1,666,305. 12,004,041. 1,423,579.

STATEMENT(S) 8, 9 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF U.S. AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 11

U.S. OTHER FAIR MARKET DESCRIPTION GOV'T GOV'T BOOK VALUE VALUE

LOOMIS SAYLES BONDS x 18,877,360. 18,877,360. WPF FIXED INCOME X 91,780,283. 91,780,283. TCW X 29,723,360. 29,723,360.

TOTAL U.S. GOVERNMENT OBLIGATIONS 110,657,643. 110,657,643.

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS 29,723,360. 29,723,360.

TOTAL TO FORM 990-PF, PART II, LINE 10A 140,381,003. 140,381,003.

FORM 990-PF CORPORATE STOCK STATEMENT 12

FAIR MARKET DESCRIPTION BOOK VALUE VALUE

SILCHESTER INTERNATIONAL INVESTORS 131,671,129. 131,671,129. ACADIAN INTERNATIONAL SMALL CAP FUND 51,276,646. 51,276,646. BAILLIE GIFFORD 95,467,875. 95,467,875. MARATHON LONDON INT'L INVESTMENT TRUST 1 89,408,728. 89,408,728. GENESIS EMERGING MARKETS LLC 53,728,177. 53,728,177. PRIMECAP 154,327,345. 154,327,345. WALTER SCOTT AND PARTNERS LTD 109,539,105. 109,539,105. LAZARD 51,664,244. 51,664,244. MONDRAIN EM SC 25,453,105. 25,453,105. FRONTIER SC VALUE 103,691,269. 103,691,269. LAZARD GLOBAL EQUITY 32,686,220. 32,686,220. HOSKING GLOBAL 90,168,060. 90,168,060.

TOTAL TO FORM 990-PF, PART II, LINE 10B 989,081,903. 989,081,903.

FORM 990-PF CORPORATE BONDS STATEMENT 13

FAIR MARKET DESCRIPTION BOOK VALUE VALUE

OAKTREE HIGH YIELD 3,742,956. 3,742,956. LOOMIS SAYLES BONDS 35,367,927. 35,367,927. TCW 74,168,146. 74,168,146.

TOTAL TO FORM 990-PF, PART II, LINE 10C 113,279,029. 113,279,029.

STATEMENT (S) 11, 12, 13 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF OTHER INVESTMENTS STATEMENT 14

VALUATION FAIR MARKET DESCRIPTION METHOD BOOK VALUE VALUE

TUCKER ANTHONY PRIVATE EQUITY FUND r,MV IV LP 2,127,519. 2,127,519. COMMONFUND PRIVATE EQUITY PARTNERS FMV V LP 3,862,368. 3,862,368. BLACKSTONE ALTERNATIVE ASSET FMV MANAGEMENT 82,402,308. 82,402,308. BERWIND PROPERTY GROUP INVESTMENT FMV PARTNERSHIP VI LP 1,652,000. 1,652,000. BPG INVESTMENT PARTNERS VII-A FMV 11,193,000. 11,193,000. BARROW STREET REAL ESTATE FUND III FMV 964,939. 964,939. BEACON CAPITAL STRATEGIC PARTNERS FMV IV 190,882. 190,882. LEGACY PARTNERS REALTY FUND II FMV 122,064. 122,064. HORSLEY BRIDGE INTERNATIONAL IV LP FMV 27,054,216. 27,054,216. BPG INVESTMENT PARTNERS VIII FMV 8,658,000. 8,658,000. BEACON V FMV 1,488,327. 1,488,327. COMMONFUND PRIVATE EQUITY PARTNERS FMV VII LP 24,615,560. 24,615,560. CIPEF V FMV 2,217,269. 2,217,269. LEGACY PARTNERS REALTY FUND III FMV 112,928. 112,928. AIG ASIA RE II FMV 684,487. 684,487. AIG EUROPEAN RE II FMV 870,506. 870,506. BERKSHIRE MULTI FAM RE II FMV 404,167. 404,167. OAKTREE FMV 1,415,896. 1,415,896. HORSLEY BRIDGE IX FMV 58,255,576. 58,255,576. VARDE PARTNERS FMV 1,502,781. 1,502,781. WAYZATA II FMV 828,758. 828,758. COMMONFUND CNR VIII FMV 6,730,037. 6,730,037. HORSLEY BRIDGE INTERNATIONAL V LP FMV 36,484,534. 36,484,534. ADAGE FMV 172,539,134. 172,539,134. OAKTREE OPP VIII FMV 7,944,265. 7,944,265. OAKTREE MEZZ III FMV 13,341,552. 13,341,552. VARDE X FMV 9,732,084. 9,732,084. BPG MULTI FAMILY FMV 3,356,000. 3,356,000. EIM LONG SHORT FMV 6. 6. OAKTREE PWR OPP III FMV 4,417,464. 4,417,464. WPF LONG SHORT FMV 44,149,606. 44,149,606. EIG ENERGY XV FMV 6,098,236. 6,098,236. GARRISON RE II FMV 8,886,402. 8,886,402. CIPEF VI FMV 8,324,990. 8,324,990. VIVO VENTURES FMV 4,978,585. 4,978,585. DYAL FMV 7,945,619. 7,945,619. COMMONFUND PE VIII FMV 6,730,037. 6,730,037. NGP X FMV 4,568,650. 4,568,650. HORSLEY BRIDGE INTERNATIONAL X LP FMV 10,305,003. 10,305,003. COMMONFUND NR IX FMV 6,971,970. 6,971,970. BLACKSTONE REAL ESTATE VII FMV 18,829,564. 18,829,564.

STATEMENT(S) 14 THE WILLIAM PENN FOUNDATION 23-1503488

AUGUST CAPITAL MANAGEMENT VI FMV 19,650,197. 19,650,197. CARMEL PTNRS INVESTMENT FD IV FMV 15,874,921. 15,874,921. ANGELO GORDON STAR TOTAL CAPITAL FMV 9,681,222. 9,681,222. JPMAAM MULTI STRATEGY FMV 72,274,545. 72,274,545. ENCAP ENERGY IX FMV 4,353,044. 4,353,044. ENERVEST ENERGY FMV 1,124,477. 1,124,477. OAKTREE RE VI FMV 13,759,954. 13,759,954. HB X GROWTH BUYOUT FMV 2,536,130. 2,536,130. SILVER LAKE IV FMV 10,227,988. 10,227,988. KOHLBERG VII FMV 12,245,373. 12,245,373. YORKTOWN X FMV 17,015,224. 17,015,224. WL ROSS TRANSPORTATION REC FMV 5,632,578. 5,632,578. EIG ENERGY FUND XVI FMV 8,029,963. 8,029,963. ORION IV FMV 6,585,347. 6,585,347. ENERGY CAPITAL PARTNERS III FMV 6,208,440. 6,208,440. ENERGY & MINERALS FUND III FMV 18,067,221. 18,067,221. GOLDENTREE STRUCTURED PRO OPP FMV 5,460,968. 5,460,968. CARMEL V FMV 4,756,257. 4,756,257. MONARCH CAPITAL PARTNERS III FMV 9,550,310. 9,550,310. TPG OPP PARTNERS III FMV 6,685,933. 6,685,933. AG OPP WHOLE LOAN FUND FMV 10,812,951. 10,812,951. DUNE RE III FMV 11,896,859. 11,896,859. VARDE EUROPE FUND FMV 13,727,848. 13,727,848. CCO 2015 FMV 17,148,426. 17,148,426. TAEL TWO FMV 6,234,448. 6,234,448. VIVO VENTURES FUND VIII FMV 4,472,135. 4,472,135. BREP ASIA FMV 3,964,498. 3,964,498. ENCAP ENERGY X FMV 3,571,321. 3,571,321. DCM A-FUND II FMV 2,673,586. 2,673,586. BESSEMER FMV 2,861,423. 2,861,423. AUGUST VII FMV 3,310,998. 3,310,998. SVERICA CAPITAL PARTNERS IV LP FMV 1,357,052. 1,357,052. HORSLEY BRIDGE XI VENTURE FMV 3,038,627. 3,038,627. COMMONFUND SECONDARY 2015 FMV 5,920,882. 5,920,882. MERIDIAN BREP VIII FMV 5,922,925. 5,922,925. LIGHTSPEED INDIA PARTNERS I FMV 3,340,809. 3,340,809. ALCION VENTURES FUND III FMV 3,281,973. 3,281,973. DCM CHINA VIII FMV 1,632,697. 1,632,697. VALUEACT FMV 10,860,779. 10,860,779. LIGHTSPEED XI SELECT II FMV 1,149,980. 1,149,980. VARDE XII FMV 7,169,877. 7,169,877. OCM POWER OPPORTUNITIES IV FMV 4,368,627. 4,368,627. LIMEROCK VII FMV 6,678,562. 6,678,562. ATLANTIC STREET CAPITAL FMV -422. -422. HORSLEY BRIDGE PARTNERS FMV 435,479. 435,479. MERIDIAN FMV 15,000,000. 15,000,000.

TOTAL TO FORM 990-PF , PART II, LINE 13 1,013,509,721. 1,013,509,721.

STATEMENT(S) 14 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF OTHER LIABILITIES STATEMENT 15

DESCRIPTION BOY AMOUNT EOY AMOUNT

POST RETIREMENT HEALTH CARE BENEFITS 3,126,983. 2,999,052. DEFERRED RENT 126,710. 102,669.

