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
BEAZLEY FOUNDATION INCORPORATED
 
Number and street (or P.O. box number if mail is not delivered to street address)3720 BRIGHTON STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTSMOUTH, VA23707
A Employer identification number

54-0550100
B Telephone number (see instructions)

(757) 393-1605
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$59,385,405J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 193,234 193,234 193,234
4 Dividends and interest from securities... 755,734 755,734 755,734
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 4,636,124
b Gross sales price for all assets on line 6a 13,583,076
7 Capital gain net income (from Part IV, line 2)...  
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 167,077   167,077
12 Total. Add lines 1 through 11........ 5,752,169 948,968 1,116,045
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 251,003 100,401   150,603
14 Other employee salaries and wages...... 581,743 92,305   489,438
15 Pension plans, employee benefits....... 247,939 37,104   210,835
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 14,070 7,035   7,035
c Other professional fees (attach schedule).... Click to see attachment 4,777 2,389   2,388
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 51,934 1,112   6,603
19 Depreciation (attach schedule) and depletion... Click to see attachment 39,039 12,587  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 14,503 2,901   11,602
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 470,477 148,375   322,102
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,675,485 404,209   1,200,606
25 Contributions, gifts, grants paid....... 1,801,598 1,801,598
26 Total expenses and disbursements. Add lines 24 and 25 3,477,083 404,209   3,002,204
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,275,086
b Net investment income (if negative, enter -0-) 544,759
c Adjusted net income (if negative, enter -0-)... 1,116,045
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............. 500 500 500
2 Savings and temporary cash investments......... 211,260 137,108 137,108
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.......... 121,437 43,863 43,863
10a Investments—U.S. and state government obligations (attach schedule) 2,175,838 Click to see attachment2,688,638 2,659,047
b Investments—corporate stock (attach schedule)....... 30,695,431 Click to see attachment32,640,086 48,849,397
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,856,134 Click to see attachment5,778,000 6,725,490
14 Land, buildings, and equipment: basis bullet1,299,596
Less: accumulated depreciation (attach schedule) bullet679,950 626,574 Click to see attachment619,646 970,000
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 39,687,174 41,907,841 59,385,405
Liabilities 17 Accounts payable and accrued expenses.......... 33,913 21,597
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) Click to see attachment804,667 Click to see attachment773,933
23 Total liabilities (add lines 17 through 22)......... 838,580 795,530
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........... 38,848,594 41,112,311
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)..... 38,848,594 41,112,311
30 Total liabilities and net assets/fund balances (see instructions). 39,687,174 41,907,841
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
38,848,594
2
Enter amount from Part I, line 27a .....................
2
2,275,086
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
72,771
4
Add lines 1, 2, and 3 ..........................
4
41,196,451
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
84,140
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,112,311
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.)
1a
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
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
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  
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 7,572
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 7,572
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 8,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 75
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 10 353
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet353 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
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)
    bulletVA
    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
     
     
    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 addressbulletBEAZLEYFOUNDATION.ORG
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (757) 393-1605

    Located atbullet3720 BRIGHTON STREETPORTSMOUTHVA ZIP+4bullet23707
    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)
     
