Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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 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$225,118,367J 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) 250,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,107,753 1,107,753  
4 Dividends and interest from securities... 2,822,241 2,822,241  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,154,985
b Gross sales price for all assets on line 6a 18,074,605
7 Capital gain net income (from Part IV, line 2)... 10,735,248
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 1,260,622 1,179,367  
12 Total. Add lines 1 through 11........ 16,595,601 15,844,609  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 117,300 0   117,300
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 25,532 0   25,532
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 1,971,805 727,512   1,050,458
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 135,916 50,702   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 1,987,344 1,877,029   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,237,897 2,655,243   1,193,290
25 Contributions, gifts, grants paid....... 8,475,000 8,475,000
26 Total expenses and disbursements. Add lines 24 and 25 12,712,897 2,655,243   9,668,290
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,882,704
b Net investment income (if negative, enter -0-) 13,189,366
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 1,570,888 1,058,785 1,058,785
2 Savings and temporary cash investments......... 5,219,684 6,331,537 6,331,537
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.......... 40,635 40,635 40,635
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 87,560,897 Click to see attachment82,567,815 82,567,813
c Investments—corporate bonds (attach schedule)....... 1,135,364 Click to see attachment1,214,179 1,214,179
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 98,397,637 Click to see attachment133,905,418 133,905,418
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) 193,925,105 225,118,369 225,118,367
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........... 193,925,105 225,118,369
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)..... 193,925,105 225,118,369
30 Total liabilities and net assets/fund balances (see instructions). 193,925,105 225,118,369
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
193,925,105
2
Enter amount from Part I, line 27a .....................
2
3,882,704
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
27,310,560
4
Add lines 1, 2, and 3 ..........................
4
225,118,369
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
225,118,369
Form 990-PF (2021)
Form 990-PF (2021)
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
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 1,279,379   1,131,414 147,965
b 9,119,182   5,788,206 3,330,976
c 7,676,044   419,737 7,256,307
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       147,965
b       3,330,976
c       7,256,307
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,735,248
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 183,332
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- ..... 5 183,332
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 49,760
