OMB No.

1545-0047
Return of Organization Exempt From Income Tax
Form 990 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) À¾¶µ
I Do not enter social security numbers on this form as it may be made public. Open to Public
Department of the Treasury
Internal Revenue Service

A For the 2021 calendar year, or tax year beginning

I Go to www.irs.gov/Form990 for instructions and the latest information.
04/01/2021 and ending 03/31/2022
Inspection

C Name of organization D Employer identification number

B Check if applicable:
BERGER ACTION FUND INC.
Address
change Doing business as 20-8948868
Name change Number and street (or P.O. box if mail is not delivered to street address) Room/suite E Telephone number

Initial return P.O. BOX 53241 ( ) -

Final return/ City or town, state or province, country, and ZIP or foreign postal code
terminated
Amended G Gross receipts $
WASHINGTON, DC 20009-9241
return 357,811,639.
Application F Name and address of principal officer:
MOLLY MCUSIC H(a) Is this a group return for Yes X No
pending subordinates?
P.O. BOX 53241, WASHINGTON, DC 20009-9241 H(b) Are all subordinates included? Yes No
I Tax-exempt status: 501(c)(3) X 501(c) ( 4 )
I
(insert no.) 4947(a)(1) or
J527 If "No," attach a list. See instructions

J Website: N/A
K Form of organization: X Corporation Trust Association Other
H(c) Group exemption number

I
L Year of formation: 2007 M State of legal domicile: DE
I
Part I Summary
1 Briefly describe the organization's mission or most significant activities: THE ORGANIZATION PRIMARY MISSION IS TO
PROMOTE PRO-CONSERVATION AND SOCIAL WELFARE POLICIES.
Activities & Governance

2
3
Check this box I if the organization discontinued its operations or disposed of more than 25% of its net assets.
Number of voting members of the governing body (Part VI, line 1a) mmmmmmmmmmmmmmmmmmmmmmm 3 4
4 Number of independent voting members of the governing body (Part VI, line 1b) mmmmmmmmmmmmmmmmm 4 3
5 Total number of individuals employed in calendar year 2021 (Part V, line 2a) mmmmmmmmmmmmmmmmmmm 5 25
6
7a
Total number of volunteers (estimate if necessary) m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm 6
7a
5
NONE
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Total unrelated business revenue from Part VIII, column (C), line 12
b Net unrelated business taxable income from Form 990-T, Part I, line 11 7b
Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) m m m m m m m m m m m m m m m m m m m m m m m m m 126,884,700. 278,951,042.
m m m m m m m m m m m m m m m m m m m m m m m m m 46,345,657.
Revenue

9 Program service revenue (Part VIII, line 2g) NONE NONE

10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) mmmmmmmmmmmmmmmmm 30,720,118.
11
12
Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)
Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12)
m m m m m mm mm mm mm mm mm mm 173,230,357. NONE NONE
309,671,160.
13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) m m m m m m m m m m m m m m m 55,935,500. 72,712,763.
14 Benefits paid to or for members (Part IX, column (A), line 4) mmmmmmmmmmmmmmmmm NONE NONE
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) mmmmmmm 11,006. 12,064.
m m m m m m m m NONE mmmmmmmmm
Expenses

16 a Professional fundraising fees (Part IX, column (A), line 11e) NONE NONE

17
b Total fundraising expenses (Part IX, column (D), line 25)
Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e)
I mmmmmmmmmmmmmmmm 93,013. 214,306.
18
19 Revenue less expenses. Subtract line 18 from line 12
m m m m m m m m
m m m m m m m m m m m m m m m m m m m m 117,190,838.
Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) m m 56,039,519. 72,939,133.
236,732,027.
Fund Balances
Net Assets or

Beginning of Current Year End of Year

20 Total assets (Part X, line 16) m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m 141,067,042. 351,661,665.

21
22
Total liabilities (Part X, line 26) m m m m m m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm 141,048,004.
Net assets or fund balances. Subtract line 21 from line 20
19,038. 30,866.
351,630,799.
Part II Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign M Signature of officer

02/03/2023
Date
Here
M JOSEPH FISHER
Type or print name and title
TREASURER

Print/Type preparer's name Preparer's signature Date Check if PTIN

Paid self-employed
Preparer
Firm's name I I Firm's EIN
Use Only
Firm's address I
May the IRS discuss this return with the preparer shown above? See instructions mmmmmmmmmmmmmmmmmmmm
Phone no.
Yes X No
For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2021)

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1E1010 2.000
Form 990 (2021) Page 2
Part III Statement of Program Service Accomplishments

1
Check if Schedule O contains a response or note to any line in this Part III
Briefly describe the organization's mission:
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SEE SCHEDULE O

2 Did the organization undertake any significant program services during the year which were not listed on the
prior Form 990 or 990-EZ? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
If "Yes," describe these new services on Schedule O.
Yes X No

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3 Did the organization cease conducting, or make significant changes in how it conducts, any program
services? Yes X No
If "Yes," describe these changes on Schedule O.
4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by
expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others,
the total expenses, and revenue, if any, for each program service reported.

4a (Code: ) (Expenses $ 72,939,133. including grants of $ 72,712,763. ) (Revenue $ )

PURSUE PRO-CONSERVATION AND SOCIAL WELFARE ADVOCACY POLICIES.

4b (Code: ) (Expenses $ including grants of $ ) (Revenue $ )

4c (Code: ) (Expenses $ including grants of $ ) (Revenue $ )

4d Other program services (Describe on Schedule O.)

(Expenses $ including grants of $ ) (Revenue $ )
4e Total program service expenses
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I 72,939,133.
Form 990 (2021)
1E1020 1.000
Form 990 (2021) Page 3
Part IV Checklist of Required Schedules
Yes No

1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes,"
complete Schedule A mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 1 X
2 mmmmmmmmm
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions 2 X
3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to
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candidates for public office? If "Yes," complete Schedule C, Part I 3 X
4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h)
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election in effect during the tax year? If "Yes," complete Schedule C, Part II 4

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5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues,
assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III 5 X
6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors
have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If
"Yes," complete Schedule D, Part I mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 6 X
7 Did the organization receive or hold a conservation easement, including easements to preserve open space,
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the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II 7 X
8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 8 X
9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, serve as a
custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or
debt negotiation services? If "Yes," complete Schedule D, Part IV mmmmmmmmmmmmmmmmmmmmmmmmmm 9 X
10 Did the organization, directly or through a related organization, hold assets in donor-restricted endowments
or in quasi endowments? If "Yes," complete Schedule D, Part V mmmmmmmmmmmmmmmmmmmmmmmmmmm 10 X
11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI,
VII, VIII, IX, or X, as applicable.
a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes,"
complete Schedule D, Part VI mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 11a X
b Did the organization report an amount for investments-other securities in Part X, line 12, that is 5% or more
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of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII 11b X
c Did the organization report an amount for investments-program related in Part X, line 13, that is 5% or more
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of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII 11c X
d Did the organization report an amount for other assets in Part X, line 15, that is 5% or more of its total assets
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reported in Part X, line 16? If "Yes," complete Schedule D, Part IX 11d X
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e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X 11e X
f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses
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the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X 11f X
12 a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 12a X
b Was the organization included in consolidated, independent audited financial statements for the tax year? If
"Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional 12b X
13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E mmmmmmmmmm 13 X
14 a Did the organization maintain an office, employees, or agents outside of the United States? mmmmmmmmmmmm 14a X
b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking,
fundraising, business, investment, and program service activities outside the United States, or aggregate
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foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV 14b X
15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or
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for any foreign organization? If "Yes," complete Schedule F, Parts II and IV 15 X
16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other
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assistance to or for foreign individuals? If "Yes," complete Schedule F, Parts III and IV 16 X
17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on
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Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions 17 X
18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on
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Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II 18 X
19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a?
If "Yes," complete Schedule G, Part III mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 19 X
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20 a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H 20a X
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b If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? 20b
21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or

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domestic government on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts I and II 21 X
1E1021 1.000 Form 990 (2021)
Form 990 (2021) Page 4
Part IV Checklist of Required Schedules (continued)
Yes No