    No
    (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
     
     
    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
     
     
    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
    LAWRENCE W I'ANSON III TRUSTEE
    000.00     		0 0 0
    2510 STANLEY AVE SE
    ROANOKE,VA24014
    P WARD ROBINETT JR SECRETARY
    000.00     		0 0 0
    500 CRAWFORD ST
    PORTSMOUTH,VA23704
    DIANE POMEROY GRIFFIN VICE PRESIDE
    000.00     		0 0 0
    1 HIGH STREET SUITE 303
    PORTSMOUTH,VA23704
    W ASHTON LEWIS TRUSTEE
    000.00     		0 0 0
    3412 WESTERN BRANCH BLVD
    CHESAPEAKE,VA23321
    WHITNEY G SAUNDERS TRUSTEE
    000.00     		0 0 0
    705 W WASHINGTON STREET
    SUFFOLK,VA23434
    ROBERT S BEST PRESIDENT
    40.00     		96,346 0 0
    3720 BRIGHTON STREET
    PORTSMOUTH,VA23707
    RICHARD S BRAY TRUSTEE
    40.00     		154,657 30,818 0
    5409 HIGH ST WEST
    PORTSMOUTH,VA23703
    JOHN FAILES TRUSTEE
    000.00     		0 0 0
    5409 HIGH ST WEST
    PORTSMOUTH,VA23703
    CHRISTINE PIERSALL TRUSTEE
    000.00     		0 0 0
    222 CENTRAL PARK AVE 1700
    VIRGINIA BEACH,VA23462
    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
    DONNA M RUSSELL SENIOR CTR D
    000.00     		101,664 26,240  
    3720 BRIGHTON ST
    PORTSMOUTH,VA23707
    KARA D WOOD EXEC ASSISTA
    000.00     		61,029 10,241  
    3720 BRIGHTON STREET
    PORTSMOUTH,VA23707
    PATRICIA A CARLSON COMPTROLLER
    000.00     		51,449 10,164  
    3720 BRIGHTON ST
    PORTSMOUTH,VA23707
    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
    NONE
    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 N/A  
    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
    55,795,746
    b
    Average of monthly cash balances.......................
    1b
    236,192
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    56,031,938
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    56,031,938
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    840,479
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    55,191,459
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,759,573
    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
    2,759,573
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    7,572
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,572
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,752,001
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,752,001
    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
    2,752,001
    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 2,752,001
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 179,896
    b From 2017...... 425,618
    c From 2018...... 1,020,358
    d From 2019...... 513,697
    e From 2020...... 340,112
    f Total of lines 3a through e ........ 2,479,681
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,002,204
    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..... 2,752,001
    e Remaining amount distributed out of corpus 250,203
    5 Excess distributions carryover applied to 2021.    
    (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 2,729,884
    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) ...     		179,896
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,549,988
    10 Analysis of line 9:
    a Excess from 2017.... 425,618
    b Excess from 2018.... 1,020,358
    c Excess from 2019.... 513,697
    d Excess from 2020.... 340,112
    e Excess from 2021.... 250,203
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    THE BEAZLEY FOUNDATION
    3720 BRIGHTON STREET
    PORTSMOUTH,VA23707
    (757) 393-1605
    bThe form in which applications should be submitted and information and materials they should include:
    ALL GRANT PROPOSALS MUST BE DISCUSSED WITH THE PRESIDENT OF THE FOUNDATION OR HIS OR HER DESIGNEE PRIOR TO SUBMISSION. APPLICATIONS WILL BE FORWARDED AFTER DISCUSSION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ABILITY CENTER
    5825 ARROWHEAD DRIVE
    VIRGINIA BEACH,VA23462     		NONE 501C3 2021 SUMMER CAMP ASSISTANCE 10,000
    ACADEMY OF MUSIC
    PO BOX 11146
    NORFOLK,VA23517     		NONE 501C3 PARKVIEW STRINGS PROGRAM & EDUC PROG 25,000
    AMERICAN COUNCIL OF TRUSTEES AND AL
    1730 M STREET NW
    SUITE 600
    WASHINGTON,DC20036     		NONE 501C3 25TH ANNIVERSARY CELEBRATION 5,000
    ASSOCIATION OF FUNDRAISING PROFESS
    PO BOX 2338
    NORFOLK,VA23502     		NONE 501C3 BENEFACTOR SPONSORSHIP FOR 2021 5,000
    BARRIER ISLANDS CENTER
    PO BOX 206
    MACHIPONGO,VA234050206     		NONE 501C3 HVAC & EDUCATIONAL INITIATIVES 50,000
