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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
The Shepard Broad Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

59-0998866
B Telephone number (see instructions)

(800) 839-1754
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$34,286,938J 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) 1,344,571
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,712 1,712  
4 Dividends and interest from securities... 635,412 635,412  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,884,304
b Gross sales price for all assets on line 6a 6,540,382
7 Capital gain net income (from Part IV, line 2)... 1,884,304
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 333 333  
12 Total. Add lines 1 through 11........ 3,866,332 2,521,761  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,000     15,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 296,467 149,459   147,008
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,375 25    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 888     888
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 75,294     75,294
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 413,024 149,484   238,190
25 Contributions, gifts, grants paid....... 871,475 871,475
26 Total expenses and disbursements. Add lines 24 and 25 1,284,499 149,484   1,109,665
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,581,833
b Net investment income (if negative, enter -0-) 2,372,277
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.............      
2 Savings and temporary cash investments......... 921,671 592,319 592,319
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,594    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,144,001    
b Investments—corporate stock (attach schedule)....... 17,539,430 Click to see attachment23,251,277 33,694,619
c Investments—corporate bonds (attach schedule)....... 1,655,067    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 21,261,763 23,843,596 34,286,938
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 21,261,763 23,843,596
29 Total net assets or fund balances (see instructions)..... 21,261,763 23,843,596
30 Total liabilities and net assets/fund balances (see instructions). 21,261,763 23,843,596
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
21,261,763
2
Enter amount from Part I, line 27a .....................
2
2,581,833
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
23,843,596
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,843,596
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      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,540,382   4,656,078 1,884,304
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,884,304
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,884,304
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  
3 Add lines 1 and 2........................... 3 32,975
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 32,975
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 21,104
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 33,604
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 10 629
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet629 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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 instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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)
     