TOTAL TO FORM 990-PF, PART II, LINE 22 3,253,693. 3,101,721.

FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 16 TRUSTEES AND FOUNDATION MANAGERS

EMPLOYEE TITLE AND COMPEN- BEN PLAN EXPENSE NAME AND ADDRESS AVRG HRS/WK SATION CONTRIB ACCOUNT

DAVID HAAS BOARD CHAIR & CORP MBR TWO LOGAN SQUARE 11TH FLOOR 10.00 0. 0. 8,940. PHILADELPHIA, PA 19103

FREDERICK R. HAAS CORP MBR & BRD MBR & SECR TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

THOMAS W. HAAS CORPORATION CHAIR & BD MBR TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

WILLIAM D. HAAS CORP MEMBER TWO LOGAN SQUARE 11TH FLOOR 0.50 0. 0. 0. PHILADELPHIA, PA 19103

DONALD KIMELMAN BOARD MEMBER TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

HOWARD L. MEYERS BOARD MEMBER TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

MADOE HTUN CHIEF INVESTMENT OFFICER TWO LOGAN SQUARE 11TH FLOOR 40.00 745,350. 23,405. 0. PHILADELPHIA, PA 19103

JANET HAAS BOARD VICE CHAIR & CORP MB TWO LOGAN SQUARE 11TH FLOOR 20.00 0. 31,494. 6,418. PHILADELPHIA, PA 19103

STATEMENT(S) 15, 16 THE WILLIAM PENN FOUNDATION 23-1503488

LEONARD HAAS BOARD MEMBER & CORP MEMBER TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

JUDITH D. FREYER BOARD MEMBER TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

CHRISTINA HAAS BOARD MEMBER TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

KATHERINE HANRAHAN BOARD MEMBER TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

ANDREW HAAS BOARD MEMBER TWO LOGAN SQUARE 11TH FLOOR 1.50 0. 0. 0. PHILADELPHIA, PA 19103

LAURA SPARKS EXEC DIRECTOR (THRU 12/2/1 6) TWO LOGAN SQUARE 11TH FLOOR 40.00 358,919. 34,373. 0. PHILADELPHIA, PA 19103

JOHN RUTH DIRECTOR FINANCE TWO LOGAN SQUARE 11TH FLOOR 40.00 81,115. 16,976. 546. PHILADELPHIA, PA 19103

TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII 1,185,384. 106,248. 15,904.

STATEMENT(S) 16 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF EXPENDITURE RESPONSIBILITY STATEMENT STATEMENT 17 PART VII-B, LINE 5C

GRANTEE'S NAME

TCC GROUP, INC

GRANTEE'S ADDRESS

31 WEST 27TH STREET, 4TH FL NEW YORK, NY 10001

GRANT AMOUNT DATE OF GRANT AMOUNT EXPENDED

128,130. 11/04/16 6,544.

PURPOSE OF GRANT

EVALUATION OF STATEWIDE ADVOCACY CAMPAIGNS TO SECURE UNIVERSAL ACCESS TO PRE-K AND EQUITABLE AND ADEQUATE SCHOOL FUNDING. IN ORDER TO PROVIDE GRANTEES AND THE ADVOCACY FIELD WITH INFORMATION THAT CAN IMPROVE CURRENT AND FUTURE ADVOCACY.

DATES OF REPORTS BY GRANTEE

1/12/2017

STATEMENT(S) 17 THE WILLIAM PENN FOUNDATION 23-1503488

FORM 990-PF GRANT APPLICATION SUBMISSION INFORMATION STATEMENT 18 PART XV, LINES 2A THROUGH 2D

NAME AND ADDRESS OF PERSON TO WHOM APPLICATIONS SHOULD BE SUBMITTED

GRANTS C/O THE WILLIAM PENN FOUNDATION TWO LOGAN SQUARE 11TH FLOOR PHILADELPHIA, PA 19103

TELEPHONE NUMBER

215-988-1830

FORM AND CONTENT OF APPLICATIONS

THE FOUNDATION IS INTERESTED IN RECEIVING LETTERS OF INQUIRY FROM PUBLIC CHARITIES THAT MEET ITS FUNDING GUIDELINES. LETTERS OF INQUIRY SHOULD INCLUDE THE NATURE OF THE PROJECT, ANTICIPATED RESULTS AND FINANCIAL INFORMATION FOR THE APPLICANT. FOR ADDITIONAL INFORMATION PLEASE SEE OUR WEBSITE AT WWW.WILLIAMPENNFOUNDATION.ORG.

ANY SUBMISSION DEADLINES

N/A

RESTRICTIONS AND LIMITATIONS ON AWARDS

1) GRANTS ARE MADE TO ORGANIZATIONS WHICH QUALIFY UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AS PUBLIC CHARITIES UNDER 509 (A) OF THE CODE WHO PROVIDE SUPPORT WITHIN THE FOUNDATION'S GRANTMAKING PRIORITIES. 2) GRANTS ARE NOT MADE TO INDIVIDUALS OR FOR SECTARIAN RELIGIOUS ACTIVITIES OR FOR POLITICAL LOBBYING. FOR ADDITIONAL INFORMATION PLEASE SEE OUR WEBSITE AT WWW.WILLIAMPENNFOUNDATION.ORG.

STATEMENT(S) 18 Part I Col Part I Col The William Penn Foundation A B EIN 23-1503488 Line 6 Line 7 Form 990 PF Gain/Loss Gain/Loss Tax year 2016 Per Books On 990PF

Acadian ACWI ex US Small-Cap Fund LLC (2,397,814.00) 103,342.00 Adage Capital Partners, L.P. 25,908,603.00 11,143,772.00

AIG European Real Estate Partners II (Feeder) LP (282,693.28) (48,765.01)

Alcion Real Estate Partners Fund III-A LP (320,942.15) 3,737.88 Angelo Gordon - PFIC 122,877.35 (1,851,231.72) AG Opp Whole Loan Fund (Proforma) 1,791,099.00 610,781 00 August Capital VI, L.P. (281,646.00) 559,478.00 August Capital VII (111,780.00) - Baillie Gifford (k-1 not issued) 4,550,607.03 4,550,607.03 Barrow Street (BSREF III) (44,044.00) 19,447.00 Beacon IV (127.00) - Beacon V (87.00) - Berkshire Multifamily Value Fund II, LP 1,725,984.00 1,009,608.00 Bessimer Venture Partners IX (139,855.00) (385.00) Blackstone RE Partners VII TE 6 LP 2,602,522.00 246,346.00 Blackstone RE Partners VII TE 6 NO LP - 35,559.00 BREP VII Alberta Feeder (Offshore) TE.6 LP - 102,170.00 BREP VII Alberta Feeder (Offshore) TE.6-NQ LP - 235,008.00 BREP Asia Feeder-NQ - 15,742.00 BLACKSTONE REAL ESTATE PARTNERS VIII.F (76,513.00) - LP BLACKSTONE REAL ESTATE PARTNERS VIII.F - 603.00 (AV-LH.2) L P. BLACKSTONE REAL ESTATE PARTNERS VIII.F - 2,990.00 (AV-LH) L.P. BREP VIII CAYMAN FEEDER (OFFSHORE) F-NQ _ 7,891.00 L.P. Capital International Private Equity V (CIPEF) (460,781.52) 180,246.00 Capital International Private Equity VI (CIPEF) (652,206.78) (135,327.00) Sierra Capital LP - 1,140.00 Carmel Partners Investment Fund IV, LP 241,133.98 579,387.00 Carmel Partners Investment Fund V, LP (145,190 00) (1,561.00) Commonfund Private Equity Partners V (361,388.67) 1,307,685.16 Commonfund Private Equity Partners VII 251,672.05 2,777,191.06 Commonfund Private Equity Partners VIII (126,387.00) 180,156.28 Commonfund NR IX (390,224.00) (5,017.70) Commonfund SP 2015 (49,876.00) 7,076.00 Commonfund CCO 2015 113,808.00 - Commonfund CNR VIII (300,847.00) 143,755.38 DCM A-Fund II (86,288.00) - Dune Real Estate Fund III LP (4,538 00) 71,239.00 Energy Capital Partners III-A LP (382,669.00) 1,177.00

STATEMENT A Part I Col Part 1 Col The William Penn Foundation A B EIN 23-1503488 Line 6 Line 7 Form 990 PF Gain/Loss Gain/Loss Tax year 2016 Per Books On 990PF

