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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
SHEAR FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)103 GAMMA DRIVE NO 120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15238
A Employer identification number

47-1833006
B Telephone number (see instructions)

(412) 580-6297
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$163,001,795J 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.............
3 Interest on savings and temporary cash investments 714,773 714,773  
4 Dividends and interest from securities... 2,728,847 2,728,847  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 812,859
b Gross sales price for all assets on line 6a 35,274,720
7 Capital gain net income (from Part IV, line 2)... 781,391
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 538,056 778,353  
12 Total. Add lines 1 through 11........ 4,794,535 5,003,364  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 5,180 5,180   0
b Accounting fees (attach schedule)....... Click to see attachment 26,204 26,204   0
c Other professional fees (attach schedule).... Click to see attachment 1,353,430 551,815   801,615
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 199,475 22,419   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 194,183 188,583   5,600
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,778,472 794,201   807,215
25 Contributions, gifts, grants paid....... 7,900,500 7,900,500
26 Total expenses and disbursements. Add lines 24 and 25 9,678,972 794,201   8,707,715
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,884,437
b Net investment income (if negative, enter -0-) 4,209,163
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 1,574,082 1,122,174 1,122,174
2 Savings and temporary cash investments......... 37,033,998 18,079,894 18,079,894
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.......... 41,500 58,544 58,544
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 102,292,137 Click to see attachment88,847,966 88,847,966
c Investments—corporate bonds (attach schedule)....... 210,820 Click to see attachment1,103,918 1,103,918
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 35,528,117 Click to see attachment53,789,299 53,789,299
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) 176,680,654 163,001,795 163,001,795
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 Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 176,680,654 163,001,795
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 176,680,654 163,001,795
31 Total liabilities and net assets/fund balances (see instructions). 176,680,654 163,001,795
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
176,680,654
2
Enter amount from Part I, line 27a .....................
2
-4,884,437
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
171,796,217
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,794,422
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
163,001,795
Form 990-PF (2018)
Form 990-PF (2018)
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 PUBLICLY TRADED SECURITIES P    
c ALTERNATIVE INVESTMENTS P    
d ALTERNATIVE INVESTMENTS P    
e BALYASNY ATLAS ENHANCED P    
AXONIC CREDIT OVERSEAS P    
  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 17,443,564   16,729,966 713,598
b 14,729,772   13,154,398 1,575,374
c 79,942   31,472 48,470
d     1,974,736 -1,974,736
e 800,702   602,757 197,945
2,220,740   2,000,000 220,740
      0
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       713,598
b       1,575,374
c       48,470
d       -1,974,736
e       197,945
      220,740
      0
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 2 781,391
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))
2017 8,140,440 171,931,961 0.047347
2016 4,466,022 161,785,738 0.027605
2015 406 78,256,671 0.000005
2014 0 0 0.000000
2013      
2
Total of line 1, column (d) .....................
2
0.074957
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.018739
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
179,943,272
5
Multiply line 4 by line 3......................
5
3,371,957
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
42,092
7
Add lines 5 and 6........................
7
3,414,049
8
Enter qualifying distributions from Part XII, line 4,.............
8
8,707,715
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 42,092
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 42,092
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 42,092
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 64,334
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 55,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 119,334
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 90
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 77,152
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet77,152 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
    Yes
     
    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)
    bulletPA
    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 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    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 addressbulletN/A
    14
    The books are in care ofbulletRICK ROADARMEL Telephone no.bullet (412) 580-6297

    Located atbullet103 GAMMA DRIVEPITTSBURGHPA ZIP+4bullet15238
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    BARBARA S SHEAR PRESIDENT/DIRECTOR
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    HERBERT S SHEAR VICE PRESIDENT/DIRECTOR
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    GERALD A SHEAR SECRETARY/DIRECTOR
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    JOHN A SHEAR TREASURER/DIRECTOR
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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 (2018)
    Form 990-PF (2018)
    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
    101,989,470
    b
    Average of monthly cash balances.......................
    1b
    31,255,043
    c
    Fair market value of all other assets (see instructions)................
    1c
    49,439,012
    d
    Total (add lines 1a, b, and c).........................
    1d
    182,683,525
    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
    182,683,525
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,740,253
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    179,943,272
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,997,164
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,997,164
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    42,092
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    42,092
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,955,072
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,955,072
    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
    8,955,072
    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
    8,707,715
    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
    8,707,715
    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
    42,092
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,665,623
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 8,955,072
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 7,788,781
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 8,707,715
    a Applied to 2017, but not more than line 2a 7,788,781
    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 2018 distributable amount..... 918,934
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		8,036,138
    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
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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).)
