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
BEAZLEY FOUNDATION INCORPORATED
 
Number and street (or P.O. box number if mail is not delivered to street address)3720 BRIGHTON STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTSMOUTH, VA23707
A Employer identification number

54-0550100
B Telephone number (see instructions)

(757) 393-1605
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$46,248,493J 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 208,012 208,012 208,012
4 Dividends and interest from securities... 909,746 909,746 909,746
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 2,165,374
b Gross sales price for all assets on line 6a 13,564,786
7 Capital gain net income (from Part IV, line 2)...  
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 327,694   327,694
12 Total. Add lines 1 through 11........ 3,610,826 1,117,758 1,445,452
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 266,350 112,940   153,410
14 Other employee salaries and wages...... 590,192 74,148   516,043
15 Pension plans, employee benefits....... 215,349 37,095   178,254
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 12,985 6,493   6,492
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 105,538 2,546   12,300
19 Depreciation (attach schedule) and depletion... Click to see attachment 52,849 17,675  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 10,730 2,146   8,584
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 507,780 152,660   355,120
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,761,773 405,703   1,230,203
25 Contributions, gifts, grants paid....... 2,169,526 2,169,526
26 Total expenses and disbursements. Add lines 24 and 25 3,931,299 405,703   3,399,729
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -320,473
b Net investment income (if negative, enter -0-) 712,055
c Adjusted net income (if negative, enter -0-)... 1,445,452
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............. 500 500 500
2 Savings and temporary cash investments......... 117,677 217,186 217,186
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.......... 35,840 60,428 60,428
10a Investments—U.S. and state government obligations (attach schedule) 1,855,106 Click to see attachment2,046,350 2,003,536
b Investments—corporate stock (attach schedule)....... 32,257,410 Click to see attachment32,668,299 37,389,805
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).......... 6,357,016 Click to see attachment5,109,725 5,652,038
14 Land, buildings, and equipment: basis bullet1,236,756
Less: accumulated depreciation (attach schedule) bullet613,517 661,146 Click to see attachment623,239 925,000
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,284,695 40,725,727 46,248,493
Liabilities 17 Accounts payable and accrued expenses.......... 29,576 28,444
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) Click to see attachment1,267,862 Click to see attachment846,007
23 Total liabilities (add lines 17 through 22)......... 1,297,438 874,451
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.................. 39,987,257 39,851,276
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)..... 39,987,257 39,851,276
31 Total liabilities and net assets/fund balances (see instructions). 41,284,695 40,725,727
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
39,987,257
2
Enter amount from Part I, line 27a .....................
2
-320,473
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
315,469
4
Add lines 1, 2, and 3 ..........................
4
39,982,253
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
130,977
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
39,851,276
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  
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 2,896,565 49,713,477 0.058265
2016 2,494,977 46,582,158 0.053561
2015 3,795,581 49,894,509 0.076072
2014 3,417,848 52,598,444 0.064980
2013 3,386,990 50,132,930 0.067560
2
Total of line 1, column (d) .....................
2
0.320438
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
0.064088
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
47,729,842
5
Multiply line 4 by line 3......................
5
3,058,910
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,121
7
Add lines 5 and 6........................
7
3,066,031
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,399,729
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 7,121
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 7,121
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 7,121
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 23,919
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,919
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 18
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 16,780
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet16,780 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
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)
    bulletVA
    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
     
     
    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 addressbulletBEAZLEYFOUNDATION.ORG
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (757) 393-1605