EIG Energy XV-A (211,389 41) 200,937.38 EIG ENERGY FUND XVI (57,947.45) 4,019.15 EIM Hedge Fund 16,632.33 16,632.33 EIM Long Short 15,689.38 15,689.38 EMG Ascent 2016 Co-Investment, LP - 40, 590.00 Energy & Minerals Group Fund III LP (1,320,417.30) (220,962 00) ENCAP ENERGY IX-C 191,781.67 - ENCAP ENERGY X-C 22,672.00 - ENERVEST ENERGY XIII-C (280,694.00) - Berwind Property Group Fund VI (BPG) 1,869,712.00 553,721.00 Berwind Property Group Fund VII A (BPG) 320,126.00 81,854.00 Berwind Property Group Fund VIII A (BPG) 6,980,075.00 1,863,905 00 Berwind Property Group Multi-Family (BPG) 831,815.00 160,611.00 FRONTIER CAPITAL MANAGEMENT 4,774,378.26 4,774,378.26 Garrison RE li 1,559,207.87 3,623,138.00 Genesis Emerging Markets, LP (1,392,096.49) (5,335,856.00) Goldentree Structured Pro Opp 688,907.00 - Horsley Bridge IV 3,109,200.37 1,877,962 00 Horsley Bridge X Venture (350,529.00) 231,896.00 HORSLEY BRIDGE X GROWTH BUYOUT (96,772.40) 111,986.00 Horsley Bridge XI Venture (475,034.00) 102,953.00 Horsley Bridge IX 2,979,107.00 3,347,709.00 Horsley Bridge V 1,987,090.00 1,106,938.00 Hosking Global Fund (271,428 92) (1,555,266.92) Invesco (AIG) Asian Real Estate Partners II (USD 600,011.15 227,609.94 Feeder) LP WL ROSS TRANSPORTATION REC (22,861.00) 109,221.00 JP MAAM MULTI-STRAT (204,911.82) (204,911.82) KOHLBERG 681,421.08 - LAZARD EM 6,753,216.67 - Lazard Global (233,987.35) (348,817.08) Lightspeed India Partners I (180,779.00) - Lime Rock Partners VII, L.P. - 4,335,127 00 Loomis Sayles Bonds (3,966,903.93) (4,198,361.93) Marathon 5,719,059.94 2,883,000.00 Monarch Capital Partners III - PFIC 306,390.00 - MONDRIAN 1,469,719.26 (1,006,036.00) DYAL Offshore Investor LP 300,420.00 - NGP X (161,959.00) 2,846,992.00 OCM Opportun fund VIIB LP (582,298.35) (27,439.00) OCM Opportun fund VIIB AIF (Delaware) - 6,232.00 OAKTREE RE VI 912,912.00 1,221,554.00

STATEMENT A Part I Col Part 1 Col The William Penn Foundation A B EIN 23-1503488 Line 6 Line 7 Form 990 PF Gain/Loss Gain/Loss Tax year 2016 Per Books On 990PF

OAKTREE RE VI AIF (Cayman) - (401.00) Oaktree High Yield 208,010.92 (105,645.00) Oaktree Opportunities Fund VIII LP 1,186,173.00 221,706.00 Oaktree Opportunities Fund VIIIB LP - 200,946.00 Oaktree Opportunities Fund VIII AIF (Delware) - 108,343.00 Oaktree Opportunities Fund VIIIB AIF (Delware) - (4,310.00) Oaktree Mezzanine Fund III - Class A 1,510,197 00 31,259.00 Oaktree Mezzanine Fund III - Class B - 964,152.00 Oaktree Pwr Opp III 639,987.00 847,959.00 Oaktree Capital Management Power Opp IV 586.00 429.00 ORION IV (OF IV Investor LP) 1,061,238.86 (390,457.43) Tucker Anthony Private Equity Fund 90,065 04 (860,956.00) PRIMECAP 12,423,133.26 12,423,133.26 Renaissance (RIEF) - 73505 (Final) - 3,951,679.00 Schneider Capital Management ( Large) (2,521 56) (2,521.56) Silchester International 8,843,448.21 6,214,429.00 SILVER LAKE PARTNERS IV, L.P. (134,911 00) - SILVER LAKE PARTNERS IV CAYMAN, L.P - 163,553.00 SLP IV CAYMAN ARGO FEEDER , L.P. - PFIC - 1,084,212.00

SLP IV CAYMAN AURORA FEEDER , L.P. - PFIC - 10,186.00

Sverica Capital Partners IV LP (105,270.00) - TCW 308,464.42 308,464.42 TPG OpportunitiesPartners III (B), L.P. 51,797.57 47,797.00 TOP III Delaware AIV I-B, L.P. - 45,506.00 Varde Europe 785,691 00 - Varde IX 387,617.00 46,493.00 Varde X (feeder) 456,674.77 281,063.00 VARDE XII (feeder) - 31,690.00 Vivo VII (150,176.73) 444,752.00 Vivo VIII (75,524.00) 339,695.00 WALTER SCOTT (243,869.15) (243,869.15) WAMCO - (636,840.00) Wayzata Opportunities Fund II 309,760 33 158,566.00 WPF Long Short - Wellington Bay Pond 7,253,770.26 4,952,614.26 WPF Internal Fixed Income (380,879.59) (380,879.59) YORKTOWN PARTNERS (1,322,303.82) 194.00 Bankruptcy proceeds-Oak 21,408.33 96,094,510.69 68,953,793.24

STATEMENT A The William Penn Foundation EIN 23-1503488 Form 990-PF Tax year 2016

Part VII-A - Statements Regarding Activities Line 16

Foreign Country 1 AUSTRALIA 2 BELGIUM 3 CANADA 4 CAYMAN ISLANDS 5 DENMARK 6 FINLAND 7 FRANCE 8 GERMANY 9 GREECE 10 HONG KONG 11 INDIA 12 INDONESIA 13 ISRAEL 14 ITALY 15 JAPAN 16 LUXEMBOUG 17 NETHERLANDS 18 NORWAY 19 PHILIPPINES 20 SINGAPORE 21 SOUTH AFRICA 22 SPAIN 23 SWEDEN 24 SWITZERLAND 25 TURKEY 26 UNITED KINGDOM

STATEMENT B WILLIAM PENN FOUNDATION EIN: 23-1503488 2016 FORM 990-PF STATEMENT C-1 DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 26-1150699 350.org $200 12/1/2016 23-7442931 A Better Chance Strath Haven, Inc. $2,000 10/11/2016 52-2345144 A Wider Circle, Inc. $50 9/8/2016 23-2188052 Abington Memorial Hospital Foundation $800 10/31/2016 23-1501159 Academy of Music of Philadelphia, Inc. $5,000 10/11/2016 23-1352000 Academy of Natural Sciences $7,500 10/12/2016 36-3764476 Accelerate Institute $20,000 10/17/2016 23-2446355 Action Wellness $80 12/1/2016 04-2743144 Aero Club of New England $15,000 12/1/2016 31-1629166 African American Episco pal Church of St. Thomas $900 12/13/2016 23-1941617 African American Museum in Philadelphia $3,000 5/19/2016 95-4441208 After-School All-Stars $400 11/29/2016 58-0566116 Agnes Scott College $700 6/16/2016 65-0115814 All Faiths Food Bank $200 7/14/2016 65-1128836 Alpha Phi Alpha Foundation of Manasota, Inc. $200 10/31/2016 52-1749047 ALS Association - DC/MD/VA Chapter $200 1/13/2016 77-0611337 Alumni and Friends of Princeton University ROTC $750 10/7/2016 06-6078326 Alumni Fund Association of Yale University $700 4/4/2016 06-6078326 Alumni Fund Association of Yale University $200 1/13/2016 23-2280056 Alzheimer's Disease and Related Disorders Association $2,000 12/6/2016 23-2280056 Alzheimer's Disease and Related Disorders Association $100 11/23/2016 13-1788491 American Cancer Society, Inc. $100 11/30/2016 13-1788491 American Cancer Society, Inc. $100 10/7/2016 13-1788491 American Cancer Society, Inc. $100 7/14/2016 13-1788491 American Cancer Society, Inc. $100 5/5/2016 13-1788491 American Cancer Society, Inc. $100 5/4/2016 13-6213516 American Civil Liberties Union Foundation, Inc $670 12/7/2016 13-6213516 American Civil Liberties Union Foundation, Inc. $800 11/29/2016 13-6213516 American Civil Liberties Union Foundation, Inc. $50 9/28/2016 13-1568923 American Friends of the Hebrew University, Inc. $200 1/13/2016 23-1352010 American Friends Service Committee $200 7/14/2016 13-5613797 American Heart Association, Inc. $50 2/17/2016 22-1731073 American Littoral Society $400 12/7/2016 53-0196605 American National Red Cross $100 9/28/2016 53-0196605 American National Red Cross - Southeastern Pennsylvania Chapter $200 6/15/2016 53-0196605 American National Red Cross - Southeastern Pennsylvania Chapter $500 4/7/2016 23-1353269 American Philosophical Society $200 10/7/2016 13-1623829 American Society for the Prevention of Cruelty to Animals $300 12/7/2016 13-1623829 American Society for the Prevention of Cruelty to Animals $70 2/24/2016 59-3344192 American Vitiligo Research Foundation $15,000 5/19/2016 52-0851555 Amnesty International of the U.S.A., Inc. $100 2/24/2016 45-3839973 And Then There Were None $15,000 12/2/2016 13-1818723 Anti-Defamation League of B'Nai B'rith $36 4/25/2016 23-1433905 Arch Street Methodist Church $200 7/14/2016 52-0740597 Archbishop Curley High School $1,600 11/14/2016 52-0740597 Archbishop Curley High School $10,000 11/7/2016 52-0740597 Archbishop Curley High School $7,000 8/31/2016 52-0740597 Archbishop Curley High School $2,400 5/23/2016 52-0740597 Archbishop Curley High School $10,000 2/1/2016 53-0196552 Arm y Emergenc y Relief $500 4/7/2016 23-2978415 Art Sanctuary $668 7/14/2016 51-0255908 Ashoka $400 4/7/2016

