TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
THE ELIZABETH & BARETS O BENJAMIN
CHARITABLE FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)CO SASS 210 PARK AVENUE 2ND FLOOR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
FLORHAM PARK, NJ07932

A Employer identification number

22-3390586

B Telephone number (see instructions)

(973) 302-9700

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$14,098,831J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	94,017		93,879
4	Dividends and interest from securities...	112,059		109,704
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		592,230
b	Gross sales price for all assets on line 6a 3,170,630
7	Capital gain net income (from Part IV, line 2)...			592,230
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........	798,306		795,813
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).........		10,438	0	10,438
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		121,390	81,091	40,299
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		4,523	1,391	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		367	42	325
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	136,718		82,524	51,062
25	Contributions, gifts, grants paid.......	862,000			862,000
26	Total expenses and disbursements. Add lines 24 and 25	998,718		82,524	913,062
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-200,412
b	Net investment income (if negative, enter -0-)			713,289
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	766,391	382,063	382,063
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	905,527	686,912	723,433
	b	Investments—corporate stock (attach schedule).......	4,921,561	4,831,135	9,761,454
	c	Investments—corporate bonds (attach schedule).......	2,524,873	3,023,268	3,229,317
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	8,002	2,564	2,564
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,126,354	8,925,942	14,098,831
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	9,126,354	8,925,942
	29	Total net assets or fund balances (see instructions).....	9,126,354	8,925,942
	30	Total liabilities and net assets/fund balances (see instructions).	9,126,354	8,925,942

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

9,126,354

Enter amount from Part I, line 27a .....................

-200,412

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

8,925,942

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

8,925,942

Form 990-PF (2020)

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	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES	P
b	PUBLICLY TRADED SECURITIES	P
c	CLASS ACTION SETTLEMENT	P	2020-12-03
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	826,311	784,898	41,413
b	2,343,720	1,793,502	550,218
c	12		12
d	587		587
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			41,413
b			550,218
c			12
d			587
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	592,230
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 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	9,915
c	All other domestic foundations enter 1.39% 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	9,915
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	9,915
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	4,840
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,868
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	6,708
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	3
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	3,210
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

NONE

The books are in care of bullet

SHERMAN ATLAS SYLVESTER STAMELMAN Telephone no. bullet

(973) 302-9700

Located at bullet

210 PARK AVENUE 2ND FLOORFLORHAM PARKNJ ZIP+4 bullet

07932

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

16 At any time during calendar year 2020, 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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2020?.............

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)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2020 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 2020.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2020?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
MARY R LASSER	TRUSTEE/PRESIDENT 0.25	0	0	0
333 ELMWOOD AVENUE MAPLEWOOD,NJ07040	TRUSTEE/PRESIDENT 0.25	0	0	0
PETER LASSER	VP/TREAS 2.00	0	0	0
2628 WINDING LANE ATLANTA,GA30319	VP/TREAS 2.00	0	0	0
ANDREW STAMELMAN ESQ	TRUSTEE/SECRETARY 2.00	0	0	0
210 PARK AVENUE 2ND FLOOR FLORHAM PARK,NJ07932	TRUSTEE/SECRETARY 2.00	0	0	0
JULIA WATT-ROSENFELD	TRUSTEE 0.25	0	0	0
163 OCEAN AVENUE 3E BROOKLYN,NY11225	TRUSTEE 0.25	0	0	0
VICKI RUDNITSKY	TRUSTEE 0.25	0	0	0
3852 ALAMANDA DRIVE SARASOTA,FL34238	TRUSTEE 0.25	0	0	0
MADELEINE LASSER	TRUSTEE 0.25	0	0	0
4418 SPRUCE STREET APT L4 PHILADELPHIA,PA19104	TRUSTEE 0.25	0	0	0
JESSE ROSENFELD	TRUSTEE 0.25	0	0	0
748 KING STREET RYE BROOK,NY10573	TRUSTEE 0.25	0	0	0

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...................				0

Form 990-PF (2020)

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
1919 INVESTMENT COUNSEL LLC	INVESTMENT MANAGEMENT AND ADMINISTRATION	81,091
2 LOGAN SQUARE SUITE 1850 PHILADELPHIA,PA19103	INVESTMENT MANAGEMENT AND ADMINISTRATION	81,091
THE PHILANTHROPIC INITIATIVE	CHARITABLE PLANNING	40,199
75 ARLINGTON STREET SUITE 710 BOSTON,MA02116	CHARITABLE PLANNING	40,199

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,281,083

Average of monthly cash balances.......................

