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
NORWIN S AND ELIZABETH N BEAN
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 326
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MANCHESTER, NH031050326
A Employer identification number

02-6013381
B Telephone number (see instructions)

(603) 625-6464
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$12,207,945J 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 14,745 14,745 14,745
4 Dividends and interest from securities... 349,398 349,398 349,398
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 675,054
b Gross sales price for all assets on line 6a 3,022,513
7 Capital gain net income (from Part IV, line 2)... 187,476
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).......      
12 Total. Add lines 1 through 11........ 1,039,197 551,619 364,143
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 11,375 2,275   9,100
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,500 1,900   7,600
c Other professional fees (attach schedule).... Click to see attachment 129,898 63,775 51,539 66,123
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,385 1,877 1,877 7,508
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 9,147 1,829   7,318
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 169,305 71,656 53,416 97,649
25 Contributions, gifts, grants paid....... 578,712 578,712
26 Total expenses and disbursements. Add lines 24 and 25 748,017 71,656 53,416 676,361
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 291,180
b Net investment income (if negative, enter -0-) 479,963
c Adjusted net income (if negative, enter -0-)... 310,727
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.............      
2 Savings and temporary cash investments......... 214,560 208,096 208,096
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)      
b Investments—corporate stock (attach schedule)....... 11,642,240 Click to see attachment11,939,884 11,999,849
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment250,000 Click to see attachment250,000  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,106,800 12,397,980 12,207,945
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
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..................    
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 12,106,800 12,397,980
30 Total net assets or fund balances (see instructions)..... 12,106,800 12,397,980
31 Total liabilities and net assets/fund balances (see instructions). 12,106,800 12,397,980
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
12,106,800
2
Enter amount from Part I, line 27a .....................
2
291,180
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
12,397,980
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
12,397,980
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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 2 187,476
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 695,489 13,588,830 0.051181
2016 663,864 12,036,538 0.055154
2015 632,108 12,567,167 0.050298
2014 596,332 12,868,698 0.046340
2013 609,832 13,197,538 0.046208
2
Total of line 1, column (d) .....................
2
0.249181
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
0.049836
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
13,092,918
5
Multiply line 4 by line 3......................
5
652,499
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,800
7
Add lines 5 and 6........................
7
657,299
8
Enter qualifying distributions from Part XII, line 4,.............
8
676,361
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 4,800
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  
3 Add lines 1 and 2........................... 3 4,800
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,800
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 6,447
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,447
8 Enter any penalty for underpayment of estimated tax. Check here 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 5,647
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,647 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
    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)
    bulletNH
    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 addressbulletWWW.BEANFOUNDATION.ORG
    14
    The books are in care ofbulletTHOMAS J DONOVAN Telephone no.bullet (603) 625-6464

    Located atbullet900 ELM STREETMANCHESTERNH ZIP+4bullet03105-0326
    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
     