STATEMENT C-1 PAGE 1 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 23-1367631 Association for Public Art $50 12/7/2016 84-0502574 Association of Governing Boards of Universities and Colleges $10,000 6/14/2016 23-2654833 Astral Artists, Inc. $350 10/7/2016 23-1352027 Athenaeum of Philadelphia $310 8/4/2016 31-1784286 BalletX $50 12/8/2016 31-1784286 BalletX $120 11/30/2016 31-1784286 BalletX $400 11/29/2016 31-1784286 BalletX $50,000 11/10/2016 31-1784286 BalletX $334 3/18/2016 31-1784286 BalletX $400 3/2/2016 31-1784286 BalletX $400 1/13/2016 23-6000149 Barnes Foundation $1,250 4/7/2016 16-1443487 BASIC College Ministries, Inc. $20,000 12/2/2016 Bear Creek Township $30,000 11/30/2016 52-1693162 Beech Interplex, Inc. $2,000 7/14/2016 52-1332737 Believe In Tomorrow National Children's Foundation, Inc. $200 4/25/2016 03-0179414 Bennington College Corporation $5,000 11/18/2016 22-2514859 Bethany Baptist Church of Lindenwold $100 12/1/2016 23-2209338 Bethesda Project $500 3/24/2016 23-2209338 Bethesda Project $514 1/13/2016 23-2586631 Bicycle Coalition of Greater Philadelphia $300 12/7/2016 23-2586631 Bicycle Coalition of Greater Philadelphia $330 12/5/2016 23-2586631 Bicycle Coalition of Greater Philadelphia $50 11/10/2016 23-2586631 Bicycle Coalition of Greater Philadelphia $100 8/31/2016 23-2586631 Bicycle Coalition of Greater Philadelphia $50 2/9/2016 23-1352034 Big Brothers Big Sisters Independence Region $200 7/8/2016 26-1413610 Big Picture Philadelphia $500 1/13/2016 23-1352040 Board of Pensions of the Presbyterian Church USA $1,000 11/2/2016 23-1352040 Board of Pensions of the Presbyterian Church USA $5,000 11/2/2016 04-2103547 Boston University $480 11/28/2016 22-1576300 Boy Scouts of America - Cradle of Liberty Council $2,000 8/31/2016 22-1576300 Boy Scouts of America - Cradle of Liberty Council $2,000 4/7/2016 52-1285097 Brady Center to Prevent Gun Violence $100 11/30/2016 51-6020908 Brandywine Conservancy and Museum of Art $2,500 12/5/2016 51-6020908 Brandywine Conservancy and Museum of Art $2,000 5/2/2016 51-0628198 Breaking Ground $500 12/5/2016 46-5471970 Breakthrough Bike Challenge $50 6/16/2016 23-2789601 Breakthrough of Greater Philadelphia, Inc. $200 11/29/2016 20-2760310 Broad Street Ministry $3,000 10/11/2016 23-1352621 Bryn Mawr College $300 5/12/2016 23-6393377 Bryn Mawr Presbyterian Church $3,306 12/6/2016 23-6393377 Bryn Mawr Presbyterian Church $10,000 12/5/2016 23-2532463 Calcutta House $1,000 7/20/2016 23-2940085 Calvary Chapel Chester S p rings $6,400 12/5/2016 23-7366967 Calvary Presbyterian Church $6,610 2/24/2016 53-0196617 Cardinal O'Hara High School $10,000 10/14/2016 13-1685039 CARE, Inc. $400 12/5/2016 54-1382723 CareNet $20,000 12/2/2016 22-3114500 Cathedral Soup Kitchen, Inc. $300 12/7/2016 23-2018005 Cathedral Village $100 2/2/2016 27-3236916 Catholic Partnership Schools Camden New Jersey, Inc. $40,000 10/24/2016 13-3669731 Center for Reproductive Rights , Inc. $25,000 12/5/2016

STATEMENT C-1 PAGE 2 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 23-1919016 Center in the Park, Inc. $2,000 4/11/2016 23-1929096 Chamber Orchestra of Philadelphia $500 12/6/2016 45-3806617 Chatham Orpheum Theater, Inc. $200 11/29/2016 20-3297449 Chester Fund for Education and the Arts $5,500 12/5/2016 20-3297449 Chester Fund for Education and the Arts $5,000 10/12/2016 23-7182955 Chestnut Hill Community Fund $200 6/15/2016 52-0895622 Childrens Defense Fund $700 11/18/2016 23-1352166 Children's Hospital of Philadelphia Foundation $5,000 10/12/2016 23-1352166 Children's Hospital of Philadelphia Foundation $3,600 9/30/2016 23-1352166 Children's Hospital of Philadelphia Foundation $3,000 5/19/2016 23-2515768 Children's Literacy Initiative $10,000 12/5/2016 23-2220822 Christ Wesleyan Church $1,000 11/21/2016 23-2188592 Church of God Which is at Philadelphia $400 11/30/2016 23-2188592 Church of God Which is at Philadelphia $600 11/14/2016 23-2188592 Church of God Which is at Philadelphia $400 11/14/2016 23-2188592 Church of God Which is at Philadelphia $200 5/12/2016 23-2188592 Church of God Which is at Philadelphia $600 4/14/2016 38-3736823 Civil Air Patrol Foundations, Inc. $25,000 11/22/2016 04-2111203 Clark University $250 4/6/2016 23-1352670 College of Physicians of Philadelphia $750 12/5/2016 23-1352670 College of Physicians of Philadelphia $2,500 12/5/2016 23-1352670 College of Physicians of Philadelphia $200 5/11/2016 13-5598093 Columbia University $500 11/16/2016 13-3081500 Committee to Protect Journalists $2,000 9/30/2016 14-1923320 Commonwealth Classic Theatre Company $200 7/26/2016 22-2281783 Community Foundation of New Jersey $200 12/8/2016 20-3195763 Community Partnership School $10,000 8/4/2016 36-2423707 Compassion International, Inc. $3,838 11/21/2016 36-2423707 Compassion International, Inc. $1,200 6/24/2016 41-1400421 Compatible Technology International $100 11/23/2016 37-1658807 Confederation Of Union Generals, Inc. $7,500 3/17/2016 37-1658807 Confederation Of Union Generals, Inc. $100 2/11/2016 11-3300927 Congregation Anshei Liozna $120 5/11/2016 52-1497470 Conservation International Foundation $200 12/1/2016 27-1141126 Conservation Pennsylvania $200 12/1/2016 13-5562985 Cooper Union for the Advancement of Science and Art $1,000 11/29/2016 22-3470235 Council of New Jersey Grantmakers, Inc. $200 12/7/2016 13-2725416 Covenant House $100 12/2/2016 20-3406894 Cranbury Fire Company $100 10/25/2016 20-3406894 Cranbury Fire Company $200 1/13/2016 22-1714121 Cranbury First Aid Squad Inc $600 10/25/2016 27-0792796 Cranbury Library Foundation $700 1/13/2016 22-2539427 Creative Haverhill Inc. $10,000 11/18/2016 13-6193105 Crohns and Colitis Foundation, Inc. $5,000 10/12/2016 22-2549963 Cross Roads House, Inc. $10,000 11/30/2016 23-1685193 Crossroads Community Center $1,000 6/7/2016 94-3455816 Dancing With the Students $2,500 11/14/2016 53-0183181 Defenders of Wildlife $300 8/31/2016 53-0183181 Defenders of Wildlife $50 3/17/2016 23-1440112 Delaware County Society for the Prevention of Cruelty to Animals $50 10/24/2016 74-3255972 Delaware Riverkeeper Network $320 12/7/2016 23-2700620 Delaware Valley Association of Railroad Passengers , Inc. $100 12/1/2016

STATEMENT C-1 PAGE 3 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 22-1864943 Delaware Valley Baptist Church, Inc. $5,360 12/1/2016 23-2416737 Delaware Valley Friends School $980 3/7/2016 13-3433452 Doctors Without Borders USA, Inc. $200 12/12/2016 13-3433452 Doctors Without Borders USA, Inc. $100 12/1/2016 13-3433452 Doctors Without Borders USA, Inc. $100 11/30/2016 13-3433452 Doctors Without Borders USA, Inc. $100 9/28/2016 14-1667526 Dutchess Land Conservancy, Inc. $500 10/27/2016 20-2885113 Ed Snider Youth Hockey Foundation $6,000 8/11/2016 45-5202711 Embrace Grace $15,000 12/2/2016 23-2990505 EMIR- Every Murder Is Real $700 3/7/2016 23-2996689 Encore Series, Inc. $5,000 6/28/2016 22-2602113 Energy Coordinating Agency of Philadelphia, Inc. $500 12/12/2016 23-1287102 English Speaking Union of the United States $1,000 11/30/2016 23-1287102 English Speaking Union of the United States $210 8/4/2016 23-1370500 Episcopal Academy $10,000 11/7/2016 23-1370500 Episcopal Academy $5,000 8/31/2016 23-1370500 Episcopal Academy $10,000 5/20/2016 23-1370500 Episcopal Academy $4,000 5/20/2016 23-1370500 Episcopal Academy $10,000 5/19/2016 23-1370500 Episcopal Academy $12,000 5/19/2016 23-1370500 Episcopal Academy $10,000 2/1/2016 23-1352290 Episcopal Community Services of the Diocese of Pennsylvania $5,000 11/14/2016 23-1352290 Episcopal Community Services of the Diocese of Pennsylvania $2,500 2/1/2016 26-1598353 Everytown for Gun Safety Support Fund, Inc. $332 12/2/2016 23-2703821 Fairmount Park Conservancy $50 11/10/2016 23-2703821 Fairmount Park Historic Preservation Trust $50 12/7/2016 45-5064611 Faith In the Future Foundation $5,000 6/8/2016 23-1352361 Family Service of Montgomery County PA $300 6/24/2016 52-1254489 FCNL Education Fund $10,560 6/29/2016 54-1009757 First Baptist Church $1,600 12/5/2016 54-1009757 First Baptist Church $1,600 6/13/2016 54-1009757 First Baptist Church $1,600 4/8/2016 54-1009757 First Baptist Church $1,600 4/1/2016 54-1009757 First Baptist Church $2,000 2/11/2016 54-1009757 First Baptist Church $1,600 1/25/2016 23-6393377 First Presbyterian Church of Cranbury $1,500 12/5/2016 23-6393377 First Presbyterian Church of Cranbury $1,500 10/25/2016 31-1813333 First United Methodist Church of Germantown $300 11/22/2016 31-1813333 First United Methodist Church of Germantown $800 11/22/2016 31-1813333 First United Methodist Church of Germantown $100 11/21/2016 31-1813333 First United Methodist Church of Germantown $20 11/18/2016 31-1813333 First United Methodist Church of Germantown $20 7/14/2016 31-1813333 First United Methodist Church of Germantown $20 7/14/2016 31-1813333 First United Methodist Church of Germantown $80 7/14/2016 31-1813333 First United Methodist Church of Germantown $200 7/14/2016 31-1813333 First United Methodist Church of Germantown $80 7/14/2016 31-1813333 First United Methodist Church of Germantown $50 7/14/2016 31-1813333 First United Methodist Church of Germantown $150 7/14/2016 31-1813333 First United Methodist Church of Germantown $15,000 4/11/2016 31-1813333 First United Methodist Church of Germantown $300 3/10/2016 31-1813333 First United Methodist Church of Germantown $20 2/2/2016 31-1813333 First United Methodist Church of Germantown $50 2/2/2016

