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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
SHEAR FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)103 GAMMA DRIVE NO 120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15238
A Employer identification number

47-1833006
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$193,928,105J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 981,186 981,186  
4 Dividends and interest from securities... 2,175,669 2,175,669  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,903,442
b Gross sales price for all assets on line 6a 57,389,354
7 Capital gain net income (from Part IV, line 2)... 1,893,250
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -444,513 -98,168  
12 Total. Add lines 1 through 11........ 4,615,784 4,951,937  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 105,000 0   105,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 26,160 0   26,160
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 1,395,398 466,610   928,788
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 111,890 15,890   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 110,446 110,317   129
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,748,894 592,817   1,060,077
25 Contributions, gifts, grants paid....... 7,397,818 7,397,818
26 Total expenses and disbursements. Add lines 24 and 25 9,146,712 592,817   8,457,895
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,530,928
b Net investment income (if negative, enter -0-) 4,359,120
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 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............. 227,051 1,570,888 1,570,888
2 Savings and temporary cash investments......... 1,372,212 5,219,684 5,219,684
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.......... 107,833 40,635 40,635
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 100,532,034 Click to see attachment87,560,894 87,563,894
c Investments—corporate bonds (attach schedule)....... 1,899,867 Click to see attachment1,135,364 1,135,364
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 72,935,908 Click to see attachment98,397,640 98,397,640
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) 177,074,905 193,925,105 193,928,105
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........... 177,074,905 193,925,105
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 177,074,905 193,925,105
30 Total liabilities and net assets/fund balances (see instructions). 177,074,905 193,925,105
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
177,074,905
2
Enter amount from Part I, line 27a .....................
2
-4,530,928
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
21,381,128
4
Add lines 1, 2, and 3 ..........................
4
193,925,105
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
193,925,105
Form 990-PF (2020)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c ALTERNATIVE INVESTMENTS P    
d ALTERNATIVE INVESTMENTS P    
e
(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 20,675,031   21,282,615 -607,584
b 33,285,029   34,203,297 -918,268
c 397,922   9,585 388,337
d 3,031,372   607 3,030,765
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       -607,584
b       -918,268
c       388,337
d       3,030,765
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,893,250
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 60,592
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 60,592
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 60,592
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 40,635
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 110,635
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 283
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 49,760
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet49,760 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRICK ROADARMEL Telephone no.bullet (412) 580-6297

    Located atbullet103 GAMMA DRIVEPITTSBURGHPA ZIP+4bullet15238
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
    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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 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.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BARBARA S SHEAR PRESIDENT
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    GERALD A SHEAR VICE PRESIDENT
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    JOHN A SHEAR VICE PRESIDENT
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    ANDREA GLICKMAN SECRETARY
    40.00     		105,000 26,160 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    HERBERT S SHEAR TREASURER
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    RICHARD L ROADARMEL ASST. SECR./ASST. TREASURER
    0.40     		0 0 0
    103 GAMMA DRIVE SUITE 120
    PITTSBURGH,PA15238
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    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
    SHEAR FAMILY OFFICE MANAGEMENT 928,788
    103 GAMMA DRIVE
    PITTSBURGH,PA15238
    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 (2020)
    Form 990-PF (2020)
    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
    83,522,106
    b
    Average of monthly cash balances.......................
    1b
    5,604,025
    c
    Fair market value of all other assets (see instructions)................
    1c
    97,554,428
    d
    Total (add lines 1a, b, and c).........................
    1d
    186,680,559
    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
    186,680,559
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,800,208
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    183,880,351
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    9,194,018
    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
    9,194,018
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    60,592
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    60,592
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,133,426
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    9,133,426
    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
    9,133,426
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    8,457,895
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,457,895
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,457,895
    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)
    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 9,133,426
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 8,254,902
    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: bullet$ 8,457,895
    a Applied to 2019, but not more than line 2a 8,254,902
    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..... 202,993
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		8,930,433
    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 ......     		0
    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....  
