Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
HERBERT BEARMAN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O KATZ ABOSCH 9690 DEERECO ROADNO 500Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TIMONIUM, MD21093
A Employer identification number

31-1602562
B Telephone number (see instructions)

(410) 369-9227
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$37,712,981J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 876,601 876,601  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,193,372
b Gross sales price for all assets on line 6a 18,966,189
7 Capital gain net income (from Part IV, line 2)... 1,193,372
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 72,553 72,740  
12 Total. Add lines 1 through 11........ 2,142,526 2,142,713  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 115,400 0   115,400
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 20,898 0   20,898
16a Legal fees (attach schedule)......... Click to see attachment 617 0   617
b Accounting fees (attach schedule)....... Click to see attachment 20,300 0   20,300
c Other professional fees (attach schedule).... Click to see attachment 225,914 180,731   45,183
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 65,509 18,414   7,095
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 5,495 0   5,495
21 Travel, conferences, and meetings....... 13,925 0   13,925
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 13,773 0   13,773
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 481,831 199,145   242,686
25 Contributions, gifts, grants paid........ 1,666,502 1,666,502
26 Total expenses and disbursements. Add lines 24 and 25 2,148,333 199,145   1,909,188
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,807
b Net investment income (if negative, enter -0-) 1,943,568
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,433,218 1,201,201 1,201,201
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment3,631,831 2,928,759
b Investments—corporate stock (attach schedule)........ 30,293,782 Click to see attachment24,124,346 28,648,175
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 725,046 Click to see attachment3,696,379 4,934,846
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,452,046 32,653,757 37,712,981
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 34,063,400 34,270,918
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -1,611,354 -1,617,161
30 Total net assets or fund balances (see page 17 of the
instructions).................... 32,452,046 32,653,757
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 32,452,046 32,653,757
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 32,452,046
2 Enter amount from Part I, line 27a..................... 2 -5,807
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 207,518
4 Add lines 1, 2, and 3.......................... 4 32,653,757
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 32,653,757
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b CMS PLATINUM FUND P    
c WELLS FARGO K-1'S P    
d FSP 505 WATERFORD CORP. P    
e CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 18,767,528   17,734,010 1,033,518
b 54,498     54,498
c 20,222     20,222
d 35,130   38,807 -3,677
e 88,811     88,811
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,033,518
b       54,498
c       20,222
d       -3,677
e       88,811
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,193,372
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 1,337,600 32,582,743 0.041052
