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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 05-01-2017 , and ending 04-30-2018
Name of foundation
ISADORE & BERTHA GUDELSKY FAMILY FND INC
C/O ARNOLD & PORTER KAYE SCHOLER LLP
Number and street (or P.O. box number if mail is not delivered to street address)601 MASSACHUSETTS AVENUE NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20001
A Employer identification number

52-6036621
B Telephone number (see instructions)

(301) 799-4993
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$11,689,069J Accounting method:
MODIFIED CASH
(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      
4 Dividends and interest from securities... 204,774 204,774  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 580,225
b Gross sales price for all assets on line 6a 2,574,246
7 Capital gain net income (from Part IV, line 2)... 580,225
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........ 784,999 784,999  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 7,572 0   7,572
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 62,365 42,365   20,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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 3,020 20   3,000
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 72,957 42,385   30,572
25 Contributions, gifts, grants paid....... 678,750 678,750
26 Total expenses and disbursements. Add lines 24 and 25 751,707 42,385   709,322
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 33,292
b Net investment income (if negative, enter -0-) 742,614
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 17,242 7,901 7,901
2 Savings and temporary cash investments......... 9,703 1,297 1,297
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) 2,296,748 Click to see attachment507,442 507,442
b Investments—corporate stock (attach schedule)....... 5,491,526 Click to see attachment5,338,003 5,338,063
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment2,248,433 2,248,433
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,441,154 Click to see attachment3,585,933 3,585,933
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,256,373 11,689,009 11,689,069
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 11,256,373 11,689,009
29 Total net assets or fund balances (see instructions)..... 11,256,373 11,689,009
30 Total liabilities and net assets/fund balances (see instructions). 11,256,373 11,689,009
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,256,373
2
Enter amount from Part I, line 27a .....................
2
33,292
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
399,344
4
Add lines 1, 2, and 3 ..........................
4
11,689,009
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,689,009
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a LIQUIDATION OF ABS AND IRONWOOD P    
b BERNSTEIN INVESTMENTS P    
c BERNSTEIN INVESTMENTS P    
d CASH IN LIEU P    
e CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 149,929     149,929
b 476,403   487,780 -11,377
c 1,899,190   1,506,241 392,949
d 27     27
e 48,697     48,697
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       149,929
b       -11,377
c       392,949
d       27
e       48,697
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 2 580,225
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))
2018 734,361 11,056,265 0.066420
2017 738,424 11,790,298 0.062630
2016 755,903 12,543,060 0.060265
2015 670,972 12,269,806 0.054685
2014 626,767 12,134,773 0.051650
2
Total of line 1, column (d) .....................
2
0.295650
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
0.059130
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
11,414,485
5
Multiply line 4 by line 3......................
5
674,938
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,426
7
Add lines 5 and 6........................
7
682,364
8
Enter qualifying distributions from Part XII, line 4,.............
8
709,322
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 (2019)
Form 990-PF (2019)
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 7,426
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 7,426
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,426
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 3,085
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,085
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 122
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,463
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (301) 799-4993