    BARBARA S SHEAR
    HERBERT S SHEAR
    GERALD A SHEAR
    JOHN A SHEAR
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    AMERIAN ISRAEL EDUCATION FUND
    251 H ST NW
    WASHINGTON,DC20001     		N/A PC GENERAL SUPPORT 300,000
    AMERICAN FRIENDS OF ISRAEL SPORT CENTER FOR THE DISABLED
    1 NORTHFIELD PLAZA STE 300
    NORTHFIELD,IL60093     		N/A PC WHEELCHAIR BASKETBALL PROGRAM 120,000
    AMERICAN FRIENDS OF LEKET ISRAEL INC
    PO BOX 2090
    TEANECK,NJ07666     		N/A PC LOGISTICS CENTER RELOCATION 500,000
    AMERICAN FRIENDS OF MAGEN DAVID ADOM
    3300 PGA BLVD STE 970
    PALM BEACH GARDENS,FL33410     		N/A PC MOBILE INTENSIVE CARE UNIT/DISASTER RELIEF 125,000
    AMERICAN FRIENDS OF THE UNION OF PRO JEWS
    4905 FIFTH AVENUE
    PITTSBURGH,PA15213     		N/A PC TRAIN REFORMED RABBIS IN GERMANY 25,000
    AMERICAN FRIENDS OF VIBE ISRAEL
    101 HUDSON STREET SUITE 2100
    JERSEY CITY,NJ07302     		N/A PC VIBE ISRAEL USA 36,000
    AMERICAN FRIENDS OF YAHAD- IN UNUM
    25 WEST 45TH STREET SUITE 1405
    NEW YORK,NY10036     		N/A PC 2018 DISCRETIONARY GRANT 25,000
    BERNARD ZELL ANSHE EMET DAY SCHOOL
    3751 NORTH BROADWAY ST
    CHICAGO,IL60613     		N/A PC SCHOOL'S CAPITAL CAMPAIGN 60,000
    BERNARD ZELL ANSHE EMET DAY SCHOOL
    3751 NORTH BROADWAY ST
    CHICAGO,IL60613     		N/A PC DAY CAMP 6,000
    BIG BROTHERS BIG SISTERS OF UTAH
    2121 SOUTH STATE STREET
    SALT LAKE CITY,UT84115     		N/A PC MENTORING PROGRAM 100,000
    BOY SCOUTS OF AMERICA
    1275 BEDFORD AVE
    PITTSBURGH,PA15219     		N/A PC SENECA DISTRICT FRIENDS OF SCOUTING 10,000
    BRAIN & BEHAVIOR RESEARCH FOUNDATION
    747 THIRD AVE 33RD FLOOR
    NEW YORK,NY10017     		N/A PC YOUNG INVESTIGATOR PROGRAM GRANT 70,000
    CARING HEARTS MINISTRY
    PO BOX 1620
    CRANBERRY TWP,PA16066     		N/A PC ARMS AROUND AMY CAMPAIGN 10,000
    CHILDREN'S HOSPITAL OF CHICAGO
    225 E CHICAGO AVE
    CHICAGO,IL60611     		N/A PC CHILD LIFE SERVICES 40,000
    CHILDREN'S HOSPITAL OF CHICAGO
    225 E CHICAGO AVE
    CHICAGO,IL60611     		N/A PC PRECISION MEDICINE ONCOLOGY 125,000
    CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION
    4401 PENN AVE
    PITTSBURGH,PA15224     		N/A PC THE PITTSBURGH STUDY (TPS) LAUNCH 250,000
    CONGREGATION BETH SHALOM
    5915 BEACON ST
    PITTSBURGH,PA15217     		N/A PC YOUTH PROGRAM 75,000
    CONNOQUENESSING VALLEY ELEMENTARY PTO
    300 S PITTSBURGH ST
    ZELIENOPLE,PA16063     		N/A PC EDUCATION AND SUPPLIES 5,000
    CURE ALZHEIMER'S FUND
    34 WASHINGTON ST
    WELLESLEY HILLS,MA02481     		N/A PC RESEARCH 75,000
    DEER LAKES TOUCHDOWN CLUB
    PO BOX 97
    RUSSELLTON,PA15076     		N/A PC EDUCATION, EQUIPMENT 10,000
    DUQUESNE UNIVERSITY OF THE HOLY SPIRIT
    409 ADMIN BLDG 600 FORBES AVE
    PITTSBURGH,PA15282     		N/A PC BASKETBALL SCHOLARSHIP 625,000
    EDU NATIONS INC
    8800 PEEBLES RD
    ALLISON PARK,PA15101     		N/A PC EQUIP COMMUNITY MEDICAL CENTER IN AFRICA 10,000
    FEEDING THE GULF COAST
    5248 MOBILE SOUTH ST
    THEODORE,AL36582     		N/A PC HURRICANE MICHAEL RELIEF 50,000
    FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA
    1924 CAPITAL BLVD
    RALEIGH,NC27604     		N/A PC HURRICANE FLORENCE RELIEF 50,000