499,282

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

12,780,365

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

12,780,365

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

191,705

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

12,588,660

Minimum investment return. Enter 5% of line 5..................

629,433

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.)

Minimum investment return from Part X, line 6....................

629,433

Tax on investment income for 2020 from Part VI, line 5......

9,915

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

9,915

Distributable amount before adjustments. Subtract line 2c from line 1............

619,518

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

619,518

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

619,518

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

913,062

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

913,062

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

913,062

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					619,518
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				174,550
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 913,062
a Applied to 2019, but not more than line 2a				174,550
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 2020 distributable amount.....					619,518
e Remaining amount distributed out of corpus		118,994
5 Excess distributions carryover applied to 2020.		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		118,994
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 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					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 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		118,994
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....	118,994

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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).)

MARY R LASSER

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2020)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BEN SCHOLARSHIP FUND 301 W ATLANTIC AVENUE SUITE 05 DELRAY BEACH DELRAY BEACH,FL33444	NONE	PC	FOR OPERATIONS	166,000
BOSTON FOUNDATION INC 75 ARLINGTON STREET BOSTON,MA02116	NONE	PC	FOR OPERATIONS	696,000
Total ................................. 3a				862,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2020)

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	(e) Related or exempt function income (See instructions.)
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	94,017
4 Dividends and interest from securities....			14	112,059
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 ............			14	592,230
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		798,306	0

13Total. Add line 12, columns (b), (d), and (e)..................

798,306

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Name of Bond	End of Year Book Value	End of Year Fair Market Value
60,000 UNITEDHEALTH GROUP 4.7% 2/15/21	60,447	60,186
60,000 GILEAD SCIENCES INC 4.5% 4/01/21	60,200	60,000
50.000 COCA COLA CO/THE 1.45% 6/01/27	49,939	51,646
45,000 GILEAD SCIENCES INC 1.2% 10/01/27	44,961	45,312
80.000 AT&T INC 1.65% 2/01/28	79,899	81,623
60,000 CELGENE CORP 3.9% 2/20/28	59,485	68,119
65,000 LOWE'S COS INC 1.3% 4/15/28	64,954	65,573
45.000 APPLE INC 0.75% 5/11/23	44,878	45,537
100,000 MERCK & CO INC 2.8% 5/18/23	101,039	106,048
30,000 WELLS FARGO & CO 4.125% 8/15/23	30,011	32,770
90,000 BK OF AMER CORP 4% 4/01/24	90,585	99,905
100,000 ORACLE CORP 3.4% 7/08/24	102,251	109,455
85,000 CITI GROUP INC 0.776% 10/30/24	85,000	85,552
60.000 PNC FINL SVCS 2.2% 11/01/24	59,980	63,767
40,000 GEN MTRS FINL CO 2.9% 2/26/25	39,950	42,717
30,000 INTEL CORP 3.4% 3/25/25	29,954	33,362
100,000 QUALCOMM INC 3.45% 5/20/25	99,255	111,346
45,000 HP INC 2.2% 6/17/25	44,896	47,643
100,000 COCA-COLA CO/THE 2.875% 10/27/25	103,706	110,883
45,000 PROCTER & GAMBLE CO 0.55% 10/29/25	44,927	45,398
100.000 MICROSOFT CORP 3.125% 11/03/25	103,985	111,794
70,000 ARES CAP CORP 3.875% 1/15/26	69,595	75,851
100,000 EXXON MOBIL CORP 3.043% 3/01/26	103,570	110,798
45,000 CHARLES SCHWAB CORP 0.9% 3/11/26	44,945	45,576
40.000 WELLTOWER INC 2.7% 2/15/27	39,957	43,983
45,000 PROLOGIS LP 2.125% 4/15/27	44,779	48,287
100,000 ABBVIE INC 4.25% 11/14/28	107,524	119,891
40,000 BOSTON PPTYS LP 4.5% 12/01/28	39,856	47,842
35,000 AT&T INC 4.35% 3/01/29	34,828	41,743
35,000 BLACKROCK INC 3.25% 4/30/29	34,717	40,344
45,000 AVANGRID INC 3.8% 6/01/29	44,936	51,611
60.000 UNITEDHEALTH GROUP 2.875% 8/15/29	61,206	68,200
40,000 ANTHEM INC 2.875% 9/15/29	39,952	44,470
95,000 HOST HOTELS 3.375% 12/15/29	94,257	97,711
45,000 HALLIBURTON CO 2.92% 3/01/30	44,988	47,428
50.000 VERIZON 1.75% 1/20/31	49,773	49,750
120,000 TOYOTA MTR CR CORP MT 4.25% 1/11/21	121,287	120,078
45,000 CATERPILLAR FINL MTN 0.95% 5/13/22	44,960	45,404
45,000 TOYOTA MTR CR MTN 1.35% B/25/23	44,983	46,200
45,000 BK OF NY MELLON MTN 1.6% 4/24/25	44,983	47,047
100,000 WELLS FARGO & CO MTN 3.55% 9/29/25	102,180	112,334
45,000 PRUDENTIAL FINL MTN 1.5% 3/10/26	44,859	46,691
60,000 MORGAN STANLEY 2.72% 7/22/25	60,071	64,175
45,000 CITIGROUP INC V/R 4/08/26	45,000	49,165
40,000 JPMORGAN CHASE & CO V/R 1/29/27	40,000	45,963
35,000 BK OF MONTREAL 2.5% 6/28/24	34,915	37,305
30,000 RABOBANK NEDERLAND 4.5% 1/11/21	30,156	30,021
70,000 INTI. BK RECON 3.125% 11/20/25	69,612	79,034
40,000 NUTRIEN LTD 4.2% 4/01/29	40,079	47,829
45,000 TORONTO-DOMINION BK 1.15% 6/12/25	44,998	45,950