22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on
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Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and III 22 X
23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the
organization's current and former officers, directors, trustees, key employees, and highest compensated
employees? If "Yes," complete Schedule J mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 23 X
24 a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than
$100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes," answer lines 24b
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through 24d and complete Schedule K. If "No," go to line 25a 24a X
b mmmmmmm
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b
c Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 24c
d mmmmmmm
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? 24d
25 a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit
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transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I 25a X
b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior
year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?
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If "Yes," complete Schedule L, Part I 25b X
26 Did the organization report any amount on Part X, line 5 or 22, for receivables from or payables to any current
or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35%
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controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II 26 X
27 Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key
employee, creator or founder, substantial contributor or employee thereof, a grant selection committee
member, or to a 35% controlled entity (including an employee thereof) or family member of any of these
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persons? If "Yes," complete Schedule L, Part III 27 X
28 Was the organization a party to a business transaction with one of the following parties (see the Schedule L,
Part IV instructions, for applicable filing thresholds, conditions, and exceptions):
a A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If
"Yes," complete Schedule L, Part IV mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 28a X
b mmmmmmmmmmm
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV 28b X
c A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If
"Yes," complete Schedule L, Part IV mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 28c X
29 mmmm
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M 29 X
30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified
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conservation contributions? If "Yes," complete Schedule M 30 X
31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I 31 X
32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes,"
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complete Schedule N, Part II 32 X
33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations
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sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I 33 X
34 Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III,
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or IV, and Part V, line 1 34 X
35 a mmmmmmmmmmmmmm
Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a X
b If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a
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controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 35b
36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable
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related organization? If "Yes," complete Schedule R, Part V, line 2 36
37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization
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and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI 37 X
38
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Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and
19? Note: All Form 990 filers are required to complete Schedule O 38 X
Part V Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V m m m m m m m m m m m m m m m m m m m m m
Yes No

1 a Enter the number reported in box 3 of Form 1096. Enter -0- if not applicablemmmmmmmmm
1a NONE
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b Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable 1b NONE
c Did the organization comply with backup withholding rules for reportable payments to vendors and

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m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m 990
reportable gaming (gambling) winnings to prize winners? X1c
Form (2021)
1E1030 1.000
Form 990 (2021) Page 5
Part V Statements Regarding Other IRS Filings and Tax Compliance (continued) Yes No

mm
2 a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax
Statements, filed for the calendar year ending with or within the year covered by this return 2a 25
b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b X
Note: If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. See instructions.
3 a Did the organization have unrelated business gross income of $1,000 or more during the year? mmmmmmmmmmm 3a X
b If "Yes," has it filed a Form 990-T for this year? If "No" to line 3b, provide an explanation on Schedule O mmmmmmm 3b

mm
4 a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over,
a financial account in a foreign country (such as a bank account, securities account, or other financial account)? 4a X
b If "Yes," enter the name of the foreign country I
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See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5 a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? 5a X
5b X
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b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
c If "Yes" to line 5a or 5b, did the organization file Form 8886-T? 5c

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6 a Does the organization have annual gross receipts that are normally greater than $100,000, and did the
organization solicit any contributions that were not tax deductible as charitable contributions? 6a X

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b If "Yes," did the organization include with every solicitation an express statement that such contributions or
gifts were not tax deductible? 6b
7 Organizations that may receive deductible contributions under section 170(c).
a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods
and services provided to the payor? m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm 7a
7b
X
b If "Yes," did the organization notify the donor of the value of the goods or services provided?

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c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was
7c X
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required to file Form 8282?
d If "Yes," indicate the number of Forms 8282 filed during the year 7d
7e X
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e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 7f X
7g
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g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?
h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? 7h

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8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the
sponsoring organization have excess business holdings at any time during the year? 8 X

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9 Sponsoring organizations maintaining donor advised funds.
9a X
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a Did the sponsoring organization make any taxable distributions under section 4966?
b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? 9b X

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10 Section 501(c)(7) organizations. Enter:
10a
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a Initiation fees and capital contributions included on Part VIII, line 12
b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 10b

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11 Section 501(c)(12) organizations. Enter:
a Gross income from members or shareholders 11a

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b Gross income from other sources. (Do not net amounts due or paid to other sources
against amounts due or received from them.) 11b
12 a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? 12a
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b If "Yes," enter the amount of tax-exempt interest received or accrued during the year 12b
13 Section 501(c)(29) qualified nonprofit health insurance issuers.
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a Is the organization licensed to issue qualified health plans in more than one state? 13a
Note: See the instructions for additional information the organization must report on Schedule O.

the organization is licensed to issue qualified health plans mmmmmmmmmmmmmmmmmmmm

b Enter the amount of reserves the organization is required to maintain by the states in which
13b
c Enter the amount of reserves on hand m m m m m m m m m m m m m m m m m m m m m m m m m m m m m mm mm m m m m m m m m m m m
13c
14a X
14 a Did the organization receive any payments for indoor tanning services during the tax year?
b If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation on Schedule O mmmmmm 14b

excess parachute payment(s) during the year? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

15 Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
15
If "Yes," see the instructions and file Form 4720, Schedule N.
16 Is the organization an educational institution subject to the section 4968 excise tax on net investment income? 16
If "Yes," complete Form 4720, Schedule O.
17
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Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any
activities that would result in the imposition of an excise tax under section 4951, 4952 or 4953? 17
If "Yes," complete Form 6069.
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1E1040 1.000
Form 990 (2021)
Form 990 (2021) Page 6
Part VI Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No"
response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes on Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI mmmmmmmmmmmmmmmmmmmmmmmm X
Section A. Governing Body and Management
Yes No

1a Enter the number of voting members of the governing body at the end of the tax year
If there are material differences in voting rights among members of the governing body, or
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if the governing body delegated broad authority to an executive committee or similar

committee, explain on Schedule O.
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b Enter the number of voting members included on line 1a, above, who are independent 1b 3

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2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with
any other officer, director, trustee, or key employee? 2 X

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3 Did the organization delegate control over management duties customarily performed by or under the direct
3 X
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supervision of officers, directors, trustees, or key employees to a management company or other person?
4 X
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4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
5 X
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5 Did the organization become aware during the year of a significant diversion of the organization's assets?
6 Did the organization have members or stockholders? 6 X

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7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint
one or more members of the governing body? 7a X

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b Are any governance decisions of the organization reserved to (or subject to approval by) members,
stockholders, or persons other than the governing body? 7b X
8 Did the organization contemporaneously document the meetings held or written actions undertaken during
the year by the following:
a The governing body? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 8a X
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b Each committee with authority to act on behalf of the governing body? 8b X
9
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Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at
the organization's mailing address? If "Yes," provide the names and addresses on Schedule O 9 X
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes No

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10 a Did the organization have local chapters, branches, or affiliates? 10a X

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b If "Yes," did the organization have written policies and procedures governing the activities of such chapters,
10b
m
affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
11 a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? 11a X

mmmmmmmmmmmmmmmm
b Describe on Schedule O the process, if any, used by the organization to review this Form 990.
12 a Did the organization have a written conflict of interest policy? If "No," go to line 13 12a X

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give
rise to conflicts? 12b X

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
c Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes,"
12c X
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
describe on Schedule O how this was done
13 X
mmmmmmmmmmmmmmmmmm
13 Did the organization have a written whistleblower policy?
14 Did the organization have a written document retention and destruction policy? 14 X
15 Did the process for determining compensation of the following persons include a review and approval by

mmmmmmmmmmmmmmmmmmmmmm
independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
15a X
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
a The organization's CEO, Executive Director, or top management official
b Other officers or key employees of the organization 15b X
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
16 a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement
with a taxable entity during the year? 16a X
b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its

mmmmmmmmmmmmmmmmmmmmmmmmm
participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the
organization's exempt status with respect to such arrangements? 16b
Section C. Disclosure
17
18
I
List the states with which a copy of this Form 990 is required to be filed
Section 6104 requires an organization to make its Forms 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)
(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
Own website Another's website X Upon request Other (explain on Schedule O)
19 Describe on Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy,
and financial statements available to the public during the tax year.
20 State the name, address, and telephone number of the person who possesses the organization's books and records
MOLLY MCUSIC P.O. BOX 53241 WASHINGTON, DC 20009-9997
I
610-918-4984 Form 990 (2021)
JSA
1E1042 1.000
Form 990 (2021) Page 7
Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and
Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII mmmmmmmmmmmmmmmmmmmmmmmmmmmm
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the
organization's tax year.
%
List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of
compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.
%
List all of the organization's current key employees, if any. See the instructions for definition of "key employee."
%
List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee)
who received reportable compensation (box 5 of Form W-2, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than
$100,000 from the organization and any related organizations.s
%
List all of the organization's former officers, key employees, and highest compensated employees who received more than
$100,000 of reportable compensation from the organization and any related organizations.
%
List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.
See the instructions for the order in which to list the persons above.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(C)
(A) (B) Position (D) (E) (F)
Name and title Average (do not check more than one Reportable Reportable Estimated amount
hours box, unless person is both an compensation compensation of other
per week officer and a director/trustee) from the from related compensation
(list any organization (W-2/ organizations (W-2/ from the
or director
Individual trustee

Institutional trustee

Officer

Key employee

employee
Highest compensated

Former
hours for 1099-MISC/ 1099-MISC/ organization and
related 1099-NEC) 1099-NEC) related organizations
organizations
below
dotted line)

(1) MOLLY MCUSIC 1.00

DIRECTOR & PRESIDENT 39.00 X X NONE NONE NONE
(2) ROBERT BLAND 1.00
DIRECTOR NONE X NONE NONE NONE
(3) JOHN LESHY 1.00
DIRECTOR NONE X NONE NONE NONE
(4) COURTNEY CUFF 1.00
DIRECTOR NONE X NONE NONE NONE
(5) JOSEPH FISHER 1.00
TREASURER & SECRETARY NONE X NONE NONE NONE
(6) ANDREW STEVENSON 1.00
VICE PRESIDENT NONE X NONE NONE NONE
(7)