2011 1,790,473 34,157,794 0.052418
2010 1,682,655 33,320,213 0.050500
2009 1,918,783 31,401,957 0.061104
2008 2,005,779 38,050,990 0.052713
2 Total of line 1, column (d) ...................... 2 0.257787
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.051557
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 35,850,100
5 Multiply line 4 by line 3....................... 5 1,848,324
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 19,436
7 Add lines 5 and 6......................... 7 1,867,760
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,909,188
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 19,436
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 19,436
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,436
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 45,461
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 5,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,461
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 31,025
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet31,025 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.HERBERTBEARMANFOUNDATION.ORG
    14
    The books are in care ofbulletSHELDON BEARMAN Telephone no.bullet (410) 369-9227
    Located atbullet7546 HAWKS LANDING DRIVEWEST PALM BEACHFL ZIP+4bullet33412
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    SHELDON BEARMAN PRESIDENT & TREASURER
    20.00     		0 0 0
    7546 HAWKS LANDING DRIVE
    WEST PALM BEACH,FL33412
    ARLENE BEARMAN VICE PRESIDENT & SECRETARY
    15.00     		0 0 0
    7546 HAWKS LANDING DRIVE
    WEST PALM BEACH,FL33412
    MARK BEARMAN CHIEF OPERATING OFFICER
    40.00     		115,400 7,665 13,233
    3003 MASTERS DRIVE
    BALTIMORE,MD21209
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,792,505
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    19,436
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,436
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,773,069
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,773,069
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    1,773,069
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 1,773,069
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 1,565,134
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 1,909,188
    a Applied to 2012, but not more than line 2a 1,565,134
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 344,054
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		1,429,015
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    SHELDON BEARMAN
    10525 TERRA LAGO DRIVE
    WEST PALM BEACH,FL33412
    (410) 369-9227
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIFIC FORMAT
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN DIABETES ASSOCIATION
    2002 CLIPPER PARK RD
    BALTIMORE,MD21211     		NONE 501(C)(3) GENERAL PURPOSE 250
    AMERICAN FRIENDS OF KEREN MALKI
    736 GRANGE ROAD
    TEANECK,NJ07666     		NONE 501(C)(3) EQUIPMENT FUNDING 18,150
    AMERICAN FRIENDS OF KESHET EILON
    25 TRININTY PASS
    POUND RIDGE,NY10576     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    AMERICAN FRIENDS OF MEIR PENIM
    5316 NEW UTRECHT AVENUE
    BROOKLYN,NY11219     		NONE 501(C)(3) GENERAL PURPOSES 25,000
    AMERICAN FRIENDS OF NGO MONITOR INC
    922 ROCKBORN ST
    GAITHERSBURG,MD20787     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    AMERICAN ISRAEL ED FDN
    2554 H STREET NW
    WASHINGTON,DC20001     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    ARTISTS FOR AMY