    Located atbullet3720 BRIGHTON STREETPORTSMOUTHVA ZIP+4bullet23707
    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
    LAWRENCE W I'ANSON III TRUSTEE
    2.00     		8,000 0 0
    2510 STANLEY AVE SE
    ROANOKE,VA24014
    P WARD ROBINETT JR SECRETARY
    2.00     		8,000 0 0
    500 CRAWFORD ST
    PORTSMOUTH,VA23704
    DIANE POMEROY GRIFFIN VICE PRESIDE
    2.00     		8,000 0 0
    1 HIGH STREET SUITE 303
    PORTSMOUTH,VA23704
    W ASHTON LEWIS TRUSTEE
    2.00     		8,000 0 0
    3412 WESTERN BRANCH BLVD
    CHESAPEAKE,VA23321
    WHITNEY G SAUNDERS TRUSTEE
    2.00     		8,000 0 0
    705 W WASHINGTON STREET
    SUFFOLK,VA23434
    RICHARD S BRAY PRESIDENT &
    40.00     		210,350 35,928 0
    5409 HIGH ST WEST
    PORTSMOUTH,VA23703
    JOHN FAILES TRUSTEE
    2.00     		8,000 0 0
    5409 HIGH ST WEST
    PORTSMOUTH,VA23703
    CHRISTINE PIERSALL TRUSTEE
    2.00     		8,000 0 0
    222 CENTRAL PARK AVE 1700
    VIRGINIA BEACH,VA23462
    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
    DONNA M RUSSELL SENIOR CTR D
    40.00     		94,800 23,631  
    3720 BRIGHTON ST
    PORTSMOUTH,VA23707
    PATRICIA A CARLSON COMPTROLLER
    40.00     		73,186 17,753  
    3720 BRIGHTON ST
    PORTSMOUTH,VA23707
    MARIE NICOLO EXECUTIVE AS
    40.00     		66,855 11,385  
    3720 BRIGHTON ST
    PORTSMOUTH,VA23707
    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
    48,230,162
    b
    Average of monthly cash balances.......................
    1b
    226,530
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    48,456,692
    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
    48,456,692
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    726,850
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    47,729,842
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,386,492
    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
    2,386,492
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    7,121
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,121
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,379,371
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,379,371
    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
    2,379,371
    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
    3,399,729
    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
    3,399,729
    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
    7,121
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,392,608
    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 2,379,371
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 945,195
    b From 2014...... 876,424
    c From 2015...... 1,342,896
    d From 2016...... 179,896
    e From 2017...... 425,618
    fTotal of lines 3a through e........ 3,770,029
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,399,729
    a Applied to 2017, but not more than line 2a  
    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..... 2,379,371
    e Remaining amount distributed out of corpus 1,020,358
    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 4,790,387
    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 ..........     		0
    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) ...     		945,195
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		3,845,192
    10 Analysis of line 9:
    a Excess from 2014.... 876,424
    b Excess from 2015.... 1,342,896
    c Excess from 2016.... 179,896
    d Excess from 2017.... 425,618
    e Excess from 2018.... 1,020,358
    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:
    THE BEAZLEY FOUNDATION
    3720 BRIGHTON STREET
    PORTSMOUTH,VA23707
    (757) 393-1605
    bThe form in which applications should be submitted and information and materials they should include:
    ALL GRANT PROPOSALS MUST BE DISCUSSED WITH THE PRESIDENT OF THE FOUNDATION OR HIS OR HER DESIGNEE PRIOR TO SUBMISSION. APPLICATIONS WILL BE FORWARDED AFTER DISCUSSION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (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