(8)

(9)

(10)

(11)

(12)

(13)

(14)

Form 990 (2021)

JSA
1E1041 1.000
Form 990 (2021) Page 8
Part VII Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A) (B) (C) (D) (E) (F)
Name and title Average Position Reportable Reportable Estimated
hours per (do not check more than one compensation compensation from amount of
week (list any box, unless person is both an from related other
hours for officer and a director/trustee) the organizations compensation

or director
Individual trustee

Institutional trustee

Officer

Key employee

employee
Highest compensated

Former
related organization (W-2/1099-MISC) from the
organizations (W-2/1099-MISC) organization
below dotted and related
line) organizations

1b Sub-total m m m m m m m m m m m m m m m m m m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm I
NONE NONE NONE

m m m m m m m m m m m m m m m m m m m m m m m m m m m m II
c Total from continuation sheets to Part VII, Section A NONE NONE NONE
d Total (add lines 1b and 1c) NONE NONE NONE
2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of
reportable compensation from the organization I NONE
Yes No
3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated
employee on line 1a? If "Yes," complete Schedule J for such individual mmmmmmmmmmmmmmmmmmmmmmmmmm 3 X
4 For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the

individual mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such
4 X
5
mmmmmmmmmmmmmmmm
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual
for services rendered to the organization? If “Yes,” complete Schedule J for such person
Section B. Independent Contractors
5 X

1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of
compensation from the organization. Report compensation for the calendar year ending with or within the organization's tax
year.
(A) (B) (C)
Name and business address Description of services Compensation

2 Total number of independent contractors (including but not limited to those listed above) who received

JSA
more than $100,000 in compensation from the organization NONE I Form 990 (2021)
1E1055 2.000
Form 990 (2021) Page 9
Part VIII Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII
(A)
mmmmmmmmmmmmmmmmmmmmmmmm
(B) (C) (D)
Total revenue Related or exempt Unrelated Revenue excluded
function revenue business revenue from tax under
sections 512-514
mmmmmmmm
Contributions, Gifts, Grants
and Other Similar Amounts

mmmmmmmmmm
1a Federated campaigns 1a

mmmmmmmmm
b Membership dues 1b

mmmmmmmm
c Fundraising events 1c

mm
d Related organizations 1d
e Government grants (contributions) 1e
f
m
All other contributions, gifts, grants,
and similar amounts not included above 1f 278,951,042.

mmmmmmmmmmmmm
g Noncash contributions included in

mmmmmmmmmmmmmmmmmmI
lines 1a-1f 1g $ 278,920,776.
h Total. Add lines 1a-1f 278,951,042.
Business Code
Program Service

2a
Revenue

b
c
d

m m m m m m mm mm mm mm mm m m m m m m m I
e
f All other program service revenue
g Total. Add lines 2a-2f NONE

mmmmmmmmmmmmmmmmmmI
3 Investment income (including dividends, interest, and
664,165. 664,165.

m m m m m m m m m m m m m m m m m m m m m m m mm II
other similar amounts)
4 Income from investment of tax-exempt bond proceeds NONE
5 Royalties NONE
(i) Real (ii) Personal

6a Gross rents mmmmm 6a

b Less: rental expenses 6b

mmmmmmmmmmmmmmmmI
c Rental income or (loss) 6c NONE NONE

d Net rental income or (loss) NONE

7a Gross amount from (i) Securities (ii) Other
sales of assets
other than inventory 7a 78,196,432.

mm
Other Revenue

b Less: cost or other basis

mmmm
and sales expenses 7b 48,140,479.

mmmmmmmmmmmmmmmmmmmmI
c Gain or (loss) 7c 30,055,953.
d Net gain or (loss) 30,055,953.

8a Gross income from fundraising

events (not including $

mmmmmmmm
of contributions reported on line
8a NONE

mmmmmmmmm
1c). See Part IV, line 18

mmmmmmI
b Less: direct expenses 8b NONE
c Net income or (loss) from fundraising events NONE

9a Gross income from

activities. See Part IV, line 19 mmmmmgaming
9a NONE

Less: direct expenses mmmmmmmmm mmmmmmm

9b NONE

I
b
c Net income or (loss) from gaming activities NONE

10a Gross sales of

returns and allowances mmmmmmmm
inventory, less
10a NONE

Less: cost of goods sold mmmmmmmm mmmmmmmm

10b NONE

I
b
c Net income or (loss) from sales of inventory NONE
Business Code
Miscellaneous
Revenue

11a
b
c
mmmmmmmmmmmmm
d All other revenue
mmmmmmmmmmmmmmmmI
mmmmmmmmmmmmmI
e Total. Add lines 11a-11d NONE
12 Total revenue. See instructions 309,671,160. 664,165. NONE
JSA Form 990 (2021)
1E1051 1.000
Form 990 (2021) Page 10
Part IX Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).
Check if Schedule O contains a response or note to any line in this Part IX
(A) (B)
mmmmmmmmmmmmmmmmmmmmmmmmm
(C) (D)
Do not include amounts reported on lines 6b, 7b,
Total expenses Program service Management and Fundraising
8b, 9b, and 10b of Part VIII. expenses general expenses expenses

and domestic governments. See Part IV, line 21 mmmm

1 Grants and other assistance to domestic organizations
72,712,763. 72,712,763.

mmmmmmmmm
2 Grants and other assistance to domestic
individuals. See Part IV, line 22 NONE
3 Grants and other assistance to foreign
organizations, foreign governments, and
foreign individuals. See Part IV, lines 15 and 16 NONE
4 Benefits paid to or for members mmmmmmmmm NONE

mmmmmmmmmm
5 Compensation of current officers, directors,
trustees, and key employees 12,064. 12,064.
6 Compensation not included above to disqualified

mmmmmm
persons (as defined under section 4958(f)(1)) and
persons described in section 4958(c)(3)(B) NONE
7 Other salaries and wages mmmmmmmmmmmm NONE
NONE
8 Pension plan accruals and contributions (include
section 401(k) and 403(b) employer contributions)
mmmmmmmmmmmm NONE
mmmmmmmmmmmmmmmmmm
9 Other employee benefits
10 Payroll taxes NONE
11 Fees for services (nonemployees):

m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm
a Management NONE
b Legal 38,580. 38,580.
c Accounting mmmmmmmmmmmmmmmmmm NONE
d Lobbying mmmmmmmmmmmmmmmmmmm NONE
e Professional fundraising services. See Part IV, line 17 m NONE
f Investment management fees
g Other.
mmmmmmmmm NONE

mmmmm
(If line 11g amount exceeds 10% of line 25, column
NONE

m m m m m m m m m m m mm mm mm mm mm
m m m m m m
(A), amount, list line 11g expenses on Schedule O.)
12 Advertising and promotion NONE
NONE
mmmmmmmmmmmmm
13 Office expenses
14 Information technology NONE
15 Royalties mmmmmmmmmmmmmmmmmmmm NONE
16 Occupancy mmmmmmmmmmmmmmmmmm NONE
17
18
Travel mmmmmmmmmmmmmmmmmmmmm
Payments of travel or entertainment expenses
NONE

for any federal, state, or local public officials NONE

19 mmmm
Conferences, conventions, and meetings NONE
Interest mmmmmmmmmmmmmmmmmmmm NONE
mmmmmmmmmmmmmm
20
21 Payments to affiliates NONE
22 mmmm
Depreciation, depletion, and amortization NONE
23
24
Insurance
Other
mmmmmmmmmmmmmmmmmmm
expenses. Itemize expenses not covered
28,942. 28,942.

above. (List miscellaneous expenses on line 24e. If

line 24e amount exceeds 10% of line 25, column
(A), amount, list line 24e expenses on Schedule O.)

a OTHER EXPENSES 111,784. 111,784.

b CONSULTING EXPENSE 35,000. 35,000.
c
d
e All other expenses
25 Total functional expenses. Add lines 1 through 24e 72,939,133. 72,939,133. NONE NONE
26 Joint costs. Complete this line only if the
organization reported in column (B) joint costs
from a combined educational campaign and

m Im m m m m m
fundraising solicitation. Check here if
following SOP 98-2 (ASC 958-720)

JSA Form 990 (2021)

1E1052 1.000
Form 990 (2021) Page 11
Part X Balance Sheet
Check if Schedule O contains a response or note to any line in this Part X mmmmmmmmmmmmmmmmmmmm
(A) (B)
Beginning of year End of year
Cash - non-interest-bearing mmmmmmmmmmmmmmmmmmmmmmmmmmm 132,734. 1 92,080.
mmmmmmmmmmmmmmmmmmmm
1
Savings and temporary cash investments NONE 2 NONE
mmmmmmmmmmmmmmmmmmmmmmm
2
Pledges and grants receivable, net NONE 3 NONE
mmmmmmmmmmmmmmmmmmmmmmmmmmmm
3
4 Accounts receivable, net NONE 4 NONE
5 Loans and other receivables from any current or former officer, director,

mmmmmmmmmm
trustee, key employee, creator or founder, substantial contributor, or 35%
controlled entity or family member of any of these persons NONE 5 NONE
6 Loans and other receivables from other disqualified persons (as defined

m m m m m m m m m m m m m m m m m m m m m m m mm mm
under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) NONE 6 NONE
Assets

