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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
HERBERT BEARMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O 9690 DEERECO ROAD NO 500
  Room/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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$37,925,751J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 955,179 950,656  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,217,983
b Gross sales price for all assets on line 6a 16,921,402
7 Capital gain net income (from Part IV, line 2)... 1,217,983
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 564,348 564,348  
12 Total. Add lines 1 through 11........ 2,737,510 2,732,987  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 120,935 0   120,935
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 31,397 0   30,294
16a Legal fees (attach schedule)......... Click to see attachment 768 0   768
b Accounting fees (attach schedule)....... Click to see attachment 22,500 5,330   17,170
c Other professional fees (attach schedule).... Click to see attachment 285,693 285,693   0
17 Interest............... 1,291 0   1,291
18 Taxes (attach schedule) (see instructions)... Click to see attachment 86,371 14,706   24,637
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 6,150 0   6,150
21 Travel, conferences, and meetings....... 28,211 0   28,211
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,297 0   18,297
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 601,613 305,729   247,753
25 Contributions, gifts, grants paid....... 1,554,826 1,554,826
26 Total expenses and disbursements. Add lines 24 and 25 2,156,439 305,729   1,802,579
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 581,071
b Net investment income (if negative, enter -0-) 2,427,258
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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......... 1,361,243 3,039,815 3,039,815
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) 3,658,258 Click to see attachment0 0
b Investments—corporate stock (attach schedule)....... 24,105,481 Click to see attachment13,378,300 14,463,623
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).......... 3,895,305 Click to see attachment17,316,646 20,422,313
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) 33,020,287 33,734,761 37,925,751
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........ 34,244,408 34,377,811
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -1,224,121 -643,050
30 Total net assets or fund balances (see instructions)..... 33,020,287 33,734,761
31 Total liabilities and net assets/fund balances (see instructions). 33,020,287 33,734,761
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
33,020,287
2
Enter amount from Part I, line 27a .....................
2
581,071
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
133,403
4
Add lines 1, 2, and 3 ..........................
4
33,734,761
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
33,734,761
Form 990-PF (2015)
Form 990-PF (2015)
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 INVESTMENTS P    
e CHARLES SCHWAB K-1'S P    
OUTCOME DRIVEN FUND P    
THE CAMPBELL FUND TRUST (FULL DISPOSITION) P   2015-09-16
WNT FUTURES ASP FUND (FULL DISPOSITION) P   2015-10-21
ABS GLOBAL LONG SHORT II ASP FUND (FULL DISPOSITION) P   2015-11-20
CORBIN PINEHURST INST. ASP FUND (FULL DISPOSITION) P   2015-12-31
GRAHAM ALT. INV. II ASP FUND (FULL DISPOSITION) P   2015-11-17
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 16,842,256   15,642,348 1,199,908
b     1,657 -1,657
c     9,559 -9,559
d     51 -51
e 6     6
    6,143 -6,143
43,189     43,189
    279 -279
    4,428 -4,428
    13,072 -13,072
    25,882 -25,882
35,951     35,951
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       1,199,908
b       -1,657
c       -9,559
d       -51
e       6
      -6,143
      43,189
      -279
      -4,428
      -13,072
      -25,882
      35,951
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 1,217,983
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 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))
2014 1,483,301 37,898,278 0.039139
2013 1,889,752 35,850,100 0.052713
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
2
Total of line 1, column (d) .....................
20.235822
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
0.047164
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
37,457,270
5
Multiply line 4 by line 3......................
5
1,766,635
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
24,273
7
Add lines 5 and 6........................
7
1,790,908
8
Enter qualifying distributions from Part XII, line 4.............
8
1,802,579
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 24,273