    FOUNDATION FOR THE DEFENSE OF DEMOCRACIES
    PO BOX 332489
    WASHINGTON,DC20033     		N/A PC GENERAL CAMPAIGN 100,000
    FRIENDS OF IR DAVID
    575 LEXINGTON AVE
    NEW YORK,NY10022     		N/A PC EXCAVATION OF THE SECOND TEMPLE PILGRIMAGE ROAD 150,000
    FRIENDS OF THE DANIEL CENTERS FOR PROGRESSIVE JUDISM
    4108 LELAND ST
    CHEVY CHASE,MD20615     		N/A PC BUILDING AN ISRAEL GROUDNED IN PLURALISM AND EQUALITY 36,000
    FRIENDS OF THE ISRAELI DEFENSE FORCES
    29 EAST MADISON ST
    CHICAGO,IL60602     		N/A PC SPORTS CENTER RENOVATION AT HATZERIM AIR FORCE BASE, SOLDIERS TO CHI 210,000
    FRIENDS OF THE UNITED HATZALAH
    205 E 42ND ST
    NEW YORK,NY10017     		N/A PC LIFE SAVING DISPACTCH AND COMMUNICATIONS DEVICES 36,000
    FUN AND FREEDOM BASKETBALL
    PO BOX 63
    TARENTUM,PA15084     		N/A PC ORGANIZATIONAL GROWTH 5,000
    GRANT A GIFT AUTISM
    630 S RANCHO DR STE D
    LAS VEGAS,NV89106     		N/A PC CAPACITY BUILDING PROGRAM 200,000
    GREATER CHICAGO FOOD DEPOSITORY
    4100 W 42ND PLACE
    CHICAGO,IL60632     		N/A PC HEALTHY STUDENT MARKET 138,000
    GREATER PITTSBURGH COMMUNITY FOOD BANK
    11 LINDEN ST
    DUQUESNE,PA15110     		N/A PC CAREER READINESS SERVICES IN FOOD PANTRIES PILOT 100,000
    HEALTHNETWORK FOUNDATION
    33 RIVER ST
    CHAGRIN FALLS,OH44022     		N/A PC MISSION & LONG RANGE STABILITY 50,000
    HEBREW UNION COLLEGE
    ONE WEST FOURTH ST
    NEW YORK,NY10012     		N/A PC RABBI AARON D PANKEN MEMORIAL CAMPAIGN 250,000
    HOLOCAUST CENTER OF PITTSBURGH
    826 HAZELWOOD AVE
    PITTSBURGH,PA15217     		N/A PC CHUTZ POW VOL 4: WOMEN'S STORIES- COMIC BOOK/EDUCATION 44,000
    ISRAEL CANCER RESEARCH FUND
    2 NORTHFIELD PLAZA
    NORTHFIELD,IL60093     		N/A PC RESPONSIVENESS TO BREAST CANCER ADJUVANT THERAPIES 49,500
    JEWISH COMMUNITY CENTER CHICAGO
    3050 WINDRIDGE RD
    NORTHBROOK,IL60062     		N/A PC CAMP CHI 10,000
    JEWISH FAMILY & CHILDREN'S SERVICES OF PITTSBURGH
    5743 BARTLETT ST
    PITTSBURGH,PA15217     		N/A PC EMPLOYMENT PROJECTS FOR FOOD PANTRY ELIGIBLE CLIENTS 250,000
    JEWISH FEDERATION OF GREATER PITTSBURGH
    234 MCKEE PLACE
    PITTSBURGH,PA15213     		N/A PC SHINSHINIM PROGRAM 100,000
    JEWISH NATIONAL FUND
    60 REVERE DR SUITE 840
    NORTHBROOK,IL60062     		N/A PC GENERAL SUPPORT 150,000
    JEWISH NATIONAL FUND
    902 CLINT MOORE RD- STE 128
    BOCA RATON,FL33487     		N/A PC SPECIAL IN UNIFORM, FIREFIGHTERS, LOTEM, ECOLOGICAL ROOF 211,000
    JOEY'S PAW
    301 BELMONT RD
    BUTLER,PA15006     		N/A PC WHEELCHAIR/PROSTHETICS FUND 2,500
    LIGHT OF LIFE MISSION
    913 WESTERN AVE
    PITTSBURGH,PA15233     		N/A PC MINISTRIES 10,000
    LOWCOUNTRY FOODBANK
    2864 AZALEA DRIVE
    CHARLESTON,SC29405     		N/A PC HURRICANE FLORENCE RELIEF 50,000
    MAKE A WISH GREATER PA AND WV
    GULF TOWER
    PITTSBURGH,PA15219     		N/A PC IN MEMORY OF JEFFREY STUCKLEY 5,000
    NAMI- NATIONAL ALLIANCE FOR MENTAL ILLNESS
    3803 N FAIRFAX DR
    ARLINGTON,VA22203     		N/A PC NAMI HELPLINE AND ASK THE EXPERT 100,000
    NAMI- SOUTHERN NEVADA
    800 N RAINBOW RD 130
    LAS VEGAS,NV89107     		N/A PC 2018 DISCRETIONARY GRANT 10,000
    NATIONAL COUNCIL OF JEWISH WOMEN