    Form 990-PF (2020)
    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 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    BARBARA S SHEAR
    GERALD A SHEAR
    JOHN A SHEAR
    HERBERT S SHEAR
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    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)
    aPaid during the year
    AMERIAN ISRAEL EDUCATION FUND
    251 H ST NW
    WASHINGTON,DC20001     		N/A PC AIEF 400,000
    AMERICAN FRIENDS OF ISRAEL SPORT CENTER FOR THE DISABLED
    1 NORTHFIELD PLAZA STE 300
    NORTHFIELD,IL60093     		N/A PC REHABILITATION- PHYSICAL AND EMOTIONAL THROUGH SPORTS 120,000
    AMERICAN FRIENDS OF LEKET ISRAEL INC
    PO BOX 2090
    TEANECK,NJ07666     		N/A PC FOOD DISTRIBUTION- COVID SUPPORT 550,000
    AMERICAN FRIENDS OF MAGEN DAVID ADOM
    3300 PGA BLVD STE 970
    PALM BEACH GARDENS,FL33410     		N/A PC MOBILE INTENSIVE CARE UNIT/COVID RELIEF 260,000
    AMERICAN TECHNION SOCIETY
    111 W WASHINGTON ST SUITE 1220
    CHICAGO,IL60602     		N/A PC MEDICAL RESEARCH- COVID 44,000
    ANIMAL PROTECTORS OF ALLEGHENY VALLEY
    533 LINDEN AVE
    NEW KENSINGTON,PA15068     		N/A PC ANIMAL RESCUE SUPPORT 15,000
    BERNARD ZELL ANSHE EMET DAY SCHOOL
    3751 NORTH BROADWAY ST
    CHICAGO,IL60613     		N/A PC SCHOOL'S CAPITAL CAMPAIGN 7,500
    BIG BROTHERS BIG SISTERS OF UTAH
    2121 SOUTH STATE STREET
    SALT LAKE CITY,UT84115     		N/A PC MENTORING PROGRAM 40,000
    BOY SCOUTS OF AMERICA
    1275 BEDFORD AVE
    PITTSBURGH,PA15219     		N/A PC SENECA DISTRICT FRIENDS OF SCOUTING 10,000
    BUTLER COUNTY HUMANE SOCIETY
    1015 EVANS CITY RD
    RENFREW,PA16053     		N/A PC ANIMAL RESCUE SUPPORT 5,000
    CHILDREN'S HOSPITAL OF CHICAGO
    225 E CHICAGO AVE
    CHICAGO,IL60611     		N/A PC PRECISION MEDICINE ONCOLOGY 175,000
    CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION
    4401 PENN AVE
    PITTSBURGH,PA15224     		N/A PC THE PITTSBURGH STUDY (TPS) LAUNCH 100,000
    CLUBHOUSE SUMMIT COUNTY
    PO BOX 680861
    PARK CITY,UT84068     		N/A PC GENERAL GRANT 10,000
    DEER LAKES TOUCHDOWN CLUB
    PO BOX 97
    RUSSELLTON,PA15076     		N/A PC EDUCATION, EQUIPMENT 12,000
    SCHWAB CHARITABLE FUND
    211 MAIN STREET
    SAN FRANCISCO,CA94105     		N/A PC DONOR ADVISED FUNDS 230,000
    EDINBORO UNIVERSITY FOUNDATION
    219 MEADVILLE STREET
    EDINBORO,PA16444     		N/A PC FOOTBALL PROGRAM SUPPORT 8,000
    FOUNDATION FOR THE DEFENSE OF DEMOCRACIES
    PO BOX 332489
    WASHINGTON,DC20033     		N/A PC GENERAL CAMPAIGN 150,000
    FRIENDS OF IR DAVID
    575 LEXINGTON AVE
    NEW YORK,NY10022     		N/A PC OPERATING GRANT, COVID RELIEF 150,000
    FRIENDS OF THE ISRAELI DEFENSE FORCES
    29 EAST MADISON ST
    CHICAGO,IL60602     		N/A PC CORONAVIRUS SUPPORT 293,700
    FRIENDS OF UNITED HATZALAH
    2682 GREEN ROAD
    SHAKER HEIGHTS,OH44122     		N/A PC EMS ORGANIZATION IN ISRAEL 25,000
    GOODWILL SWPA
    118 52ND ST