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Name of Stock	End of Year Book Value	End of Year Fair Market Value
448 HERSHEY CO/THE	65,145	68,244
830 PEPSICO INC	66,372	123,089
489 CINTAS CORP	60,011	172,842
426 LAUDER ESTEE COS INC-A	25,280	113,397
223 EXACT SCIENCES CORP	21,040	29,545
781 MERCK & CO INC	43,414	63,886
101 VERTEX PHARMACEUTICALS INC	22,678	23,870
143 ALNYLAM PHARMA INC	9,695	18,586
247 BECTON DICKINSON & CO	55,947	61,804
2,940 BOSTON SCIENTIFIC CORP	70,844	105,693
21 INTUITIVE SURGICAL INC	10,204	17,180
426 UNITEDHEALH GROUP INC	19,049	149,390
701 DISNEY (THE WALT) COMPANY DEL	87,045	127,007
48 NETFLIX INC	16,924	25,955
25 CHIPOTLE MEXICAN GRILL INC-A	33,616	34,668
184 COSTCO WHOLESALE CORP	25,714	69,328
803 HOME DEPOT INC	61,484	213,293
2,379 TJX COMPANIES INC	50,076	162,462
345 ADOBE INC	41,856	172,541
97 AMAZON.COM INC	84,255	315,922
328 AUTODESK INC	51,997	100,151
2,930 CISCO SYSTEMS INC	107,296	131,117
597 FORTINET INC	75,714	88,672
22 MERCADOLIBRE INC	12,653	36,855
1,758 MICROSOFT CORP	166,227	391,014
658 SALESFORCE COM INC	64,305	146,425
1,391 QUALCOMM INC	94,630	211,905
354 CHEGG INC	13,986	31,977
441 PALO ALTO NETWORKS INC	104,976	156,727
36 SERVICENOW INC	9,793	19,815
111 SPLUNK INC	15,228	18,858
71 VEEVA SYSTEMS INC-CLASS A	10,138	19,330
359 VERISK ANALYTICS INC	59,000	74,525
1.463 BWX TECHNOLOGIES INC	87,665	88,190
86 UNIVERSAL DISPLAY CORP	13,805	19,763
673 THERMO FISHER SCIENTIFIC INC	37,668	313,470
825 DANAHER CORP	33,242	183,265
364 TELEFLEX INC	95,354	149,811
80 TESLA INC	3,044	56,454
475 HONEYWELL INTERNATIONAL INC	66,504	101,032
2,639 APPLE INC	13,015	350,169
319 INTUIT INC	34,260	121,172
329 NVIDIA CORP	65,347	171,804
756 SOLAREDGE TECHNOLOGIES INC	78,856	241,255
791 HEICO CORP CL A	73,263	92,594
350 UNION PACIFIC CORP	14,337	72,877
3,545 BANK OF AMERICA CORP	78,109	107,449
583 CME GROUP INC	94,356	106,135
1.342 JP MORGAN CHASE & CO	64,574	170,528
786 VISA INC-CLASS A SHARES	35,376	171,922
822 CROWN CASTLE INTL CORP NEW COM	27,997	130,854
117 EQUINIX INC	76,181	83,559
2,009 NEXTERA ENERGY INC	91,818	154,994
8,355 ISHARES MSCI SINGAPORE ETF	200,271	179,465
3,832 VANGUARD SMALL CAP VIPERS FUND	580,489	746,014
6,600 VANGUARD FTSE EMERGING MARKETS ETF	300,201	330,726