    1620 MURRAY AVE
    PITTSBURGH,PA15217     		N/A PC 2018 DISCRETIONARY GRANT 18,000
    NATIONAL MS SOCIETY - KEYSTONE CHAPTER
    1501 REEDSDALE ST
    PITTSBURGH,PA15233     		N/A PC MS 150 ROBERT GLIMCHER 25,000
    NORTH HILLS COMMUNITY OUTREACH
    1975 FERGUSON RD
    ALLISON PARK,PA15101     		N/A PC FOOD PANTRY/BACKPACK PROGRAM 5,000
    NORTHERN ISRAEL CENTER FOR ARTS & TECHNOLOGY
    310 GRANT ST
    PITTSBURGH,PA15219     		N/A PC COMPUTERIZED WAREHOUSE MGMT TRAINING COURSE 35,000
    ONE MIND INSTITUTE
    PO BOX 680
    RUTHERFORD,CA94573     		N/A PC ASPIRE 100,000
    OPPORTUNITY VILLAGE FOUNDATION
    6300 W OAKEY BLVD
    LAS VEGAS,NV89146     		N/A PC OPPORTUNITY VILLAGE OPERATIONAL SUPPORT 50,000
    PAART- PITTSBURGH AVIATION ANIMAL RESCUE TEAM
    15 ALLEGHENY COUNTY AIRPORT
    WEST MIFFLIN,PA15122     		N/A PC DOG DAYS OF SUMMER 5,000
    PALM BEACH POLICE FOUNDATION
    139 N COUNTY RD
    PALM BEACH,FL33480     		N/A PC OPERATING GRANT 35,000
    PAWS ACROSS PITTSBURGH
    346 ORCHARD ST
    SPRINGDALE,PA15144     		N/A PC PET RESCUE 5,000
    PEGGY ADAMS ANIMAL RESCUE LEAGUE
    3200 N MILITARY TRAIL
    WEST PALM BEACH,FL33409     		N/A PC ANIMAL RESCUE SUPPORT 20,000
    PITTSBURGH JEWISH PUBLICATION & EDUCATION FOUNDATION
    5915 BEACON ST
    PITTSBURGH,PA15217     		N/A PC JEWISH CHRONICLE 10,000
    PLANNED PARENTHOOD
    933 LIBERTY AVE
    PITTSBURGH,PA15222     		N/A PC GENERAL OPERATING 10,000
    PRIMARY CHILDREN'S HOSPITAL
    100 NORTH MARIO CAPECCHI DRIVE
    SALT LAKE CITY,UT84113     		N/A PC CHILDREN'S CAMPAIGN 25,000
    SENECA VALLEY BASEBALL BOOSTERS
    159 CROSSING RIDGE TRAIL
    CRANBERRY TWP,PA16066     		N/A PC FUND IMPROVEMENTS TO BASEBALL BUILDING 15,000
    SPERANZA ANIMAL RESCUE
    1712 BRANDT RD
    MECHANICSBURG,PA17055     		N/A PC ANIMAL WELFARE/RESCUE 2,500
    STAND WITH US
    PO BOX 811355
    BOCA RATON,FL33481     		N/A PC ISRAEL EDUCATORS FELLOWSHIP- PHASE 2 75,000
    SUMMIT LAND CONSERVANCY
    PO BOX 1775
    PARK CITY,UT84060     		N/A PC PROTECT AND PRESERVE LAND AND WATER 50,000
    TALK - THE NEW SEX ED
    3945 FORBES AVE STE 424
    PITTSBURGH,PA15213     		N/A PC SEXUAL EDUCATION 5,000
    TEACH FOR AMERICA- LAS VEGAS
    701 BRIDGET AVE
    LAS VEGAS,NV89101     		N/A PC HELP ALLEVIATE TEACHER SHORTAGE, TFA LVV ALUMNI PROGRAMMING 90,000
    THE ANTI CRUELTY SOCIETY
    157 W GRAND AVE
    CHICAGO,IL60654     		N/A PC KENNEL SPONSORSHIP 3,500
    THE CRANBERRY CUP
    PO BOX 1614
    CRANBERRY TWP,PA16060     		N/A PC ASSISTANCE FAMILIES IN NEED 10,000
    THE FRIENDSHIP CIRCLE
    1922 MURRAY AVE
    PITTSBURGH,PA15217     		N/A PC SPECIAL NEEDS PROJECT FOR CHILDREN AND ADULTS 25,000
    THE PITTSBURGH PROMISE
    1901 CENTRE AVE STE 204
    PITTSBURGH,PA15219     		N/A PC SCHOLARSHIP 7,500
    THE STEADMAN CLINIC
    181 W MEADOW DR STE 1000
    VAIL,CO81657     		N/A PC DUCHENNE MUSCULAR DYSTROPHY RESEARCH 125,000
    THREE SQUARE
    4190 N PECOS RD
    LAS VEGAS,NV89115     		N/A PC CHILDHOOD NUTRITION PROGRAMS 100,000
    TRAVIS MILLS FOUNDATION
    89 WATER STREET
    HALLOWELL,ME04347     		N/A PC VETERANS RETREAT PROGRAM 10,000
    TZOHAR SEMINARY
    6404 FORBES AVE