7 Notes and loans receivable, net NONE 7 NONE

8 Inventories for sale or use m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm NONE 8 NONE
9 Prepaid expenses and deferred charges NONE 9 NONE
10 a Land, buildings, and equipment: cost or other
mmmmmm 10a
mmmmmmmmmm
basis. Complete Part VI of Schedule D
b Less: accumulated depreciation 10b NONE 10c
11 Investments - publicly traded securities mmmmmmmmmmmmmmmmmmmmm
SEE SCHEDULE O NONE 11 286,660,299.
12 Investments - other securities. See Part IV, line 11 mmmmmmmmmmmmmmm 140,934,308. 12 64,409,286.

m m m m m m m m m m m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm
13 Investments - program-related. See Part IV, line 11 NONE 13 NONE
14 Intangible assets NONE 14 NONE
15 Other assets. See Part IV, line 11 mmmmmmmmmmmmmmmmmmmmmmmm NONE 15 500,000.
16 Total assets. Add lines 1 through 15 (must equal line 33) mmmmmmmmmm 141,067,042. 16 351,661,665.
17 Accounts payable and accrued expenses mmmmmmmmmmmmmmmmmmmm 19,038. 17 30,866.
18 Grants payable mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm NONE 18 NONE
19 Deferred revenue mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm NONE 19 NONE
20
21
Tax-exempt bond liabilities m m m m m m m m m m m m m m m m m m m m m m m mm mm mm mm
Escrow or custodial account liability. Complete Part IV of Schedule D
NONE 20
NONE 21
NONE
NONE
22 Loans and other payables to any current or former officer, director,
Liabilities

mmmmmmmmmm
trustee, key employee, creator or founder, substantial contributor, or 35%

mmmmmmm
controlled entity or family member of any of these persons NONE 22 NONE
23 Secured mortgages and notes payable to unrelated third parties NONE 23 NONE
24 Unsecured notes and loans payable to unrelated third parties mmmmmmmmm NONE 24 NONE
25 Other liabilities (including federal income tax, payables to related third

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
parties, and other liabilities not included on lines 17-24). Complete Part X

mmmmmmmmmmmmmmmmmmmm
of Schedule D NONE 25 NONE
26 Total liabilities. Add lines 17 through 25 19,038. 26 30,866.
Organizations that follow FASB ASC 958, check hereI
Net Assets or Fund Balances

and complete lines 27, 28, 32, and 33.

27 mmmmmmmmmmmmmmmmmmmmmm
Net assets without donor restrictions
mmmmmmmmmmmmmmmmmmmmmmmm
27
28 Net assets with donor restrictions 28
Organizations that do not follow FASB ASC 958, check here
and complete lines 29 through 33.
I X
29 mmmmmmmmmmmmmmmm
Capital stock or trust principal, or current funds
mmmmmmmm
141,048,004. 29 351,630,799.
30 Paid-in or capital surplus, or land, building, or equipment fund

m m m m m m m m m m m m m m m m m m m m mm mm mm mm
NONE 30 NONE
31 Retained earnings, endowment, accumulated income, or other funds NONE 31 NONE
32 Total net assets or fund balances
mmmmmmmmmmmmmmmmmm
141,048,004. 32 351,630,799.
33 Total liabilities and net assets/fund balances 141,067,042. 33 351,661,665.
Form 990 (2021)

JSA

1E1053 1.000
Form 990 (2021) Page 12
Part XI Reconciliation of Net Assets
mmmmmmmmmmmmmmmmmmmmmmmmm
Check if Schedule O contains a response or note to any line in this Part XI
mmmmmmmmmmmmmmmmmmmmmmm 1 309,671,160.
mmmmmmmmmmmmmmmmmmmmmmm
1 Total revenue (must equal Part VIII, column (A), line 12)
2 72,939,133.
mmmmmmmmmmmmmmmmmmmmmmmmmm
2 Total expenses (must equal Part IX, column (A), line 25)
3 236,732,027.
mmmmm
3 Revenue less expenses. Subtract line 2 from line 1
4 141,048,004.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmm
4 Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A))
5 -26,149,232.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
5 Net unrealized gains (losses) on investments
6
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
6 Donated services and use of facilities
7
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
7 Investment expenses
8
mmmmmmmmmmmmmmmm
8 Prior period adjustments
9 Other changes in net assets or fund balances (explain on Schedule O) 9

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line
32, column (B)) 10 351,630,799.
Part XII Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII m m m m m m m m m m m m m m m m m m m m
Yes No
1 Accounting method used to prepare the Form 990: X Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2 a Were the organization's financial statements compiled or reviewed by an independent accountant? mmmmmmm 2a X
If "Yes," check a box below to indicate whether the financial statements for the year were compiled or
reviewed on a separate basis, consolidated basis, or both:
Separate basis Consolidated basis Both consolidated and separate basis
b Were the organization's financial statements audited by an independent accountant? mmmmmmmmmmmmmm 2b X
If "Yes," check a box below to indicate whether the financial statements for the year were audited on a
separate basis, consolidated basis, or both:
Separate basis Consolidated basis Both consolidated and separate basis

mmmm
c If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of
the audit, review, or compilation of its financial statements and selection of an independent accountant? 2c
If the organization changed either its oversight process or selection process during the tax year, explain on
Schedule O.

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
3 a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the
Single Audit Act and OMB Circular A-133? 3a X
mmm
b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the
required audit or audits, explain why on Schedule O and describe any steps taken to undergo such audits 3b
Form 990 (2021)

JSA

1E1054 1.000
 OMB No. 1545-0047
Schedule B Schedule of Contributors
(Form 990)
Department of the Treasury
Internal Revenue Service I IAttach to Form 990 or Form 990-PF.
Go to www.irs.gov/Form990 for the latest information.
À¾¶µ
Name of the organization Employer identification number

BERGER ACTION FUND INC. 20-8948868

Organization type (check one):

Filers of: Section:

Form 990 or 990-EZ X 501(c)( 4 ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF 501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.

Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See
instructions.

General Rule

X For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000
or more (in money or property) from any one contributor. Complete Parts I and II. See instructions for determining a
contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33 1/3% support test of the
regulations under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990), Part II, line 13, 16a, or
16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000; or
(2) 2% of the amount on (i) Form 990, Part VIII, line 1h; or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one
contributor, during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific,
literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I (entering
"N/A" in column (b) instead of the contributor name and address), II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one
contributor, during the year, contributions exclusively for religious, charitable, etc., purposes, but no such
contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received
during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the
General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions
totaling $5,000 or more during the year mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm I $

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990), but it
must answer "No" on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ or on its Form 990-PF, Part I, line
2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990).

For Paperwork Reduction Act Notice, see the instructions for Form 990, 990-EZ, or 990-PF. Schedule B (Form 990) (2021)
JSA
1E1251 2.000
Schedule B (Form 990) (2021) Page 2
Name of organization Employer identification number
BERGER ACTION FUND INC. 20-8948868
Part I Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.

(a) (b) (c) (d)

No. Name, address, and ZIP + 4 Total contributions Type of contribution

1 NA Person
Payroll
NA $ 278,920,776. Noncash X
(Complete Part II for
NA, DC 00000 noncash contributions.)

(a) (b) (c) (d)

No. Name, address, and ZIP + 4 Total contributions Type of contribution

2 N A Person X
Payroll
NA $ 30,266. Noncash
(Complete Part II for
NA, DC 00000 noncash contributions.)

(a) (b) (c) (d)

No. Name, address, and ZIP + 4 Total contributions Type of contribution

Person
Payroll
$ Noncash
(Complete Part II for
noncash contributions.)

(a) (b) (c) (d)

No. Name, address, and ZIP + 4 Total contributions Type of contribution

Person
Payroll
$ Noncash
(Complete Part II for
noncash contributions.)

(a) (b) (c) (d)

No. Name, address, and ZIP + 4 Total contributions Type of contribution

Person
Payroll
$ Noncash
(Complete Part II for
noncash contributions.)

(a) (b) (c) (d)

No. Name, address, and ZIP + 4 Total contributions Type of contribution

Person
Payroll
$ Noncash
(Complete Part II for
noncash contributions.)

JSA Schedule B (Form 990) (2021)

1E1253 2.000
Schedule B (Form 990) (2021) Page 3
Name of organization Employer identification number
BERGER ACTION FUND INC. 20-8948868
Part II Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.

(a) No. (c)

(b) (d)
from FMV (or estimate)
Description of noncash property given Date received
Part I (See instructions.)

(a) No. (c)

(b) (d)
from FMV (or estimate)
Description of noncash property given Date received
Part I (See instructions.)