    PITTSBURGH,PA15201     		N/A PC YOUTHWORKS 10,000
    GRANT A GIFT AUTISM
    630 S RANCHO DR STE D
    LAS VEGAS,NV89106     		N/A PC CORONAVIRUS SUPPORT 25,000
    GREATER CHICAGO FOOD DEPOSITORY
    4100 W 42ND PLACE
    CHICAGO,IL60632     		N/A PC CORONAVIRUS SUPPORT 202,500
    GREATER PITTSBURGH COMMUNITY FOODBANK
    1 LINDEN STREET
    DUQUESNE,PA15110     		N/A PC CORONAVIRUS SUPPORT 202,500
    GROW PITTSBURGH
    6587 HAMILTON AVE 2W
    PITTSBURGH,PA15206     		N/A PC YOUTH PROGRAM- TRAINING URBAN FARMERS- COVID RELIEF 155,000
    HEALTHNETWORK FOUNDATION
    33 RIVER ST
    CHAGRIN FALLS,OH44022     		N/A PC MISSION & LONG RANGE STABILITY 50,000
    INTERMOUNTAIN HEALTHCARE FOUNDATION
    36 SOUTH STATE STREET
    SALT LAKE CITY,UT84111     		N/A PC CORONAVIRUS SUPPORT 152,818
    JEWISH FAMILY & CHILDREN'S SERVICES OF PITTSBURGH
    5743 BARTLETT ST
    PITTSBURGH,PA15217     		N/A PC CORONAVIRUS SUPPORT 400,000
    JEWISH NATIONAL FUND
    902 CLINT MOORE RD- STE 128
    BOCA RATON,FL33487     		N/A PC SPECIAL IN UNIFORM, FIREFIGHTERS 247,000
    JEWISH NATIONAL FUND
    60 REVERE DR SUITE 840
    NORTHBROOK,IL60062     		N/A PC LOTEM COMPUTER FOR EVERY CHILD PROGRAM 82,800
    JOEY'S PAW
    301 BELMONT RD
    BUTLER,PA15006     		N/A PC WHEELCHAIR/PROSTHETICS FUND 5,000
    LIGHT OF LIFE MISSION
    913 WESTERN AVE
    PITTSBURGH,PA15233     		N/A PC MINISTRIES 30,000
    MAKE A WISH GREATER PA AND WV
    GULF TOWER
    PITTSBURGH,PA15219     		N/A PC IN MEMORY OF JEFFREY STUCKLEY 5,000
    NATIONAL ALLIANCE ON MENTAL ILLNESS (NAMI)
    4301 WILSON BLVD SUITE 300
    ARLINGTON,VA22203     		N/A PC ENHANCE TELEHEALTH/CONFERENCE SOFTWARE AND EQUIP- HOTLINE 190,000
    NATIONAL COUNCIL OF JEWISH WOMEN
    1620 MURRAY AVE
    PITTSBURGH,PA15217     		N/A PC CORONAVIRUS SUPPORT 20,000
    NEIGHBORS FOR NEIGHBORS
    119 PRESERVE VALLEY DRIVE
    CRANBERRY TWP,PA16066     		N/A PC HOLIDAY SEASON SUPPORT FOR NEEDY CHILDREN 5,000
    ONE MIND INSTITUTE
    PO BOX 680
    RUTHERFORD,CA94573     		N/A PC ASPIRE 250,000
    PALM BEACH COUNTY FOOD BANK
    525 GATOR LANE
    LANTANA,FL33462     		N/A PC CORONAVIRUS SUPPORT 300,000
    PALM BEACH POLICE AND FIRE FOUNDATION
    139 N COUNTY RD
    PALM BEACH,FL33480     		N/A PC CORONAVIRUS SUPPORT 50,000
    PEGGY ADAMS ANIMAL RESCUE LEAGUE
    3200 N MILITARY TRAIL
    WEST PALM BEACH,FL33409     		N/A PC ANIMAL RESCUE SUPPORT 20,000
    RIVER CITY FOODBANK
    PO BOX 160204
    SACRAMENTO,CA95816     		N/A PC CALIFORNIA FIRE RELIEF 50,000
    SECOND HARVEST FOOD BANK
    201 ST CHARLES AVE 29TH FLOOR
    NEW ORLEANS,LA70170     		N/A PC CORONAVIRUS SUPPORT 125,000
    SECURE COMMUNITY NETWORK
    350 WEST HUBBARD ST
    CHICAGO,IL60654     		N/A PC JEWISH COMMUNITY SECURITY 50,000
    SHALVA
    PO BOX 46375
    CHICAGO,IL60646     		N/A PC PROJECT HOPE- DOMESTIC ABUSE 25,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVE
    MONTGOMERY,AL36104     		N/A PC EDUCATION 5,000
    SPECIAL OLYMPICS OF PA
    200 CEDAR RIDGE DR STE 214
    PITTSBURGH,PA15205     		N/A PC DISABLED ATHLETES 5,000
    TALK - THE NEW SEX ED
    3945 FORBES AVE STE 424
    PITTSBURGH,PA15213     		N/A PC SEX ED 5,000
    THE ANTI CRUELTY SOCIETY
    157 W GRAND AVE
    CHICAGO,IL60654     		N/A PC KENNEL SPONSORSHIP 5,000
    THE CRANBERRY CUP
    PO BOX 1614
    CRANBERRY TWP,PA16060     		N/A PC ASSISTANCE FAMILIES IN NEED 20,000
    THE MEADOWS SCHOOL
    8601 SCHOLAR LANE
    LAS VEGAS,NV89128     		N/A PC 2020 ANNUAL FUND; COVID RELIEF 25,000
    THE STEADMAN CLINIC
    181 W MEADOW DR STE 1000
    VAIL,CO81657     		N/A PC DUCHENNE MUSCULAR DYSTROPHY RESEARCH 100,000
    THE UNIVERSITY OF PENNSYLVANIA
    3535 MARKET STREET STE 750
    PHILADELPHIA,PA19104     		N/A PC MEDICAL RESEARCH 100,000
    THREE SQUARE FOOD BANK
    4190 N PECOS RD
    LAS VEGAS,NV89115     		N/A PC CORONAVIRUS SUPPORT 100,000
    UCLA FOUNDATION
    760 WESTWOOD PLAZA
    LOS ANGELES,CA90095     		N/A PC CAPPS RESEARCH 175,000
    UNIVERSITY OF COLORADO
    1800 N GRANT ST ATE 725
    DENVER,CO80203     		N/A PC MEDICAL RESEARCH 200,000
    UNIVERSITY OF NEVADA LAS VEGAS
    4505 S MARYLAND PKWY
    LAS VEGAS,NV89154     		N/A PC THE PRACTICE - MENTAL HEALTH TRAINING CLINIC 125,000
    UNIVERSITY OF PITTSBURGH
    116 ATWOOD STREET
    PITTSBURGH,PA15260     		N/A PC VARIOUS PROGRAMS 1,275,000
    Total .................................bullet 3a 7,397,818
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    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
    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 ...........     		    14 981,186  
    4 Dividends and interest from securities....     14 2,175,669  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900099 10,192 14 1,893,250  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASSTHROUGH INCOME FROM K-1S     		  -540,165 01 -98,168  
    bOTHER INCOME         193,820
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -529,973 4,951,937 193,820
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,615,784
    (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.)
    11B OTHER INCOME RELATED TO FURTHURING THE FOUNDATION'S EXEMPT PURPOSE
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Name of Bond End of Year Book Value End of Year Fair Market Value
    15,000 SHS MORGAN STANLEY 0.25%24 19,265 19,265
    20,000 SHS EURONET WORLDWIDE 0.75%49 22,547 22,547
    20,000 SHS JPMORGAN CHASE FINL 0%23 42,879 42,879
    20,000 SHS KAMAN CORP 3.25%24 23,026 23,026
    20,000 SHS NOVA MEASURING INS0% 25F 22,647 22,647
    25,000 SHS ATLAS AIR WORLD 1.875%24 28,600 28,600
    25,000 SHS CALLAWAY GOLF CO 2.75%26 40,083 40,083
    25,000 SHS PETIQ, INC. 4%26 36,965 36,965
    25,000 SHS THE GREENBRIER 2.875%24 25,195 25,195
    25,000 SHS VISHAY INTERTECH 2.25%25 26,005 26,005