    348 THOMPSON CREEK MALL SUITE 314
    STEVENSVILLE,MD21666     		NONE 501(C)(3) MAY CONCERT SUPPORT 7,600
    ASSOCIATED JEWISH CHARITIES
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) HERBERT BEARMAN PHILANTHROPIC FUND 150,000
    ASSOCIATED JEWISH CHARITIES
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) ANNUAL CAMPAIGN 85,000
    ASSOCIATED JEWISH CHARITIES
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) ASHKELON KREMBO WINGS 20,000
    ASSOCIATED JEWISH CHARITIES
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSES 15,000
    ASSOCIATED JEWISH CHARITIES
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) WOMENS GIVING FOUNDATION 1,100
    ASSOCIATED JEWISH CHARITIES
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) ISREAL LUNCHEON 1,175
    ASSOCIATED JEWISH CHARITIES
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) FUNDING FOR ASHKELON 5,828
    ASSOCIATED JEWISH CHARITIES
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) JAFI MASA PROGRAM 25,000
    ASSOCIATION OF BALTIMORE AREA GRANT MAKERS
    2 EAST READ STREET 2ND FLOOR
    BALTIMORE,MD21202     		NONE 501(C)(3) GENERAL PURPOSES 4,500
    ASSOCIATION OF SMALL FOUNDATIONS
    1720 N STREET NW
    WASHINGTON,DC20036     		NONE 501(C)(3) ANNUAL SUPPORT 725
    ATHLETES SERVING ATHLETE
    PO BOX 4222
    LUTHERVILLE,MD21094     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    AUTISM PROJECT OF PALM BEACH COUNTY
    5800 CORPORATE WAY
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) CAREER TRANSITION PROGRAM 25,000
    BALTIMORE ANIMAL RESCUE AND CARE SHELTER INC
    301 STOCKHOLM STREET
    BALTIMORE,MD21230     		NONE 501(C)(3) SPAY/NEUTER SURGICAL EQUIPMENT 1,000
    BALTIMORE CHILD ABUSE CENTER
    2300 N CHARLES ST
    BALTIMORE,MD21218     		NONE 501(C)(3) GENERAL PURPOSE 18,500
    BALTIMORE COMMUNITY FOUNDATION
    2 EAST READ STREET
    BALTIMORE,MD21202     		NONE 501(C)(3) BALTIMORE WOMEN'S GIVING 1,100
    BALTIMORE HEBREW CONGREGATION
    7401 PARK HEIGHTS AVE
    BALTIMORE,MD21208     		NONE 501(C)(3) ROSH HASHANNA UNDER THE STARS 10,000
    BALTIMORE SCHOOL FOR THE ARTS
    712 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE 501(C)(3) AFTER SCHOOL PROGRAMS 10,000
    BALTIMORE SYMPHONY ORCHESTRA
    1212 CATHEDRAL ST
    BALTIMORE,MD21201     		NONE 501(C)(3) ORCHKIDS PROGRAM 15,000
    BETH EL CONGREGATION
    8101 PARK HEIGHTS AVE
    PIKESVILLE,MD21208     		NONE 501(C)(3) GENERAL PURPOSE 11,750
    BRIDGES AT SAINT PAUL'S SCHOOL
    11152 FALLS RD
    BROOKLANDVILLE,MD21022     		NONE 501(C)(3) HIGH SCHOOL PROGRAM 9,000
    BZD (BALTIMORE ZIONIST DISTRICT)
    104 CHURCH LAND SUITE 130
    BALTIMORE,MD21208     		NONE 501(C)(3) GENERAL PURPOSE 350
    CAPITAL CAMPS
    11300 ROCKVILLE PIKE STE 407
    ROCKVILLE,MD20852     		NONE 501(C)(3) PEN PAL SPONSORSHIP 500
    CHAI
    5809 PARK HEIGHTS AVENUE
    BALTIMORE,MD21215     		NONE 501(C)(3) AMERICORPS PUBLIC ALLIES PROGRAM 82,000
    CHANA
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) PROFESSIONAL DEVELOPMENT FOR THERAPISTS 5,000
    CHANGE INC
    115 STONER AVENUE
    WESTMINSTER,MD21157     		NONE 501(C)(3) AQUATIC THERAPY 1,500
    CONCERT ARTISTS OF BALTIMORE
    1114 ST PAUL STREET
    BALTIMORE,MD21202     		NONE 501(C)(3) SUPPORT OF THE LYRIC EVENT 7,500
    CRISIO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21230     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    CYSTIC FIBROSIS FOUNDATION OF MARYLAND
    6931 ARLINGTON RD 2ND FL
