Arnold Foundationinc Attn Ken Slutsky Tax Exempt Inst Grp

Fidelity Charitable Gift Fund

For the general fund of the charity

200 Seaport Blvd Mail Zone NCW4B - Boston - MA 02210 • 2022

Wellspring Philanthropic Fund Inc

Under grant agreement dated 11/14/22, Arnold Foundation (the "Foundation") granted to WPF the Foundation's rights to a security deposit of $248,173 (the "Security Deposit") for the lease of the office space at 1441 Broadway, Suite 1600, New York, NY (the "Premises") held by the landlord of the Premises. The grant was made because the Premises, which the Foundation previously had leased and allowed WPF to use for its charitable purposes rent-free, would now be leased by WPF, entitling the Foundation to a return of the Security Deposit and obligating WPF to furnish a security deposit. The grant was made to facilitate WPF's charitable activities by assisting WPF in leasing the Premises to continue housing the staff who conduct those activities. WPF must use the Security Deposit (via its use of the Premises) solely to further its charitable purposes of making grants to other Code section 501(c)(3) organizations for religious, charitable, scientific, literary, and educational purposes.

1441 Broadway Suite 1400 - New York - NY 10018 • 2022