    25,000 UBER TECHNOLOGIES 0%25 25,854 25,854
    26,000 SHS BARCLAYS PLC 0%23F 39,211 39,211
    30,000 SHS AKAMAI TECHNOLO 0.375%27 33,366 33,366
    30,000 SHS BARCLAYS PLC 0%23F 41,918 41,918
    30,000 SHS BOFA FIN LLC 0%23 35,895 35,895
    30,000 SHS INSIGHT ENTERPRI 0.75%25 38,025 38,025
    30,000 SHS LUMINEX CORP 29,792 29,792
    30,000 SHS NUVASIVE, INC. 0.375%25 29,054 29,054
    31,000 SHS JPMORGAN CHASE FINL 0%23 46,641 46,641
    32,000 SHS INTERDIGITAL INC 2%24 33,446 33,446
    33,000 SHS CITIGROUP INC 0%27 34,244 34,244
    35,000 SHS BARCLAYS PLC 0%25F 38,966 38,966
    35,000 SHS BIOMARIN PHARMAC 1.25%27 36,378 36,378
    35,000 SHS CITIGROUP INC 0%27 37,288 37,288
    35,000 SHS CITIGROUP INC 0%27 35,672 35,672
    35,000 SHS CREDIT SUISSE GROU0% 27F 37,893 37,893
    35,000 SHS CREDIT SUISSE GROU0%27F 33,651 33,651
    35,000 SHS PACIRA BIOSCIENCE 0.75%25 39,255 39,255
    35,000 SHS SMART GLOBAL 39,882 39,882
    35,000 SHS WELLS FARGO FIN 0.25%24 37,347 37,347
    40,000 SHS BONA FIN LLC 0%24 41,747 41,747
    40,000 SHS LIBERTY BROADBAN 1.25%50 40,615 40,615
    40,000 SHS PARSONS CORP 0.25%25 42,012 42,012

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,010 SHS HONEYWELL INTL INC 214,824 217,824
    1,073 SHS SALESFORCE.COM INC 238,775 238,775
    1,081 SHS ISHARES MICRO CAP ETF 128,261 128,261
    1,125 SHS AMERICAN TOWER CORP REIT 252,518 252,518
    1,164 SHS ACCENTURE PLC IRELAND CL A 304,048 304,048
    1,337 SHS AMERIPRISE FINANCIAL INC 259,819 259,819
    1,339 SHS LOWES COMPANIES INC 214,923 214,923
    1,412 SHS UNITEDHEALTH GROUP INC 474,912 474,912
    1,467 SHS INTERCONTINENTALEXCHANGE GROUP 169,130 169,130
    1,500 SHS ALPHABET INC. 2,627,820 2,627,820
    1,593 SHS ISHARES RUSSELL TOP 200 GROWTH ETF 211,933 211,933
    1,800 SHS CHENIERE ENERGY INC 108,054 108,054
    1,811 SHS VANGUARD SM CAP GROWTH 484,732 484,732
    1,844 SHS FIDELITY NAT'T INFO SVCS 260,852 260,852
    1,914 SHS VISA INC CL A 418,649 418,649
    10,000 SHS FEDEX CORPORATION 2,596,200 2,596,200
    10,000 SHS JOHNSON & JOHNSON 1,573,800 1,573,800
    11,500 SHS MICROSOFT CORP 2,557,830 2,557,830
    14,000 SHS CLEARWAY ENERGY INC. 447,020 447,020
    152,000 SHS VANGUARD FTSE EMER MKTS ETF 5,512,100 5,512,100
    17,600 SHS TARGA RESOURCES CORP. 464,288 464,288
    19,000 SHS QUALCOMM INC 2,894,460 2,894,460
    2,169 SHS VANGUARD SMALL CAP GROWTH ETF 580,555 580,555
    2,273 SHS FACEBOOK CL A 620,893 620,893
    2,444 SHS MEDTRONIC PLC 286,290 286,290
    2,545 SHS MODELEZ INTL INC. 148,806 148,806
    2,696 SHS ISHARES IBOXX HIGH YIELD BOND ETF 235,361 235,361
    2,795 SHS ISHARES MSCI EAFE ETF 203,923 203,923
    2,966 SHS VGRD FTSE ALL WRLD EX US SML CAP ETF 361,377 361,377
    20,000 SHS CHEVRON CORPORATION 1,689,000 1,689,000
    20,000 SHS JP MORGAN CHASE & CO 2,541,400 2,541,400
    23,652,137.1990 SHS SCHWAB US TRSY MONEY INV 23,652,137 23,652,137
    247 SHS SHERWIN WILLIAMS CO 181,523 181,523