    ABILITY CENTER OF VIRGINIA
    5825 ARROWHEAD DR STE 201
    VIRGINIA BEACH,VA23465     		NONE 501C3 SUMMER CAMP ENRICHMENT PROGRAM 5,000
    ACADEMY OF MUSIC
    PO BOX 11146
    NORFOLK,VA23517     		NONE 501C3 PARKVIEW STRINGS PROGRAM 35,000
    ACCESS PARTNERSHIP
    PO BOX 41093
    NORFOLK,VA23541     		NONE 501C3 MISSION OF MERCY DENTAL ASSISTANT 5,000
    ACHIEVABLE DREAM
    10858 WARWICK BLVD STE A
    NEWPORT NEWS,VA23601     		NONE 501C3 SEATACK & LYNNHAVEN MIDDLE SCHOOLS 50,000
    AFRICAN AMERICAN HISTORICAL SOCIETY
    PO BOX 2468
    PORTSMOUTH,VA23702     		NONE 501C3 TIMESORTERS WORKSHOP 250
    ATLANTIC SHORES CHRISTIAN SCHOOL
    1217 CENTERVILLE TPKE N
    CHESAPEAKE,VA23320     		NONE 501C3 CONSTRUCTION OF SCHOOL 50,000
    BARRIER ISLANDS CENTER
    PO BOX 206
    MACHIPONGO,VA23405     		NONE 501C3 HISTORIC QUARTER KITCHEN 75,000
    CHESAPEAKE FINE ARTS COMMISSION
    306 CEDAR RD
    CHESAPEAKE,VA23322     		NONE 501C3 CHESAPEAKE ART SHOW 2,655
    CHESAPEAKE PUBLIC SCH FOUNDATION
    312 CEDAR RD
    CHESAPEAKE,VA23322     		NONE 501C3 HAMILTON EDUCATION PROGRAM 5,000
    CHILDRENS CENTER
    300 EXECUTIVE CT
    SUFFOLK,VA23434     		NONE 501C3 EARLY HEAD START FACILITY 30,000
    CHILDRENS HARBOR
    702 LONDON BLVD
    PORTSMOUTH,VA23704     		NONE 501C3 PURCHASE OF WHITEBOARD 1,931
    CHIP OF SOUTH HAMPTON ROADS
    1302 JEFFERSON ST
    CHESAPEAKE,VA23324     		NONE 501C3 INNOVATIVE CENTER 30,000
    CHRISTOPHER NEWPORT UNIVERSITY
    1 UNIVERSITY PLACE
    NEWPORT NEWS,VA23606     		NONE 501C3 COMMITTMENT GRANT 125,000
    COMFORT CREW
    9020 N CAPITAL OF TEXAS
    AUSTIN,TX78759     		NONE 501C3 MILITARY FAMILY SUPPORT 10,000
    EASTERN VA MEDICAL SCHOOL
    PO BOX 1980
    NORFOLK,VA23501     		NONE 501C3 MASS SPECTROMETER 125,000
    FEAR 2 FREEDOM
    PO BOX 6104
    NEWPORT NEWS,VA23606     		NONE 501C3 PURCHASE FREEDOM BEARS 5,000
    FORKIDS INC
    PO BOX 6044
    NORFOLK,VA23508     		NONE 501C3 CAMPAIGN FOR KIDS 75,000
    FORT NELSON CHAPTER DAR
    506 WESTMORELAND AVE
    PORTSMOUTH,VA23707     		NONE 501C3 PAINT CHAPTER HOUSE 5,200
    FRIENDS OF PORTSMOUTH JUVENILE CT
    PO BOX 638
    PORTSMOUTH,VA23705     		NONE 501C3 PURCHASE NEW PRINTER 1,712
    GIVING USA FOUNDATION
    225 W WACKER DR SUITE 650
    CHICAGO,IL60606     		NONE 501C3 ANNUAL CAMPAIGN 2,500
    HAMPTON UNIVERSITY
    200 WILLIAM HARVEY WAY
    HAMPTON,VA23668     		NONE 501C3 PROTON INSTITUTE EQUIPMENT 125,000
    HELP AND EMERGENCY RESPONSE
    PO BOX 2187
    PORTSMOUTH,VA23703     		NONE 501C3 CRISIS INTERVENTION PROGRAM 10,000
    HORIZONS HAMPTON ROADS
    7336 GRANBY STREET
    NORFOLK,VA23505     		NONE 501C3 SUMMER ENRICHMENT PROGRAM 52,500
    IDA BARBOUR LEARNING CENTER
    1400 CAMDEN AVE
    PORTSMOUTH,VA23704     		NONE 501C3 NEW VAN 5,000
    JACOBS LADDER
    PO BOX 555
    URBANNA,VA23175     		NONE 501C3 SUMMER ENRICHMENT PROGRAM 50,000
    JOY MINISTRIES
    PO BOX 65036
    VIRGINIA BEACH,VA23467     		NONE 501C3 LONDON OAKS PROGRAMS 25,000
    LEES FRIENDS
    7400 HAMPTON BLVD
    NORFOLK,VA23505     		NONE 501C3 EMERGENCY HUMANITARIAN GRANT 5,000
    NANSEMOND SUFFOLK ACADEMY
    3373 PRUDEN BLVD
    SUFFOLK,VA23434     		NONE 501C3 COMMITTMENT GRANT 125,000
    NORFOLK BOTANICAL GARDEN
    6700 AZALEA GARDEN ROAD
    NORFOLK,VA23518     		NONE 501C3 BULKHEAD REPAIRS 75,000
    NORFOLK CHRISTIAN SCHOOLS
    255 THOLE ST
    NORFOLK,VA23505     		NONE 501C3 ATHLETIC FIELD 50,000
    NORFOLK COLLEGIATE
    7336 GRANBY STREET
    NORFOLK,VA23505     		NONE 501C3 SCIENCE LABS RENOVATION 100,000
    NORFOLK FRIENDS OF FOSTER CARE
    999 WATERSIDE DR STE 430
    NORFOLK,VA23510     		NONE 501C3 YOUTH ACADEMIC TUTORING 20,000
    OLD DOMINION UNIVERSITY
    4417 MONARCH WAY 4TH FLOO
    NORFOLK,VA23529     		NONE 501C3 DENTAL HYGENIC CLINIC 75,000
    OPERATING BLESSING INTERNATIONAL
    PO BOX 2636