(a) No. (c)

(b) (d)
from FMV (or estimate)
Description of noncash property given Date received
Part I (See instructions.)

(a) No. (c)

(b) (d)
from FMV (or estimate)
Description of noncash property given Date received
Part I (See instructions.)

(a) No. (c)

(b) (d)
from FMV (or estimate)
Description of noncash property given Date received
Part I (See instructions.)

(a) No. (c)

(b) (d)
from FMV (or estimate)
Description of noncash property given Date received
Part I (See instructions.)

JSA Schedule B (Form 990) (2021)

1E1254 2.000
Schedule B (Form 990) (2021) Page 4
Name of organization Employer identification number
BERGER ACTION FUND INC. 20-8948868
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or
(10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and
the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $
Use duplicate copies of Part III if additional space is needed.
I
(a) No.
from (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
Part I

(e) Transfer of gift

Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

(a) No.
from (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
Part I

(e) Transfer of gift

Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

(a) No.
from (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
Part I

(e) Transfer of gift

Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

(a) No.
from (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
Part I

(e) Transfer of gift

Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

JSA Schedule B (Form 990) (2021)

1E1255 2.000
SCHEDULE D OMB No. 1545-0047
Supplemental Financial Statements
(Form 990)
I Complete if the organization answered "Yes" on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. À¾¶µ
Department of the Treasury
Internal Revenue Service I I
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
Open to Public
Inspection
Name of the organization Employer identification number

BERGER ACTION FUND INC. 20-8948868

Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts.
Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year mmmmmmmmmmm
2 Aggregate value of contributions to (during year)
3 mm
Aggregate value of grants from (during year)
4 Aggregate value at end of year mmmmmmmmmm
5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? mmmmmmmmmmm Yes No
6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used
only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose
conferring impermissible private benefit? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm Yes No
Part II Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1 Purpose(s) of conservation easements held by the organization (check all that apply).
Preservation of land for public use (for example, recreation or education) Preservation of a historically important land area
Protection of natural habitat Preservation of a certified historic structure
Preservation of open space
2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation
easement on the last day of the tax year. Held at the End of the Tax Year
a Total number of conservation easements mmmmmmmmmmmmmmmmmmmmmmmmmmm 2a
b Total acreage restricted by conservation easements mmmmmmmmmmmmmmmmmmmmm 2b
c mmmmm
Number of conservation easements on a certified historic structure included in (a) 2c
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a
historic structure listed in the National Registermmmmmmmmmmmmmmmmmmmmmmmm 2d
3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year I
4
5
Number of states where property subject to conservation easement is located I
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of
violations, and enforcement of the conservation easements it holds? mmmmmmmmmmmmmmmmmmmmmm Yes No
6 Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year

7
I
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year

8
I $
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i)

9
and section 170(h)(4)(B)(ii)? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement and
Yes No

balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the
organization's accounting for conservation easements.
Part III Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works
of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public
service, provide in Part XIII the text of the footnote to its financial statements that describes these items.
b If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
provide the following amounts relating to these items:

m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m II
(i) Revenue included on Form 990, Part VIII, line 1 $
(ii) Assets included in Form 990, Part X $
2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the

m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm II
following amounts required to be reported under FASB ASC 958 relating to these items:
a Revenue included on Form 990, Part VIII, line 1 $
b Assets included in Form 990, Part X $
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule D (Form 990) 2021
JSA
1E1268 1.000
Schedule D (Form 990) 2021 Page 2
Part III Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3 Using the organization's acquisition, accession, and other records, check any of the following that make significant use of its
collection items (check all that apply):
a Public exhibition d Loan or exchange program
b Scholarly research e Other
c Preservation for future generations
4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part
XIII.
5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization's collection? Yes No mmmmmm
Part IV Escrow and Custodial Arrangements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form
990, Part X, line 21.
1 a Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
b If "Yes," explain the arrangement in Part XIII and complete the following table:
Yes No

Amount
c Beginning balance mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
1c
d Additions during the year
mmmmmmmmmmmmmmmmmmmmmmmmmmmmm
1d
e Distributions during the year
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
1e
f Ending balance 1f
2 a Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? Yes No
b If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided on Part XIII mmmmmmmmmm
Part V Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back

mmmm
mmmmmmmmmmm
1 a Beginning of year balance
b Contributions

mmmmmmmmmmmmm
c Net investment earnings, gains,

mmmmmm
and losses
d Grants or scholarships

mmmmmmmmmmm
e Other expenditures for facilities

mmmmm
and programs

mmmmmmmm
f Administrative expenses
g End of year balance
2 Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a Board designated or quasi-endowment I %
b Permanent endowment I %
c Term endowment I %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3 a Are there endowment funds not in the possession of the organization that are held and administered for the
organization by: Yes No
(i) Unrelated organizations mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 3a(i)
(ii) Related organizations m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm mm 3a(ii)
3b
b If "Yes" on line 3a(ii), are the related organizations listed as required on Schedule R?
4 Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (b) Cost or other basis (c) Accumulated (d) Book value

mmmmmmmmmmmmmmmmmmmmm
(investment) (other) depreciation
1 a Land
b Buildings mmmmmmmmmmmmmmmmmm
mmmmmmmmmm
c Leasehold improvements
d Equipment mmmmmmmmmmmmmmmmmm
e Other mmmmmmmmmmmmmmmmmmmm
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10c.) m m m m m m mI Schedule D (Form 990) 2021

JSA
1E1269 1.000
Schedule D (Form 990) 2021 Page 3
Part VII Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category (b) Book value (c) Method of valuation:
(including name of security) Cost or end-of-year market value
mmmmmmmmmmmmmmmmm
(1) Financial derivatives
(2) Closely held equity interests mmmmmmmmmmmmm
(3) Other
(A) MORGAN STANLEY - GOVT SECURITI 64,409,286. FMV
(B)
(C)
(D)
(E)
(F)
(G)
(H)
64,409,286.
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.) mI
Part VIII Investments - Program Related.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 13.) mI
Part IX Other Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 15.) mmmmmmmmmmmmmmmmmmmmmmmmmm I
Part X Other Liabilities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11e or 11f. See Form 990, Part X,
line 25.
1. (a) Description of liability (b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 25.) mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm I
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the
organization's liability for uncertain tax positions under FASB ASC 740. Check here if the text of the footnote has been provided in Part XIII
JSA
m
1E1270 1.000 Schedule D (Form 990) 2021
Schedule D (Form 990) 2021 Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return.
Complete if the organization answered "Yes" on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements mmmmmmmmmmmmmmmmm 1
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments mmmmmmmmmmmmmmmmmm 2a
b Donated services and use of facilities mmmmmmmmmmmmmmmmmmmmmm 2b
c Recoveries of prior year grants mmmmmmmmmmmmmmmmmmmmmmmmmm 2c
d Other (Describe in Part XIII.) mmmmmmmmmmmmmmmmmmmmmmmmmmm 2d
e Add lines 2a through 2d mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 2e
3 Subtract line 2e from line 1 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 3
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b mmmmmmm 4a
b Other (Describe in Part XIII.) mmmmmmmmmmmmmmmmmmmmmmmmmmm 4b

5
c Add lines 4a and 4b m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm
Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.)
4c
5
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return.
Complete if the organization answered "Yes" on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements mmmmmmmmmmmmmmmmmmmmmmmm 1
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a mmmmmmmmmmmmmmmmmmmmmm
Donated services and use of facilities 2a
b mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Prior year adjustments 2b
c Other losses mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 2c
d mmmmmmmmmmmmmmmmmmmmmmmmmmm
Other (Describe in Part XIII.) 2d
e mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Add lines 2a through 2d 2e
3 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Subtract line 2e from line 1 3
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b mmmmmmm 4a
b mmmmmmmmmmmmmmmmmmmmmmmmmmm
Other (Describe in Part XIII.) 4b

5
c m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m mm mm mm mm mm mm mm mm mm mm mm mm mm mm
Add lines 4a and 4b
Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.)
4c
5
Part XIII Supplemental Information.
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part IV, lines 1b and 2b; Part V, line 4; Part X, line
2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Schedule D (Form 990) 2021

JSA
1E1271 1.000
SCHEDULE I Grants and Other Assistance to Organizations, OMB No. 1545-0047

(Form 990) Governments, and Individuals in the United States

Complete if the organization answered "Yes" on Form 990, Part IV, line 21 or 22.
À¾¶µ
I
Attach to Form 990. Open to Public
Department of the Treasury
Internal Revenue Service
Name of the organization
I Go to www.irs.gov/Form990 for the latest information. Inspection
Employer identification number

BERGER ACTION FUND INC. 20-8948868

Part I General Information on Grants and Assistance
1 Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm X Yes No
2 Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990,
Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name and address of organization (b) EIN (c) IRC section (d) Amount of cash (e) Amount of non- (f) Method of valuation (g) Description of (h) Purpose of grant
or government (if applicable) grant cash assistance (book, FMV, appraisal, noncash assistance or assistance
other)