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 300,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 349,760
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,796
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 10 163,632
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet163,632 RefundedBullet 11 0
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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     		117,300 25,532 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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 1,193,290
    103 GAMMA DRIVE
    PITTSBURGH,PA15238
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    89,677,889
    b
    Average of monthly cash balances.......................
    1b
    4,071,589
    c
    Fair market value of all other assets (see instructions)................
    1c
    127,602,032
    d
    Total (add lines 1a, b, and c).........................
    1d
    221,351,510
    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
    221,351,510
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,320,273
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    218,031,237
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    10,901,562
    Part X
    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 IX, line 6..................
    1
    10,901,562
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    183,332
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    21,929
    c
    Add lines 2a and 2b............................
    2c
    205,261
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    10,696,301
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    10,696,301
    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 XII, line 1 ...
    7
    10,696,301
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 10,696,301
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 8,930,433
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 9,668,290
    a Applied to 2020, but not more than line 2a 8,930,433
    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 2021 distributable amount..... 737,857
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		9,958,444
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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 128,000
    AMERICAN FRIENDS OF LEKET ISRAEL INC
    PO BOX 2090
    TEANECK,NJ07666     		N/A PC FOOD DISTRIBUTION- COVID SUPPORT 652,500
    AMERICAN FRIENDS OF MAGEN DAVID ADOM
    3300 PGA BLVD STE 970
    PALM BEACH GARDENS,FL33410     		N/A PC MOBILE INTENSIVE CARE UNIT/COVID RELIEF 300,000
    AMATEUR HOCKEY ASSOC ILLINOIS INC
    859 OAKTON STREET
    ELK GROVE,IL60007     		N/A PC HORNETS SLED HOCKEY 5,000
    ANIMAL PROTECTORS OF ALLEGHENY VALLEY
    533 LINDEN AVE
    NEW KENSINGTON,PA15068     		N/A PC ANIMAL RESCUE SUPPORT 15,000
    AMERICANS FOR OXFORD
    500 FIFTH AVE 32ND FLOOR
    NEW YORK,NY10110     		N/A PC DIGITIZE HEBREW MANUSCRIPTS PROJECT 25,000
    BUTLER COUNTY HUMANE SOCIETY
    1015 EVANS CITY RD
    RENFREW,PA16053     		N/A PC ANIMAL RESCUE SUPPORT 10,000
    CONNECTING CHAMPIONS
    6101 PENN AVE SUITE 201
    PITTSBURGH,PA15206     		N/A PC EXPANSION OF PROGRAM 75,000
    ALPERT JEWISH FAMILY & CHILDRENS SERVICES PALM BEACH CTY
    5841 CORPORATE WAY SUITE 200