    VIRGINIA BEACH,VA23450     		NONE 501C3 DISASTER RELIEF AID 10,000
    OPPORTUNITY INC
    999 WATERSIDE DR STE 1314
    NORFOLK,VA23510     		NONE 501C3 NEXTGEN REGIONAL INTERNSHIP PROGRAM 15,000
    PHILANTRHOPY ROUNDTABLE
    1120 20TH ST NW STE 550 S
    WASHINGTON,DC20036     		NONE 501C3 ROUNDTABLE ANNUAL MEETING 10,000
    PORTSMOUTH CATHOLIC REGIONAL SCHOOL
    2301 OREGON AVE
    PORTSMOUTH,VA23701     		NONE 501C3 HVAC REPLACEMENTS 42,500
    PORTSMOUTH SCHOOLS FOUNDATION
    801 CRAWFORD STREET
    PORTSMOUTH,VA23704     		NONE 501C3 RIVERQUEST 137,703
    ROC SOLID FOUNDATION
    333B STATION HOUSE ROAD
    CHESAPEAKE,VA23321     		NONE 501C3 NEW BOX TRUCK 13,500
    SOCIETY OF ST ANDREW
    3383 SWEET HOLLOW ROAD
    BIG ISLAND,VA24526     		NONE 501C3 GLEANING NETWORK 5,000
    SOUTHEAST VA COMMUNITY FOUNDATION
    1435 CROSSWAYS BLVD 300
    CHESAPEAKE,VA23320     		NONE 501C3 BEAZLEY FOUNDATION SCHOLARSHIP 1,575
    STARBASE VICTORY
    PO BOX 906
    PORTSMOUTH,VA23705     		NONE 501C3 STEM PROGRAM 15,000
    STONEBRIDGE SCHOOL
    PO BOX 9247
    CHESAPEAKE,VA23321     		NONE 501C3 CAPITAL CAMPAIGN 75,000
    SUFFOLK YOUTH ATHLETIC ASSOCIATION
    PO BOX 3081
    SUFFOLK,VA23439     		NONE 501C3 ATHLETIC FIELD LIGHTING 10,000
    TALMUDICAL ACADEMY OF NORFOLK
    612 COLONIAL AVE
    NORFOLK,VA23507     		NONE 501C3 YESHIVAS AISH KODESH DINNER 2,500
    TIDEWATER COMMUNITY COLLEGE
    121 COLLEGE PL SUITE 604
    NORFOLK,VA23510     		NONE 501C3 NURSING SCHOLARSHIPS DUAL ENROLL 150,000
    TIDEWATER WINDS
    PO BOX 6200
    VIRGINIA BEACH,VA23466     		NONE 501C3 CONCERT SEASON 10,000
    VIRGINIA AQUARIUM CENTER
    717 GENERAL BOOTH BLVD
    VIRGINIA BEACH,VA23451     		NONE 501C3 CAPITAL CAMPAIGN 50,000
    VIRGINIA LEGAL AID SOCIETY
    PO BOX 6200
    LYNCHBURG,VA24505     		NONE 501C3 SECURED HOUSING PROGRAM 35,000
    VIRGINIA WESLEYAN COLLEGE
    5817 WESLEYAN DR
    VIRGINIA BEACH,VA23455     		NONE 501C3 UPGRADE TECHNOLOGY CENTER 75,000
    WESTERN TIDEWATER FREE CLINIC
    2019 MEADE PARKWAY
    SUFFOLK,VA23434     		NONE 501C3 PEANUT STORY 10,000
    WESTMORELAND CHILDREN & YOUTH
    3201 CLOVER HILL DR
    PORTSMOUTH,VA23703     		NONE 501C3 BUDGET 20,000
    WILLIAMS SCHOOL
    419 COLONIAL AVE
    NORFOLK,VA23507     		NONE 501C3 CAPITAL CAMPAIGN 100,000
    YMCA PORTSMOUTH
    4900 HIGH STREET WEST
    PORTSMOUTH,VA23703     		NONE 501C3 SWIM GYM PROGRAM 25,000
    Total .................................bullet 3a 2,169,526
    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 ...........     		    14 208,012  
    4 Dividends and interest from securities....     14 909,746  
    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 ............     		        2,165,374
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    14 2,426  
    bFAIRFIELD ASSOCIATES LLC 531120 12,348      
    cFREEDOM INDUSTRIAL ASSOCIAT 531120 10,348      
    dHGI OPP FUND III LLC 531120 4,264      
    eHGI OPP FUND VII LLC 531120 17,084      
    fHGI OPP SELECT FUND IV LLC 531120 14,764      
    gHGI OPP SELECT FUND V LLC 531120 10,829      
    hHGI OPP SELECT FUND VI LLC 531120 -24,726      
    iHGI OPP SELECT FUND VII LLC 531120 -57,764      
    jHGI US PROPERTY FUND IV LLC 531120 1,657      
    kHGI US PROPERTY FUND V LLC 531120 -8      
    lHRE RETAIL INCOME FUND I LP 531120 10,142      
    mHRE RETAIL INCOME FUND II L 531120 -37,002      
    nKITTY HAWK ASSOCIATES LLC 531120 -3,017      
    oRCC GF LLC 531120 -5,731      
    pRCC MANNING LLC 531120 8,766      
    qRCC OLDE TOWNE MARKETPLACE 531120 766      
    rRCC OLDE TOWNE MARKETPLACE 531120 8,241      
    sTIDEWATER HOLDINGS LLC 531120 343,105      
    tWHEELER REIT LP 531120 11,202      
    12 Subtotal. Add columns (b), (d), and (e).. 325,268 1,120,184 2,165,374
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,610,826
    (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:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING SERVICES 12,985 6,493   6,492