(1) SEE ATTACHED SCHEDULE

PO BOX 53241 WASHINGTON, DC 20009 72,712,763. PRO-CONSERVATION AND
(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

mmmmmmmmmmmmmmmmmmmmmmmmmmmmm
m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m II
2 Enter total number of section 501(c)(3) and government organizations listed in the line 1 table
3 Enter total number of other organizations listed in the line 1 table
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule I (Form 990) 2021

JSA
1E1288 1.000
Schedule I (Form 990) (2021) Page 2
Part III Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of (c) Amount of (d) Amount of (e) Method of valuation (book, (f) Description of non-cash assistance
recipients cash grant non-cash assistance FMV, appraisal, other)

7
Part IV Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b); and any other additional
information.

Schedule I (Form 990) (2021)

JSA
1E1504 1.000
 OMB No. 1545-0047
SCHEDULE M Noncash Contributions
(Form 990)
II Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30. À¾¶µ
Attach to Form 990. Open to Public
I
Department of the Treasury
Internal Revenue Service Go to www.irs.gov/Form990 for instructions and the latest information. Inspection
Name of the organization Employer identification number

BERGER ACTION FUND INC. 20-8948868

Part I Types of Property
(a) (b) (c) (d)
Noncash contribution
Check if Number of contributions or Method of determining
amounts reported on
applicable items contributed noncash contribution amounts
Form 990, Part VIII, line 1g
1 mmmmmmmmmm
Art - Works of art
2 mmmmmm
Art - Historical treasures
3 mmmmmm
Art - Fractional interests
4 mmmmmm
Books and publications
5 Clothing and household
goods mmmmmmmmmmmmmmmm
6 mmmmmmm
Cars and other vehicles
7 mmmmmmmmmm
Boats and planes
8 mmmmmmmm
Intellectual property
9 mmmmm
Securities - Publicly traded
10 mmm
Securities - Closely held stock
11 Securities - Partnership, LLC,
mmmmmmmmmm
or trust interests
12 mmmmm
Securities - Miscellaneous
13 Qualified conservation
contribution - Historic
structures mmmmmmmmmmmmmm
14 Qualified conservation
contribution - Other mmmmmmmmm
15 Real estate - Residential mmmmmm
16 Real estate - Commercial mmmmmm
17 Real estate - Other mmmmmmmmm
18 Collectibles mmmmmmmmmmmmm
19 Food inventory mmmmmmmmmmm
20 Drugs and medical supplies mmmm
21
22
Taxidermy m m m m mm mm mm mm mm mm mm mm mm mm
Historical artifacts
23 Scientific specimens mmmmmmmm
24 Archeological artifacts mmmmmmm
25 Other ( I )
26 Other ( I )
27 Other ( I )
28 Other ( I )

mmmmmmmmmm
29 Number of Forms 8283 received by the organization during the tax year for contributions for
which the organization completed Form 8283, Part V, Donee Acknowledgement 29
Yes No
30 a During the year, did the organization receive by contribution any property reported in Part I, lines 1 through
28, that it must hold for at least three years from the date of the initial contribution, and which isn't required
to be used for exempt purposes for the entire holding period? mmmmmmmmmmmmmmmmmmmmmmmmmmmmm 30a X
b If "Yes," describe the arrangement in Part II.
31 Does the organization have a gift acceptance policy that requires the review of any nonstandard
contributions? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 31 X
32 a Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 32a X
b If "Yes," describe in Part II.
33 If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule M (Form 990) 2021

JSA

1E1298 1.000
 SCHEDULE O Supplemental Information to Form 990 or 990-EZ OMB No. 1545-0047

(Form 990 or 990-EZ) Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information. À¾¶µ
I
Attach to Form 990 or 990-EZ. Open to Public
Department of the Treasury
Internal Revenue Service
Name of the organization
I Information about Schedule O (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990. Inspection
Employer identification number

BERGER ACTION FUND INC. 20-8948868

CONFLICT OF INTEREST

EACH DIRECTOR IS REQUIRED TO COMPLETE THE ATTACHED "CONFLICT OF INTEREST

POLICY" ANNUALY.

REIMBURSEMENT AGREEMENT

THE BERGER ACTION FUND HAS ENTERED INTO A REIMBURSEMENT AGREEMENT WITH

ANOTHER ORGANIZATION, WHICH CHARGES THE BERGER ACTION FUND FOR ITS

PROPORTIONATE SHARE OF OFFICE SPACE, EMPLOYEE SERVICES AND ADMINISTRATIVE

EXPENSES AND FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS.

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule O (Form 990 or 990-EZ) (2021)
JSA
1E1227 2.000
 Schedule O (Form 990 or 990-EZ) 2021 Page 2
Name of the organization Employer identification number

BERGER ACTION FUND INC. 20-8948868

FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION

===================================================

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR SOCIAL

WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE
INTERNAL REVENUE CODE. PRIMARILY PRO-CONSERVATION POLICIES AND
SOCIAL WELFARE AT THE FEDERAL LEVEL THROUGH MEETINGS WITH POLICY
MAKERS AND OTHER CONSERVATION MINDED GROUPS.

JSA Schedule O (Form 990 or 990-EZ) 2021

1E1228 2.000
 Schedule O (Form 990 or 990-EZ) 2021 Page 2
Name of the organization Employer identification number

BERGER ACTION FUND INC. 20-8948868

FORM 990, PART X - INVESTMENTS - PUBLICLY TRADED SECURITIES
===========================================================

ENDING COST
DESCRIPTION BOOK VALUE OR FMV
----------- ---------- ------
MORGAN STANLEY - STOCKS OWNED 286,660,299.

--------------
TOTALS 286,660,299.
==============

JSA Schedule O (Form 990 or 990-EZ) 2021

1E1228 2.000
SCHEDULE D Capital Gains and Losses OMB No. 1545-0092
(Form 1041)
Department of the Treasury II IAttach to Form 1041, Form 5227, or Form 990-T.
Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9 and 10. À¾¶µ
Internal Revenue Service Go to www.irs.gov/F1041 for instructions and the latest information.
Name of estate or trust Employer identification number

BERGER ACTION FUND INC. 20-8948868

Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? Yes X No
If "Yes," attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss.
Note: Form 5227 filers need to complete only Parts I and II.
Part I Short-Term Capital Gains and Losses - Generally Assets Held One Year or Less (see instructions)
See instructions for how to figure the amounts to enter on (g) (h) Gain or (loss)
the lines below. (d) (e) Adjustments Subtract column (e)
Proceeds Cost to gain or loss from from column (d) and
This form may be easier to complete if you round off cents (sales price) (or other basis) Form(s) 8949, Part I, combine the result with
line 2, column (g) column (g)
to whole dollars.
1a Totals for all short-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).

m
However, if you choose to report all these transactions
on Form 8949, leave this line blank and go to line 1b

mmmmmmmmmmmmmmmmmmm
1b Totals for all transactions reported on Form(s) 8949
with Box A checked 78,196,432. 48,140,479. 30,055,953.
2
with Box B checked mmmmmmmmmmmmmmmmmmm
Totals for all transactions reported on Form(s) 8949

3
with Box C checked mmmmmmmmmmmmmmmmmmm
Totals for all transactions reported on Form(s) 8949

4 mmmmmmmmmmmmmmmmm
Short-term capital gain or (loss) from Forms 4684, 6252, 6781, and 8824 4

5 mmmmmmmmm
Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts 5

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
6 Short-term capital loss carryover. Enter the amount, if any, from line 9 of the 2020 Capital Loss
Carryover Worksheet 6 ( )

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmI
7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and on
line 17, column (3) on the back 30,055,953. 7
Part II Long-Term Capital Gains and Losses - Generally Assets Held More Than One Year (see instructions)
See instructions for how to figure the amounts to enter on (g) (h) Gain or (loss)
the lines below. (d) (e) Adjustments Subtract column (e)
Proceeds Cost to gain or loss from from column (d) and
This form may be easier to complete if you round off cents (sales price) (or other basis) Form(s) 8949, Part II, combine the result with
line 2, column (g) column (g)
to whole dollars.
8a Totals for all long-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).

m
However, if you choose to report all these transactions
on Form 8949, leave this line blank and go to line 8b

mmmmmmmmmmmmmmmmmmm
8b Totals for all transactions reported on Form(s) 8949
with Box D checked

mmmmmmmmmmmmmmmmmmm
9 Totals for all transactions reported on Form(s) 8949
with Box E checked

mmmmmmmmmmmmmmmmmmm
10 Totals for all transactions reported on Form(s) 8949
with Box F checked
mmmmmmmmmmmmmm
mmmmmmmmmm
11 Long-term capital gain or (loss) from Forms 2439, 4684, 6252, 6781, and 8824 11

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
12 Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts 12

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
13 Capital gain distributions 13
14 Gain from Form 4797, Part I 14
15 Long-term capital loss carryover. Enter the amount, if any, from line 14 of the 2020 Capital Loss
Carryover Worksheet mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 15 ( )
16
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmI
Net long-term capital gain or (loss). Combine lines 8a through 15 in column (h). Enter here and on
line 18a, column (3) on the back 16
For Paperwork Reduction Act Notice, see the Instructions for Form 1041. Schedule D (Form 1041) 2021