    WEST PALM BEACH,FL33407     		N/A PC FOOD INSECURITY 250,000
    BIG BROTHERS BIG SISTERS OF UTAH
    2121 SOUTH STATE STREET
    SALT LAKE CITY,UT84115     		N/A PC MENTORING PROGRAM 75,000
    BOY SCOUTS OF AMERICA
    1275 BEDFORD AVE
    PITTSBURGH,PA15219     		N/A PC SENECA DISTRICT FRIENDS OF SCOUTING 10,000
    CHILDREN'S HOSPITAL OF CHICAGO
    225 E CHICAGO AVE
    CHICAGO,IL60611     		N/A PC PRECISION MEDICINE ONCOLOGY 200,000
    CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION
    4401 PENN AVE
    PITTSBURGH,PA15224     		N/A PC THE PITTSBURGH STUDY (TPS) LAUNCH 250,000
    CLUBHOUSE SUMMIT COUNTY
    PO BOX 680861
    PARK CITY,UT84068     		N/A PC MENTAL ILLNESS SUPPORT 25,000
    SCHWAB CHARITABLE FUND
    211 MAIN STREET
    SAN FRANCISCO,CA94105     		N/A PC DONOR ADVISED FUNDS 281,180
    EDINBORO UNIVERSITY FOUNDATION
    219 MEADVILLE STREET
    EDINBORO,PA16444     		N/A PC FOOTBALL PROGRAM SUPPORT 15,000
    FOUNDATION FOR THE DEFENSE OF DEMOCRACIES
    PO BOX 332489
    WASHINGTON,DC20033     		N/A PC GENERAL SUPPORT 175,000
    FRIENDS OF IR DAVID
    575 LEXINGTON AVE
    NEW YORK,NY10022     		N/A PC OPERATING GRANT, COVID RELIEF 175,000
    FRIENDS OF THE ISRAELI DEFENSE FORCES
    29 EAST MADISON ST
    CHICAGO,IL60602     		N/A PC CORONAVIRUS SUPPORT 300,000
    FRIENDS OF THE DANIEL CENTERS FOR PROGRESSIVE JUDIASM
    5630 WISCONSIN AVE APT 1601
    CHEVY CHASE,MD20815     		N/A PC ISRAELI CAUSES 25,000
    DUQUESNE UNIVERSITY
    600 FORBES AVE
    PITTSBURGH,PA15282     		N/A PC CENTER FOR INTEGRATIVE HEALTH 100,000
    FUN & FREEDOM BASKETBALL
    PO BOX 63
    TARENTUM,PA15084     		N/A PC YOUTHWORKS 5,000
    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 200,000
    GREATER PITTSBURGH COMMUNITY FOODBANK
    1 LINDEN STREET
    DUQUESNE,PA15110     		N/A PC CORONAVIRUS SUPPORT 250,000
    GROW PITTSBURGH
    6587 HAMILTON AVE 2W
    PITTSBURGH,PA15206     		N/A PC YOUTH PROGRAM- TRAINING URBAN FARMERS- COVID RELIEF 100,000
    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 150,000
    JEWISH COMMUNITY CENTER OF GREATER PITTSBURGH
    5738 FORBES AVE
    PITTSBURGH,PA15217     		N/A PC CENTER FOR LOVING KINDNESS 7,500
    JEWISH FAMILY & CHILDREN'S SERVICES OF PITTSBURGH
    5743 BARTLETT ST
    PITTSBURGH,PA15217     		N/A PC CORONAVIRUS SUPPORT 275,000
    JEWISH NATIONAL FUND
    60 REVERE DR SUITE 840
    NORTHBROOK,IL60062     		N/A PC LOTEM COMPUTER FOR EVERY CHILD PROGRAM 100,000
    JEWISH NATIONAL FUND
    902 CLINT MOORE RD STE 128
    BOCA RATON,FL33487     		N/A PC SPECIAL IN UNIFORM, FIREFIGHTERS 314,000
    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
    MAGIC IN THE TREES
    424 WEST END AVE APT 2J
    NEW YORK,NY10024     		N/A PC CAMP ROBINHOOD 7,000
    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 100,000
    NATIONAL ALLIANCE ON MENTAL ILLNESS (NAMI)
    4525 S SANDHILL RD SUITE 116
    LAS VEGAS,NV89121     		N/A PC MENTAL ILLNESS SUPPORT 75,000
    NEIGHBORS FOR NEIGHBORS
    119 PRESERVE VALLEY DRIVE
    CRANBERRY TWP,PA16066     		N/A PC HOLIDAY SEASON SUPPORT FOR NEEDY CHILDREN 10,000
    ONE MIND INSTITUTE
    PO BOX 680
    RUTHERFORD,CA94573     		N/A PC ASPIRE 300,000
    OCEAN CONSERVANCY
    PO BOX 19645