    PITTSBURGH,PA15217     		N/A PC GENERAL OPERATING 5,000
    UCLA- CENTER FOR ASSESSMENT AND PREVENTION OF PRODROMAL STATES
    760 WESTWOOD PLAZA
    LOS ANGELES,CA90095     		N/A PC STAGLIN MUSIC FESTIVAL CTR FOR ASSESSMENT AND PREVENTION OF PRODROMAL STATES 130,000
    UNIVERSITY OF NEVADA LAS VEGAS
    4505 S MARYLAND PKWY
    LAS VEGAS,NV89154     		N/A PC THE PRACTICE 25,000
    UNIVERSITY OF PITTSBURGH
    116 ATWOOD STREET
    PITTSBURGH,PA15260     		N/A PC VARIOUS PROGRAMS 1,875,000
    WESTERN STATE COLORADO UNIVERSITY
    909 E ESCALANTE DR
    GUNNISON,CO81231     		N/A PC GENERAL FINANCIAL SUPPORT 25,000
    WOMEN'S LAW PROJECT
    125 S 9TH STREET RM/STE 300
    PHILADELPHIA,PA19107     		N/A PC THE RIGHTS OF WOMEN AND GIRLS 10,000
    Total .................................bullet 3a 7,900,500
    bApproved for future payment
    FRIENDS OF THE ISRAELI DEFENSE FORCES
    60 EAST 42ND STREET
    NEW YORK,NY10165     		N/A PC GENERAL SUPPORT 125,000
    Total .................................bullet 3b 125,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 ...........     		    14 714,773  
    4 Dividends and interest from securities....     14 2,728,847  
    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.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900099 31,468 14 781,391  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASSTHROUGH INCOME FROM K-1S     		900000 -240,297 01 778,353  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -208,829 5,003,364 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,794,535
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 26,204 26,204   0

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Name of Bond End of Year Book Value End of Year Fair Market Value
    2,416 SHS ISHARES IBOXX HIGH YIELD BOND ETF 195,938 195,938
    30,000 SHS SOCIETE GENERALE 0%21F 29,469 29,469
    22,000 SHS WESTERN ASSET MO 6.75%22 20,240 20,240
    26,000 SHS JPMORGAN CHASE FINL 0%23 27,416 27,416
    30,000 SHS BOFA FIN LLC 0%23 30,110 30,110
    30,000 SHS THE GOLDMAN SACHS G 0%23 30,337 30,337
    34,000 SHS JPMORGAN CHASE FINL 0%23 32,941 32,941
    24,000 SHS TWITTER, INC. 0.25%24 20,962 20,962
    25,000 SHS EZCORP, INC. 2.75%25 19,112 19,112
    21,000 SHS NEXTERA ENERGY P STEP 20 20,109 20,109
    32,000 SHS TUTOR PERINI CO 2.875%21 30,046 30,046
    28,000 SHS ARBOR REALTY TRU 5.25%21 27,207 27,207
    19,000 SHS SM ENERGY CO 1.5%21 17,458 17,458
    24,000 SHS DYCOM INDUSTRIES .75%21 22,324 22,324
    11,000 SHS PDC ENERGY, INC 1.125%21 9,718 9,718
    25,000 SHS NEW YORK MORTGAG 6.25%22 24,430 24,430
    28,000 SHS TWO HARBORS INVE 6.25%22 27,452 27,452
    30,000 SHS GOLDMAN SACH ASS 4.5%22 28,905 28,905
    10,000 SHS PACIRA PHARMACE 2.375%22 9,935 9,935
    11,000 SHS SNYAPTICS .5%22 9,596 9,596
    20,000 SHS APOLLO COMMERCIA 4.75%22 18,867 18,867
    19,000 SHS EXANTAS CAPITAL C 4.5%22 18,430 18,430
    12,000 SHS HANNON ARMSTRON 4.125%22 10,919 10,919
    30,000 SHS II-VI INC .25%22 28,985 28,985
    30,000 SHS GRANITE POINT M 5.625%22 29,760 29,760
    19,000 SHS SUPERNUS PHARMA .625%23 17,720 17,720
    32,000 SHS BOFA FIN LLC .25%23 30,096 30,096
    22,000 SHS FTI CONSULTING INC 2%23 21,495 21,495