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

    TY 2018 DepreciationSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BLDG-BSC 1956-12-01 96,439 96,439 S/L 34.0000        
    ADDTN-BSC 1974-01-01 56,318 56,318 S/L 10.0000        
    ADDTN-BSC 1974-07-01 9,650 9,650 S/L 10.0000        
    LAND-BSC 1973-12-01 10,715              
    LAND-BSC 1984-10-31 1,771              
    LAND-ADMIN 1984-05-31 46,460              
    SIDING-BSC 1984-03-31 2,000 2,000 S/L 7.0000        
    SHELTER-BSC 1991-03-31 9,616 9,616 S/L 10.0000        
    BLDG-ADMIN 1984-05-31 74,205 62,301 S/L 40.0000 1,854 927    
    SILK PLANTS 1974-07-01 321 321 S/L 8.0000        
    WALNUT DESK 1994-07-01 208 208 S/L 8.0000        
    PED DESK-BSC 1974-07-01 312 312 S/L 8.0000        
    EXEC CHAIR 1974-07-01 161 161 S/L 8.0000        
    CHAIRS-BSC 1994-07-01 307 307 S/L 8.0000        
    SAFE-BSC 1995-07-01 222 222 S/L 8.0000        
    12 CARD 1975-07-01 150 150 S/L 8.0000        
    FILE CABINET 1995-07-01 296 296 S/L 8.0000        
    4 FIRE EXTING 1995-07-01 140 140 S/L 8.0000        
    75 FOLDING 1995-07-01 515 515 S/L 8.0000        
    CARD TABLES 1975-07-01 557 557 S/L 8.0000        
    48 CHAIRS 1975-07-01 575 575 S/L 8.0000        
    CARD TABLES 1975-07-01 183 183 S/L 8.0000        
    MOTOR STAND 1995-07-01 117 117 S/L 8.0000        
    10 FOLDG 1975-07-01 462 462 S/L 8.0000        
    CREDENZA 1995-07-01 208 208 S/L 8.0000        
    FLDG CHAIRS 1976-01-19 172 172 S/L 10.0000        
    PAINT DECK 1976-03-10 190 190 S/L 5.0000        
    FISCH BENCH 1976-08-10 780 780 S/L 10.0000        
    TYPEWRITER 1989-03-14 575 575 S/L 5.0000        
    ROLLINS 1989-05-04 1,264 1,264 S/L 5.0000        
    VACUUM-BSC 1990-05-01 414 414 S/L 5.0000        
    KILN-BSC 1990-07-12 1,006 1,006 S/L 5.0000        
    HI-VAC 1990-10-15 1,672 1,672 S/L 5.0000        
    ELEC STAPLER 1991-02-12 235 235 S/L 5.0000        
    BLACKBD-BSC 1991-05-09 251 251 S/L 5.0000        
    ELEC H2O HTR 1992-07-01 508 508 S/L 5.0000        
    KILN-BSC 1992-09-02 1,124 1,124 S/L 5.0000        
    ELEC STAPLER 1992-06-26 281 281 S/L 5.0000        
    OFFICE CHAIR 1977-01-01 354 354 S/L 8.0000        
    CHAIR-ADMIN 1988-09-06 271 271 S/L 5.0000        
    SHARP 1989-05-31 522 522 S/L 5.0000        
    W SWINTEC 1991-05-09 311 311 S/L 5.0000        
    KILN 1993-04-15 1,254 1,254 S/L 5.0000        
    FLAG POLE 1993-06-07 1,162 1,162 S/L 5.0000        
    PICNIC 1993-06-30 809 809 S/L 5.0000        
    FRED FOUND 1997-10-01 10,963 10,963 S/L 5.0000        
    BSC ADDITION 1993-12-23 198,553 119,132 S/L 40.0000 4,964      
    ARCHITECT FEES 1993-12-23 9,473 5,684 S/L 40.0000 237      
    FENCE 1994-10-13 2,360 2,360 S/L 5.0000        
    URINAL 1994-09-07 1,700 1,700 S/L 5.0000        
    EQUIPMENT 1994-08-05 986 986 S/L 5.0000        
    KILN 1994-03-23 1,379 1,379 S/L 5.0000        
    TV 1994-04-12 496 496 S/L 5.0000        
    DUST 1994-03-30 1,586 1,586 S/L 10.0000        
    WALL IN BACK 1994-02-01 845 845 S/L 10.0000        
    FILE, CHAIRS,T 1994-01-04 1,193 1,193 S/L 7.0000        
    LANDSCAPING 1995-11-27 1,105 1,105 S/L 15.0000        
    REFINISH 1995-07-25 2,385 1,337 S/L 40.0000 59      
    340MB HARD 1995-02-24 836 836 S/L 5.0000        
    PEACHTREE 1996-08-13 874 874 S/L 5.0000        
    LASERJET 1996-05-31 1,029 1,029 S/L 5.0000        
    PEACHTREE 1996-10-01 3,900 3,900 S/L 5.0000        
    PRES OFFICE 1997-11-01 3,850 1,941 S/L 40.0000 1,909      
    LENOX 1997-01-24 4,430 4,430 S/L 5.0000        
    WATER 1997-01-24 390 390 S/L 5.0000        