    WASHINGTON,DC20036     		N/A PC PROTECTING FLORIDA 2,500
    PARK CITY COMMUNITY FOUNDATION
    PO BOX 681499
    PARK CITY,UT84068     		N/A PC MENTAL HEALTH 25,000
    PALM BEACH COUNTY FOOD BANK
    525 GATOR LANE
    LANTANA,FL33462     		N/A PC CORONAVIRUS SUPPORT 200,000
    PEGGY ADAMS ANIMAL RESCUE LEAGUE
    3200 N MILITARY TRAIL
    WEST PALM BEACH,FL33409     		N/A PC ANIMAL RESCUE SUPPORT 30,000
    JEWISH FEDERATION OF PITTSBURGH
    2000 TECHNOLOGY DRIVE
    PITTSBURGH,PA15219     		N/A PC GLOBAL ANTI-HATE CONFERENCE 100,000
    THE ARK
    6450 NORTH CALIFORNIA
    CHICAGO,IL60645     		N/A PC FOOD INSECURITY 86,000
    SECOND HARVEST FOOD BANK
    201 ST CHARLES AVE 29TH FLOOR
    NEW ORLEANS,LA70170     		N/A PC CORONAVIRUS SUPPORT 100,000
    SECURE COMMUNITY NETWORK
    350 WEST HUBBARD ST
    CHICAGO,IL60654     		N/A PC JEWISH COMMUNITY SECURITY 50,000
    THE ANTI CRUELTY SOCIETY
    157 W GRAND AVE
    CHICAGO,IL60654     		N/A PC KENNEL SPONSORSHIP 5,000
    SPECIAL OLYMPICS OF PA
    200 CEDAR RIDGE DR STE 214
    PITTSBURGH,PA15205     		N/A PC DISABLED ATHLETES 5,000
    NEVADA MEDICAL CENTER
    325 S MARYLAND PKWY
    LAS VEGAS,NV89101     		N/A PC HOPE MEANS NEVADA 40,000
    THE STEADMAN CLINIC
    181 W MEADOW DR STE 1000
    VAIL,CO81657     		N/A PC DUCHENNE MUSCULAR DYSTROPHY RESEARCH 100,000
    THE CRANBERRY CUP
    PO BOX 1614
    CRANBERRY TWP,PA16060     		N/A PC ASSISTANCE FAMILIES IN NEED 20,000
    THREE SQUARE FOOD BANK
    4190 N PECOS RD
    LAS VEGAS,NV89115     		N/A PC CORONAVIRUS SUPPORT 100,000
    PALM BEACH POLICE AND FIRE FOUNDATION
    139 N COUNTY RD
    PALM BEACH,FL33480     		N/A PC CORONAVIRUS SUPPORT 60,000
    UCLA FOUNDATION
    760 WESTWOOD PLAZA
    LOS ANGELES,CA90095     		N/A PC CAPPS RESEARCH 250,000
    TALK - THE NEW SEX ED
    3945 FORBES AVE STE 424
    PITTSBURGH,PA15213     		N/A PC SEX ED 5,000
    VIBE ISRAEL
    ASCENDER 6401 PENN AVE
    PITTSBURGH,PA15206     		N/A PC GENERAL SUPPORT 57,000
    WEST PALM BEACH CENTER FOR ARTS & TECHNOLOGY
    PO BOX 3952
    WEST PALM BEACH,FL33402     		N/A PC GENERAL SUPPORT 50,000
    UNIVERSITY OF NEVADA LAS VEGAS
    4505 S MARYLAND PKWY
    LAS VEGAS,NV89154     		N/A PC THE PRACTICE - MENTAL HEALTH TRAINING CLINIC 175,000
    UNIVERSITY OF PITTSBURGH
    116 ATWOOD STREET
    PITTSBURGH,PA15260     		N/A PC VARIOUS PROGRAMS 1,226,820
    UNIVERSITY OF COLORADO
    1800 N GRANT ST ATE 725
    DENVER,CO80203     		N/A PC MEDICAL RESEARCH 250,000
    GLEANER'S FOOD BANK OF INDIANA
    3737 WALDEMERE AVE
    INDIANAPOLIS,IN46241     		N/A PC FOOD INSECURITY 10,000
    NATIONAL COUNCIL OF JEWISH WOMEN
    1620 MURRAY AVE
    PITTSBURGH,PA15217     		N/A PC CORONAVIRUS SUPPORT 27,500
    Total .................................bullet 3a 8,475,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 1,107,753  
    4 Dividends and interest from securities ....          
    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 ............     		900001 419,737 14 10,735,248  
    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     		900001 207,877 01 1,179,367  
    bOTHER INCOME         -126,622
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 627,614 15,844,609 -126,622
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,345,601