898 PROLOGIS INC	48,505	89,495
96 ALPHABET INC-CL C	19,228	168,180
400 FACEBOOK INC-A	52,630	109,264
1,986 HANNON ARMSTRONG SUSTAINABLE	67,840	125,972
144 T MOBILE US INC	11,278	19,418
2,220 TRUIST FINANCIAL CORPORATION	76,847	106,405
145 ROKU INC	21,348	48,143
940 NATIONAL VISION HOLDINGS INC	36,047	42,573
168 BEYOND MEAT INC	22,103	21,000
597 REDFIN CORP	10,563	40,972
63 TELADOC HEALTH INC	3,967	12,597
463 IQVIA HOLDINGS INC	66,767	82,956
514 CLOUDFLARE INC - CLASS A	11,252	39,059
167 ALTERYX INC - CLASS A	16,374	20,339
651 SLACK TECHNOLOGIES INC- CL A	13,986	27,498
196 ALARM.COM HOLDINGS INC	12,020	20,276
50 ALPHABET INC/CA-CL A	14,727	101,653
591 UBER TECHNOLOGIES INC	19,458	30,141
876 PAYPAL HOLDINGS INC	12,531	205,159
204 SQUARE INC - A	15,617	44,399
714 AMERICAN WATER WORKS	15,934	109,578
265 AON PLC	61,406	55,987
3,066 CLARIVATE PLC	66,504	91,091
687 EATON CORP PLC	60,342	82,536
269 LINDE PLC	51,556	70,884
625 PAGSEGURO DIGITAL LID-CL A	11,274	35,550
532 CHUBB LTD	53,586	81,885
77 SPOTIFY TECHNOLOGY SA	10,250	24,229
365 YANDEX NV-A	13,638	25,397
95 ALIBABA GROUP HOLDING-SP ADR	19,821	22,109
1.885 GENMAB A/S -SP ADR	56,574	76,644
226 SEA L TD-ADR	6,685	44,985
582 SOFTBANK GROUP-UNSPON ADR	14,268	22,500
320 TENCENT HLDGS LTD-ADR	13,885	23,005

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

US Government Securities - End of Year Book Value:

686,912

US Government Securities - End of Year Fair Market Value:

723,433

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

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

- TIN:

TY 2020 LegalFeesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
SHERMAN ATLAS	10,438	0		10,438

- TIN:

TY 2020 OtherAssetsSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DUE TO/FROM BROKER	8,002	2,564	2,564

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
JPMORGAN CHASE - BANK CHARGES	325	0		325
ADR FEES	42	42		0

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
1919/STATE STREET - INVESTMENT COUNSEL/CUSTODY FEES AND ADMINISTRATION	81,191	81,091		100
TPI CONSULTING - GRANT CONSULTANT FEE	40,199	0		40,199

- TIN:

TY 2020 TaxesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	1,391	1,391		0
FEDERAL EXCISE TAX	3,132	0		0