STATEMENT C-1 PAGE 4 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 31-1813333 First United Methodist Church of Germantown $40 2/2/2016 62-0202000 Fisk University $334 4/18/2016 65-0403969 Florida Gulf Coast University Foundation, Inc. $200 7/14/2016 20-5047949 Florida School of Holistic Living, Inc. $500 12/5/2016 59-0840626 Florida West Coast Public Broadcasting Inc. $334 7/14/2016 23-2678383 Food Trust $100 11/30/2016 23-2622263 Foundation for Breast and Prostate Health $60 6/14/2016 23-3057423 Foundation for the Advancement of International Medical Education and $1,000 7/20/2016 31-1450222 Foundation II of the American College of Trial Lawyers Inc. $2,000 11/7/2016 11-3451703 Fractured Atlas, Inc. $1,000 7/19/2016 23-1352634 Frankford Friends School $600 12/12/2016 23-1352634 Frankford Friends School $1,000 11/16/2016 23-1370501 Franklin Institute $5,000 10/12/2016 23-2867497 Fred's Footsteps $100 12/7/2016 52-1173474 Free Library of Philadelphia Foundation $1,000 11/16/2016 52-1173474 Free Library of Philadelphia Foundation $100 3/17/2016 52-1173474 Free Library of Philadelphia Foundation $200 1/13/2016 23-2082037 Friends of Laurel Hill Cemetery $50 12/7/2016 23-2082037 Friends of Laurel Hill Cemetery $1,000 11/16/2016 23-2696862 Friends of Louis Kahn Park $1,000 5/2/2016 23-1352311 Friends of the Glenside Library $200 11/23/2016 23-1352311 Friends of the Glenside Library $100 7/14/2016 23-1995639 Friends of the Grange, Inc. $60 5/12/2016 23-2936188 FringeArts $100 11/30/2016 13-6223604 Fund for American Studies $2,500 11/18/2016 23-3068323 General Meade Society of Philadelphia $1,000 11/30/2016 20-5604200 Georgia Robotics Alliance, Inc. $100 2/9/2016 23-1352639 Germantown Academy $200 8/31/2016 05-0630018 Germantown Friends School $400 11/29/2016 23-1568111 Gettysburg Battlefield Preservation Association, Inc. $3,000 11/18/2016 23-1568111 Gettysburg Battlefield Preservation Association, Inc $60 2/11/2016 23-1568111 Gettysburg Battlefield Preservation Association, Inc. $60 2/2/2016 23-1352641 Gettysburg College $200 12/7/2016 13-1624016 Girl Scouts of the United States of America $5,000 10/12/2016 20-5677965 Girls Rock Philly $200 12/1/2016 23-6435384 Goshen Fire Company $100 12/2/2016 83-0322668 Grand Teton National Park Foundation $20,000 8/8/2016 23-2498019 Greater Glenside Patriotic Association $50 7/14/2016 26-2727680 Greater Philadelphia Coalition Against Hunger $400 12/5/2016 26-2727680 Greater Philadelphia Coalition Against Hunger $50 4/25/2016 26-2727680 Greater Philadelphia Coalition Against Hunger $50 4/4/2016 23-1885448 Greater Philadelphia Cultural Alliance $10,000 5/11/2016 13-1632516 Greek Orthodox Archdiocese of America $200 12/7/2016 26-2212927 Greener Partners $2,500 12/5/2016 95-3313195 Greenpeace Fund, Inc. $100 10/21/2016 23-2989249 Greensgrow Philadelphia Project $100 8/30/2016 23-2989249 Greens row Philadel p hia Project $200 8/30/2016 23-2989249 Greensgrow Philadelphia Project $5,000 8/9/2016 22-3694371 Grounds For Sculpture, Inc. $168 10/14/2016 54-1774039 Guidestar USA, Inc. $500 12/7/2016 90-0595493 Gulf Coast Community Choir $200 4/18/2016 91-1914868 Habitat for Humanity International, Inc. $5,000 12/5/2016 STATEMENT C-1 PAGE 5 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 91-1914868 Habitat for Humanity International, Inc. $50 10/21/2016 23-2544395 Habitat for Humanity of Montgomery County $100 10/7/2016 22-6088484 Haddonfield Friends of the Library $100 12/7/2016 04-2103580 Harvard University $400 12/7/2016 23-6002304 Haverford College $5,000 10/12/2016 45-5261907 Head Strong Project, Inc. $5,000 8/31/2016 35-1019477 Heifer Project International $100 12/7/2016 95-2706737 Help Hospitalized Veterans $100 12/2/2016 95-2706737 Help Hospitalized Veterans $100 8/23/2016 23-7327730 Heritage Foundation $10,000 2/22/2016 23-2724914 Historic Fair Hill, Inc. $21,000 11/10/2016 23-1352322 Historical Society of Pennsylvania $50 10/21/2016 45-2445561 Honey Brook Elementary Center Parent Teacher Organization $200 4/1/2016 31-1660671 Hopeworks N Camden, Inc. $334 12/2/2016 31-1660671 Hopeworks N Camden, Inc. $100 10/24/2016 53-0225390 Humane Society of the United States $120 3/17/2016 20-5859851 Idiopathic Ridiculopathy Consortium $400 6/17/2016 27-1247430 Impact Network $500 1/13/2016 45-4720688 Independence Missions Schools $2,500 5/19/2016 74-2674238 Institute for Disability Access Inc $100 2/3/2016 54-2034070 Institute for Responsible Citizenship, Inc. $5,000 11/18/2016 51-0282621 International Group for Historic Aircraft Recovery $120 9/16/2016 51-0282621 International Group for Historic Aircraft Recovery $5,000 2/2/2016 13-5660870 International Rescue Committee, Inc. $108 1/13/2016 91-1144119 International Snow Leopard Trust $60 12/1/2016 22-2350832 Isles, Inc. $514 1/13/2016 22-3667256 Jake Rogers Memorial Foundation, Inc. $200 12/7/2016 23-1500085 Jewish Federation of Greater Philadelphia $1,000 1/13/2016 13-1659627 Jewish National Fund - Karen Kayemeth Lelsrael, Inc. $72 1/25/2016 59-6214423 John and Mable Ringling Museum of Art Foundation $334 8/29/2016 23-7393771 John Bartram Association $200 12/7/2016 23-7393771 John Bartram Association $120 12/1/2016 68-0421846 Kids for the Kingdom, Inc. $30,000 11/30/2016 23-2865855 Kimmel Center Inc. $1,000 6/30/2016 02-0499997 Krempels Center $10,000 11/30/2016 71-1004429 KYL Dancers, Inc. $200 5/11/2016 71-1004429 KYL Dancers, Inc. $150 4/29/2016 45-4663634 Kyles Quillows $100 12/7/2016 23-2041915 La Comunidad Hispana, Inc. $50 12/8/2016 23-2041915 La Comunidad Hispana, Inc. $100 11/30/2016 24-0798829 Lackawanna Historical Society $5,000 2/2/2016 45-3041321 Lake George Music Festival $1,000 3/22/2016 45-3041321 Lake George Music Festival $4,000 2/9/2016 23-2798692 Lantern Theater Coman $2,500 7/8/2016 23-1352654 LaSalle University $1,000 11/30/2016 23-1352654 LaSalle University $25,000 2/2/2016 23-1352654 LaSalle University $1,500 2/2/2016 23-2172743 Laurel House $100 12/7/2016 53-0239013 League of Women Voters Education Fund $70 12/1/2016 80-0208444 LearnServe International $260 11/30/2016 13-5644916 Leukemia and Lymphoma Society $100 3/2/2016 45-4724856 Liberty Hill Center for Agricultural Education $5,000 11/18/2016 STATEMENT C-1 PAGE 6 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 23-1370444 Library Company of Philadelphia $300 10/11/2016 23-1370444 Library Company of Philadelphia $250 7/26/2016 84-0852104 Lighthawk $10,000 11/22/2016 23-2626398 London Grove Monthly Meeting $200 12/8/2016 22-2779164 Longport Historical Society Museum and Library $1,500 11/18/2016 22-2779164 Longport Historical Society Museum and Library $50 11/16/2016 26-0308131 Longport Volunteer Fire Department $150 8/11/2016 23-6050469 Main Line School Night Association $1,000 6/21/2016 45-3969420 Manasota ASALH, Inc. $200 3/7/2016 45-3969420 Manasota ASALH, Inc. $668 1/14/2016 13-1740469 Manhattanville College $500 8/31/2016 23-1473884 Mann Center for the Performing Arts $1,000 7/20/2016 13-1924236 Memorial Sloan-Kettering Cancer Center $200 7/8/2016 22-2133029 Mercer County Community College Foundation - WWFM Classical $500 12/5/2016 22-2133029 Mercer County Community College Foundation - WWFM Classical $450 6/21/2016 