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    SHEAR FAMILY FOUNDATION INC
     
    Employer identification number

    47-1833006
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    SHEAR FAMILY FOUNDATION INC
          		Employer identification number
    47-1833006
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    HERBERT S AND BARBARA S SHEAR
    2660 S OCEAN BLVD APT NO 503 W
     
    PALM BEACH, FL33480

    		$ 250,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    SHEAR FAMILY FOUNDATION INC
          		Employer identification number

    47-1833006
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    SHEAR FAMILY FOUNDATION INC
          		Employer identification number

    47-1833006
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 GeneralExplanationAttachment
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Identifier Return Reference Explanation
      FORM 990-PF, PART VII, LINE 1 ANDREA GLICKMAN IS AN EMPLOYEE OF THE SHEAR FAMILY OFFICE, AND, AS A RESULT, THE SHEAR FAMILY OFFICE PAYS HER SALARY AND BENEFITS. THE SHEAR FAMILY FOUNDATION HAS NO EMPLOYEES, AND CONTRACTS WITH THE SHEAR FAMILY OFFICE'S EMPLOYEES TO PROVIDE ITS SERVICES. THE SALARY AND BENEFIT AMOUNTS LISTED IN PART VII, LINE 1 ARE ALSO REFLECTED IN PART VII, LINE 3 OF FORM 990-PF UNDER COMPENSATION PAID TO THE SHEAR FAMILY OFFICE FOR CONTRACTED SERVICES.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Name of Bond End of Year Book Value End of Year Fair Market Value
    31,000 SHS JPMORGAN CHASE FINL 0%23 47,160 47,160
    20,000 SHS BOFA FIN LLC 0%23 38,019 38,019
    15,000 SHS JPMORGAN CHASE FINL 0%23 41,399 41,399
    40,000 SHS BONA FIN LLC 0%24 42,513 42,513
    35,000 SHS WELLS FARGO FIN 0.25%24 36,411 36,411
    35,000 SHS CITIGROUP INC 0%27 36,403 36,403
    25,000 SHS CITIGROUP INC 0%27 26,003 26,003
    25,000 SHS CITIGROUP INC 0%27 23,962 23,962
    40,000 SHS THE GOLDMAN SACHS G 0%28 42,176 42,176
    30,000 SHS BARCLAYS PLC 0%23F 31,140 31,140
    40,000 SHS UBS AG LONDON BRH 0% 28F 39,564 39,564
    30,000 SHS JPMORGAN CHASE HOLD 0%28 28,242 28,242
    40,000 SHS BOFA FIN LLC 0%28 39,608 39,608
    20,000 SHS BARCLAYS PLC 0%23F 40,428 40,428
    20,000 SHS BARCLAYS PLC 0%23F 32,615 32,615
    25,000 SHS AIR TRANSPORT S 1.125%24 28,017 28,017
    35,000 SHS BARCLAYS PLC 0%25F 37,454 37,454
    30,000 SHS VISHAY INTERTCH 2.25%25 31,163 31,163
    35,000 SHS PACIRA BIOSCIENCE 0.75%25 38,715 38,715
    40,000 SHS PARSONS CORP 0.25%25 39,804 39,804
    23,000 SHS SMART GLOBAL HL2.25%26F 42,998 42,998
    30,000 SHS HAEMONETICS CORP 0%26 24,934 24,934
    30,000 SHS FORD MOTOR CO 0%26 41,297 41,297
    20,000 SHS IMAX CORP 0.5%26F 19,294 19,294
    35,000 SHS SPIRIT AIRLINES, IN 1%26 30,247 30,247
    30,000 SHS PETIQ, INC. 4%26 35,036 35,036
    25,000 SHS CRACKER BARREL 0.625%26 23,719 23,719
    25,000 SHS THE CHEESECAKE 0.375%26 22,399 22,399
    40,000 SHS HALOZYME THERAPE 0.25%27 35,521 35,521
    30,000 SHS AKAMAI TECHNOLO 0.375%27 35,132 35,132
    30,000 SHS STRIDE INC 1.125%27 29,008 29,008
    30,000 SHS DRAFTKINGS INC 0%28 22,421 22,421
    40,000 SHS THE GREENBRIER 2.875%28 43,021 43,021
    25,000 SHS MERITOR, INC. 3.25%37 27,194 27,194
    20,0000 SHS EURONET WORLDWID 0.75%49 21,671 21,671