    No
    (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
    Karen BermanClick to see attachment Dir, Treas
    1.0     		7,500 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Ann B BusselClick to see attachment Dir, Chairperson
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Daniel J BusselClick to see attachment Dir, Sec
    1.0     		7,500 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Deborah BusselClick to see attachment Dir, Pres
    10.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John M BusselClick to see attachment Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Hewins Financial Advisors Investment MGMT 149,459
    203 Redwood Shores Parkway STE 550
    REDWOOD CITY,CA94065
    Foundation Source Administrative 73,969
    55 Walls Drive 3rd Fl
    Fairfield,CT06824
    Enid Mercado Philanthropic 55,000
    4400 Biscayne BLVD STE 514
    Miami,FL33137
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................bullet  
    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
    32,446,259
    b
    Average of monthly cash balances.......................
    1b
    528,670
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    32,974,929
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    32,974,929
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    494,624
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    32,480,305
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,624,015
    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
    1,624,015
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    32,975
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    32,975
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,591,040
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,591,040
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,591,040
    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 1,591,040
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 542,552
    b From 2017...... 457,775
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 1,000,327
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,109,665
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 1,109,665
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 481,375 481,375
    (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 5 518,952
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		61,177
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		457,775
    10 Analysis of line 9:
    a Excess from 2017.... 457,775
    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).)
    NONE
    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
    AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATIO
    244 MADISON AVE STE 482
    NEW YORK,NY10016     		N/A PC General & Unrestricted 5,000
    AMERICAN JEWISH COMMITTEE
    165 E 56TH ST
    NEW YORK,NY10022     		N/A PC Miami Annual Campaign 17,500
    AMERICANS FOR IMMIGRANT JUSTICE
    6355 NW 36TH ST STE 2201
    MIAMI,FL33166     		N/A PC General & Unrestricted 25,000
    BARRY UNIVERSITY INC
    11300 NE 2ND AVE
    MIAMI SHORES,FL33161     		N/A PC Institute for Immigration Studies 41,200
    BARRY UNIVERSITY INC
    11300 NE 2ND AVE
    MIAMI SHORES,FL33161     		N/A PC Opportunity Fund Scholarship Fund 20,000
    BENNING ACADEMY OF MUSIC FOUNDATION
    5647 WILLIS AVE
    SHERMAN OAKS,CA91411     		N/A PC General Purpose Annual Gifts for Calendar Years 2020 and 2021 5,000
    BENNING ACADEMY OF MUSIC FOUNDATION
    5647 WILLIS AVE
    SHERMAN OAKS,CA91411     		N/A PC General & Unrestricted 10,000
    BISCAYNE BAY WATERKEEPER INC
    2103 CORAL WAY 2ND FL
    MIAMI,FL33145     		N/A PC General & Unrestricted 1,000
    BRANCHES INC
    11500 NW 12TH AVE
    MIAMI,FL33168     		N/A PC Support for GROW and CLIMB programs 10,000
    CATHOLIC CHARITIES LEGAL SERVICES ARCHDIOCESE OF M
    28 WEST FLAGLER ST 10TH FLLOR
    MIAMI,FL33130     		N/A PC provision of services to immigrant people and their families 3,600
    CHAMPION FOR CHILDREN FOUNDATION OF HIGHLANDS COUN
    PO BOX 7125
    SEBRING,FL33872     		N/A PC Preventative Service and Assistance Program 1,000
    CHILDRENS BEREAVEMENT CENTER INC
    6619 SOUTH DIXIE HWY 302
    MIAMI,FL33143     		N/A PC Surfside Crisis Work & Support Groups 12,500
    CONSTITUTIONAL RIGHTS FOUNDATION
    601 S KINGSLEY DR
    LOS ANGELES,CA90005     		N/A PC Charitable Event 2,500
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		N/A PC Ann B. Bussel Grant 25,000
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		N/A PC Jewish Life at Duke grant 10,000