22-2133029 Mercer County Community College Foundation - WWFM Classical $300 4/7/2016 22-2859879 Mercy Learning Center of Bridgeport, Inc. $50,000 12/2/2016 52-2150061 Methodist Federation for Social Action $100 7/14/2016 23-2586142 Metropolitan Area Neighborhood Nutrition Alliance $150 11/22/2016 13-1624087 Metropolitan Opera Association $3,500 6/21/2016 20-0182824 Mi Familia Vota Education Fund $800 11/30/2016 62-1362177 Midtown Church of Christ $2,000 5/20/2016 62-1362177 Midtown Church of Christ $12,000 5/19/2016 13-3687725 Mint Theater Company Inc. $3,000 6/14/2016 13-4207776 Mission of Hope $6,000 10/14/2016 23-1425036 Montgomery County Society for the Prevention of Cruelty to Animals $100 12/1/2016 23-1425036 Montgomery County Society for the Prevention of Cruelty to Animals $5,000 4/7/2016 23-1531275 Mount Carmel Baptist Church $600 10/21/2016 13-3540880 Museum of American Finance $25,000 12/2/2016 13-1624100 Museum of Modern Art $140 1/13/2016 13-1655255 NAACP Legal Defense and Educational Fund, Inc. $100 4/18/2016 13-1998814 NAACP Special Contribution Fund $100 7/14/2016 84-1482241 National Association for Media Literacy Education $5,000 10/24/2016 13-1624102 National Audubon Society $50 11/10/2016 13-1624102 National Audubon Society - Audubon Pennsylvania $400 4/7/2016 52-2055016 National Center for Family Philanthropy, Inc. $10,000 6/8/2016 13-5661935 National Multiple Sclerosis Society $100 8/4/2016 13-5661935 National Multiple Sclerosis Society $100 6/17/2016 13-5661935 National Multiple Sclerosis Society $100 5/20/2016 13-5661935 National Multiple Sclerosis Society $150 5/2/2016 13-5661935 National Multiple Sclerosis Society $100 3/17/2016 01-0560081 National Nurse-Led Care Consortium, Inc. $200 11/10/2016 52-1477004 National Organization for Women Foundation, Inc. $60 12/1/2016 53-0225165 National Parks Conservation Association $1,000 4/7/2016 53-0225165 National Parks Conservation Association $70 3/17/2016 58-1431113 National Peace Corps Association $200 8/31/2016 53-0210807 National Trust for Historic Preservation $200 10/25/2016 53-0210807 National Trust for Historic Preservation $100 8/31/2016 53-0204616 National Wildlife Federation $400 4/7/2016 53-0204616 National Wildlife Federation $60 2/24/2016 84-0611876 Native American Rights Fund $500 11/18/2016 23-6272818 Natural Lands $150 12/1/2016 STATEMENT C-1 PAGE 7 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 23-6272818 Natural Lands $100 12/1/2016 13-2654926 Natural Resources Defense Council, Inc. $1,000 12/7/2016 13-2654926 Natural Resources Defense Council, Inc. $15,000 11/29/2016 13-2654926 Natural Resources Defense Council, Inc. $500 11/29/2016 13-2654926 Natural Resources Defense Council, Inc. $70 3/17/2016 53-0242652 Nature Conservancy $500 10/25/2016 53-0242652 Nature Conservancy $100 9/28/2016 53-0242652 Nature Conservancy $1,000 7/26/2016 53-0242652 Nature Conservancy $500 6/14/2016 53-0242652 Nature Conservancy $1,750 4/7/2016 53-0242652 Nature Conservancy - Pennsylvania $150 12/1/2016 53-0242652 Nature Conservancy - Pennsylvania $500 10/25/2016 52-1814344 Naval Institute Foundation, Inc. $5,000 4/11/2016 23-3012779 Neighborhood Bike Works $500 12/5/2016 68-0480736 Network for Good $400 11/21/2016 22-1539642 New Jersey Audubon Society $670 12/7/2016 22-1539642 New Jersey Audubon Society $1,000 11/1/2016 22-1539642 New Jersey Audubon Society $1,000 10/27/2016 22-1539642 New Jersey Audubon Society $200 4/25/2016 22-1539642 New Jersey Audubon Society $1,000 1/13/2016 22-6065456 New Jersey Conservation Foundation $670 12/7/2016 22-2879323 New Jersey Future, Inc. $300 12/7/2016 13-1693134 New York Botanical Garden $168 7/1/2016 13-3505428 New York Legal Assistance Group, Inc. $400 11/29/2016 13-3015230 New York Public Radio $524 10/25/2016 13-2949483 New York Road Runners, Inc $150 7/14/2016 22-2587176 Newark Beth Israel Medical Center Foundation, Inc. $150 10/7/2016 23-3078345 Nichole Canuso Dance Company, Inc. $2,000 12/7/2016 73-0632928 Ninety-Nines, Inc. $20,000 11/23/2016 23-1970067 Norristown Zoological Society $118 11/30/2016 13-1656679 Northside Center for Child Development, Inc. $668 3/7/2016 46-2052184 Not Forgotten Outreach, Inc. $20,000 12/2/2016 46-2052184 Not Forgotten Outreach, Inc. $4,120 11/21/2016 20-0234163 Nurse Family Partnership $500 12/5/2016 47-3769157 One Step Away $50 4/27/2016 23-1504706 Opera Philadelphia $860 10/24/2016 23-1504706 Opera Philadelphia $22,612 10/21/2016 23-1504706 Opera Philadelphia $7,500 10/12/2016 23-1504706 Opera Philadelphia $5,600 10/7/2016 23-1504706 Opera Philadelphia $10,000 8/31/2016 23-1504706 Opera Philadelphia $32,200 8/4/2016 23-1504706 Opera Philadelphia $15,000 5/11/2016 23-1504706 Opera Philadelphia $4,000 5/11/2016 23-1504706 Opera Philadelphia $240 5/3/2016 23-1504706 Opera Philadelphia $270 4/4/2016 23-1504706 Opera Philadelphia $11,834 3/22/2016 27-5366830 Pamoza International $200 11/22/2016 27-5366830 Pamoza International $400 11/16/2016 23-2359407 Paoli Memorial Hospital Foundation $4,000 5/20/2016 23-2359407 Paoli Memorial Hospital Foundation $4,000 5/19/2016 25-1291634 Paralyzed Veterans of America $100 12/2/2016 25-1291634 Paralyzed Veterans of America $150 8/23/2016 STATEMENT C-1 PAGE 8 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 35-6064030 Parker Hill Community Church $24,000 11/30/2016 94-2499582 Parsifals Productions - Metropolitan Playhouse $3,000 6/14/2016 04-3567502 Partners In Health, A Nonprofit Corporation $100 12/8/2016 04-3567502 Partners In Health, A Nonprofit Corporation $70 12/1/2016 04-3567502 Partners In Health, A Nonprofit Corporation $100 11/30/2016 23-2001837 PathWays PA, Inc. $200 11/29/2016 21-0635004 Pennington School $50,000 10/17/2016 23-1352256 Pennsylvania Academy of the Fine Arts $120 9/8/2016 23-7286159 Pennsylvania Environmental Council, Inc. $1,500 12/7/2016 23-7286159 Pennsylvania Environmental Council, Inc. $100 5/20/2016 23-1352265 Pennsylvania Horticultural Society $4,000 11/14/2016 23-1352265 Pennsylvania Horticultural Society $7,000 8/31/2016 23-1352265 Pennsylvania Horticultural Society $2,000 8/31/2016 23-1352265 Pennsylvania Horticultural Society $5,000 8/11/2016 23-1352265 Pennsylvania Horticultural Society $10,000 5/19/2016 25-1859016 Pennsylvania Parks and Forests Foundation $5,000 11/30/2016 23-1352269 Pennsylvania Society for the Prevention of Cruelty to Animals $100 11/29/2016 23-1352269 Pennsylvania Society for the Prevention of Cruelty to Animals $100 10/21/2016 23-2434262 Pennsylvanians for Modern Courts $500 4/25/2016 23-1732453 Pennypack Ecological Restoration Trust $100 5/26/2016 52-1218336 People for the Ethical Treatment of Animals Inc. $100 2/24/2016 23-2290505 Philabundance $100 11/23/2016 23-2290505 Philabundance $2,500 11/14/2016 23-2290505 Philabundance $400 10/7/2016 23-2290505 Philabundance $2,500 2/1/2016 23-2290505 Philabundance $1,000 1/13/2016 23-2290505 Philabundance $200 1/13/2016 22-2442433 Philadelphia Academies, Inc. $5,000 5/19/2016 26-3862631 Philadelphia Animal Welfare Society $100 11/29/2016 26-3862631 Philadelphia Animal Welfare Society $400 9/30/2016 23-2286795 Philadelphia Camp Sons of Union $10,000 11/22/2016 23-2286795 Philadelphia Camp Sons