    10,000 SHS REDWOOD TRUST, I 4.75%23 9,147 9,147
    33,000 SHS BARCLAYS PLC 0%23F 32,289 32,289
    26,000 SHS BARCLAYS PLC 0%23F 28,663 28,663
    23,000 SHS LUMENTUM HOLDING .25%24 22,752 22,752
    19,000 SHS KAMAN CORP 3.25%24 20,069 20,069
    26,000 SHS ATLAS AIR WORLD 1.875%24 24,819 24,819
    30,000 SHS AIR TRANSPORT S 1.125%24 28,446 28,446
    25,000 SHS AKAMAI TECHNOLO .125%25 22,826 22,826
    30,000 SHS VISHAY INTERTECH 2.25%25 26,779 26,779
    20,000 SHS HCI GROUP, INC. 4.25%37 20,143 20,143
    1,200 SHS GREAT AJAX CORP 7.25%PFD 28,608 28,608
    1,200 SHS READY CAPITAL COR 7%PFD 29,400 29,400

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Name of Stock End of Year Book Value End of Year Fair Market Value
    28,512 SHS INVESCO S&P 500 EQUAL WEIGHT ETF 2,606,041 2,606,041
    8,885 SHS ISHARES CORE HIGH DIVIDEND ETF 749,716 749,716
    6,900 SHS ISHARES INTERNATIONAL SEL DIV ETF 198,099 198,099
    5,939 SHS ISHARES MICRO CAP ETF 489,671 489,671
    5,200 SHS ISHARES MSCI EAFE ETF 305,656 305,656
    6,055 SHS ISHS RUSSELL TOP 200 GR 434,446 434,446
    5,132 SHS ISHARES US PREFERRED STOCK ETF 175,668 175,668
    46,084 SHS PROSHARES S&P 500 DIV ARISTOCRAT ETF 2,789,934 2,789,934
    6,978 SHS VANGUARD FTSE ALL WORLD EX US ETF 318,057 318,057
    11,465 SHS VANGUARD FTSE DEVELOPED MARKETS ETF 425,352 425,352
    12,300 SHS VANGUARD FTSE EMERGING MARKETS ETF 468,630 468,630
    16,355 SHS VANGUARD GROWTH ETF 2,196,967 2,196,967
    20,043 SHS VANGUARD SM CAP GROWTH ETF 3,018,275 3,018,275
    3,799 SHS VANGUARD SM CAP ETF 501,430 501,430
    16,939 SHS VANGUARD SM CAP VALUE ETF 1,932,062 1,932,062
    8,435 SHS VANGUARD VALUE ETF 826,208 826,208
    3,977 SHS VANGUARD FTSE ALL WRLD EX US SM CAP ETF 376,543 376,543
    2,500 SHS ALPHABET INC. 2,589,025 2,589,025
    10,000 SHS BERKSHIRE HATHAWAY 2,041,800 2,041,800
    20,000 SHS CHEVRON CORPORATION 2,175,800 2,175,800
    50,000 SHS CISCO SYSTEMS INC 2,166,500 2,166,500
    80,000 SHS CORNING INC 2,416,800 2,416,800
    35,000 SHS CVS HEALTH CORP 2,293,200 2,293,200
    40,000 SHS DOWDUPONT INC 2,139,200 2,139,200
    10,000 SHS FEDEX CORPORATION 1,613,300 1,613,300
    60,000 SHS GENERAL MOTORS CO 2,007,000 2,007,000
    45,000 SHS INTEL CORP 2,111,850 2,111,850
    12,000 SHS JOHNSON & JOHNSON 1,548,600 1,548,600
    70,000 SHS JOHNSON CTLS INTL 2,075,500 2,075,500
    30,000 SHS JPMORGAN CHASE & CO 2,928,600 2,928,600
    25,000 SHS MICROSOFT CORP 2,539,250 2,539,250
    20,000 SHS NESTLE NA 1,619,200 1,619,200
    50,000 SHS PFIZER INCORPORATED 2,182,500 2,182,500
    50,000 SHS QUALCOMM INC 2,845,500 2,845,500
    45,000 SHS SCHLUMBERGER LTD 1,623,600 1,623,600
    25,000 SHS VERIZON COMMUNICATION 1,405,500 1,405,500
    9,000 SHS 3M COMPANY 1,714,860 1,714,860
    124,999.7130 SHS DFA EMERGING MKTS SMALL 2,342,495 2,342,495
    354,651.9810 SHS DFA INTL VALUE PORT 5,646,060 5,646,060
    100,000 SHS VANGUARD FTSE DEV MKTS ETF 3,710,000 3,710,000
    60,000 SHS VANGUARD FTSE EMER MKTS ETF 2,286,000 2,286,000
    35,000 SHS VANGUARD FTSE EUROPE 1,701,700 1,701,700
    551 SHS ACCENTURE PLC IRELAND CL A 77,697 77,697
    479 SHS ADOBE INC (DELAWARE) 108,369 108,369
    199 SHS ALPHABET INC CL A 207,947 207,947