    Located atbullet601 MASSACHUSETTS AVENUE NWWASHINGTONDC ZIP+4bullet20001
    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 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    ARLENE KAUFMAN PRESIDENT
    2.00     		0 0 0
    601 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001
    SHELLEY MULITZ VICE PRESIDENT
    2.00     		0 0 0
    601 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001
    LAURA BRYNA GUDELSKY MULITZ SECRETARY
    2.00     		0 0 0
    601 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001
    MICHAEL FRIEDMAN TREASURER
    2.00     		0 0 0
    601 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001
    PAUL S BERGER BOARD MEMBER
    2.00     		0 0 0
    601 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    11,364,122
    b
    Average of monthly cash balances.......................
    1b
    133,690
    c
    Fair market value of all other assets (see instructions)................
    1c
    90,498
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,588,310
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    11,588,310
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    173,825
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,414,485
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    570,724
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    570,724
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    7,426
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,426
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    563,298
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    563,298
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    563,298
    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
    709,322
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    709,322
    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
    7,426
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    701,896
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 563,298
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 26,278
    b From 2015...... 66,988
    c From 2016...... 139,320
    d From 2017...... 149,055
    e From 2018...... 186,432
    fTotal of lines 3a through e........ 568,073
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 709,322
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 563,298
    e Remaining amount distributed out of corpus 146,024
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 714,097
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		26,278
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		687,819
    10 Analysis of line 9:
    a Excess from 2015.... 66,988
    b Excess from 2016.... 139,320
    c Excess from 2017.... 149,055
    d Excess from 2018.... 186,432
    e Excess from 2019.... 146,024
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    HOPEWORKS OF HOWARD COUNTYCOMMUNITY FOUNDATION OF HC
    9770 PATUXENT WOODS DRIVE
    COLUMBIA,MD21046     		  5 OPERATING SUPPORT 10,000
    ISRAEL GUIDE DOG CENTER FOR THE BLIND
    968 EASTON RD SUITE H
    WARRINGTON,PA18976     		  5 GUIDE DOG PARTNERSHIP 10,000
    COVENANT HOUSE WASHINGTON DC
    2001 MISSISSIPPI AVENUE SE
    WASHINGTON,DC20020     		  5 DISCRETIONARY GRANT - DAPHNE FRIEDMAN 10,000
    STOMP OUT BULLYING DBA LOVE OUR CHILDREN USA
    220 E 57TH STREET 9TH FLOOR - SUITE
    G
    NEW YORK,NY10022     		  PC DISCRETIONARY GRANT - DAPHNE FRIEDMAN 2,500
    JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS
    2700 F STREET NW
    WASHINGTON,DC20566     		  PC MILLENNIUM STAGE 2,500
    NATIONAL GUARD YOUTH FOUNDATION
    ONE MASSACHUSETTS AVE NW SUITE 880
    WASHINGTON,DC20001     		  PC ISADORE AND BERTHA GUDELSKY SCHOLARSHIP 12,000
    JEWISH SOCIAL SERVICE AGENCY
    THE INA KAY BUILDING 200 WOOD HILL
    ROAD
    ROCKVILLE,MD20850     		  PC SAFETY NET SERVICES FOR LOW INCOME FRAIL SENIORS 5,000
    SAVE A CHILDS HEART FOUNDATION INC
    PO BOX 59172