    40,000 SHS LIBERTY BROADBAN 1.25%50 39,491 39,491

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,081 SHS ISHARES MICRO CAP ETF 151,046 151,044
    1,811 SHS VANGUARD SM CAP GROWTH 510,322 510,322
    634 SHS VANGUARD SM CAP ETF 143,290 143,290
    3,475 SHS VANGUARD SM CAP VALUE ETF 621,504 621,504
    1,200 SHS ALPHABET INC. 3,472,308 3,472,308
    8,000 SHS BERKSHIRE HATHAWAY 2,392,000 2,392,000
    20,000 SHS CHEVRON CORPORATION 2,347,000 2,347,000
    35,000 SHS CISCO SYSTEMS INC 2,217,950 2,217,950
    30,000 SHS CITIGROUP INC 1,811,700 1,811,700
    45,000 SHS CORNING INC 1,675,350 1,675,350
    33,000 SHS CVS HEALTH CORP 3,404,280 3,404,280
    30,000 DUPONT DE NEMOURS INC 2,423,400 2,423,400
    9,000 SHS FEDEX CORPORATION 2,327,760 2,327,760
    50,000 SHS GENERAL MOTORS CO 2,931,500 2,931,500
    10,000 SHS JOHNSON & JOHNSON 1,710,700 1,710,700
    20,000 SHS JP MORGAN CHASE & CO 3,167,000 3,167,000
    10,000 SHS MICROSOFT CORP 3,363,200 3,363,200
    50,000 SHS PFIZER INCORPORATED 2,952,500 2,952,500
    17,000 SHS QUALCOMM INC 3,108,790 3,108,790
    40,000 SHS SCHLUMBERGER LTD 1,198,000 1,198,000
    10,000 SHS WALMART INC 1,446,900 1,446,900
    37,000 SHS VANGUARD FTSE DEV MKTS 1,889,220 1,889,220
    157,000 SHS VANGUARD FTSE EMER MKTS ETF 7,765,220 7,765,220
    30,000 SHS VANGUARD FTSE EUROPE 2,047,200 2,047,200
    2,305 SHS ABBOTT LABS 324,406 324,406
    505 SHS ADOBE INC (DELAWARE) 286,365 286,365
    375 SHS ALPHABET INC CL A 1,086,390 1,086,390
    340 SHS AMAZON.COM INC 1,133,676 1,133,676
    704 SHS AMERICAN TOWER CORP REIT 205,920 205,920
    1,021 SHS AMERIPRISE FINANCIAL INC 307,995 307,995
    4,911 SHS APPLE INC 872,046 872,046
    1,770 SHS APPLIED MATERIALS INC 278,527 278,527
    68 SHS BOOKING HLDGS INC 163,148 163,148
    5,496 SHS BOSTON SCIENTIFIC CORP 233,470 233,470
    456 SHS COSTCO WHOLESALE CORP 258,871 258,871
    540 SHS DANAHER CORP 177,665 177,665
    859 SHS DOLLAR GEN CORP NEW 202,578 202,578
    2,202 SHS FIDELITY NAT'T INFO SVCS 240,348 240,348
    844 SHS HOME DEPOT INC 350,268 350,268
    762 SHS HONEYWELL INTL INC 158,885 158,885
    1,467 SHS INTERCONTINENTALEXCHANGE GROUP 200,642 200,642
    407 SHS LAUDER ESTEE COS CL A 150,671 150,671
    1,354 SHS LOWES COMPANIES INC 349,982 349,982
    2,027 SHS META PLATFORMS INC CL A 681,781 681,781
    5,083 SHS MICROSOFT CORP 1,709,515 1,709,515
    1,028 SHS NIKE INC 171,337 171,337
    447 SHS O REILLY AUTOMOTIVE INC 315,685 315,685
    891 SHS PARKER HANNIFIN CORP 283,445 283,445
    404 SHS ROCKWELL AUTOMATION INC NEW 140,935 140,935
    296 SHS S&P GLOBAL INC 139,691 139,691
    1,292 SHS SALESFORCE.COM INC 328,336 328,336
    741 SHS SHERWIN WILLIAMS CO 260,951 260,951
    1,375 SHS TEXAS INSTRUMENTS 259,146 259,146
    244 SHS THERMO FISHER SCIENTIFIC INC 162,807 162,807
    5,344 SHS TJX COS INC NEW 405,716 405,716
    1,287 SHS UNION PACIFIC CORP 324,234 324,234
    546 SHS UNITEDHEALTH GROUP INC 274,168 274,168
    2,303 SHS VISA INC CL A 499,083 499,083
    2,795 SHS ISHARES MSCI EAFE ETF 219,911 219,911
    1,593 SHS ISHARES RUSSELL TOP 200 GROWTH ETF 276,147 276,147
    4,619 SHS VANGUARD GROWTH ETF 1,482,237 1,482,237
    2,169 SHS VANGUARD SMALL CAP GROWTH ETF 611,202 611,202
    18,000 SHS ANTERO MIDSTREAM CORP 174,240 174,240
