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          <PurposeOfGrantOrContribution>unite, educate and inspire young people in divided communities through basketball.</PurposeOfGrantOrContribution>
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            <State>NY</State>
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        <Explanation>FORM 990PF PART XV - SUPPLEMENTARY INFORMATION - LINE 1BAS STATED ON THIS ORGANIZATION'S FORM 1023 (APPLICATION FOR RECOGNITION OF EXEMPTION), GABRIEL NECHAMKIN, THE FOUNDER OF THIS ORGANIZATION, IS THE FOUNDING MEMBER AND PORTFOLIO MANAGER OF ELLIS LAKE CAPITAL, LLC ("ELC"). ELC CONSISTS OF FOUR AFFILIATED ENTITIES: ELLIS LAKE MASTER FUND, LP, ELLIS LAKE DOMESTIC FUND, LP, ELLIS LAKE OFFSHORE FUND, LTD., AND, ELLIS LAKE GP, LLC. THE INVESTMENTS OF ELC ARE WIDELY DIVERSIFIED AND PASSIVE IN NATURE. THIS ORGANIZATION IS A CONTROLLING OWNER OF ELLIS LAKE OFFSHORE FUND, LTD., WHICH ENTITY OWNED FOR A CERTAIN PERIOD OF TIME DURING THE TAX YEAR MORE THAN 10% OF THE ELLIS LAKE MASTER FUND, LP, OF WHICH GABRIEL NECHAMKIN IS A GREATER THAN 10% OWNER THROUGH HIS LP INTEREST IN THE ELLIS LAKE DOMESTIFC FUND, LP. AS OF YEAR-END THE FOUNDATION DID NOT OWN MORE THAN 10% OF THE ELLIS LAKE MASTER FUND, LP, EITHER DIRECTLY OR INDIRECTLY.</Explanation>
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        <Explanation>FORM 990-PF PART VII-A STATEMENTS REGARDING ACTIVITIES - LINE 11ELLIS LAKE OFFSHORE FUND, LTD.C/O OGIER FIDUCIARY SERVICES (CAYMAN) LIMITED89 NEXUS WAY CAMANA BAYKY1-9007 CAYMAN ISLANDS</Explanation>
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