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 24,273
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 24,273
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 40,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 60,000
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 35,727
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet35,727 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 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 2015 or the taxable year beginning in 2015 (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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2015, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    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 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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (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 4945(d)(4)(A)? (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 (2015)
    Form 990-PF (2015)
    Page 7
    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     		120,935 11,984 19,413
    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  
    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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    34,332,511
    b
    Average of monthly cash balances.......................
    1b
    3,695,174
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    38,027,685
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    38,027,685
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    570,415
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    37,457,270
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,872,864
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,872,864
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    24,273
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,273
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,848,591
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,848,591
    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
    1,848,591
    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
    1,802,579
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    1,802,579
    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
    24,273
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,778,306
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 1,848,591
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 1,802,575
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,802,579
    a Applied to 2014, but not more than line 2a 1,802,575
    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 2015 distributable amount..... 4
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,848,587
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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
    7546 HAWKS LANDING 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 (2015)
    Form 990-PF (2015)
    Page 11
    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
    AID TO VICTIMS OF DOMESTIC ABUSE
    1001 TEXAS AVE SUITE 600
    HOUSTON,TX77002     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    ALPERT JEWISH FAMILY SERVICES
    5841 CORPORATE WAY SUITE 200
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    AMERICAN FRIENDS OF BEIT ISSIE SHAPIRO
    51 E 42ND ST
    NEW YORK,NY10017     		NONE 501(C)(3) GENERAL PURPOSES 10,000
    AMERICAN FRIENDS OF ELI
    1009 DELENE ROAD
    RYDAL,PA19046     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    AMERICAN FRIENDS OF HERZOG HOSPITAL
    57 WEST 57TH STREET SUITE 412
    NEW YORK,NY10019     		NONE 501(C)(3) GENERAL PURPOSE 36,957
    AMERICAN FRIENDS OF JORDAN RIVER VILLAGE
    244 MADISON AVENUE SUITE 482
    NEW YORK,NY10016     		NONE 501(C)(3) GENERAL PURPOSES 20,000
    AMERICAN FRIENDS OF KEREN MALKI
    736 GRANGE ROAD
    TEANECK,NJ07666     		NONE 501(C)(3) GENERAL PURPOSES 4,344
    AMERICAN FRIENDS OF LEKET ISRAEL
    960 TEANECK ROAD SUITE 200
    TEANECK,NJ07666     		NONE 501(C)(3) GENERAL PURPOSES 25,000
    AMERICAN FRIENDS OF MAGEN DAVID
    2100 E HALLANDALE BEACH BLVD
    HALLANDALE BEACH,FL33009     		NONE 501(C)(3) GENERAL PURPOSE 2,500
    AMERICAN FRIENDS OF REUT INSTITUTE
    8383 WILSHIRE BLVD SUITE 400
    BEVERLY HILLS,CA90211     		NONE 501(C)(3) GENERAL PURPOSES 25,000
    AMERICAN FRIENDS OF SHALVA
    315 FIFTH AVENUE 6TH FL
    NEW YORK,NY10016     		NONE 501(C)(3) GENERAL PURPOSES 10,526
    AMERICAN FRIENDS OF THE SHMAYA SCHOOL
    5906 KEY AVE
    BALTIMORE,MD21215     		NONE 501(C)(3) GENERAL PURPOSES 12,500
    AMERICAN ISRAEL EDUCATION FOUNDATION
    2554 H STREET NW
    WASHINGTON,DC20001     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    AMERICAN SOCIETY FOR YAD VASHEM