    GIFTS FOR 1997-05-01 6,305 6,305 S/L 5.0000        
    COMPUTER 1997-06-30 2,767 2,767 S/L 5.0000        
    LAWN MOWER 1997-09-01 209 209 S/L 5.0000        
    BINGO 1997-09-17 5,225 5,225 S/L 5.0000        
    CARPETING 1997-12-22 3,642 3,642 S/L 7.0000        
    CHAIRS 1998-01-27 1,757 1,757 S/L 5.0000        
    TABLE 1998-02-09 258 258 S/L 5.0000        
    COOK STOVE 1998-03-27 872 872 S/L 5.0000        
    KILN VENTS 1998-04-28 3,236 3,236 S/L 5.0000        
    COMPUTER 1998-07-20 1,379 1,379 S/L 5.0000        
    PARKING LOT 1998-06-08 4,985 4,985 S/L 15.0000        
    COMPUTER 1999-01-20 1,117 1,117 S/L 5.0000        
    COMPUTER 1999-01-13 167 167 S/L 5.0000        
    VERTICALS 1999-04-16 505 505 S/L 8.0000        
    VERTICAL 1999-08-25 1,962 1,962 S/L 8.0000        
    CHAIR ADMIN 1999-04-09 151 151 S/L 5.0000        
    COMPUTER 1999-09-09 1,284 1,284 S/L 5.0000        
    COMPUTER 1999-09-30 1,833 1,833 S/L 5.0000        
    COMPUTER 1999-09-30 248 248 S/L 5.0000        
    COMPUTER 1999-09-30 986 986 S/L 5.0000        
    GRILL-BSC 1999-05-03 199 199 S/L 5.0000        
    STEREO-BSC 1999-07-29 261 261 S/L 8.0000        
    LOUD SPEAKERS 1999-02-23 503 503 S/L 8.0000        
    ACOUSTICAL 1999-10-25 5,377 2,442 S/L 40.0000 135      
    REPLACE WALL 2001-05-08 2,050 874 S/L 39.0000 1,176      
    FINISH OLD 2001-06-18 3,024 1,283 S/L 39.0000 77      
    CHAIR 2001-01-03 167 167 S/L 7.0000        
    COMPUTER 2001-03-23 1,409 1,409 S/L 5.0000        
    FILE CABINET 2001-03-31 405 405 S/L 7.0000        
    CHAIR - PARK 2001-04-11 655 655 S/L 7.0000        
    FILE CABINET 2001-04-16 240 240 S/L 7.0000        
    25 FOLDING 2001-05-02 522 522 S/L 7.0000        
    NEW FABRIC ON 2001-06-14 300 300 S/L 7.0000        
    CANON IMAGE 2001-06-30 10,696 10,696 S/L 5.0000        
    COMIDAL IMPACT 2001-08-15 363 363 S/L 5.0000        
    SANDER 2001-11-30 387 387 S/L 5.0000        
    MONITOR 2000-02-07 182 182 S/L 5.0000        
    LASERJET 3150XI 2000-06-13 607 607 S/L 5.0000        
    DEEPER FREEZER 2000-11-15 348 348 S/L 5.0000        
    TV 2000-03-01 282 282 S/L 5.0000        
    CARPET 2000-03-21 3,732 3,732 S/L 5.0000        
    COUNTERTOP 2000-10-29 1,160 1,160 S/L 5.0000        
    MICROWAVE 2000-11-06 103 103 S/L 5.0000        
    COMPUTER 2002-04-24 1,368 1,368 S/L 5.0000        
    COMPUTER 2002-07-12 980 980 S/L 5.0000        
    DIGITAL 2002-07-27 654 654 S/L 5.0000        
    FIREWALL 2002-07-31 580 580 S/L 5.0000        
    COMPUTER 2002-08-08 1,470 1,470 S/L 5.0000        
    DESK SET - EX 2002-08-12 2,269 2,269 S/L 7.0000        
    CHAIR - ACCT 2002-09-10 439 439 S/L 7.0000        
    DESK SET 2002-11-01 5,016 5,016 S/L 7.0000        
    LASER 2002-11-01 281 281 S/L 5.0000        
    2 COMPUTERS 2002-10-28 1,592 1,592 S/L 5.0000        
    20 - CHAIRS 2002-06-21 645 645 S/L 7.0000        
    VACUUM 2003-04-17 646 646 S/L 5.0000        
    PHONE SYSTEM 2003-09-15 3,405 3,405 S/L 5.0000        
    PHONE SYSTEM 2003-12-23 2,967 2,967 S/L 5.0000        
    COMPUTER 2002-07-12 980 980 S/L 5.0000        
    NEW FLOORING 2003-02-12 2,119 810 S/L 39.0000 55      
    ROOF BSC 2004-01-05 2,795 1,003 S/L 39.0000 72      
    MONITOR - 19 INCH 2004-01-16 720 720 S/L 5.0000        
    BANDSAW 2004-02-19 408 408 S/L 5.0000        
    COMPUTER 2004-04-29 1,114 1,114 S/L 5.0000        
    LOVESEATS 2004-09-08 378 378 S/L 5.0000        
    BACKUP TAPE 2004-09-08 653 653 S/L 5.0000        
    HANDICAP RAMP 2005-12-22 3,575 2,860 S/L 15.0000 238      
    LAWN MOWER 2005-05-06 1,389 1,389 S/L 5.0000        
    COMPUTER 2005-09-23 2,736 2,736 S/L 5.0000        