    BETHESDA,MD20814     		NONE 501(C)(3) GREAT STRIDES SPONSORSHIP 35,200
    DYSLEXIA TUTORING PROGRAM
    1211 N WESTSHORE BLVD SUITE 314
    TAMPA,FL33607     		NONE 501(C)(3) 2011 DTP SUMMER CAMP 10,000
    FOUNDATION FOR THE DEFENSE OF DEMOCRACIES
    PO BOX 14425 33249
    WASHINGTON,DC20033     		NONE 501(C)(3) UNRESTRICTED 10,000
    FRIENDS OF AKIM USA
    25 W 45TH ST 1405
    NEW YORK,NY10036     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    FRIENDS OF ISRAEL SPORTS CENTER FOR THE DISABLED
    PO BOX 667
    DEERFIELD,IL60015     		NONE 501(C)(3) PURCHASE OF WHEEL CHAIRS 10,000
    FRIENDS OF THE ISRAEL DEFENSE FORCES
    1430 BROADWAY
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PURPOSES 10,000
    FUND FOR EDUCATIONAL EXCELLENCE
    800 NORTH CHARLES ST SUITE 400
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    GIFT OF LIFE
    401 N 3RD ST
    PHILADELPHIA,PA19103     		NONE 501(C)(3) GENERAL PURPOSE 1,800
    GREEN VALLEY NORTH TURKEY TROT
    12109 RIDGE VALLEY DRIVE
    OWINGS MILLS,MD21117     		NONE 501(C)(3) CHROHN'S AND COLITIS RESEARCH 100
    HANDS ACROSS AMERICA
    16 WALLY COURT
    LUTHERVILLE,MD21093     		NONE 501(C)(3) 2012 PERU MEDICAL MISSION 10,000
    HEALTH CARE FOR THE HOMELESS
    421 FALLSWAY
    BALTIMORE,MD21202     		NONE 501(C)(3) CENTRICITY UPGRADE 15,000
    HELPING UP MISSION
    1029 E BALTIMORE ST
    BALTIMORE,MD21202     		NONE 501(C)(3) GENERAL PURPOSE 15,480
    HELPUSADOPTORG
    PO BOX 787
    NEW YORK,NY10150     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    IBIS CANCER RESEARCH UNIT
    8057 CRANES POINTE WAY
    WEST PALM BEACH,FL33412     		NONE 501(C)(3) SPONSORSHIP FOR DISEASE RELATED ILLNESSES 1,000
    INCENTIVE MENTORING PROGRAM
    PO BOX 1584
    BALTIMORE,MD21203     		NONE 501(C)(3) GENERAL PURPOSES 10,000
    INTERNATIONAL RESCUE COMMITTEE
    122 E 42ND STREET
    NEW YORK,NY10168     		NONE 501(C)(3) SUPPORT YOUTH CASE WORKERS 2,500
    ISRAEL GUIDE DOG CENTER FOR THE BLIND
    968 EASTON ROAD SUITE H
    WARRINGTON,PA18976     		NONE 501(C)(3) GENERAL PURPOSES 10,000
    JEWISH CARING NETWORK
    529 N WASHINGTON ST
    BALTIMORE,MD21205     		NONE 501(C)(3) GENERAL PURPOSE 500
    JEWISH COMMUNITY CENTER OF GREATER BALTIMORE
    5700 PARK HEIGHTS AVENUE
    BALTIMORE,MD21215     		NONE 501(C)(3) INTERACTIVE WEBSITE 15,000
    JEWISH COMMUNITY CENTER OF GREATER WASHINGTON
    6125 MONTROSE RD
    ROCKVILLE,MD20852     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    JEWISH COMMUNITY CENTER
    3506 GWYNNBROOK AVE
    OWINGS MILLS,MD21117     		NONE 501(C)(3) GENERAL PURPOSE 10,250
    JEWISH COMMUNITY SERVICES
    5750 PARK HEIGHTS AVENUE
    BALTIMORE,MD21215     		NONE 501(C)(3) PSYCHOLOGICAL TESTING EQUIPMENT 25,940
    JEWISH FEDERATION OF PALM BEACH CO
    4601 COMMUNITY DRIVE
    WEST PALM BEACH,FL33417     		NONE 501(C)(3) ISRAEL AT 65 SPONSORSHIP 55,500
    JEWISH MUSEUM OF MARYLAND
    15 LLOYD ST
    BALTIMORE,MD21202     		NONE 501(C)(3) TRAVELING "CHOSEN FOOD" 75,150
    JEWISH NATIONAL FUND
    42 EAST 69TH STREET
    NEW YORK,NY10021     		NONE 501(C)(3) PURCHASE OF 2 JAWS OF LIFE 25,000
    JEWISH WOMEN FOUNDATION
    4601 COMMUNITY DRIVE
    WEST PALM BEACH,FL33417     		NONE 501(C)(3) GENERAL PURPOSES 2,000
    JOHNS HOPKINS CHILDRENS CENTER
    1800 ORLEANS STREET
    BALTIMORE,MD21287     		NONE 501(C)(3) HADASSAH/JHU CYSTIC FIBROSIS COLLABORATIVE PROJECT 53,200
    JOHNS HOPKINS UNIVERSITY
    3400 N CHARLES STREET