    500 5TH AVE 42
    NEW YORK,NY10110     		NONE 501(C)(3) GENERAL PURPOSES 10,000
    ARTISTS FOR AMY
    348 THOMPSON CREEK MALL SUITE 314
    STEVENSVILLE,MD21666     		NONE 501(C)(3) GENERAL PURPOSE 11,000
    ASSOCIATION OF BALTIMORE AREA GRANT MAKERS
    2 EAST READ STREET 2ND FLOOR
    BALTIMORE,MD21202     		NONE 501(C)(3) GENERAL PURPOSES 4,500
    AUTISM PROJECT OF PALM BEACH COUNTY
    5800 CORPORATE WAY
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    BALTIMORE ANIMAL RESCUE AND CARE SHELTER INC
    301 STOCKHOLM STREET
    BALTIMORE,MD21230     		NONE 501(C)(3) GENERAL PURPOSE 2,500
    BALTIMORE CHILD ABUSE CENTER
    2300 N CHARLES ST
    BALTIMORE,MD21218     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    BALTIMORE COMMUNITY FOUNDATION
    2 EAST READ STREET
    BALTIMORE,MD21202     		NONE 501(C)(3) GENERAL PURPOSE 1,100
    BALTIMORE HEBREW CONGREGATION
    7401 PARK HEIGHTS AVE
    BALTIMORE,MD21208     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    BALTIMORE LEADERSHIP SCHOOL FOR YOUNG WOMEN
    128 W FRANKLIN ST
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 16,000
    BALTIMORE SCHOOL FOR THE ARTS
    712 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    BALTIMORE SYMPHONY ORCHESTRA
    1212 CATHEDRAL ST
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    BETH EL CONGREGATION
    8101 PARK HEIGHTS AVE
    PIKESVILLE,MD21208     		NONE 501(C)(3) GENERAL PURPOSE 54,000
    BOCA HELPING HANDS
    1500 NORTHWEST 1ST COURT
    BOCA RATON,FL33432     		NONE 501(C)(3) GENERAL PURPOSE 5,215
    BRIDGES AT SAINT PAUL'S SCHOOL
    11152 FALLS RD
    BROOKLANDVILLE,MD21022     		NONE 501(C)(3) GENERAL PURPOSE 9,000
    CAPITAL CAMPS
    11300 ROCKVILLE PIKE STE 407
    ROCKVILLE,MD20852     		NONE 501(C)(3) PEN PAL SPONSORSHIP 12,500
    CATOCTIN WILDLIFE PRESERVE & ZOO
    13019 CATOCTIN FURNACE RD
    THURMONT,MD21788     		NONE 501(C)(3) GENERAL PURPOSE 100
    CHANA
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 32,000
    COMPREHENSIVE HOUSING ASSISTANCE INC
    5809 PARK HEIGHTS AVENUE
    BALTIMORE,MD21215     		NONE 501(C)(3) GENERAL PURPOSE 45,105
    CONCERT ARTISTS OF BALTIMORE
    1114 ST PAUL STREET
    BALTIMORE,MD21202     		NONE 501(C)(3) GENERAL PURPOSE 7,500
    CYSTIC FIBROSIS FOUNDATION OF MARYLAND
    6931 ARLINGTON RD 2ND FL
    BETHESDA,MD20814     		NONE 501(C)(3) GENERAL PURPOSE 31,000
    DYSLEXIA TUTORING PROGRAM
    1211 N WESTSHORE BLVD SUITE 314
    TAMPA,FL33607     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    EDWARD MYERBERG SENIOR CENTER
    3101 FALLSTAFF ROAD
    BALTIMORE,MD21209     		NONE 501(C)(3) SENIOR SUNDAY 2,800
    EISENHOWER INSTITUTE
    300 N WASHINGTON ST BOX 2988
    GETTYSBURG,PA17325     		NONE 501(C)(3) GENERAL PURPOSES 10,000
    EXPONENT PHILANTHROPY
    1720 N ST NW
    WASHINGTON,DC20036     		NONE 501(C)(3) GENERAL PURPOSES 750
    FRIENDS OF THE DANIEL CENTER
    9 MAPLE AVENUE
    MILTON,NY12547     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    FRIENDS OF THE ISRAEL DEFENSE FORCES
    1430 BROADWAY
    NEW YORK,NY10018     		NONE 501(C)(3) "STRIDES" SOLDIER SPONSORSHIP 20,000
    FRIENDS OF YEMIN ORDE
    12230 WILKINS AVE
    ROCKVILLE,MD20852     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    FUENTE LATINA
    1395 BRICKELL AVE SUITE 800
    MIAMI,FL33131     		NONE 501(C)(3) GENERAL PURPOSES 25,000
    HANDS ACROSS AMERICA
    16 WALLY COURT
    LUTHERVILLE,MD21093     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    HEARING AND SPEECH AGENCY
    5900 METRO DRIVE
    BALTIMORE,MD21215     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    IBIS CHARITIES
    8225 IBIS BOULEVARD
    WEST PALM BEACH,FL33412     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    INSIGHT THROUGH EDUCATION
    PO BOX 33054
    PALM BEACH GARDENS,FL33420     		NONE 501(C)(3) BRUNDIBAR PERFORMANCES 2,500
    ISRAEL GUIDE DOG CENTER FOR THE BLIND
    968 EASTON ROAD SUITE H
    WARRINGTON,PA18976     		NONE 501(C)(3) GENERAL PURPOSES 25,000
    ISRAEL TENNIS CENTERS FOUNDATION
    57 W 38TH ST SUITE 605
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    JEWISH COMMUNITY CENTER OF GREATER BALTIMORE
    5700 PARK HEIGHTS AVENUE
    BALTIMORE,MD21215     		NONE 501(C)(3) GENERAL PURPOSE 107,021
    JEWISH FAMILY AND CHILDREN'S SERVICES
    2150 POST STREET
    SAN FRANCISCO,CA94115     		NONE 501(C)(3) GENERAL PURPOSE 50
    JEWISH FEDERATION OF PALM BEACH CO
    4601 COMMUNITY DRIVE
    WEST PALM BEACH,FL33417     		NONE 501(C)(3) GENERAL PURPOSE 35,050
    JEWISH FEDERATIONS OF NORTH AMERICA
    25 BROADWAY 17TH FLOOR
    NEW YORK,NY10004     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    JEWISH MUSEUM OF MARYLAND