    285 SHS AMAZON.COM INC 928,225 928,225
    29,600 SHS WILLIAMS COMPANIES 593,480 593,480
    3,475 SHS VANGUARD SM CAP VALUE ETF 494,180 494,180
    30,000 DUPONT DE NEMOURS INC 2,133,300 2,133,300
    30,000 SHS CITIGROUP INC 1,849,800 1,849,800
    309 SHS COSTCO WHOLESALE CORP 116,425 116,425
    4,465 SHS MICROSOFT CORP 993,105 993,105
    4,483 SHS TJX COS INC NEW 284,715 284,715
    4,498 SHS COMCAST CORP NEW CL A 235,695 235,695
    4,619 SHS VANGUARD GROWTH ETF 1,170,177 1,170,177
    4,852 SHS VANGUARD FTSE ALL WORLD EX US ETF 283,163 283,163
    4,911 SHS APPLE INC 651,641 651,641
    40,000 SHS CVS HEALTH CORP 2,732,000 2,732,000
    40,000 SHS SCHLUMBERGER LTD 873,200 873,200
    404 SHS ROCKWELL AUTOMATION INC NEW 101,327 101,327
    407 SHS LAUDER ESTEE COS CL A 108,339 108,339
    435 SHS ALPHABET INC CL A 762,398 762,398
    45,000 SHS CORNING INC 1,620,000 1,620,000
    480 SHS O REILLY AUTOMOTIVE INC 217,234 217,234
    5,400 SHS ATLANTICA YIELD PLC 205,092 205,092
    50,000 SHS CISCO SYSTEMS INC 2,237,500 2,237,500
    55,000 SHS GENERAL MOTORS CO 2,290,200 2,290,200
    55,000 SHS PFIZER INCORPORATED 2,024,550 2,024,550
    6,251 SHS ISHARES PREFERRED INCOME SEC ETF 240,726 240,726
    634 SHS VANGUARD SM CAP ETF 123,427 123,427
    656 SHS ADOBE INC (DELAWARE) 328,079 328,079
    7,575 SHS VANGUARD VALUE ETF 901,122 901,122
    7,600 SHS PEMBINA PIPELINE CO 179,816 179,816
    7,990 SHS ISHARES INTERNATIONAL DIV ETF 235,465 235,465
    739 SHS THERMO FISHER SCIENTIFIC INC 385,888 385,888
    740 SHS HOME DEPOT INC 196,559 196,559
    8,000 SHS BERKSHIRE HATHAWAY 1,854,960 1,854,960
    8,074 SHS VANGUARD FTSE EMERGING MARKETS ETF 404,588 404,588
    8,100 SHS VANGUARD FTSE DEVELOPED MARKETS ETF 382,401 382,401
    8,800 SHS NEXTERA ENERGY PARTNER LP 590,040 590,040
    8,830 SHS ISHARES CORE HIGH DIVIDEN ETF 774,126 774,126
    859 SHS DOLLAR GEN CORP NEW 180,648 180,648
    88,000 SHS VANGUARD FTSE DEV MKTS 4,154,480 4,154,480
    9,000 SHS ONEOK INC. 345,420 345,420
    902 SHS PARKER HANNIFIN CORP 245,714 245,714
    970 SHS DANAHER CORP 215,476 215,476

    TY 2020 InvestmentsOtherSchedule2
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    406 VENTURES IV FMV 168,500 168,500
    406 VENTURES OPPORTUNITY FUND I FMV 2,759,361 2,759,361
    406 VENTURES OPPORTUNITY FUND II FMV 105,476 105,476
    ACCOUNT 1703 FMV 3,946 3,946
    AG DIRECT LENDING FUND II FMV 1,936,714 1,936,714
    AKKR EMERGING BUYOUT PARTNERS FMV 110,756 110,756
    ANGELO GORDON DIRECT LENDING FMV 1,300,612 1,300,612
    BLACKROCK APCO FMV 1,819,355 1,819,355
    BROOKFIELD NEUBERGER FMV 233,010 233,010
    CEDAR STREET FMV 3,196,861 3,196,861
    CERBERUS FMV 4,012,710 4,012,710
    CHICAGO VENTURES FUND III FMV 466,659 466,659
    COPPERTRAIL ENERGY FMV 772,220 772,220
    CORMORANT HEALTHCARE FUND I FMV 10,529,837 10,529,837
    CORMORANT HEALTHCARE FUND III FMV 446,360 446,360