    BALTIMORE,MD21218     		NONE 501(C)(3) BEARMAN LECTURESHIP 9,000
    JR ACHIEVEMENT OF CENTRAL MARYLAND
    10711 RED RUN BLVD
    OWINGS MILLS,MD21117     		NONE 501(C)(3) GENERAL PURPOSE 20,000
    KARINA ASSOCIATION
    PO BOX 1383
    COCKEYSVILLE,MD21030     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    KIDSANCTUARY CAMPUS
    700 SOUTH DIXIE HIGHWAY SUITE 101
    WEST PALM BEACH,FL33401     		NONE 501(C)(3) GENERAL PURPOSE 625
    LIVING CLASSROOMS FOUNDATION
    1417 THAMES STREET
    BALTIMORE,MD21231     		NONE 501(C)(3) GENERAL PURPOSES 35,000
    LUPUS MN OF AMERICA
    3800 SMRTIVSN BOULEVARD EAST
    BLOOMINGTON,MN55425     		NONE 501(C)(3) GENERAL PURPOSE 100
    LYNN UNIVERSITY
    3601 N MILITARY TRAIL
    BOCA RATON,FL33431     		NONE 501(C)(3) GENERAL PURPOSE 2,500
    LYRIC OPERA OF BALTIMORE
    110 W MT ROYAL AVE
    BALTIMORE,MD21201     		NONE 501(C)(3) STUDENT OUTREACH PROGRAM 2,500
    MARYLAND RAVENS INC
    1413 GLENDALE RD
    BALTIMORE,MD21239     		NONE 501(C)(3) ABILITIES AWARENESS PROJECT 500
    MARYLAND SCHOOL FOR THE BLIND
    3501 TAYLOR AVENUE
    BALTIMORE,MD21236     		NONE 501(C)(3) ASSISTIVE TECHNOLOGY 26,077
    MCCARTHY'S WILDLIFE SANCUARY
    12943 61ST ST N
    WEST PALM BEACH,FL33412     		NONE 501(C)(3) GENERAL PURPOSE 500
    MED ALUMNI ASSOCIATION OF UNIVERSITY OF MARYLAND
    522 W LOMBARD ST
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    MIDDLE EAST MEDIA RESEARCH INSTITUTE
    PO BOX 27837
    WASHINGTON,DC20038     		NONE 501(C)(3) GENERAL PURPOSES 10,000
    MISFITS ANIMAL SANCUTARY
    PO BOX 75
    FINKSBURG,MD21048     		NONE 501(C)(3) CONSTRUCTION OF ANIMAL HOLDING PENS 1,000
    MUTTS MATTER RESCUE
    PO BOX 2047
    ROCKVILLE,MD20847     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    NATIONAL AQUARIUM-BALTIMORE
    501 EAST PRATT STREET
    BALTIMORE,MD21202     		NONE 501(C)(3) THERMOGRAPH PURCHASE 21,596
    OPERATION WARM
    1653 BRINTONS BRIDGE ROAD
    CHADDS FORD,PA19317     		NONE 501(C)(3) BALTIMORE COAT PROGRAM 2,500
    PEF ISRAEL ENDOWMENT FUNDS INC
    317 MADISON AVENUE
    NEW YORK,NY10017     		NONE 501(C)(3) MATAN-INVESTING IN THE COMMUNITY 12,000
    PALM BEACH COUNTY FOOD BANK
    525 GATOR DR
    LANTANA,FL33462     		NONE 501(C)(3) GENERAL PURPOSE 50
    PAUL'S PLACE INC
    1118 WARD ST
    BALTIMORE,MD21230     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    PUBLIC JUSTICE CENTER
    1 N CHARLES ST 200
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    QUANTUM HOUSE
    901 45TH STREET
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) GENERAL PURPOSES 12,550
    SAINT BARNABAS MEDICAL CENTER
    94 OLD SHART HILLS ROAD
    LIVINGSTON,NJ07039     		NONE 501(C)(3) GENERAL PURPOSE 100
    SEAGULL INDUSTRIES FOR THE DISABLED
    3879 WEST INDUSTRIAL WAY
    WEST PALM BEACH,FL33404     		NONE 501(C)(3) FURNISHING NEW CHARTER SCHOOL 15,000
    SHEPPARD AND ENOCH PRATT HOSPITAL
    6501 NORTH CHARLES ST
    BALTIMORE,MD21285     		NONE 501(C)(3) VIDEO MODELING EQUIPMENT AND COMMUNICATIONS TECHNOLOGY 20,000
    SOUTH BALTIMORE LEARNING
    28 E OSTEND ST
    BALTIMORE,MD21230     		NONE 501(C)(3) GENERAL PURPOSE 4,582
    SPECIAL OLYMPICS FLORIDA
    1915 DON WICKHAM DRIVE
    CLERMONT,FL34711     		NONE 501(C)(3) POLAR PLUNGE 250
    ST ELIZABETH SCHOOL
    801 ARGONNE DR
    BALTIMORE,MD21218     		NONE 501(C)(3) GENERAL PURPOSE 14,727
    TEACH FOR AMERICA
    315 W 35TH ST 7TH FL
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PURPOSES 10,000