    15 LLOYD ST
    BALTIMORE,MD21202     		NONE 501(C)(3) TRAVELING "CHOSEN FOOD;LISTTOTAL 0 10,000
    JEWISH NATIONAL FUND
    42 EAST 69TH STREET
    NEW YORK,NY10021     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    JOHNS HOPKINS CHILDRENS CENTER
    1800 ORLEANS STREET
    BALTIMORE,MD21287     		NONE 501(C)(3) GENERAL PURPOSE 13,100
    JOHNS HOPKINS UNIVERSITY
    3400 N CHARLES STREET
    BALTIMORE,MD21218     		NONE 501(C)(3) GENERAL PURPOSE 6,500
    KIPP BALTIMORE
    4701 GREENSPRING AVE
    BALTIMORE,MD21209     		NONE 501(C)(3) GENERAL PURPOSE 20,000
    LEUKEMIA AND LYMPHOMA SOCIETY
    1311 MAMARONECK AVENUE SUITE 310
    WHITE PLAINS,NY10605     		NONE 501(C)(3) GENERAL PURPOSE 1,500
    LIVING CLASSROOMS FOUNDATION
    1417 THAMES STREET
    BALTIMORE,MD21231     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    MAIN STREET HOUSING INC
    7310 ESQUIRE COURT 14
    ELKRIDGE,MD21075     		NONE 501(C)(3) GENERAL PURPOSE 3,300
    MARCH OF DIMES
    175 W OSTEND ST
    BALTIMORE,MD21230     		NONE 501(C)(3) GENERAL PURPOSE 180
    MARYLAND CENTER FOR VETERANS EDUCATION & TRAINING INC
    301 N HIGH ST 1
    BALTIMORE,MD21202     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    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 PURPOSE 7,500
    MOVABLE FEAST
    901 NORTH MILTON AVENUE
    BALTIMORE,MD21205     		NONE 501(C)(3) DELIVERY VEHICLE PURCHASE 10,155
    NATIONAL AQUARIUM
    501 EAST PRATT STREET
    BALTIMORE,MD21202     		NONE 501(C)(3) GENERAL PURPOSE 12,360
    NATIONAL COUNCIL OF JEWISH WOMEN
    1707 L ST NW 950
    WASHINGTON,DC20036     		NONE 501(C)(3) YEAR ROUND KLAL 15,000
    NER TAMID CONGREGATION
    6214 PIMLICO RD
    BALTIMORE,MD21209     		NONE 501(C)(3) GENERAL PURPOSE 80,000
    ONE HUNDRED BLACK MEN OF MARYLAND
    4413 LIBERTY HEIGHTS AVENUE
    BALTIMORE,MD21207     		NONE 501(C)(3) ADAPTIVE SENSORY EQUIPMENT 200
    PRATT CAMPAIGN FOR CENTRAL LIBRARY RENOVATIONS
    400 CATHEDRAL ST
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 78,750
    QUANTUM HOUSE
    901 45TH STREET
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    QUEST VISUAL THEATERS
    7414 NEWBURG DR
    LANHAM,MD20706     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    REPORT INC
    100 SPRINGDALE ROAD STE A3
    CHERRY HILL,NJ08003     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    SEED SCHOOL OF MD
    200 FONT HILL AVE
    BALTIMORE,MD21223     		NONE 501(C)(3) GENERAL PURPOSE 16,000
    SPECIAL OLYMPICS FLORIDA
    1915 DON WICKHAM DRIVE
    CLERMONT,FL34711     		NONE 501(C)(3) GENERAL PURPOSE 250
    ST ELIZABETH SCHOOL
    801 ARGONNE DR
    BALTIMORE,MD21218     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    TAKE STOCK IN CHILDREN
    25 NE 2ND ST 5501
    MIAMI,FL33132     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    THE ASSOCIATED
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 194,900
    THE ISRAEL PROJECT
    2020 K ST NW STE 7600
    WASHINGTON,DC20006     		NONE 501(C)(3) GENERAL PURPOSE 100,000
    THE PAP CORPS
    1166 WEST NEWPORT CENTER DRIVE3848
    FAU BLVD SUITE 305
    DEERFIELD BEACH,FL33442     		NONE 501(C)(3) GENERAL PURPOSE 100
    THE SAMARITAN COMMUNITY
    1407 BOLTON ST
    BALTIMORE,MD21217     		NONE 501(C)(3) GENERAL PURPOSES 4,900
    UMBF INC
    620 LEXINGTON ST 2ND FL
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 1,750
    UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION
    711 W 40TH STREET SUITE 310
    BALTIMORE,MD21211     		NONE 501(C)(3) GENERAL PURPOSE 21,150
    V-LINC INC
    2301 ARGONNE DRIVE
    BALTIMORE,MD21218     		NONE 501(C)(3) GENERAL PURPOSE 15,713
    WOODBOURNE CENTER
    505 HIGHWAY 169 NORTH SUITE 500
    PLYMOUTH,MN55441     		NONE 501(C)(3) GENERAL PURPOSES 13,000
    ZAKA RESCUE AND RECOVERY
    11 BROADWAY SUITE 1070
    NEW YORK,NY10004     		NONE 501(C)(3) GENERAL PURPOSE 27,000
    Total .................................bullet 3a 1,554,826
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    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....     14 955,179  
    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.....     14 564,348  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 1,217,983  
    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 2,737,510 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,737,510
    (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 (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) 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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN:
    31-1602562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 22,500 5,330   17,170