JSA

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Schedule D (Form 1041) 2021 Page 2

Part III Summary of Parts I and II (1) Beneficiaries' (2) Estate's

(3) Total
Caution: Read the instructions before completing this part. (see instr.) or trust's
17 Net short-term gain or (loss) mmmmmmmmmmmmmmmmmmmm 17 30,055,953.

mmmmmmmmmmmmmmmmmmmmmmmmmmmmm
18 Net long-term gain or (loss):
a Total for year 18a

m m m m m m m m m m m m m m m m m m m m m m m m m m m mm mm
b Unrecaptured section 1250 gain (see line 18 of the worksheet.) 18b

mmmmmmmm I
c 28% rate gain 18c
19 Total net gain or (loss). Combine lines 17 and 18a 19 30,055,953.
Note: If line 19, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Schedule A (Form 990-T), Part I, line 4a). If lines 18a and 19, column
(2), are net gains, go to Part V, and don't complete Part IV. If line 19, column (3), is a net loss, complete Part IV and the Capital Loss Carryover
Worksheet, as necessary.
Part IV Capital Loss Limitation
20
a The loss on line 19, column (3) or b $3,000 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Enter here and enter as a (loss) on Form 1041, line 4 (or Schedule A (Form 990-T), Part I, line 4c, if a trust), the smaller of:
20 ( )
Note: If the loss on line 19, column (3), is more than $3,000, or if Form 1041, page 1, line 23 (or Form 990-T, Part I, line 11), is a loss, complete the
Capital Loss Carryover Worksheet in the instructions to figure your capital loss carryover.
Part V Tax Computation Using Maximum Capital Gains Rates
Form 1041 filers. Complete this part only if both lines 18a and 19 in column (2) are gains, or an amount is entered in Part I or Part II and
there is an entry on Form 1041, line 2b(2), and Form 1041, line 23, is more than zero.
Caution: Skip this part and complete the Schedule D Tax Worksheet in the instructions if:
%% Either line 18b, col. (2), or line 18c, col. (2), is more than zero, or
Both Form 1041, line 2b(1), and Form 4952, line 4g, are more than zero, or
% There are amounts on lines 4e and 4g of Form 4952.
Form 990-T trusts. Complete this part only if both lines 18a and 19 are gains, or qualified dividends are included in income in Part I of Form
990-T, and Form 990-T, Part I, line 11, is more than zero. Skip this part and complete the Schedule D Tax Worksheet in the instructions if
either line 18b, col. (2) or line 18c, col. (2) is more than zero.
21 Enter taxable income from Form 1041, line 23 (or Form 990-T, Part I, line11) 21

mmmmmmmmmmmmmmmm
22 Enter the smaller of line 18a or 19 in column (2)
but not less than zero 22
23 Enter the estate's or trust's qualified dividends

mm
from Form 1041, line 2b(2) (or enter the qualified

mmmmmmmmmmmmmmmm
dividends included in income in Part I of Form 990-T) 23
24 Add lines 22 and 23 24

mmmI
25 If the estate or trust is filing Form 4952, enter the

mmmmmmmmmmmm
amount from line 4g; otherwise, enter -0- 25

mmmmmmmmmmmm
26 Subtract line 25 from line 24. If zero or less, enter -0- 26

mmmmmmmmmmmm
27 Subtract line 26 from line 21. If zero or less, enter -0- 27

mmmmmmmmmmmm
28 Enter the smaller of the amount on line 21 or $2,700 28

mmmmmmmmmmm
29 Enter the smaller of the amount on line 27 or line 28 29
30
mmmmmmmmmmmmmmmmmmmmm
Subtract line 29 from line 28. If zero or less, enter -0-. This amount is taxed at 0%
31
I 30

mmmmmmmmmmmmmmmmmmmmmmmmmm
31 Enter the smaller of line 21 or line 26
32
mmmmmmmmmmmmmmmmmmmm
32 Subtract line 30 from line 26
33
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
33 Enter the smaller of line 21 or $13,250
34
mmmmmmmmmmmm
34 Add lines 27 and 30
35
mmmmmmmmmmmmmmmmmmmmm
35 Subtract line 34 from line 33. If zero or less, enter -0-
36
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
36 Enter the smaller of line 32 or line 35
37 Multiply line 36 by 15% (0.15)
mmmmmmmmmmmmmmmmmmmmmmmmm 38
I 37

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
38 Enter the amount from line 31
39
mmmmmmmmmmmm
39 Add lines 30 and 36
40
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
40 Subtract line 39 from line 38. If zero or less, enter -0-
41 Multiply line 40 by 20% (0.20) I 41

mmmm
42 Figure the tax on the amount on line 27. Use the 2021 Tax Rate Schedule for Estates
42
mmmmmmmmmmmmmmmmmmmmmmmmmmmm
and Trusts (see the Schedule G instructions in the instructions for Form 1041)
43 Add lines 37, 41, and 42 43

mmmm
44 Figure the tax on the amount on line 21. Use the 2021 Tax Rate Schedule for Estates
and Trusts (see the Schedule G instructions in the instructions for Form 1041) 44

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
45 Tax on all taxable income. Enter the smaller of line 43 or line 44 here and on Form 1041, Schedule
G, Part I, line 1a (or Form 990-T, Part II, line 2) I 45
Schedule D (Form 1041) 2021

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 OMB No. 1545-0074

8949 Sales and Other Dispositions of Capital Assets

I À¾¶µ
Form
Go to www.irs.gov/Form8949 for instructions and the latest information.
Department of the Treasury
Internal Revenue Service
Name(s) shown on return
I File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D.
Attachment
Sequence No.
Social security number or taxpayer identification number
12A

Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute
statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your
broker and may even tell you which box to check.
Part I Short-Term. Transactions involving capital assets you held 1 year or less are generally short-term (see
instructions). For long-term transactions, see page 2.
Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was
reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on
Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions).
You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions,
complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page
for one or more of the boxes, complete as many forms with the same box checked as you need.
X (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above)
(B) Short-term transactions reported on Form(s) 1099-B showing basis w asn't reported to the IRS
(C) Short-term transactions not reported to you on Form 1099-B
Adjustment, if any, to gain or loss.
1 (e) If you enter an amount in column (g),
(h)
Cost or other basis. enter a code in column (f).
(a) (b) (c) (d) Gain or (loss).
See the Note below See the separate instructions.
Description of property Date acquired Date sold or Proceeds Subtract column (e)
disposed of (sales price) and see Column (e)
(Example: 100 sh. XYZ Co.) (Mo., day, yr.) from column (d) and
in the separate (f) (g)
(Mo., day, yr.) (see instructions) combine the result
instructions Code(s) from Amount of
with column (g)
instructions adjustment

MORGAN STANLEY - SEE

ATTACHED 47,568,999.00 44,862,539.00 2,706,460.00
MORGAN STANLEY - SEE
ATTACHED 30,627,433.00 3,277,940.00 27,349,493.00

2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract
negative amounts). Enter each total here and include on your

I
Schedule D, line 1b (if Box A above is checked), line 2 (if Box B
above is checked), or line 3 (if Box C above is checked) 78,196,432. 48,140,479. 30,055,953.
Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an
adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment.
For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2021)
JSA
1X2615 1.000
 Electronic Filing Information: PDF attachments Included in this Return

Tax Year: 2021 Jurisdiction: Federal

Name: BERGER ACTION FUND No of Attachments: 3
Return No: E08597Q1

PDF Attachment Description PDF File Name File Size

8453 Signature Document E08597Q1_FE_2021 Form 8453 Signed.pdf 172,755

2021 Capital Gains E08597Q1_FE_2021 Capital Gains.pdf 59,780

2021 Grants Paid Attachment E08597Q1_FE_2021 Grants Paid Attachment.pdf 82,472

02/03/2023 09:46:38
 Form 8453-TE Tax Exempt Entity Declaration and Signature OMB No. 1545-0047

for Electronic Filing

For calendar year 2021, or tax year beginning 04/01/2021 and ending 03/31/2022 À¾¶µ
I
Department of the Treasury For use with Forms 990, 990-EZ, 990-PF, 990-T, 1120-POL, 4720, 8868, 5227, 5330, and 8038-CP
Internal Revenue Service Go to www.irs.gov/Form8453TE for the latest information.
Name of filer EIN or SSN