     
    ........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
     
     
    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
    JOHN F DINKEL SENIOR TRUST
    000.00     		0 0 0
    3 BELDENS MILL LANE
    AMHERST,NH03031
    THOMAS J DONOVAN SENIOR TRUST
    000.00     		2,500 0 0
    900 ELM ST
    MANCHESTER,NH03101
    ANNA THOMAS TRUSTEE/BOAR
    000.00     		2,500 0 0
    900 ELM STREET
    MANCHESTER,NH03101
    DAVID CHEN TERM TRUSTEE
    000.00     		1,500 0 0
    900 ELM STREET
    MANCHESTER,NH03101
    LESLEE STEWART TERM TRUSTEE
    000.00     		1,875 0 0
    900 ELM STREET
    MANCHESTER,NH03101
    MARIA MONGAN TERM TRUSTEE
    000.00     		1,500 0 0
    415 N BEND DRIVE
    MANCCHESTER,NH03104
    MICHAEL DELANEY TERM TRUSTEE
    000.00     		1,500 0 0
    900 ELM STREET
    MANCHESTER,NH03101
    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  
    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.............bullet  
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    12,830,976
    b
    Average of monthly cash balances.......................
    1b
    211,327
    c
    Fair market value of all other assets (see instructions)................
    1c
    250,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,292,303
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    13,292,303
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    199,385
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,092,918
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    654,646
    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
    654,646
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    4,800
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,800
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    649,846
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    649,846
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    649,846
    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
    676,361
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    676,361
    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
    4,800
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    671,561
    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 7 649,846
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 460,344
    b Total for prior years:20, 20, 20  
    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........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 676,361
    a Applied to 2017, but not more than line 2a 460,344
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 216,017
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		433,829
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    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).)
    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:
    NORWIN S AND ELIZABETH N BEAN FDN
    40 STARK STREET
    MANCHESTER,NH03101
    (603) 493-7257
    bThe form in which applications should be submitted and information and materials they should include:
    IN ALL CASES APPLICATIONS SHOULD INCLUDE: A COMPLETED BEAN FOUNDATION APPLICATION COVER SHEET. A NARRATIVE WHICH EXPLAINS THE PURPOSE OF THE PROJECT AND DESCRIBES HOW THAT PURPOSE WILL BE ACCOMPLISHED. ITEMIZED INCOME AND EXPENSE BUDGET FOR THE PROJECT INDICATING KNOWN AND PROJECTED SOURCES OF FINANCIAL SUPPORT. LAST AVAILABLE FINANCIAL STATEMENT (PREFERABLY AUDITED) AND CURRENT YEAR'S OPERATING BUDGET FOR THE ORGANIZATION. LISTING OF THE BOARD OF DIRECTORS WITH THEIR PROFESSIONAL AFFILIATIONS. ORGANIZATION'S INTERNAL REVENUE SERVICE EXEMPTION LETTER. BE SURE THE FEDERAL IDENTIFICATION NUMBER IS INCLUDED
    cAny submission deadlines:
    APPLICATION DEADLINE (POSTMARKED BY) GRANTMAKING MEETING DECEMBER 1 FEBRUARY APRIL 1 JUNE SEPTEMBER
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICATIONS ARE ACCEPTED FROM NONPROFIT 501(C)3 ORGANIZATIONS AND MUNICIPAL AND PUBLIC AGENCIES SERVING THE COMMUNITIES OF MANCHESTER AND AMHERST, NEW HAMPSHIRE. PRIORITY CONSIDERATION IS GIVEN TO ORGANIZATIONS OPERATING PRIMARILY IN THOSE TWO COMMUNITIES. HOWEVER, THE FOUNDATION WILL CONSIDER APPLICATIONS FROM STATEWIDE OR REGIONAL ORGANIZATIONS WHICH PROVIDE A SUBSTANTIAL AND DOCUMENTED LEVEL OF SERVICE TO MANCHESTER AND AMHERST. THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS OR PROVIDE SCHOLARSHIP AID. IT ALSO WILL NOT FUND PROGRAMS OR ACTIVITIES WHICH HAVE ALREADY TAKEN PLACE.
    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
    HIGHLAND GOFFS FALLS PTA
    1 BEATRICE LAWRENCE DR
    MANCHESTER,NH03109     		    ORAL HEALTH PROGRAM 8,720
    GIRL SCOUTS GWM
    1 COMMERCE DRIVE