    TY 2015 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 0 0
    CHARLES SCHWAB INVESTMENTS - SECURITIES 13,378,300 14,463,623

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN:
    31-1602562
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


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


    0


    TY 2015 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 2,272,284 2,270,318
    CMS PLATINUM FUND AT COST 517,670 585,204
    FSP INVESTMENTS AT COST 38,827 42,200
    CHARLES SCHWAB INVESTMENTS - PARTNERSHIPS AT COST 12,441,199 15,477,925
    OUTCOME DRIVEN FUND AT COST 2,046,666 2,046,666
    CHARLES SCHWAB INVESTMENTS - SECURITIES AT COST 0 0

    TY 2015 LegalFeesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN:
    31-1602562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 768 0   768


    TY 2015 OtherExpensesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN:
    31-1602562
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 5,890 0   5,890
    DUES AND SUBSCRIPTIONS 1,005 0   1,005
    TELEPHONE & INTERNET 3,539 0   3,539
    OFFICE 7,273 0   7,273
    SHIPPING EXPENSE 313 0   313
    BANK FEES 277 0   277


    TY 2015 OtherIncomeSchedule2
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN:
    31-1602562
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 INVESTMENT INCOME/LOSS 564,348 564,348 564,348


    TY 2015 OtherIncreasesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN:
    31-1602562
    Description Amount
    COST BASIS ADJUSTMENT 133,403


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN:
    31-1602562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 285,693 285,693   0


    TY 2015 TaxesSchedule
    Name:
    HERBERT BEARMAN FOUNDATION
    EIN:
    31-1602562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL 24,637 0   24,637
    FOREIGN 14,706 14,706   0
    FEDERAL TAXES 47,028 0   0