    POTOMAC,MD208599172     		  PC CARDIAC SURGERY FOR A CHILD FROM A DEVELOPING COUNTRY 25,000
    FRIENDSHIP CIRCLE INC
    11621 SEVEN LOCKS ROAD
    POTOMAC,MD208543201     		  PC GENERAL OPERATING SUPPORT 15,000
    UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION INC
    4603 CALVERT ROAD
    COLLEGE PARK,MD20742     		  PC GILDENHORN INSTITUTE FOR ISRAEL STUDIES, GENERAL OPERATING SUPPORT 7,500
    FRIENDS OF YEMIN ORDE
    4340 EAST-WEST HWY SUITE 202
    BETHESDA,MD20814     		  PC THE YEMIN ORDE YOUNG MEN'S LEADERSHIP PROGRAM FOR IMMIGRANT YOUTH (MECHINA) 25,000
    BENDER JEWISH COMMUNITY CENTER OF GREATER WASHINGTON INC
    6125 MONTROSE ROAD
    ROCKVILLE,MD20852     		  PC REPLACEMENT OF THE GUDELSKY INDOOR POOL 5,000
    BENDER JEWISH COMMUNITY CENTER OF GREATER WASHINGTON INC
    6125 MONTROSE ROAD
    ROCKVILLE,MD20852     		  PC THE ISADORE AND BERTHA GUDELSKY EXCEPTIONAL SWIM PROGRAM 30,000
    JEWISH FOUNDATION FOR GROUP HOMES
    1500 EAST JEFFERSON ST
    ROCKVILLE,MD20852     		  PC TRANSITIONING YOUNG ADULTS TO PURSUE HIGHER EDUCATION 20,000
    JEWISH COMMUNITY RELATIONS COUNCIL OF SAN FRANCISCO MARIN & PENINSULA
    1 STEUART STREET SUITE 301
    SAN FRANCISCO,CA94105     		  PC INSTITUTE FOR CURRICULUM SERVICES' GENERAL OPERATING SUPPORT 18,750
    HEIFETZ INTERNATIONAL MUSIC INSTITUTE
    PO BOX 2447
    STAUTON,VA24402     		  PC HEIFETZ INTERNATIONAL MUSIC INSTITUTE: HEIFETZ-ISRAEL PARTNERSHIP PROGRAM 10,000
    ASSOCIATION FOR PARROT CARE CONSERVATION ADOPTIONS RESCUE
    PO BOX 1510
    FRAZIER PARK,CA93225     		  PC ASSOCIATION FOR PARROT C.A.R.E. ( SERENITY PARK SANCTUARY ) 12,000
    HOWARD COUNTY ARTS COUNCIL
    8510 HIGH RIDGE ROAD
    ELLICOTT CITY,MD21043     		  PC HEAD START IN ART 25,000
    INDEPENDENT COLLEGE FUND OF MARYLAND INC
    140 SOUTH STREET
    ANNAPOLIS,MD21401     		  PC THE ISADORE AND BERTHA GUDELSKY FAMILY FOUNDATION SCHOLARSHIP PROGRAM 7,500
    AUTISM SPEAKS
    1990 K STREET NW SECOND FL
    WASHINGTON,DC20006     		  PC SPECTRUM OF SOLUTIONS: IMPROVING TRANSITION INTO ADULTHOOD FOR THE AUTISM COMMUNITY IN THE DMV 10,000
    JEWISH COMMUNITY RELATIONS COUNCIL OF GREATER WASHINGTON
    6101 EXECUTIVE BOULEVARD SUITE 300
    NORTH BETHESDA,MD20852     		  PC JCRC TRANSFORMATIVE CAMPAIGN 35,000
    JEWISH COMMUNITY RELATIONS COUNCIL OF GREATER WASHINGTON
    6101 EXECUTIVE BOULEVARD SUITE 300
    NORTH BETHESDA,MD20852     		  PC GENERAL OPERATING SUPPORT 20,000
    MAKE-A-WISH FOUNDATION OF THE MIDATLANTIC
    5272 RIVER ROAD SUITE 700
    BETHESDA,MD20816     		  PC DISCRETIONARY GRANT - MATTHEW MARKEL 5,000
    AMERICAN JEWISH COMMITTEE
    1156 15TH ST NW
    WASHINGTON,DC20005     		  PC PROJECT INTERCHANGE U.S. MAYORS SEMINAR 20,000
    JEWISH FEDERATION OF GREATER WASHINGTON
    6101 EXECUTIVE BOULEVARD SUITE 100
    NORTH BETHESDA,MD20852     		  PC THE JEWISH FEDERATION OF GREATER WASHINGTON'S ANNUAL CAMPAIGN 200,000
    KENNEDY KRIEGER INSTITUTE
    707 N BROADWAY
    BALTIMORE,MD21205     		  PC HIGH SCHOOL RESOURCE ROOMS 15,000
    CHARLES E SMITH JEWISH DAY SCHOOL
    1901 EAST JEFFERSON ST
    ROCKVILLE,MD20852     		  PC MA'AYAN '17 FOR EDUCATIONAL SUPPORT SERVICES AND TUITION ASSISTANCE 25,000
    CHARLES E SMITH JEWISH DAY SCHOOL
    1901 EAST JEFFERSON ST
    ROCKVILLE,MD20852     		  PC 50TH ANNIVERSARY CES JDS ENDOWMENT BUILDING THE FUTURE 36,000
    JEWISH AGENCY FOR ISRAEL
    48 KING GEORGE STREET
      JERUSALEM91000
    AF     		    MASA ISRAEL JOURNEY 50,000
    Total .................................bullet 3a 668,750
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 204,774  
    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 ............     		    18 580,225  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 784,999 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    784,999
    (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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    ISADORE & BERTHA GUDELSKY FAMILY FND INC
     