    BEDFORD,NH03110     		    CENTURY COMM LEARNING CTRS 10,000
    CROTCHED MOUNTAIN FOUNDATION
    1 VERNEY DRIVE
    GREENFIELD,NH03047     		    AFTER SCHOOL PROGRAM 7,500
    GRANITE PATHWAYS
    10 FERRY STREET STE 319
    CONCORD,NH03301     		    CHILDRENS SERVICES 20,000
    CATHOLIC MEDICAL CENTER
    100 MCGREGOR STREET
    MANCHESTER,NH03102     		    TREATMENT & RECOVERY CENTER 20,000
    OPPORTUNUTY NETWORKS
    11 CALDWELL DRIVE
    AMHERST,NH03031     		    WELLNESS PROGRAM 10,000
    AMHERST GARDEN CLUB
    11 CHURCH STREET
    AMHERST,NH03033     		    STORAGE BUILDING 4,000
    FOUNDATION FOR HEALTHY COMMUNITY
    125 AIRPORT ROAD
    CONCORD,NH03301     		    RETURN OF 2017 GRANT -13,500
    MANCHESTER HISTORIC ASSOCIATION
    129 AMHERST STREET
    MANCHESTER,NH03101     		    NEWSPAPER COLLECTION ACCESS 25,000
    WEBSTER HOUSE
    135 WEBSTER STREET
    MANCHETSTER,NH03104     		    LIFE SKILLS PROGRAM 9,000
    FRIENDS OF AINE
    15 NORMAND CIRCLE
    BEDFORD,NH03110     		    BEREAVEMENT SUPPORT GROUPS 7,500
    INTERNATIONAL INSTITUTE OF NE
    2 BOYLSTON STREET
    BOSTON,MA02116     		    REFUGEE STABILAZATION 10,000
    PASTORAL COUNSELING SERVICES
    2013 ELM STREET
    MANCHESTER,NH03104     		    HEALTHY COUPLES PROJECT 25,000
    CONGREGATIONAL CHURCH OF AMHERST
    21 TRAILSIDE DRIVE
    AMHERST,NH03031     		    FIRE SUPRESSION SYSTEM 20,000
    CATHOLIC CHARITIES OF NH
    215 MYRTLE STREET
    MANCHESTER,NH03104     		    IMMIGRANT LEGAL SERVICES 25,000
    GRANITE UNITED WAY YOUTH RFP
    22 CONCORD STREET
    MANCHESTERF,NH03101     		    MIDDLE SCHOOL PROGRAMS 25,000
    GRANITE UNITED WAY
    22 CONCORD STREET 2
    MANCHESTER,NH03101     		    SERENITY PLACE RECEIVERSHIP 5,000
    MANCHESTER PROUD
    22 CONCORD WAY
    MANCHESTER,NH03101     		    MSD STRATEGIC PLAN 50,000
    VICTORY WOMEN OF VISION
    25 LOWELL STREET STE 307
    MANCHESTER,NH03101     		    MENTORING PROGRAM 2,500
    BIG BROTHERS BIG SISTERS OF NH
    3 PORTSMOUTH AVE
    STRATHAM,NH03885     		    EXPAND SITE BASED PGM 15,000
    FRIENDS OF STARK PARK
    30 NORTH BAY STREET
    MANCHESTER,NH03104     		    REPLACEMENT OF PARK BENCHES 10,472
    ST JOSEPH COMMUNITY SVCS
    325 DW HIWAY
    MERRIMACK,NH03045     		    COMMINITY DINING PROGRAM 25,000
    MANCHESTER CITY LIBRARY FND
    405 PINE STREET
    MANCHESTER,NH03104     		    ACCESSIBILITY 10,000
    MANCHESTER POLICE ATHLETIC LEAGUE
    406 BEECH STREET
    MANCHESTER,NH03103     		    OPERATIONS & DEVELOPMENT 20,000
    CHILD AND FAMILY SERVICES
    464 CHESTNUT STREET
    MANCHESTER,NH03101     		    IT UPGRADES 20,000
    WINTERKIDS
    5 MAIN STREET
    WESTBROOK,ME04092     		    OUTDOOR ACTIVITY LEARNING 6,000
    HELPING HANDS OUTREACH MINISTRY
    50 LOWELL STREET
    MANCHESTER,NH03101     		    DEVELOPMENT DIRECTOR 20,000
    BOYS GIRLS CLUB SOUHEGAN VALLEY
    56 MONT VERNON ST
    MILFORD,NH03055     		    RESILIENCY RETREAT 20,000
    GIRLS INC NEW HAMPSHIRE
    63 MARKET STREET
    MANCHESTER,NH03101     		    NUTRITION & WELLNWSS PGMS 15,000
    STUDENT CONSERVATION ASSOC
    689 RIVER ROAD
    CHARLESTOWN,NH03603     		    ELEM SCHOOL PROGRAM 5,000
    MANCHESTER FAMILY JUSTICE CTR
    72 CONCORD STREET
    MANCHESTER,NH03101     		    CLIENT CARE COORDINATOR 20,000
    GOODWILL INDUSTRIES OF NNE
    75 WASHINGTON AVE 300
    PORTLAND,ME04101     		    JOB CONNECTION WITH FIT 15,000
    NEW LIFE MINISTRIES OF NE
    782 RIVER ROAD
    MANCHESTER,NH03104     		    ADDICTION SERVICES 5,000
    NEIGHBORWORKS SOUTHERN NH
    801 ELM STREET
    MANCHESTER,NH03101     		    ADDITIONAL SPACE 25,000
    UNHM STEM LAB
    9 EDGEWOOD RD
    DURHAM,NH03824     		    STEM DISCOVERY LAB 23,520
    MAYHEW PROGRAM
    PO BOX 120
    BRISTOL,NH03222     		    ENROLLMENT 8,000
    CASA OF NH
    PO BOX 1327
    MANCHESTER,NH03105     		    INCREASE SERVICES 25,000
    BEAN ENHANCED EDUC FUND
    PO BOX 326
    MANCHESTER,NH03101     		    EDUCATION ENHANCEMENT 10,000
    PULASKI MONUMENT RESTORATION
    PO BOX 3402
    MANCHESTER,NH03109     		    MONUMENT RESTORATION 10,000
    Total .................................bullet 3a 578,712
    bApproved for future payment
    Total .................................bullet 3b  
    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 14,745  
    4 Dividends and interest from securities....     14 349,398  
    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 ............     		        675,054
    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)..   364,143 675,054
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,039,197
    (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:
    NORWIN S AND ELIZABETH N BEAN
     