of Union $100 8/23/2016 23-2302559 Philadelphia Clef Club of the Performing Arts $668 8/29/2016 23-1581832 Philadelphia Foundation $5,000 12/1/2016 23-1581832 Philadelphia Foundation $10,000 12/1/2016 23-1581832 Philadelphia Foundation $200 11/29/2016 23-1581832 Philadelphia Foundation $200 11/29/2016 23-1365388 Philadelphia Museum of Art $5,000 10/14/2016 23-1365388 Philadelphia Museum of Art $230 8/31/2016 23-1365388 Philadelphia Museum of Art $450 7/1/2016 23-1365388 Philadelphia Museum of Art $50,000 6/3/2016 23-1365388 Philadelphia Museum of Art $50,000 1/26/2016 23-1352289 Philadelphia Orchestra Association $7,500 10/14/2016 23-1352289 Philadelphia Orchestra Association $2,500 4/7/2016 23-1352289 Philadelphia Orchestra Association $108 4/7/2016 52-2352267 Philadelphia Pickwick Club, Inc. $220 3/17/2016 46-2716505 Philadel p hia Public School Notebook $200 11/29/2016 46-2716505 Philadelphia Public School Notebook $400 9/12/2016 46-2716505 Philadelphia Public School Notebook $100 6/21/2016 23-7377505 Philadelphia Ronald McDonald House, Inc. $400 12/13/2016 23-7377505 Philadelphia Ronald McDonald House, Inc. $2,500 11/14/2016 23-2210390 Philadelphia VIP, Inc. $400 11/29/2016 STATEMENT C-1 PAGE 9 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 23-2626398 Philadelphia Yearly Meeting of Friends $1,220 11/18/2016 23-2626398 Philadelphia Yearly Meeting of Friends $700 6/17/2016 23-2626398 Philadelphia Yearly Meeting of Friends $1,000 2/18/2016 23-2474075 Philadelphia Young Playwrights, Inc. $10,000 11/10/2016 47-3758442 Philadelphia Youth Basketball, Inc. $600 7/8/2016 23-1654587 Philadelphia-Montgomery Christian Academy $80 4/25/2016 27-4327457 Philadelphians Organized to Witness Empower and Rebuild $200 8/30/2016 45-5510035 PhilaSoup, Inc. $200 11/29/2016 52-2336109 Pierrepont School, Inc. $10,000 12/2/2016 52-1641512 Pinelands Preservation Alliance, Inc. $670 12/7/2016 59-2988752 Pines of Sarasota Foundation, Inc. $334 10/25/2016 13-1644147 Planned Parenthood Federation of America $100 3/17/2016 21-6008381 Planned Parenthood of Southern New Jersey, Inc. $334 12/2/2016 23-1352509 Planned Parenthood Southeastern Pennsylvania $25,000 12/5/2016 23-1352509 Planned Parenthood Southeastern Pennsylvania $20,000 12/5/2016 23-1352509 Planned Parenthood Southeastern Pennsylvania $100 12/1/2016 23-1352509 Planned Parenthood Southeastern Pennsylvania $10,000 11/29/2016 26-0085446 Playpenn, Inc. $7,500 8/4/2016 26-0085446 Playpenn, Inc. $7,500 4/4/2016 23-2109376 Please Touch Museum $200 11/29/2016 94-1703155 Population Connection $70 12/1/2016 23-2106589 Preservation Alliance for Greater Philadelphia $100 11/23/2016 22-3436451 Princeton Internships in Civic Service, Inc. $8,340 3/22/2016 22-3436451 • Princeton Internships in Civic Service, Inc. $10,000 2/9/2016 22-6075964 Princeton Prospect Foundation $2,500 10/7/2016 21-0634501 Princeton University $200 7/1/2016 21-0634501 Princeton University $4,000 5/20/2016 21-0634501 Princeton University $10,000 5/19/2016 13-3200534 Princeton University Class of 1969 $250 8/31/2016 23-2555950 Project Home $500 12/7/2016 23-2555950 Project Home $5,000 12/5/2016 23-2555950 Project Home $200 11/30/2016 23-2555950 Project Home $700 1/13/2016 58-0566245 Prospect Missionary Baptist Church $12,000 5/19/2016 23-2137461 Public Citizens for Children and Youth $20,000 12/5/2016 23-2137461 Public Citizens for Children and Youth $200 8/29/2016 23-2137461 Public Citizens for Children and Youth $200 1/13/2016 45-2552448 Public Media NJ, Inc. $100 1/25/2016 38-3858580 Quaker Voluntary Service, Inc. $450 6/6/2016 38-3858580 Quaker Voluntary Service, Inc. $650 3/7/2016 38-3858580 Quaker Voluntary Service, Inc. $450 2/18/2016 81-0605339 Radnor Conservancy $2,500 12/5/2016 52-1437006 Rails to Trails Conservancy $100 5/26/2016 04-3481253 Reach Out and Read , Inc. $160 10/21/2016 27-4281672 REACH Pregnancy Center of Northern New York, Inc. $2,000 11/21/2016 42-1613294 Recreational Aviation Foundation $5,000 11/22/2016 23-1727133 Resources for Human Develo p ment, Inc. $200 1/13/2016 20-8334578 Restavec Freedom Foundation $10,000 12/2/2016 23-6050680 Richard J. Caron Foundation $1,000 9/29/2016 59-0637903 Ringling College of Art and Design, Inc. $668 3/7/2016 23-1365228 Rodeph Shalom Congregation $8,000 8/23/2016 65-1317513 Run Free Ranch $4,000 5/19/2016 STATEMENT C-1 PAGE 10 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 23-2274198 Saint Christopher's Foundation for Children $5,000 12/5/2016 23-1457984 Saint Clements Church $50,000 9/29/2016 45-2353683 Saint James School $2,000 11/14/2016 45-2353683 Saint James School $2,500 5/19/2016 53-0196617 Saint John's Preparatory School, Inc. $5,000 11/30/2016 62-0646012 Saint Jude Children's Research Hospital, Inc. $240 12/9/2016 62-0646012 Saint Jude Children's Research Hospital, Inc. $600 12/7/2016 31-1629166 Saint Mary's Episcopal Church $20,000 12/5/2016 58-0660607 Salvation Army $200 6/15/2016 59-6509436 Sanibel Community Church $26,000 11/30/2016 26-2655709 Save the Frogs $50 12/1/2016 46-1031815 Save The Storks $2,000 8/30/2016 37-1582250 Scholar Academies $15,000 5/11/2016 23-7129575 Schomburg Collection of Black History Literature and Art, Inc. $668 8/29/2016 52-1375827 Scleroderma Foundation $200 4/25/2016 59-6151069 Sea Turtle Conservancy $200 11/30/2016 20-0069773 Serving Those Who Serve $10,000 11/29/2016 23-1352676 Settlement Music School $200 11/29/2016 23-1352676 Settlement Music School $500 4/4/2016 23-2424621 Shalom Center $1,200 11/10/2016 34-6610067 SHRM Foundation, Inc. $70 11/21/2016 58-2605168 Single Parents Alliance and Resource Center, Inc. $8,000 12/1/2016 23-1381419 Sister Servants of the Holy Spirit of Perpetual Adoration UTD STS $50 10/24/2016 04-1843040 Smith College $800 11/8/2016 23-1353547 Smith Memorial Playground and Playhouse $500 11/29/2016 53-0206027 Smithsonian Institution $334 3/7/2016 63-0598743 Southern Poverty Law Center, Inc. $670 12/7/2016 63-0598743 Southern Poverty Law Center, Inc. $334 8/29/2016 23-2896812 SpeakUp $10,000 9/30/2016 26-4005641 Spruce Foundation Inc. $100 3/17/2016 22-2962852 St. Matthews Baptist Church $200 12/1/2016 23-1353343 St. Pauls Protestant Episcopal Church $80 11/18/2016 23-7305181 State Historical Society of ND Foundation $10,000 11/22/2016 47-4730275 Stephen C. Rose Legacy Foundation $334 3/29/2016 42-1612131 Steppingstone Scholars, Inc. $5,000 5/19/2016 52-2081073 Stroud Water Research Center $100 12/8/2016 52-2081073 Stroud Water Research Center $100 11/30/2016 56-2601116 Sunshine Arts, Inc. $6,700 3/28/2016 23-2048664 Support Center for Child Advocates $1,000 7/20/2016 27-3473341 Sustainable Business Education Initiative Inc. $800 6/1/2016 23-1352683 Swarthmore College $5,000 11/2/2016 23-1352683 Swarthmore College $5,000 10/14/2016 23-1352683 Swarthmore College $1,250 10/14/2016 23-1352491 Swarthmore Presbyterian Church $10,500 10/14/2016 26-1892969 Sylvia Earle Alliance Mission Blue $5 ,000 11/22/2016 51-0244534 Symphony in C $500 12/7/2016 27-4622350 TechGirlz Charitable Foundation $15,000 8/31/2016 23-1365971 Temple University - Charles L. Blockson Afro-American Collection $334 4/25/2016 23-1365971 Temple University - Office of Institutional