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		N/A PC Trinity College Annual Fund Flexible Operating 20,000
    DURHAM-CHAPEL HILL JEWISH FEDERATION
    1937 W CORNWALLIS ROAD
    DURHAM,NC27705     		N/A PC Great Challah Bake 2021 1,000
    DURHAM-CHAPEL HILL JEWISH FEDERATION
    1937 W CORNWALLIS ROAD
    DURHAM,NC27705     		N/A PC Creation of the Challah/Shabbat Fund 30,000
    FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC
    11200 SW 8TH ST MARC 531
    MIAMI,FL33199     		N/A PC an endowment fund for the Ruth K. and Shepard Broad distinguished lecture series 62,500
    FRIENDS OF WLRN INC
    172 NE 15TH ST
    MIAMI,FL33132     		N/A PC In support of local news reporting 10,000
    GABLESTAGE INC
    1200 ANASTASIA AVE STE 230
    CORAL GABLES,FL33134     		N/A PC For educational program collaboration with Miami-Dade county public schools 5,000
    GIVAT HAVIVA EDUCATIONAL FOUNDATION INC
    500 FASHION AVE 8TH FL
    NEW YORK,NY10018     		N/A PC Planning Process/Barbara Markel Meeting Space 24,500
    GREATER MIAMI JEWISH FEDERATION
    4200 BISCAYNE BLVD
    MIAMI,FL33137     		N/A PC Annual Campaigns 2019, 2020, and 2021 12,500
    HEALTH INFORMATION PROJECT INC
    461 PONCE DE LEON BLVD STE 300
    CORAL GABLES,FL33146     		N/A PC Comprehensive Business Plan 10,000
    HENRY E HUNTINGTON LIBRARY & ART GALLERY
    1151 OXFORD RD
    SAN MARINO,CA91108     		N/A PC 2021 Huntingdon Fellows Program 2,500
    HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE
    574 HILGARD AVE
    LOS ANGELES,CA90024     		N/A PC General & Unrestricted 1,500
    ICIVICS INC
    1035 CAMBRIDGE ST STE 21B
    CAMBRIDGE,MA02141     		N/A PC General & Unrestricted 3,000
    JAFCO CHILDRENS FOUNDATION INC
    4200 N UNIVERSITY DR
    SUNRISE,FL33351     		N/A PC Marge Flanz Alumni Circle Endowment 5,000
    JEWISH COMMUNITY SERVICES OF SOUTH FLORIDA INC
    12000 BISCAYNE BLVD
    MIAMI,FL33181     		N/A PC to establish the Refugee Resettlement & Placement program at JCS as an affiliate of HIAS 75,000
    JEWISH EDUCATIONAL LOAN FUND INC
    6065 ROSWELL RD STE 740
    ATLANTA,GA30328     		N/A PC to provide interest-free last dollar loans for higher education to jewish students 5,000
    JEWISH FEDERATION OF METROPOLITAN CHICAGO
    30 S WELLS ST
    CHICAGO,IL60606     		N/A PC University of Chicago Hillel 500
    JUDEA REFORM CONGREGATION
    1933 W CORNWALLIS RD
    DURHAM,NC27705     		N/A PC Refugee Resettlement and Immigrant Justice Team 3,600
    LEO BAECK EDUCATION CENTER FOUNDATION
    5603 S BRAESWOOD
    HOUSTON,TX77096     		N/A PC for the development and implementation of a plan to organize and mobilize a leo baeck alumni community 54,712
    LOOMIS INSTITUTE
    4 BATCHELDER RD
    WINDSOR,CT06095     		N/A PC 2021-22 Annual Fund 19,000
    LOS ANGELES LAWYERS PHILHARMONIC
    287 S ROBERTSON BLVD 499
    BEVERLY HILLS,CA90211     		N/A PC Charitable Event 5,000
    MIAMI CITY BALLET INC
    2200 LIBERTY AVE
    MIAMI BEACH,FL33139     		N/A PC For educational program collaboration with Miami-Dade county public schools 5,000
    MIAMI DADE COLLEGE FOUNDATION INC
    300 NE 2ND AVE
    MIAMI,FL33132     		N/A PC Sponsorship of Anita Hill presentation at Miami Book fair international 2021 10,000
    MUSEUM OF CONTEMPORARY ART INC
    770 NE 125TH ST
    NORTH MIAMI,FL33161     		N/A PC General & Unrestricted 10,000
    NATIONAL CENTER FOR FAMILY PHILANTHROPY INC
    1667 K ST NW STE 550
    WASHINGTON,DC20006     		N/A PC General & Unrestricted 1,500
    NEW ISRAEL FUND
    PO BOX 70358
    PHILADELPHIA,PA19176     		N/A PC General & Unrestricted 3,750
    NEW WORLD SYMPHONY INC
    500 17TH ST
    MIAMI BEACH,FL33139     		N/A PC MusicLab program and its community engagement work with students from ruth k. broad bay harbor k-8 center 7,500
    OAKWOOD SCHOOL
    11600 MAGNOLIA BLVD
    N HOLLYWOOD,CA91601     		N/A PC General & Unrestricted 1,000
    PELICAN HARBOR SEABIRD STATION INC
    1279 NE 79 ST CAUSEWAY
    MIAMI,FL33138     		N/A PC General & Unrestricted 5,000
    PTA FLORIDA CONGRESS - BROAD BAY HARBOR K-8 CENTER
    1155 93RD ST
    BAY HARBOR ISLANDS,FL33154     		N/A PC For stipends for the members of the Shepard Broad foundation partnership review committee 2,700
    PTA FLORIDA CONGRESS - BROAD BAY HARBOR K-8 CENTER
    1155 93RD ST
    BAY HARBOR ISLANDS,FL33154     		N/A PC Teacher of the Year award 1,000
    RANSOM EVERGLADES SCHOOL INC
    3575 MAIN HWY
    COCONUT GROVE,FL33133     		N/A PC Michael Stokes Outward Bound Endowment Fund 5,000