    C/O ARNOLD & PORTER KAYE SCHOLER LLP
    EIN:
    52-6036621
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AB BOND INFLATION STRATEGY 65,276 65,276
    AB GLOBAL BOND FUND 1,098,870 1,098,870
    BERNSTEIN INTERM. DURATION PORTOFOLIO 1,084,287 1,084,287

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    ISADORE & BERTHA GUDELSKY FAMILY FND INC
     
    C/O ARNOLD & PORTER KAYE SCHOLER LLP
    EIN:
    52-6036621
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BOEING CO 48,366 48,366
    NORTHROP GRUMMAN CORP 38,645 38,645
    RAYTHEON CO 39,963 39,963
    MAGNA INTERNATIONAL INC 27,966 27,966
    CARNIVAL CORP 17,089 17,089
    COSTCO WHOLESALE CORP 38,446 38,446
    EBAY INC 20,910 20,910
    HOME DEPOT INC 59,506 59,506
    ROSS STORES INC 24,983 24,983
    TJX CO 38,267 38,267
    WALMART INC 50,511 50,511
    NIKE INC 36,862 36,862
    BIOGEN INC 33,926 33,926
    GILEAD SCIENCES INC 28,675 28,675
    MERCK & CO 28,964 28,964
    PFIZER INC 44,518 44,518
    CBS CORP CLASS B NON VOTING 20,664 20,664
    ZOETIS INC 28,216 28,216
    WALT DISNEY CO 23,778 23,778
    EDWARDS LIFESCIENCES 31,203 31,203
    MEDTRONIC PLC 20,754 20,754
    TOTAL SYSTEM SERVICES 21,519 21,519
    ALPHABET INC 139,374 139,374
    COMCAST CORP 51,448 51,448
    MCKESSON CORP 27,962 27,962
    PEPSICO 35,935 35,935
    TYSON FOODS INC. 18,296 18,296
    INTUITIVE SURGICAL 17,190 17,190
    MCDONALD'S CORP 27,460 27,460
    PROCTER & GAMBLE CO 33,349 33,349
    ALTRIA GROUP 41,802 41,802
    AB EMERGING MARKETS 139,435 139,435
    EOG RESOURCES INC 35,924 35,924
    MARATHON PETROLEUM CORP 25,245 25,245
    SCHLUMBERGER LTD 21,596 21,596
    CHEVRON CORP 46,166 46,166
    EXXON MOBIL 29,623 29,623
    CITIGROUP 47,038 47,038
    JP MORGAN CHASE 77,669 77,669
    EVEREST RE GROUP 27,688 27,688
    BANK OF AMERICA CORP 83,567 83,567
    WELLS FARGO & CO 53,779 53,779
    AB INTERNATIONAL SMALL CAP 306,293 306,293
    CME GROUP INC 20,498 20,498
    GOLDMAN SACHS GROUP 37,179 37,179
    S&P GLOBAL INC 29,233 29,233
    SYNCHRONY FINANCIAL 24,645 24,645
    VISA INC 68,388 68,388
    ANTHEM INC 27,139 27,139
    FNF GROUP 14,806 14,806
    UNITEDHEALTH GROUP 43,970 43,970
    PROGRESSIVE CORP 38,465 38,465
    AB INTERNATIONAL STRATEGIC EQUITIES 1,014,890 1,014,890
    DEVON ENERGY CORPORATION 7,339 7,339
    MID AMERICA APARTMENT 30,273 30,273
    SUN COMMUNITIES INC 18,770 18,770
    DOWDUPONT INC 26,434 26,434
    AETNA INC 34,378 34,378
    AMERICAN INTERNATIONAL GROUP 32,760 32,760
    BERNSTEIN INTERNATIONAL 561,412 561,412
    AB DISCOVERY GROWTH FUND 139,165 139,165
    AB DISCOVERY VALUE 135,325 135,325
    AB SMALL CAP CORE 135,082 135,082
    DELTA AIR LINES 23,081 23,081
    NORFOLK SOUTHERN CORP 36,585 36,585
    CISCO SYSTEMS INC 35,476 35,476
    NOKIA CORP 20,458 20,458
    ADOBE 19,501 19,501
    COGNIZANT TECH SOLUTIONS 28,801 28,801
    CIGNA 10,309 10,309
    MICROSOFT CORP 77,341 77,341
    ORACLE 56,128 56,128
    CDW CORP 24,738 24,738
    APPLE INC 98,495 98,495
    HP INC 19,728 19,728
    XEROX CORP 22,487 22,487
    INTEL CORP 35,566 35,566
    TEXAS INSTRUMENTS 34,689 34,689
    XLINX INC 31,799 31,799
    FACEBOOK INC 94,600 94,600
    AMERICAN ELECTRIC POWER 41,988 41,988
    NISOURCE INC 24,170 24,170
    EDISON INTERNATIONAL 22,539 22,539
    CROWN CASTLE INTL CORP 33,186 33,186
    T-MOBILE US INC 14,628 14,628
    CERNER CORP 11,242 11,242
    JOHNSON & JOHNSON 31,117 31,177
    HONEYWELL INTERNATIONAL 38,630 38,630

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    ISADORE & BERTHA GUDELSKY FAMILY FND INC
     
    C/O ARNOLD & PORTER KAYE SCHOLER LLP
    EIN:
    52-6036621
    US Government Securities - End of Year Book Value:

    507,442
    US Government Securities - End of Year Fair Market Value:

    507,442
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2017 InvestmentsOtherSchedule2
    Name:
    ISADORE & BERTHA GUDELSKY FAMILY FND INC
     
    C/O ARNOLD & PORTER KAYE SCHOLER LLP
    EIN:
    52-6036621
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DYNAMIC ASSET OVERLAY PORTFOLIO FMV 3,513,272 3,513,272
    SANDALWOOD OVERSEAS LIQUIDATING SPV SPC LTD FMV 72,661 72,661

    TY 2017 LegalFeesSchedule
    Name:
    ISADORE & BERTHA GUDELSKY FAMILY FND INC
     
    C/O ARNOLD & PORTER KAYE SCHOLER LLP
    EIN:
    52-6036621
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 7,572 0   7,572


    TY 2017 OtherExpensesSchedule
    Name:
    ISADORE & BERTHA GUDELSKY FAMILY FND INC
     
    C/O ARNOLD & PORTER KAYE SCHOLER LLP
    EIN:
    52-6036621
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 3,000 0   3,000
    BANK CHARGES 20 20   0


    TY 2017 OtherIncreasesSchedule
    Name:
    ISADORE & BERTHA GUDELSKY FAMILY FND INC
     
    C/O ARNOLD & PORTER KAYE SCHOLER LLP
    EIN:
    52-6036621
    Description Amount
    UNREALIZED GAINS ON INVESTMENTS 399,344


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    ISADORE & BERTHA GUDELSKY FAMILY FND INC
     
    C/O ARNOLD & PORTER KAYE SCHOLER LLP
    EIN:
    52-6036621
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 20,000 0   20,000
    INVESTMENT FEES 42,365 42,365   0