    448 SHS AMERICAN TOWER CORP REIT 70,869 70,869
    576 SHS AMERIPRISE FINANCIAL INC 60,117 60,117
    163 SHS BLACKROCK INC 64,030 64,030
    1,787 SHS COMCAST CORP NEW CL A 60,847 60,847
    839 SHS DANAHER CORP 86,518 86,518
    530 SHS ECOLAB INC 78,096 78,096
    524 SHS FACEBOOK CL A 68,691 68,691
    461 SHS HOME DEPOT INC 79,209 79,209
    621 SHS HONEYWELL INTL INC 82,047 82,047
    698 SHS INTERCONTINENTALEXCHANGE GROUP 52,580 52,580
    247 SHS LAUDER ESTEE COS CL A 32,135 32,135
    643 SHS LOWES COMPANIES INC 59,387 59,387
    845 SHS MEDTRONIC PLC 76,861 76,861
    1,951 SHS MICROSOFT CORP 198,163 198,163
    1,756 SHS MODELEZ INTL INC. 70,293 70,293
    190 SHS O REILLY AUTOMOTIVE INC 65,423 65,423
    316 SHS PARKER HANNIFIN CORP 47,128 47,128
    895 RED HAT INC 157,198 157,198
    272 SHS ROCKWELL AUTOMATION INC NEW 40,931 40,931
    1,468 SHS SCHLUMBERGER LTD NETHERLANDS ANTILLES 52,965 52,965
    389 SHS THERMO FISHER SCIENTIFIC INC 87,054 87,054
    1,324 SHS TJX COS INC NEW 59,236 59,236
    547 SHS UNITEDHEALTH GROUP INC 136,269 136,269
    571 SHS UNTD TECHNOLOGIES CORP 60,800 60,800
    1,067 SHS VISA INC CL A 140,780 140,780
    968 SHS WALT DISNEY CO (HOLDING CO) DISNEY COM 106,141 106,141
    3,195 SHS ADIENT PLC 48,117 48,117
    5,513 SHS AECOME TECHNOLOGY CORP 146,095 146,095
    5,267 SHS AERCAP HOLDING NV 208,573 208,573
    1,948 AFFILIATED MANAGERS 189,813 189,813
    12,479 SHS AFLAC INC. 568,543 568,543
    4,034 SHS AMERIPRISE FINL 421,029 421,029
    2,399 SHS ANTHEM INC 630,049 630,049
    3,161 SHS ARROW ELECTRONICS 217,951 217,951
    1,812 SHS ASSURANT INC 162,065 162,065
    2,775 SHS AVIS BUDGET GROUP 62,382 62,382
    2,482 SHS BROADCOM INC 631,123 631,123
    4,679 CELANESE CORP 420,970 420,970
    6,787 SHS COMMSCOPE HOLDINGS INC 111,239 111,239
    4,629 SHS CROWN HOLDINGS INC. 192,428 192,428
    4,935 EOG RESOURCES INC 430,381 430,381
    18,195 SHS FLEXTRONICS INTL LTD 138,464 138,464
    8,295 SHS GOODYEAR TIRE RUBBER 169,301 169,301
    5,942 SHS HCA HEALTHCARE INC 739,482 739,482
    2,836 SHS HERTZ RENTAL CAR HOLDING 38,711 38,711
    16,695 SHS JOHNSON CONTROLS INTER 495,007 495,007
    7,551 SHS LINCOLN NTNL CO 387,442 387,442
    7,913 SHS MICROCHIP TECHNOLOGY 569,103 569,103
    4,090 SHS NCR CORP 94,397 94,397
    13,234 SHS NTNL OILWELL VAR 340,114 340,114
    5,632 SHS OWENS ILLINOIS INC 97,096 97,096
    16,287 SHS QURATE RETAIL INC. 317,922 317,922
    15,139 SHS SUNCOR ENERGY INC 423,438 423,438
    1,303 SHS TECH DATA CORP 106,598 106,598
    1,791 SHS TENNECO INC CLASS A 49,055 49,055
    7,174 SHS WESTERN DIGITAL CORP 265,223 265,223
    15,913 SHS WESTERN UNION CO 271,476 271,476
    2,458 SHS WHIRLPOOL CORP 262,686 262,686
    3,824 WILLIS TOWERS WATSON P 580,713 580,713
    5,000 SHS CLEARWAY ENERGY INC. 86,250 86,250
    5,000 SHS ONEOK INC. 269,750 269,750
    1,800 SHS TARGA RESOURCES CORP. 64,836 64,836
    6,000 SHS WILLIAMS COMPANIES 132,300 132,300
    18,600 SHS ANTERO MIDSTREAM G P LP 207,948 207,948
    6,400 SHS NEXTERA ENERGY PARTNE LP 275,520 275,520

    TY 2018 InvestmentsOtherSchedule2
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CERBERUS VI PRIVATE INVESTORS FMV 3,456,203 3,456,203