    RANSOM EVERGLADES SCHOOL INC
    3575 MAIN HWY
    COCONUT GROVE,FL33133     		N/A PC Annual Fund 15,000
    REFUGEE ASSISTANCE ALLIANCE INC
    1825 PONCE DE LEON BLVD 145
    CORAL GABLES,FL33134     		N/A PC Navigating the USA program 10,000
    RUTH K BROAD BAY HARBOR K-8 CENTER
    1155 93RD ST
    BAY HARBOR ISLANDS,FL33154     		N/A GOV Master Schedule Summer Planning and Preparation project 2,500
    RUTH K BROAD BAY HARBOR K-8 CENTER
    1155 93RD ST
    BAY HARBOR ISLANDS,FL33154     		N/A GOV Tutoring Program 20,000
    RUTH K BROAD BAY HARBOR K-8 CENTER
    1155 93RD ST
    BAY HARBOR ISLANDS,FL33154     		N/A GOV Ann B. Bussel Teaching Fund Awards 2021-22 5,180
    SOUTH FLORIDA PBS INC
    3401 S CONGRESS AVE
    BOYNTON BEACH,FL33426     		N/A PC in support of the KIDVision Pre-K program 8,333
    SYRACUSE UNIVERSITY
    640 SKYTOP RD FL 2
    SYRACUSE,NY13244     		N/A PC For the Ruth Kugel Broad Endowed Scholarship Fund 2,500
    TEMPLE BETH SHOLOM
    4144 CHASE AVE
    MIAMI BEACH,FL33140     		N/A PC Rabbi's discretion 9,000
    TEMPLE ISRAEL
    200 STATE ST
    PORTSMOUTH,NH03801     		N/A PC Rabbi's Discretionary Fund 1,800
    TEMPLE ISRAEL OF HOLLYWOOD
    7300 HOLLYWOOD BLVD
    LOS ANGELES,CA90046     		N/A PC General & Unrestricted 6,000
    TEMPLE JUDEA
    5500 GRANADA BLVD
    CORAL GABLES,FL33146     		N/A PC Margaux Early Childhood School Fund 3,600
    THE AMERICAN FRIENDS OF BEIT ISSIE SHAPIRO INC
    25 W 45TH ST STE 1405
    NEW YORK,NY10036     		N/A PC General & Unrestricted 15,000
    THE FOUNTAINHEAD RESIDENCY INC
    5600 N BAYSHORE DR
    MIAMI,FL33137     		N/A PC Our Stories Unite Us Visual Art Residencies for immigrant artists 40,000
    THE LERNER JEWISH COMMUNITY DAY SCHOOL
    1935 W CORNWALLIS RD
    DURHAM,NC27705     		N/A PC the Annual Fund 2,200
    THE MIAMI FOUNDATION INC
    40 NW 3RD ST STE 305
    MIAMI,FL33128     		N/A PC THRIVE 305 initiative to engage citizens in informing the priorities and agendas of local government 20,000
    THE UCLA FOUNDATION
    405 HILGARD AVE
    LOS ANGELES,CA90095     		N/A PC Center for Near East Studies SAR fund 3,000
    THE UCLA FOUNDATION
    405 HILGARD AVE
    LOS ANGELES,CA90095     		N/A PC UCLA School of Law - The Shepard Broad Scholarship fund 20,000
    TOWN OF BAY HARBOR ISLANDS
    9665 BAY HARBOR TERRACE
    BAY HARBOR ISLANDS,FL33154     		N/A GOV Annual Town Picnic and Town Dinner for Employees 25,000
    TREEPEOPLE INC
    12601 MULHOLLAND DR
    BEVERLY HILLS,CA90210     		N/A PC General & Unrestricted 1,500
    TRUSTEES OF TRUST FUNDS
    I JUNKINS AVE
    PORTSMOUTH,NH03801     		N/A GOV Lillian D. Goldin Education Fund at Portsmouth High school 1,800
    UASPIRE INC
    31 MILK ST SUITE 900
    BOSTON,MA02109     		N/A PC General & Unrestricted 500
    UNIVERSITY OF CHICAGO
    5801 S ELLIS AVE
    CHICAGO,IL60637     		N/A PC support internships for research and outplacement purposes 15,000
    UNIVERSITY OF FLORIDA FOUNDATION INC
    PO BOX 14425
    GAINESVILLE,FL32604     		N/A PC the Norman Fixel Institute for neurological diseases and the renovation of its facilities 20,000
    UNIVERSITY OF MIAMI
    4600 RICKENBACKER CAUSEWAY
    MIAMI,FL33149     		N/A PC Sea Secrets Lecture Series 2022 5,000
    UNIVERSITY OF MIAMI - UM BASCOM PALMER EYE INSTITU
    PO BOX 016880 D-880
    MIAMI,FL33101     		N/A PC Hodapp Cohen Family Fellowship for training in the treatment of childhood glaucoma at the balkin center program 10,000
    WE COUNT INC
    PO BOX 344116
    FLORIDA CITY,FL33034     		N/A PC Somos Visibles education and art workshops 2,000
    WE COUNT INC
    PO BOX 344116
    FLORIDA CITY,FL33034     		N/A PC General & Unrestricted 12,000
    YOUNG PATRONESSES OF THE OPERA INC
    PO BOX 347616
    MAIMI,FL33234     		N/A PC For educational program collaborations with Miami-dade county public schools 2,500
    Total .................................bullet 3a 871,475
    bApproved for future payment
    Total .................................bullet 3b  
    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 1,712  
    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 ............     		    18 1,884,304  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION LAWSUIT PROCEEDS     		    01 333  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   2,521,761  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,521,761
    (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.)
    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
    The Shepard Broad Foundation Inc
     