    CORMORANT HEALTHCARE II FMV 9,581,601 9,581,601
    ENERGY TRANSFER FMV 309,000 309,000
    ENLIGHTENMENT CAPITAL FUND III FMV 1,624,449 1,624,449
    ENTERPRISE PARTNERS FMV 599,454 599,454
    GAUZY FUND FMV 56,307 56,307
    GRAYCLIFF LLC FMV 1,801,897 1,801,897
    GREENBRIAR FUND IV FMV 4,890,808 4,890,808
    IBEX ISRAEL FUND FMV 3,286,250 3,286,250
    KAIROS VENTURE OPORTUNITIES I FMV 493,457 493,457
    KAIROS VENTURE PARTNERS II FMV 1,992,902 1,992,902
    KARED III FMV 416,794 416,794
    KASS INVESTORS FMV 939,173 939,173
    KAYNE ANDERSON (KARED II) FMV 975,566 975,566
    KAYNE ANDERSON (KARED) FMV 1,363,115 1,363,115
    KAYNE ANDERSON (KAREP5) FMV 1,410,515 1,410,515
    KAYNE ANDERSON ENERGY FUND VIII FMV 556,432 556,432
    KAYNE PARTNERS FUND IV FMV 2,836,987 2,836,987
    KAYNE RENEWABLE OPPORTUNITIES PARTNERS FMV 189,463 189,463
    KCORE FMV 4,147,603 4,147,603
    KKR ACCEL FMV 507,200 507,200
    KKR AMERICA'S FUND FMV 4,563,147 4,563,147
    KKR ASIAN FUND FMV 1,809,762 1,809,762
    LOGISTA OFFSHORE FUND FMV 2,324,954 2,324,954
    MANIV MOBILITY FMV 2,117,839 2,117,839
    MESIROW FMV 168,815 168,815
    MS OAKTREE FMV 2,667,492 2,667,492
    NEBARI NATURAL RESOURCES CREDIT FUND I FMV 268,950 268,950
    NEWROAD FUND III FMV 923,227 923,227
    OAKTREE EMERGING MARKET DEBT FUND FMV 1,466,011 1,466,011
    OAKTREE OPPORTUNITIES FUND XI FMV 53,642 53,642
    OAKTREE SPECIAL SITUATIONS FUND III FMV 661,032 661,032
    ORBIMED ISRAEL PARTNERS II FMV 1,823,823 1,823,823
    OXBRIDGE SERIES S3 FUND IV FMV 1,521,082 1,521,082
    PALMER SQUARE TALF OPPORTUNITY FUND FMV 102,613 102,613
    PEMBROKE ALVISTA FMV 1,835,948 1,835,948
    PENNTEX SFO I FMV 1,170,315 1,170,315
    PFMP-KF77 FMV 1,459,643 1,459,643
    PHILLIPS 66 NEUBERGER FMV 147,896 147,896
    PRIDEROCK MULTI FAMILY DEBT FMV 881,717 881,717
    PRIDEROCK PFMP K1508 FMV 562,955 562,955
    PRIDEROCK PFMP-KF61 FMV 1,637,312 1,637,312
    SANDALWOOD - OXBRIDGE FMV 695,931 695,931
    SHELL MIDSTREAM FMV 241,920 241,920
    SKY9 CAPITAL MVP FUND FMV 383,856 383,856
    SKY9 FUND IV FMV 405,527 405,527
    SPRUCE CAPITAL FMV 1,238,496 1,238,496
    VELOCITY FUND FMV 833,653 833,653
    WESTERN GAS FMV 588,732 588,732

    TY 2020 OtherExpensesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 110,317 110,317   0
    ADMINISTRATION EXPENSE 129 0   129


    TY 2020 OtherIncomeSchedule2
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASSTHROUGH INCOME FROM K-1S -638,333 -98,168 -638,333
    OTHER INCOME 193,820   193,820


    TY 2020 OtherIncreasesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Description Amount
    UNREALIZED GAIN/(LOSS) 21,381,128


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 466,610 466,610   0
    SFO MANAGEMENT FEES 928,788 0   928,788


    TY 2020 TaxesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 96,000 0   0
    FOREIGN TAXES 15,890 15,890   0