    FOUNDATION
    EIN:
    02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VACHON CLUKAY & CO PC 9,500 1,900   7,600

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    NORWIN S AND ELIZABETH N BEAN
     
    FOUNDATION
    EIN:
    02-6013381
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    NORHERN TRUST LT GAINS   PURCHASE     2,788,476 2,295,605     492,871  
    NORTHERN TRUST ST GAINS   PURCHASE     41,514 41,599     -85  
    GS DIRECT STRATEGIES Q& A OFFSHORE 2014-01 PURCHASE 2018-06   1,871 1     1,870  
    GS HEDGE FUND PTNRS PLC B SER 1 2014-01 PURCHASE 2018-03   681 1     680  
    GSHEDGE FUND PTNRS II PLCC SER 1 2014-01 PURCHASE 2018-03   2,495 10,253     -7,758  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
     
    FOUNDATION
    EIN:
    02-6013381
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MFB FDS STK INDEX FD 1,034,619 1,187,891
    MFB NTRHRN INT'L EQ INDEX FND 1,196,667 1,165,022
    MFO BLACKROCK HIGH YLD BOND 1,548,765 1,494,181
    MFO CORE FIXED INDEX FUND    
    MFO DELAWARE VALUE FND I 630,794 675,888
    MFO HBR FD CAP APPREC    
    MFO LOEVENER FDS INT'S EQ 575,819 600,940
    MFO DIMENSIONAL FD INT'L VALUE    
    MFB MID CAP INDEX 480,211 456,898
    EMERG MKTS CORE EQUITY 336,138 368,905
    OPPENHEIMER DEV MKTS FDS 455,177 532,226
    MFO INVT DIMEN GROUP INC INT    
    ISHARES US AGGREGATE BOND ETF 1,184,916 1,178,312
    MFO US SMALL CAP PORTFOLIO    
    MFC FLEXSHS MORNINGS GLBL 333,982 385,208
    GS HEDGE FUND PARTNERS II PLCC CL B    
    AMOSKEAG INDUSTRIES, INC 100 SHS 2,250 7,000
    GS DIRECT STRATEGIES QUANTITATIVE &    
    GS HEDGE FUND PARTNERS PLC CL B SERI    
    PIMCO FNDS PAC INVT COMM 389,937 309,847
    VANGUARD INFL PROT SEC FUND    
    I SHS US AGGREGATE BOND ETF    
    NORTHRN FNDS GLOBAL REAL EST 1,046,965 966,839
    DFA INTERNATIONAL VALUE 630,628 596,879
    DOUBLELINE CORE FIXED 1,178,197 1,165,052
    DFA US SMALL CAP I 235,222 240,083
    HARBOR CAPITAL APPRECIATON FUND 679,597 668,678

    TY 2018 OtherAssetsSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
     
    FOUNDATION
    EIN:
    02-6013381
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NOTE RECEIVABLE NH COMMUNITY LOAN 250,000 250,000  


    TY 2018 OtherExpensesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
     
    FOUNDATION
    EIN:
    02-6013381
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OTHER EXPENSES 9,147 1,829   7,318


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
     
    FOUNDATION
    EIN:
    02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MCLANE, GRAF, RAULERSON & MIDDLE 22,593 4,519   18,074
    GRANT MANAGER & EXPENSES 38,586 7,717   30,869
    NORTHERN TRUST MGMT FEES 68,719 51,539 51,539 17,180


    TY 2018 TaxesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
     
    FOUNDATION
    EIN:
    02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES        
    FOREIGN TAX ON DIVIDENDS 9,385 1,877 1,877 7,508