    Employer identification number

    59-0998866
    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
    The Shepard Broad Foundation Inc
          		Employer identification number
    59-0998866
    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
    Shepard Broad Charitable Lead Annui
    4400 Biscayne BLVD Suite 514
     
    Miami, FL33137

    		$ 1,344,571


    (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
    The Shepard Broad Foundation Inc
          		Employer identification number

    59-0998866
    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
    The Shepard Broad Foundation Inc
          		Employer identification number

    59-0998866
    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 CompensationExplanation
    Name:
    The Shepard Broad Foundation Inc
    EIN:
    59-0998866
    Person Name Explanation
    Deborah Bussel Deborah Bussel, president and director of the Shepard Broad foundation, Inc. (The "Foundation"), is a principal at the PHILANTHROPIC CONSULTING FIRM OF BUSSEL PHILANTHROPY ASSOCIATES LLC, A DISQUALIFIED PERSON WHICH PROVIDES PHILANTHROPIC CONSULTING SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2021, THE FOUNDATION PAID $50,000 FOR PHILANTHROPIC CONSULTING SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C. SUCH PHILANTHROPIC CONSULTING FIRM BILLED THE FOUNDATION AT THE SAME RATE OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.

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

    TY 2021 DepreciationSchedule
    Name:
    The Shepard Broad Foundation Inc
    EIN:
    59-0998866
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Shepard Broad Foundation Inc
    EIN:
    59-0998866
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADOBE SYSTEMS, INC 28,129 153,106
    ADVANCED MICRO DEVICES INC 56,333 79,577
    ALIGN TECHNOLOGY, INC 37,217 120,264
    AMAZON COM 18,721 276,750
    APPLE INC 109,226 153,243
    ASML HOLDING NV NY REG SHS 81,155 83,595
    BLOCK INC 32,910 102,236
    BURLINGTON STORES, INC 39,025 81,623
    CHIPOTLE MEX GRILL 72,856 97,902
    DEXCOM, INC 31,533 119,203
    DFA EMERGING MARKETS CORE EQ P 1,463,215 1,894,641
    DFA INTERNATIONAL SMALL CO POR 924,309 1,120,016
    DFA INTERNATIONAL VALUE PORTFO 1,488,120 2,065,478
    DFA U.S. LARGE CAP VALUE PORTF 2,293,051 4,477,710
    DFA U.S. SMALL CAP VALUE PORTF 1,458,508 2,352,193
    DODGE & COX INCOME FUND 3,595,321 3,513,904
    EDWARDS LIFESCIENCES 28,323 103,899
    INSULET CORPORATION 71,900 71,839
    INTUITIVE SURGICAL 68,309 140,127
    ISHARES RUSSELL 2000 GROWTH IN 131,417 488,221
    LULULEMON ATHLETICA INC 79,515 90,425
    MARKET VECTORS ISRAEL 264,827 400,396
    MASTERCARD INC 33,251 211,280
    MERCADOLIBRE, INC 45,865 83,601
    META PLATFORMS INC 121,125 210,219
    MICROSOFT CORP 88,746 303,697
    NETFLIX INC 105,980 119,283
    NVIDIA CORP 51,708 317,933
    PAYPAL HOLDINGS, INC 45,760 156,144
    PIMCO EMERGING MARKETS FULL SP 1,261,070 1,212,980
    PIMCO TOTAL RETURN FUND 3,591,123 3,538,124
    QUALCOMM INC 47,771 59,981
    SALESFORCE.COM 31,004 165,693
    SCHWAB S P 500 INDEX FUND SELE 2,440,000 4,563,425
    SERVICE NOW 64,848 276,521
    TRACTOR SUPPLY CO COM 61,384 91,622
    TWILIO INC 106,765 74,262
    UNITY SOFTWARE INC 36,377 34,032
    VANGAURD HIGH-YIELD CORPORATE 1,772,345 1,820,258
    VANGUARD INTL GROWTH FD ADMIRA 620,367 1,225,589
    VANGUARD SMALL CAP GROWTH INDE 299,057 976,253
    VEEVA SYSTEMS INC 32,507 138,215
    VISA INC 20,304 129,159

    TY 2021 OtherExpensesSchedule
    Name:
    The Shepard Broad Foundation Inc
    EIN:
    59-0998866
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 73,969     73,969
    Equipment Maintenance 48     48
    Equipment/Furniture Purchase 247     247
    Foundation Dues & Memberships 45     45
    CREDIT CARD FEES 185     185
    Office Supplies 739     739
    State or Local Filing Fees 61     61


    TY 2021 OtherIncomeSchedule2
    Name:
    The Shepard Broad Foundation Inc
    EIN:
    59-0998866
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Class Action Lawsuit Proceeds 333 333  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Shepard Broad Foundation Inc
    EIN:
    59-0998866
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administration of Foundation 55,000     55,000
    Investment Management Services 149,459 149,459    
    Philanthropic Consulting Srvcs 92,008     92,008


    TY 2021 TaxesSchedule
    Name:
    The Shepard Broad Foundation Inc
    EIN:
    59-0998866
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 21,100      
    990-PF Extension for 2020 4,250      
    Foreign Tax Paid 25 25