Advancement $4,800 12/2/2016 23-1365971 Temple University - WRTI $500 11/16/2016 23-1365971 Temple University - WRTI $400 7/26/2016 23-1365971 Temple University - WRTI $240 5/11/2016 STATEMENT C-1 PAGE 11 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 23-1365971 Temple University - WRTI $100 4/18/2016 23-1365971 Temple University - WRTI $300 4/7/2016 23-2728931 The GESU School Inc $2,500 7/20/2016 23-2978331 Theatre Exile Company $1,000 8/31/2016 23-1353287 TheVillage Services $2,000 10/11/2016 23-1353287 TheVillage Services $80 4/25/2016 26-2810489 Thirteen $200 12/7/2016 23-1352651 Thomas Jefferson University $2,000 4/4/2016 34-1405286 Tiffin Community Foundation $100 7/14/2016 13-3155199 Tomorrow's Children's Fund, Inc. $2,000 11/30/2016 51-0065745 Tower Hill School $200 11/29/2016 41-2237951 Travis Manion Foundation $2,500 11/14/2016 41-2237951 Travis Manion Foundation $1,000 7/20/2016 22-2392881 Trenton Area Soup Kitchen $200 11/1/2016 23-2696327 True Gospel Tabernacle Family Church, Inc. $100 11/21/2016 23-2696327 True Gospel Tabernacle Family Church, Inc. $550 8/4/2016 23-2696327 True Gospel Tabernacle Family Church, Inc. $50 4/8/2016 23-2696327 True Gospel Tabernacle Family Church, Inc. $40 4/4/2016 23-2696327 True Gospel Tabernacle Family Church, Inc $260 3/1/2016 23-2696327 True Gospel Tabernacle Family Church, Inc. $100 2/18/2016 23-2696327 True Gospel Tabernacle Family Church, Inc. $40 2/11/2016 23-7222333 Trust for Public Land $500 7/26/2016 04-2103634 Tufts University $200 11/29/2016 61-1443458 Unconditional Love for Children $334 4/18/2016 04-2535767 Union of Concerned Scientists, Inc. $100 12/1/2016 23-2835519 United Church of Christ East Goshen $1,000 11/30/2016 13-1624241 United Negro College Fund, Inc. $200 7/14/2016 13-1624241 United Negro College Fund, Inc. $5,000 5/19/2016 13-1610451 United Service Organizations, Inc. $100 12/2/2016 13-1610451 United Service Organizations, Inc. $150 8/23/2016 30-0224549 United States Friends of David Sheldrick Wildlife Trust, Inc. $2,000 11/2/2016 13-1760110 United States Fund for UNICEF $5,694 11/30/2016 13-1760110 United States Fund for UNICEF $700 2/1/2016 52-1309391 United States Holocaust Memorial Council $200 7/14/2016 23-1556045 United Way of Greater Philadelphia and Southern New Jersey $200 9/15/2016 23-1556045 United Way of Greater Philadelphia and Southern New Jersey $1,000 6/6/2016 36-2177139 University of Chicago $334 8/29/2016 06-6070722 University of Connecticut Foundation, Inc. $10,000 10/17/2016 51-6000297 University of Delaware - Development and Alumni Relations $500 10/14/2016 45-0348296 University of North Dakota Alumni Association and Foundation $15,000 11/29/2016 23-1352685 University of Pennsylvania - Abramson Cancer Center $2,000 10/20/2016 23-1352685 University of Pennsylvania - Abramson Cancer Center $500 8/23/2016 23-1352685 University of Pennsylvania - Division of Infectious Disease $10,000 11/14/2016 23-1352685 University of Pennsylvania - Division of Infectious Disease $10,000 11/4/2016 23-1352685 University of Pennsylvania - Gift Accounting and Administration $200 11/29/2016 23-1352685 University of Pennsylvania - Gift Accounting and Administration $5,000 10/14/2016 23-1352685 Universityof Pennsylvania - Morris Arboretum $10,000 11/18/2016 23-1352685 University of Pennsylvania - Morris Arboretum $200 10/31/2016 23-1352685 University of Pennsylvania - Morris Arboretum $2,000 7/25/2016 23-1352685 University of Pennsylvania - Morris Arboretum $10,000 3/29/2016 23-1352685 University of Pennsylvania - The Wharton School $200 11/29/2016 23-1352685 University of Pennsylvania - The Wharton School $500 10/14/2016 STATEMENT C-1 PAGE 12 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 23-1352685 University of Pennsylvania - WXPN-FM $150 11/30/2016 23-1352685 University of Pennsylvania - WXPN-FM $100 11/30/2016 23-1352685 University of Pennsylvania - WXPN-FM $120 5/27/2016 59-0879015 University of South Florida Foundation, Inc. $334 10/25/2016 54-1682176 University of Virginia Foundation $2,000 6/6/2016 54-0838566 University of Virginia Law School Foundation $5,000 8/31/2016 23-1458004 Upland Country Day School $50 12/8/2016 22-3229121 Urbanpromise Ministries, Inc. $35,000 11/30/2016 35-0868125 Valparaiso University $25,000 12/2/2016 35-0868125 Valparaiso University $20,000 12/2/2016 35-0868125 Valparaiso University $10,000 12/2/2016 43-1758998 Veterans of Foreign Wars Foundation $100 12/2/2016 43-1758998 Veterans of Foreign Wars Foundation $150 8/11/2016 52-1571442 Violence Policy Center $400 11/29/2016 54-0517188 Virginia Student Aid Foundation $2,500 7/20/2016 53-0196617 Visitation of the Blessed Virgin Mary Church $20 2/2/2016 23-1370509 Wagner Free Institute of Science $25,000 10/24/2016 23-1370509 Wagner Free Institute of Science $200 8/31/2016 22-2400593 WAMC $200 6/7/2016 23-6392259 Wayne Art Center $10,000 12/5/2016 23-6392259 Wayne Art Center $15,000 8/4/2016 04-2103637 Wellesley College $1,000 11/29/2016 65-1040662 Westcoast Black Theatre Troupe of Florida, Inc. $6,800 11/28/2016 65-1040662 Westcoast Black Theatre Troupe of Florida, Inc. $500 8/29/2016 65-1040662 Westcoast Black Theatre Troupe of Florida, Inc. $2,400 7/19/2016 21-0685814 Westmont Fire Company No. 1 $100 7/26/2016 21-0685814 Westmont Fire Company No. 1 $52 1/25/2016 23-1438083 WHYY, Inc. $300 12/7/2016 23-1438083 WHYY, Inc. $200 12/1/2016 23-1438083 WHYY, Inc $240 11/23/2016 23-1438083 WHYY, Inc. $1,000 11/16/2016 23-1438083 WHYY, Inc $240 11/1/2016 23-1438083 WHYY, Inc. $5,000 10/11/2016 23-1438083 WHYY, Inc. $100 8/30/2016 23-1438083 WHYY, Inc. $600 7/14/2016 23-1438083 WHYY1 Inc. $1,000 4/7/2016 23-1438083 WHYY, Inc. $240 2/24/2016 23-1438083 WHYY, Inc. $582 2/1/2016 23-1438083 WHYY, Inc. $200 1/13/2016 20-0049703 Wikimedia Foundation, Inc. $200 10/21/2016 53-0167933 Wilderness Society $70 11/10/2016 237425668 Wilma Theater, Inc. $200 12/1/2016 237425668 Wilma Theater, Inc. $50,000 10/26/2016 237425668 Wilma Theater, Inc. $50,000 4/13/2016 237425668 Wilma Theater, Inc. $600 1/25/2016 46-2943652 Windsor Castle Park Foundation $1,000 7/19/2016 23-2312185 Windsor Christian Academy $14,000 12/5/2016 23-1984838 Women Against Abuse, Inc $10,000 12/5/2016 51-0189614 Womens Medical Fund, Inc. $500 12/5/2016 21-0703075 Woodrow Wilson National Fellowship Foundation $300 8/31/2016 04-2310919 Woods Hole Public Library $100 1/13/2016 52-1693387 World Wildlife Fund, Inc. $150 12/1/2016 STATEMENT C-1 PAGE 13 OF 14 WILLIAM PENN FOUNDATION DIRECTOR DISCRETIONARY AND MATCHING GIFTS PAID 2016 52-1693387 World Wildlife Fund, Inc. $50 10/21/2016 23-7367468 Worldwatch Institute $70 12/1/2016 20-2370934 Wounded Warrior Project, Inc. $100 12/2/2016 23-1627623 Wyndmoor Hose Company No. 1 $100 11/18/2016 06-0646973 Yale University - School of Forestry and Environmental Studies $3,600 12/9/2016 06-0646973 Yale University - Yale Law School Fund $150 8/31/2016 30-0070430 YingHua Language School $20,000 5/24/2016 23-1365994 YMCA of Greater Brandywine $150 5/12/2016 23-1365076 Youth Service, Inc. $200 12/13/2016 27-2507543 Zion's Outreach $4,100 9/8/2016 23-1352298 Zoological Society of Philadelphia $144 3/24/2016 $2,382,428

STATEMENT C-1 PAGE 14 OF 14