BERGER ACTION FUND INC. 20-8948868

Part I Type of Return and Return Information
Check the box for the type of return being filed with Form 8453-TE and enter the applicable amount, if any, from the return. Form 8039-CP
and Form 5330 filers may enter dollars and cents. For all other forms, enter whole dollars only. If you check the box on line 1a, 2a, 3a, 4a, 5a,
6a, 7a, 8a, 9a, or 10a below, and the amount on that line of the return being filed with this form was blank, then leave line 1b, 2b, 3b, 4b, 5b,
6b, 7b, 8b, 9b, or 10b, whichever is applicable, blank (do not enter -0-). If you entered -0- on the return, then enter -0- on the applicable line
below. Do not complete more than one line in Part I.
mmmmIX mmmm 309671160.
mmmI mmmmmmmmmmmmm
1a Form 990 check here b Total revenue, if any (Form 990, Part VIII, column (A), line 12) 1b

mmmmmmmmmmmmmmmmm
2a Form 990-EZ check here b Total revenue, if any (Form 990-EZ, line 9) 2b

m m mm II mm
3a Form 1120-POL check here b Total tax (Form 1120-POL, line 22) 3b

mmmmI mmmmmmmmmmmmmmmmmm
4a Form 990-PF check here b Taxed based on investment income (Form 990-PF, Part VI, line 5) 4b

mmm mmmmmmmmmmmmmmmm
5a Form 8868 check here b Balance due (Form 8868, line 3c) 5b

m m m m II mmmmmmmmmmmmmmmm
6a Form 990-T check here b Total tax (Form 990-T, Part III, line 4) 6b

mmmmI mmmmmmm
7a Form 4720 check here b Total tax (Form 4720, Part III, line 1) 7b

mmmmI mmmmmmmmmmmmmmmm
8a Form 5227 check here b FMV of assets at end of tax year (Form 5227, Item D) 8b

mmI
9a Form 5330 check here b Tax due (Form 5330, Part II, line 19) 9b
10a Form 8039-CP check here b Amount of credit payment requested (Form 8038-CP, Part III, line 22) 10b
Part II Declaration of Officer or Person Subject to Tax
11a I authorize the U.S. Treasury and its designated Financial Agent to initiate an Automated Clearing House (ACH) electronic funds withdrawal
(direct debit) entry to the financial institution account indicated in the tax preparation software for payment of the federal taxes owed on this
return, and the financial institution to debit the entry to this account. To revoke a payment, I must contact the U.S. Treasury Financial Agent
at 1-888-353-4537 no later than 2 business days prior to the payment (settlement) date. I also authorize the financial institutions involved in
the processing of the electronic payment of taxes to receive confidential information necessary to answer inquiries and resolve issues related
to the payment.
b If a copy of this return is being filed with a state agency(ies) regulating charities as part of the IRS Fed/State program, I certify that I executed
the electronic disclosure consent contained within this return allowing disclosure by the IRS of this Form 990/990-EZ/ 990-PF (as
specifically identified in Part I above) to the selected state agency(ies).

Under penalties of perjury, I declare that X I am an officer of the above named entity or I am the person subject to tax with respect to
(name of entity) , (EIN) ,
and that I have examined a copy of the 2021 electronic return and accompanying schedules and statements, and, to the best of my knowledge and belief,
they are true, correct, and complete. I further declare that the amount in Part I above is the amount shown on the copy of the electronic return. I consent to
allow my intermediate service provider, transmitter, or electronic return originator (ERO) to send the return to the IRS and to receive from the IRS (a) an
acknowledgement of receipt or reason for rejection of the transmission, (b) the reason for any delay in processing the return or refund, and (c) the date of
any refund.

Sign
Here M Signature of officer or person subject to tax
02/03/2023
Date M TREASURER
Title, if applicable

Part III Declaration of Electronic Return Originator (ERO) and Paid Preparer (see instructions)
I declare that I have reviewed the above return and that the entries on Form 8453-TE are complete and correct to the best of my knowledge. If I am only a
collector, I am not responsible for reviewing the return and only declare that this form accurately reflects the data on the return. The entity officer or person
subject to tax will have signed this form before I submit the return. I will give a copy of all forms and information to be filed with the IRS to the officer or
person subject to tax, and have followed all other requirements in Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for
Business Returns. If I am also the Paid Preparer, under penalties of perjury I declare that I have examined the above return and accompanying schedules
and statements, and, to the best of my knowledge and belief, they are true, correct, and complete. This Paid Preparer declaration is based on all
information of which I have any knowledge.

M
Date ERO's SSN or PTIN
ERO's
ERO's signature
Check if also Check if self
paid preparer employed
Use Firm's name (or yours if
Only self-employed),
address, and ZIP code M EIN
Phone no.
Under penalties of perjury, I declare that I have examined the above return and accompanying schedules and statements, and, to the best of my
knowledge and belief, they are true, correct, and complete. Declaration of preparer is based on all information of which the preparer has any knowledge.
Print/Type preparer's name Preparer's signature Date PTIN
Paid Check if self
employed
Preparer
Firm's name
I Firm's EIN
I
Use Only
Firm's address
I
For Privacy Act and Paperwork Reduction Act Notice, see back of form.
Phone no.
Form 8453-TE (2021)
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1X3005 2.000
 Capital Gains
4/1/2021 through 3/31/2022
Page 1
Account Security Symbol Shares Bought Sold Gross Proceeds Cost Basis Realized Gain/L...

SHORT TERM
Morgan Stanley NESTLE SA CHAM ET VEVEY NSRGF 46,947.000 1/28/2022 2/7/2022 6,045,746 5,958,784 86,963
Morgan Stanley PACKAGING CORP AMER PKG 36,738.000 1/28/2022 2/7/2022 5,417,539 5,347,216 70,323
Morgan Stanley WABTEC CORP WAB 15,038.000 1/28/2022 2/7/2022 1,314,057 1,321,539 -7,482
Morgan Stanley GENERAL ELECTRIC CO GE 193,027.0... 1/28/2022 2/8/2022 19,139,431 17,777,787 1,361,644
Morgan Stanley GENERAL ELECTRIC CO GE 156,973.0... 1/28/2022 2/9/2022 15,652,226 14,457,213 1,195,012
TOTAL SHORT TERM 47,568,999 44,862,539 2,706,460

LONG TERM
Morgan Stanley NOVOCURE LTD NVCR 65,000.000 7/14/2013 7/15/2021 11,818,234 944,710 10,873,524
Morgan Stanley NOVOCURE LTD NVCR 43,500.000 7/14/2013 9/30/2021 5,041,953 632,229 4,409,724
Morgan Stanley NOVOCURE LTD NVCR 12,000.000 7/14/2013 10/22/2021 1,449,237 174,408 1,274,829
Morgan Stanley NOVOCURE LTD NVCR 5,036.000 7/14/2013 10/22/2021 608,196 73,193 535,003
Morgan Stanley NOVOCURE LTD NVCR 29,799.000 7/14/2013 10/25/2021 3,556,990 433,099 3,123,891
Morgan Stanley NOVOCURE LTD NVCR 70,201.000 7/14/2013 10/26/2021 8,152,823 1,020,301 7,132,521
TOTAL LONG TERM 30,627,433 3,277,940 27,349,493

OVERALL TOTAL 78,196,432 48,140,479 30,055,953

 Grants Paid Schedule

Organization Name Address EIN IRC Section Amount Purpose of Grant

Center For Popular Democracy 449 Troutman Street, Brooklyn, NY 11237 45-3860271 501(C )(4) 1,000,000 Pro-Conservation and Social Welfare Advocacy
Community Catalyst Action Fund, Inc. One Federal Street, Boston, MA 02110 30-0687494 501(C )(4) 200,000 Pro-Conservation and Social Welfare Advocacy
Fund For A Better Future 555 Capital Mall, Sacramento, CA 95814 47-5419512 501(C )(4) 20,280,000 Pro-Conservation and Social Welfare Advocacy
Indivisible Project P.O. Box 43884, Washington, DC 20010 81-4944067 501(C )(4) 665,000 Pro-Conservation and Social Welfare Advocacy
League Of Conservation Voters, Inc. 1920 L Street, NW, Washington, DC 20036 52-1733698 501(C )(4) 3,450,000 Pro-Conservation and Social Welfare Advocacy
Moms Rising Together 12011 Bel-Red Road, Bellevue, WA 98005 20-4448446 501(C )(4) 875,000 Pro-Conservation and Social Welfare Advocacy
National Redistricting Action Fund 1440 G Street, Washington, DC 20005 82-0738281 501(C )(4) 1,000,000 Pro-Conservation and Social Welfare Advocacy
Pine & Spruce 1015 15th Street, NW, Washington DC 20005 85-3035982 67,763 Pro-Conservation and Social Welfare Advocacy
Sixteen Thirty Fund 1201 Connecticut Avenue, NW, Washington, DC 26-4486735 501(C )(4) 42,450,000 Pro-Conservation and Social Welfare Advocacy
Western Conservation Action 1675 Larimer Street, Denver, CO 80202 20-8091495 501(C )(4) 325,000 Pro-Conservation and Social Welfare Advocacy
Working Families Organization, Inc. 77 Sands Street #6, Brooklyn, NY 11201 20-4994004 501(C )(4) 400,000 Pro-Conservation and Social Welfare Advocacy
WorkMoney Inc. 790 N. Milwaukee Street, Ste 300, Milwaukee WI 53202 85-0604101 501(C )(4) 2,000,000 Pro-Conservation and Social Welfare Advocacy

72,712,763