    5,400 SHS ATLANTICA YIELD PLC 193,104 193,104
    2,100 SHS CHENIERE ENERGY INC 212,982 212,982
    7,600 SHS CLEARWAY ENERGY INC. 273,828 273,828
    9,000 SHS ONEOK INC. 528,840 528,840
    2,400 SHS SEMPRA 317,472 317,472
    17,600 SHS TARGA RESOURCES CORP. 919,424 919,424
    29,600 SHS WILLIAMS COMPANIES 770,784 770,784
    12,000 SHS NEXTERA ENERGY PARTNER LP 1,012,800 1,012,800
    3,654,882.85 SHS SCHWAB US TRSY MONEY INV 3,654,883 3,654,883
    4,748 SHS VANGUARD FTSE ALL WORLD EX US ETF 290,957 290,957
    5,799 SHS VANGUARD FTSE DEVELOPED MARKETS ETF 296,097 296,097
    5,699 SHS VANGUARD FTSE EMERGING MARKETS ETF 281,873 281,873
    2,224 SHS VGRD FTSE ALL WRLD EX US SML CAP ETF 297,927 297,927
    8,830 SHS ISHARES CORE HIGH DIVIDEN ETF 891,742 891,742
    2,696 SHS ISHARES IBOXX HIGH YIELD BOND ETF 234,579 234,579
    7,990 SHS ISHARES INTERNATIONAL DIV ETF 249,128 249,128
    6,251 SHS ISHARES PREFERRED INCOME SEC ETF 246,477 246,477
    7,575 SHS VANGUARD VALUE ETF 1,114,358 1,114,358

    TY 2021 InvestmentsOtherSchedule2
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CERBERUS VI PRIVATE INVESTORS FMV 4,325,580 4,325,580
    OAKTREE OPP DIRECT OFF FMV 2,862,461 2,862,461
    1899 PENN - WASHINGTON DC (XXXX) USD FMV 1,000,000 1,000,000
    406 VENTURES IV FMV 525,319 525,319
    406 VENTURES OPPORTUNITY FUND I FMV 2,658,958 2,658,958
    406 VENTURES OPPORTUNITY FUND II FMV 623,639 623,639
    406 VENTURES RELTIO SPV (WRANGLER TOO) (XXXX) USD FMV 100,000 100,000
    AG DIRECT LENDING FUND II FMV 1,268,688 1,268,688
    AKKR EMERGING BUYOUT PARTNERS FMV 180,852 180,852
    ANGELO GORDON DIRECT LENDING FMV 999,667 999,667
    BAYPINE CAPITAL PARTNERS FUND I (XXXX) USD FMV 893,890 893,890
    BLACKROCK APCO FMV 1,266,092 1,266,092
    BROOKFIELD NEUBERGER FMV 193,266 193,266
    CEDAR STREET FMV 4,264,807 4,264,807
    CEDAR STREET INT'L SMALL CAP FUND (XXXX) USD FMV 2,094,258 2,094,258
    CHARLESTON- MCP (XXXX) USD FMV 1,000,000 1,000,000
    CHATHAM ORLANDO (XXXX) USD FMV 2,000,000 2,000,000
    CHICAGO VENTURES FUND III FMV 739,095 739,095
    COATUE GROWTH FUND V (XXXX) USD FMV 1,482,098 1,482,098
    CORMORANT HEALTHCARE FUND I FMV 3,167,398 3,167,398
    CORMORANT HEALTHCARE II FMV 7,133,893 7,133,893
    CORMORANT HEALTHCARE FUND III FMV 1,218,221 1,218,221
    DECLARATION RE FUND I (XXXX) USD FMV 522,100 522,100
    DIVERSIFIED CASSIDY TIRE (XXXX) USD FMV 999,974 999,974
    ENERGY TRANSFER FMV 411,500 411,500
    ENERGIZE - URBINT (XXXX) USD FMV 500,227 500,227
    ENERGIZE VENTURES II (XXXX) USD FMV 269,091 269,091
    ENLIGHTENMENT CAPITAL FUND III FMV 2,640,217 2,640,217
    ENTERPRISE PARTNERS FMV 922,320 922,320
    FIRST BOSTON (XXXX) USD FMV 1,015,593 1,015,593
    GAUZY FUND FMV 139,713 139,713
    GRAYCLIFF LLC FMV 1,801,897 1,801,897
    GREENBRIAR FUND IV FMV 12,804,479 12,804,479
    GREENBRIAR FUND V (XXXX) USD FMV 1,093,147 1,093,147
    GREENBRIAR- SUN AUTO (XXXX) USD FMV 370,952 370,952
    IBEX ISRAEL FUND FMV 3,910,814 3,910,814
    IRRADIANT (KAYNE) RENEWABLE OPPORTUNITIES P FMV 185,600 185,600
    KAIROS VENTURE OPORTUNITIES I FMV 737,705 737,705
    KAIROS VENTURE PARTNERS II FMV 1,992,902 1,992,902
    KARED III FMV 217,906 217,906
    KARED IV (XXXX) USD FMV 723,152 723,152
    KASS INVESTORS FMV 32,917 32,917