    TEMPLE OHEB SHALOM
    OHEB SHALOM TEMPLE
    BALTIMORE,MD21208     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    THE DAVID PROJECT
    PO BOX 52390
    BOSTON,MA02205     		NONE 501(C)(3) VIDEO ADVOCACY TRAINING 20,000
    THE ISRAEL PROJECT
    2020 K ST NW STE 7600
    WASHINGTON,DC20006     		NONE 501(C)(3) TRIBUTE AD 200,000
    THE LUSTGARTEN FOUNDATION
    1111 STEWARD AVE
    BETHPAGE,NY11714     		NONE 501(C)(3) GENERAL PURPOSE 180
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    1 COLLEGE HALL
    PHILADELPHIA,PA19104     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    UMMS FOUNDATION SHOCK TRAMA
    22 S GREENE ST
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 950
    UNITED SYNOGOGUE OF CONSERVATIVE JUDAISM
    820 SECOND AVE 10TH FLOOR
    NEW YORK,NY10017     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    UNIVERSITY OF MARYLAND BALTIMORE COUNTY FOUNDATION
    1000 HILLTOP CIRCLE
    BALTIMORE,MD21250     		NONE 501(C)(3) HROBOWSKI FUND FOR INNOVATION 25,000
    VALLEY VIEW SCHOOL
    PO BOX 338
    NORTH BROOKFIELD,MA01535     		NONE 501(C)(3) TECHNOLOGY NEEDS 19,067
    VILLAGE LEARNING PLACE
    2521 SAINT PAUL STREET
    BALTIMORE,MD21218     		NONE 501(C)(3) LINK AFTER SCHOOL AND SUMMER PROGRAMS 5,000
    WORLD UNION FOR PROGRESSIVE JUDAISM
    633 THIRD AVE 6TH FLOOR
    NEW YORK,NY10017     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    WOUNDED WARRIORS OF SOUTHERN MARYLAND
    16900 SCIENCE DR
    BOWIE,MD20715     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    Total .................................bullet 3a 1,666,502
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 876,601  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 72,553  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 1,193,372  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,142,526 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,142,526
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 20,300 0   20,300

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WELLS FARGO INVESTMENTS - SECURITIES 24,124,346 28,648,175

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    US Government Securities - End of Year Book Value:

    3,631,831
    US Government Securities - End of Year Fair Market Value:

    2,928,759
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2013 InvestmentsOtherSchedule2
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WELLS FARGO INVESTMENTS - INVESTMENT IN PARTNERSHIPS AT COST 2,970,000 4,124,485
    CMS PLATINUM FUND AT COST 651,018 651,018
    FSP INVESTMENTS AT COST 75,361 159,343

    TY 2013 LegalFeesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 617 0   617


    TY 2013 OtherExpensesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE 6,812 0   6,812
    DUES AND SUBSCRIPTIONS 275 0   275
    INSURANCE 3,532 0   3,532
    COMPUTER EXPENSE 3,154 0   3,154


    TY 2013 OtherIncomeSchedule2
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 INVESTMENT INCOME 72,553 72,740 72,553


    TY 2013 OtherIncreasesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Description Amount
    EXCESS FMV OVER COST BASIS 207,518


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 225,914 180,731   45,183


    TY 2013 TaxesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN: 31-1602562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL 7,095 0   7,095
    FOREIGN 18,414 18,414   0
    FEDERAL TAXES 40,000 0   0