    OFFICE FURNITURE 2006-07-21 3,273 3,273 S/L 7.0000        
    CHAIR 2007-01-29 1,872 1,872 S/L 7.0000        
    DEFIBRILLATOR 2007-03-08 1,715 1,715 S/L 5.0000        
    COMPUTER 2007-10-29 658 658 S/L 5.0000        
    COPIER 2007-11-09 8,159 8,159 S/L 5.0000        
    SECURITY SYSTEM 2007-11-29 2,050 2,050 S/L 5.0000        
    ADM ROOF 2008-04-24 16,920 4,194 S/L 39.0000 434      
    CONDENSER 2008-08-01 3,812 3,812 S/L 5.0000        
    AIR CONDITIONER 2008-09-12 2,100 2,100 S/L 5.0000        
    DISHWASHER/WALL 2008-01-16 1,237 1,237 S/L 5.0000        
    PRINTER 2009-04-14 677 677 S/L 5.0000        
    DESKTOP 2009-05-07 1,403 1,403 S/L 5.0000        
    COPIER - KEN 2009-08-19 1,680 1,680 S/L 5.0000        
    ROOFING - BSC 2011-02-07 4,140 2,864 S/L 10.0000 414      
    HVAC SYSTEM - BSC 2011-06-17 6,318 4,107 S/L 10.0000 632      
    EXTERIOR IMPROVEMENTS - BSC 2011-10-18 2,193   S/L 1.0000 2,193      
    ROOFING - BSC 2010-03-22 13,400 9,527 S/L 10.0000 1,340      
    HVAC SYSTEM 2010-06-25 6,610 4,958 S/L 10.0000 661      
    HVAC SYSTEM - BSC 2010-10-18 5,799 4,156 S/L 10.0000 580      
    WINDOW REPAIR - BSC 2012-01-03 4,383 2,630 S/L 10.0000 438      
    HVAC REPLACEMENT - ADM 2012-06-27 4,490 4,490 S/L 5.0000        
    ROOFING - BSC 2012-12-13 3,680 1,871 S/L 10.0000 368      
    REFRIDGERATOR - ADM 2012-05-01 1,491 1,491 S/L 5.0000        
    TELEVISON - BSC 2012-10-04 2,293 2,293 S/L 5.0000        
    RHEEM A/C UNIT 2013-10-11 7,380 3,137 S/L 10.0000 738      
    RENOVATIONS 2014-12-01 70,582 5,580 S/L 39.0000 1,765 486    
    CARPET 2014-12-01 7,804 4,813 S/L 5.0000 1,561 781    
    ARCHITECTURAL SERV - RENOVATIONS 2014-12-01 35,066 2,772 S/L 39.0000 877 439    
    RENOVATIONS 2014-12-01 92,815 7,338 S/L 39.0000 2,320 1,160    
    GLASS MIRROR 2014-08-01 2,707 1,850 S/L 5.0000 542 271    
    ARCHITECTURAL SERV - RENOVATIONS 2014-12-01 18,836 1,489 S/L 39.0000 471 236    
    SIGN MEDIA 2014-12-01 3,280 506 S/L 20.0000 164 82    
    BATHROOM LIGHTS/MIRROR 2014-12-01 701 309 S/L 7.0000 100 50    
    BATHROOMS RENOVATIONS 2014-12-04 49,514 3,915 S/L 39.0000 1,237 619    
    OFFICE RENOVATIONS 2014-12-04 160,541 12,692 S/L 39.0000 4,014 2,007    
    COMPUTERS 2014-01-30 2,164 1,695 S/L 5.0000 433 217    
    ELECTRONIC SYSTEMS 2014-02-12 2,236 1,752 S/L 5.0000 447 224    
    SLAB ROLLER 2014-04-07 2,140 1,605 S/L 5.0000 427 214    
    COMPUTERS 2014-04-08 5,974 4,480 S/L 5.0000 1,195 598    
    OFFICE FURNITURE 2014-06-05 13,575 6,949 S/L 7.0000 1,939 970    
    OFFICE FURNITURE 2014-06-18 5,600 2,800 S/L 7.0000 800 400    
    WINDOW SHADES 2014-12-01 1,868 823 S/L 7.0000 266 133    
    OFFICE FURNITURE 2014-09-08 6,267 2,984 S/L 7.0000 895 448    
    OFFICE FURNITURE 2014-09-08 15,274 7,273 S/L 7.0000 2,183 1,092    
    COMPUTERS 2014-09-22 992 645 S/L 5.0000 198 99    
    OFFICE CHAIRS 2014-09-26 1,288 598 S/L 7.0000 184 92    
    REFRIGERATOR 2014-10-24 1,649 1,044 S/L 5.0000 330 165    
    CHAIR, BOOKCASE, TABLE 2014-12-02 3,287 1,448 S/L 7.0000 469 235    
    2014 TOYOTA HIGHLANDER 2014-12-16 45,130 27,078 S/L 5.0000 9,026 4,513    
    ATLANTIC ENVIRONMENTAL 2014-12-01 11,420 891 S/L 39.0000 285 143    
    FILE DRAWER 2017-01-23 1,404 257 S/L 5.0000 281 141    
    FURNITURE 2017-05-23 2,205 56 S/L 5.0000 441 220    
    FENCE 2018-08-03 3,920   S/L 15.0000 82 41    
    COPIER 2018-02-22 2,783   S/L 5.0000 464 232    
    PHONE SYSTEM 2018-04-20 5,608   S/L 5.0000 747 374    
    COMPUTER 2018-10-12 877   S/L 5.0000 44 22    
    COMPUTER 2018-10-12 877   S/L 5.0000 44 22    
    COMPUTER 2018-10-12 877   S/L 5.0000 44 22    