    KAYNE ANDERSON (KARED) FMV 584,437 584,437
    KAYNE ANDERSON (KARED II) FMV 718,735 718,735
    KAYNE ANDERSON (KAREP5) FMV 1,427,276 1,427,276
    KAYNE ANDERSON ENERGY FUND VIII FMV 997,258 997,258
    KAYNE PARTNERS FUND IV FMV 3,065,389 3,065,389
    KCORE FMV 4,482,838 4,482,838
    KKR ACCEL FMV 755,140 755,140
    KKR AMERICA'S FUND FMV 8,598,182 8,598,182
    KKR ASIAN FUND FMV 2,720,085 2,720,085
    LOGISTA OFFSHORE FUND FMV 2,455,664 2,455,664
    MANIV MOBILITY FMV 4,575,471 4,575,471
    MANNA TREE NUTRITION II (XXXX) USD FMV 426,985 426,985
    MERIDIAN STREET III (XXXX) USD FMV 309,706 309,706
    MESIROW FMV 156,130 156,130
    NEBARI GOLD FUND 1 (XXXX) USD FMV 120,764 120,764
    NEBARI NATURAL RESOURCES CREDIT FUND I FMV 345,318 345,318
    NEWROAD FUND III FMV 2,186,136 2,186,136
    NEXUS FUND III (XXXX) USD FMV 97,091 97,091
    NOEMIS VENTURES I (XXXX) USD FMV 486,319 486,319
    OAKTREE EMERGING MARKET DEBT FUND FMV 1,986,154 1,986,154
    OAKTREE LIFE SCIENCES FUND (XXXX) USD FMV 217,599 217,599
    OAKTREE OPPORTUNITIES FUND XI FMV 363,261 363,261
    OAKTREE SPECIAL SITUATIONS FUND III FMV 1,457,022 1,457,022
    ORBIMED ISRAEL PARTNERS II FMV 2,036,603 2,036,603
    OWL VENTURES BYJU (XXXX) USD FMV 501,588 501,588
    OWL VENTURES FUND V (XXXX) USD FMV 297,152 297,152
    OWL VENTURES OPPORTUNITY FUND II (XXXX) USD FMV 249,122 249,122
    OWL VENTURES PARTNERSHIP HOLDINGS III (XXXX) USD FMV 578,214 578,214
    OXBRIDGE SERIES S3 FUND IV FMV 1,524,246 1,524,246
    PEMBROKE ALVISTA FMV 1,856,014 1,856,014
    PENNTEX SFO I FMV 1,062,071 1,062,071
    PFMP-KF77 FMV 1,489,872 1,489,872
    PRIDEROCK MULTI FAMILY DEBT FMV 726,043 726,043
    PRIDEROCK PFMP K1508 FMV 637,213 637,213
    PRIDEROCK PFMP-KF61 FMV 1,284,232 1,284,232
    PRIDEROCK PFMP-KF96 (XXXX) USD FMV 1,374,369 1,374,369
    SANDALWOOD - OXBRIDGE FMV 687,204 687,204
    SILVERPEAK SPECIAL SITUATION LENDING FUND (XXXX) USD FMV 514,289 514,289
    SHELL MIDSTREAM FMV 264,960 264,960
    SKY9 CAPITAL MVP FUND FMV 615,495 615,495
    SKY9 FUND IV FMV 1,472,673 1,472,673
    SKY9 FUND V (XXXX) USD FMV 101,341 101,341
    SKY9 MVP FUND II (XXXX) USD FMV 76,798 76,798
    SPRUCE CAPITAL FUND III FMV 34,027 34,027
    SPRUCE CAPITAL FMV 1,500,000 1,500,000
    STARTING LINE FUND II (XXXX) USD FMV 499,634 499,634
    SVB CAPITAL FUND V (XXXX) USD FMV 1,570,979 1,570,979
    TEKNE LONG ONLY PARTNERS (XXXX) USD FMV 1,430,712 1,430,712
    VELOCITY FUND FMV 833,653 833,653
    XXXX (1703) USD FMV 3,946 3,946
    WESTERN GAS FMV 859,620 859,620

    TY 2021 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 125,923 125,923   0
    OTHER K-1 EXPENSES 1,861,421 1,751,106   0


    TY 2021 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 1,387,244 1,179,367 1,387,244
    OTHER INCOME -126,622   -126,622


    TY 2021 OtherIncreasesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Description Amount
    UNREALIZED GAIN/(LOSS) 27,310,560


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 921,347 727,512   0
    SFO MANAGEMENT FEES 1,050,458 0   1,050,458


    TY 2021 TaxesSchedule
    Name:
    SHEAR FAMILY FOUNDATION INC
    EIN:
    47-1833006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 85,000 0   0
    FOREIGN TAXES 50,916 50,702   0