    OAKTREE OPP DIRECT OFF FMV 1,243,473 1,243,473
    OAKTREE OPP DIRECT OFF CPV FMV 366,000 366,000
    292.097 SHS MESIROW ABSOL RTN FUND, LTD FMV 303,470 303,470
    AG DLI II, LP FMV 1,751,795 1,751,795
    AG DLI, LP FMV 1,849,334 1,849,334
    BLACKROCK ASIA-PACIFIC PCO FMV 375,197 375,197
    CEDAR FAIR FMV 196,415 196,415
    CEDAR STREET EMERGING MARKETS VALUE FUND, LP FMV 2,675,115 2,675,115
    CIRRUSCO FMV 159,031 159,031
    COPPER TRAIL ENERGY FUND I FMV 1,741,678 1,741,678
    CORMORANT PRIV HEALTHCARE FD I LP FMV 7,398,000 7,398,000
    CORMORANT PRIV HEALTHCARE FD II LP FMV 838,186 838,186
    DOMINION ENERGY FMV 98,266 98,266
    ENLIGHTENMENT CAPITAL SOLUTIONS FUND III FMV 46,708 46,708
    ENTERPRISE PRODUCTS PARTNERS FMV 431,504 431,504
    EQM MIDSTREAM PARTNERS FMV 146,028 146,028
    GREENBRIAR EQUITY FUND IV-A FMV 1,201,463 1,201,463
    IBEX BEHAVIORAL FINANCE FUND, LP FMV 2,673,200 2,673,200
    IBEX ISRAEL OPPORTUNITIES FUND II, LLLP FMV 2,343,711 2,343,711
    IBEX PARTNERS (GAUZY) FMV 53,901 53,901
    KAIROS VP II FMV 1,277,072 1,277,072
    KAIROS VP II AIV FMV 86,432 86,432
    KARED III FMV 94,423 94,423
    KASS INVESTORS FMV 677,970 677,970
    KAYNE ANDERSON CORE RE FMV 4,025,383 4,025,383
    KAYNE ANDERSON ENERGY FUND VIII FMV 866,896 866,896
    KAYNE ANDERSON RE PARTNERS V FMV 469,145 469,145
    KAYNE ANDERSON REAL ESTATE DEBT II, L.P. FMV 1,325,316 1,325,316
    KAYNE ANDERSON REAL ESTATE DEBT, L.P. FMV 2,432,888 2,432,888
    KAYNE PARTNERS FUND IV FMV 904,092 904,092
    KKR ACCEL FMV 147,330 147,330
    KKR AMERICAS (KESTREL) FMV 71,604 71,604
    KKR AMERICAS FUND XII FMV 1,298,659 1,298,659
    KKR AMERICAS FUND XII (INDIGO) FMV 187,820 187,820
    KKR AMERICAS XII (FREYA) FMV 69,007 69,007
    KKR ASIAN DELAWARE AIV FMV 65,650 65,650
    KKR ASIAN FUND III FMV 176,786 176,786
    KKR ASIAN FUND III JAPAN FMV 57,175 57,175
    MANIV MOBILITY FMV 1,371,039 1,371,039
    NUSTAR ENERGY FMV 92,996 92,996
    OAKTREE EMERGING MKTS DEBT TOTAL FMV 996,041 996,041
    ORBIMED ISRAEL PARTNERS II, LP FMV 646,570 646,570
    OXBRIDGE PARTNERS FMV 1,157,647 1,157,647
    PFMP K1508 FMV 637,228 637,228
    POINT 406 VENTURES 2016 OPPORTUNITIES FUND LP FMV 1,662,467 1,662,467
    PRIDEROCK FMV 1,376,255 1,376,255
    SPRUCE CAPITAL OXBRIDGE FMV 937,500 937,500
    VELOCITY FUND PARTNERS FMV 950,903 950,903
    WESTERN GAS EQUITY PARTNERS FMV 378,327 378,327

    TY 2018 LegalFeesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSES 5,180 5,180   0


    TY 2018 OtherDecreasesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Description Amount
    UNREALIZED GAIN/(LOSS) 8,794,422


    TY 2018 OtherExpensesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 188,583 188,583   0
    GRANT MANAGEMENT SOFTWARE EXPENSE 5,600 0   5,600


    TY 2018 OtherIncomeSchedule2
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASSTHROUGH INCOME FROM K-1S 538,056 778,353 538,056


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 551,815 551,815   0
    SFO MANAGEMENT FEES 794,115 0   794,115
    OTHER PROFESSIONAL FEES 7,500 0   7,500


    TY 2018 TaxesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 177,056 0   0
    FOREIGN TAXES 22,419 22,419   0