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    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    TIG 2018-12 PURCHASE 2018-12   2,737,162 1,976,435     760,727  
    TWM 2018-12 PURCHASE 2018-12   10,824,065 9,422,977     1,401,088  
    LIMITED PARTNERSHIPS 2018-12 PURCHASE 2018-12   3,559       3,559  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITIES AND MUTUAL FUNDS 32,668,299 37,389,805

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    US Government Securities - End of Year Book Value:

    2,046,350
    US Government Securities - End of Year Fair Market Value:

    2,003,536
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CASH EQUIVALENTS AT COST 1,285,215 1,285,215
    PARTNERSHIP INTERESTS AT COST 666,987 1,353,361
    FIXED INCOME INVESTMENTS AT COST 3,157,523 3,013,462

    TY 2018 LandEtcSchedule2
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      1,177,810 613,517 564,293  
      58,946   58,946 925,000


    TY 2018 OtherDecreasesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Amount
    INVESTMENT COST ADJUSTMENT 130,977


    TY 2018 OtherExpensesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES AND SUBSCRIPTIONS 127 24   103
    INSURANCE 19,431 2,080   17,351
    INVESTMENT MGMT FEES 329,198 133,263   195,935
    MEETINGS AND SPONSORSHIPS 39,750 7,950   31,800
    OFFICE SUPPLIES 20,533 3,779   16,754
    PROGRAM SUPPLIES 33,379     33,379
    REPAIRS AND MAINTENANCE 22,258 1,763   20,495
    STAFF DEVELOPMENT 8,740 1,748   6,992
    UTILITIES 34,364 2,053   32,311


    TY 2018 OtherIncomeSchedule2
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 2,426   2,426
    FAIRFIELD ASSOCIATES LLC 12,348   12,348
    FREEDOM INDUSTRIAL ASSOCIATES 10,348   10,348
    HGI OPP FUND III LLC 4,264   4,264
    HGI OPP FUND VII LLC 17,084   17,084
    HGI OPP SELECT FUND IV LLC 14,764   14,764
    HGI OPP SELECT FUND V LLC 10,829   10,829
    HGI OPP SELECT FUND VI LLC -24,726   -24,726
    HGI OPP SELECT FUND VII LLC -57,764   -57,764
    HGI US PROPERTY FUND IV LLC 1,657   1,657
    HGI US PROPERTY FUND V LLC -8   -8
    HRE RETAIL INCOME FUND I LP 10,142   10,142
    HRE RETAIL INCOME FUND II LP -37,002   -37,002
    KITTY HAWK ASSOCIATES LLC -3,017   -3,017
    RCC GF LLC -5,731   -5,731
    RCC MANNING LLC 8,766   8,766
    RCC OLDE TOWNE MARKETPLACE 766   766
    RCC OLDE TOWNE MARKETPLACE II 8,241   8,241
    TIDEWATER HOLDINGS LLC 343,105   343,105
    WHEELER REIT LP 11,202   11,202


    TY 2018 OtherIncreasesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Amount
    CHANGE IN DEFERRED COMP LIABILITY 315,469


    TY 2018 OtherLiabilitiesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED COMPENSATION 1,161,476 846,007
    TAXES PAYABLE 106,386  


    TY 2018 TaxesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 7,120      
    OTHER TAXES 14,846 2,546   12,300
    UNRELATED BUSINESS INC TAX 63,983      
    STATE INCOME TAX 19,589