    BOYS & GIRLS CLUB OF SE VIRGINIA
    1300 DIAMOND SPRINGS ROAD
    VIRGINIA BEACH,VA23455     		NONE 501C3 FURN. & TECHNOLOGY NEEDS 78,000
    CHANCO ON THE JAMES INC
    CAMP CHANCO
    394 FLOODS DRIVE
    SPRING GROVE,VA23881     		NONE 501C3 WELCOME CENTER 25,000
    CHESAPEAKE BAY FOUNDATION
    3663 MARLIN BAY DRIVE
    VIRGINIA BEACH,VA23455     		NONE 501C3 OYSTER RESTORATION 25,000
    CHRISTOPHER NEWPORT UNIVERSITY
    ONE UNIVERSITY PLACE
    NEWPORT NEWS,VA23606     		NONE 501C3 BEAZLEY FOUNDATION ENDOWED SCHOLARSH 125,000
    EGGLESTON
    5145 E VA BEACH BLVD
    NORFOLK,VA23502     		NONE 501C3 PURCHASE & RENOVATE NEW FACILITY 50,000
    FEAR 2 FREEDOM
    PO BOX 6104
    NEWPORT NEWS,VA23606     		NONE 501C3 PURCHASE OF FREEDOM KITS 5,000
    FORT NELSON CH NATIONAL SOCIETY
    DAR
    114 SHORE DRIVE
    PORTSMOUTH,VA23703     		NONE 501C3 FENCE REPAIR 1,898
    GIRL SCOUTS OF THE COLONIAL COAST
    912 CEDAR ROAD
    CHESAPEAKE,VA233227002     		NONE 501C3 REPAIRS TO CAMP OUTBACK IN CHESAPEAK 30,000
    GIVING USA FOUNDATION
    225 W WACKER DR SUITE 650
    CHICAGO,IL60606     		NONE 501C3 ANNUAL CAMPAIGN 2,500
    HAMPTON ROADS WORKFORCE COUNCIL
    999 WATERSIDE DR
    SUITE 1314
    NORFOLK,VA23510     		NONE 501C3 JOB TRAINING/TRADE PROG FOR YOUTH 50,000
    HELP & EMERGENCY RESPONSE INC
    PO BOX 2187
    PORTSMOUTH,VA23703     		NONE 501C3 FACILITY REPAIRS & UPGRADES 30,000
    HISTORIC LUKES CHURCH
    1477 BENNS CHRUCH BLVD
    SMITHFIELD,VA23430     		NONE 501C3 MAJOR GIFTS INITIATIVE 20,000
    HOFFLER CREEK WILDLIFE FOUNDATION
    4510 TWIN PINES ROAD
    PORTSMOUTH,VA23703     		NONE 501C3 KAYAK DOCK 20,000
    HOLIDAY HOUSE OF PORTSMOUTH
    4211 COUNTY ST
    PORTSMOUTH,VA23707     		NONE 501C3 CHALLENGED ADULT CARE 20,000
    IWO JIMA MEMORIAL PARK
    PO BOX 5926
    WILLIAMSBURG,VA23188     		NONE 501C3 WWII IWO JIMA MEMORIAL PARK 5,000
    LEES FRIENDS
    7400 HAMPTON BLVD
    NORFOLK,VA23505     		NONE 501C3 EMERGENCY HUMANITARIAN GRANT 5,000
    MERCY CHEFS
    711 WASHINGTON ST
    PORTSMOUTH,VA23704     		NONE 501C3 REFRIGERATED TRUCK 50,000
    NANSEMOND SUFFOLK ACADEMY
    711 WASHINGTON STREET
    SUFFOLK,VA23434     		NONE 501C3 ATHLETIC FIELD IMPROVEMENTS 125,000
    NORFOLK BOTANICAL GARDENS
    6700 AZALEA GARDEN ROAD
    NORFOLK,VA23518     		NONE 501C3 REPAIR BULKHEAD 50,000
    NORFOLK CHRISTIAN SCHOOLS
    255 THOLE STREET
    NORFOLK,VA23505     		NONE 501C3 REPLACE END OF LIFE COMPUTERS 50,000
    NORFOLK COLLEGIATE SCHOOL
    7336 GRANBY STREET
    NORFOLK,VA23505     		NONE 501C3 RENOVATION- CLIMATE CONTROL SYSTEM 80,000
    ODU COLLEGE OF HEALTH SCIENCES FOUN
    4417 MONARCH WAY
    NORFOLK,VA23529     		NONE 501C3 ODU COLLEGE OF HEALTH SCIENCES ENDOW 125,000
    ONESIMUS MINISTRIES OF NORFOLK
    PO BOX 12241
    NORFOLK,VA23510     		NONE 501C3 HVAC /NEW FLOORING -CHESAPEAKE HOUSE 7,500
    PORTSMOUTH BRUINS FOOTBALL & CHEER
    308 PEBBLE CREEK DRIVE
    SUFFOLK,VA23425     		NONE 501C3 10U FOOTBALL POP WARNER CHAMP 1,000
    PORTSMOUTH DEVELOPMENT FOUNDATION
    719 HIGH ST
    PORTSMOUTH,VA23704     		NONE 501C3 RENOV ASSIST FOR BLOOM CO WORKIING 50,000
    PORTSMOUTH MUSEUMS FOUNDATION
    521 MIDDLE STREET
    PORTSMOUTH,VA23704     		NONE 501C3 PLANETARIUM UPGRADES 60,000
    PORTSMOUTH PUBLIC SCHOOLS FOUNDATIO
    5209 SWEETBRIAR CIRCLE
    PORTSMOUTH,VA23703     		NONE 501C3 PORTSMOUTH READS 2,500
    PORTSMOUTH SCHOOLS FOUNDATION
    801 CRAWFORD STREET
    PORTSMOUTH,VA23704     		NONE 501C3 BEAZLEY SCHOLARSHIPS 88,000
    REGENT UNIVERSITY
    1000 REGENT UNIVERSITY DR
    VIRGINIA BEACH,VA23464     		NONE 501C3 COGNOS SOFTWARE IMPLEMENTATION 100,000
    REGENT UNIVERSITY SCHOOL OF LAW
    1000 REGENT UNIVERSITY DR
    VIRGINIA BEACH,VA234649800     		NONE 501C3 EVICTION CRISIS LAWYER 10,000
    ROC SOLID
    5161 WEST MILITARY HWY
    SUITE 100
    CHESAPEAKE,VA23321     		NONE 501C3 SPRINTER VAN 20,000
    SOCIETY OF ST ANDREW
    3383 SWEET HOLLOW ROAD
    BIG ISLAND,VA24526     		NONE 501C3 GLEANING PROGRAM 5,000
    ST MARY'S HOME
    6171 KEMPSVILLE CIRCLE
    NORFOLK,VA23502     		NONE 501C3 TRU-D SMART ROBOT DECONTAMINATION 50,000
    ST MATTHEW'S SCHOOL
    3316 SANDRA LANE
    VIRGINA BEACH,VA23463     		NONE 501C3 NEW BUS 40,000
    STONEBRIDGE SCHOOL
    1629A JOLLIFF ROAD
    CHESAPEAKE,VA23321     		NONE 501C3 BUILDING THE FUTURE CAMPAIGN 125,000
    TALMUDICAL ACADEMY OF NORFOLK
    612 COLONIAL AVENUE
    NORFOLK,VA23507     		NONE 501C3 ASSIST IN OPERATIONAL NEEDS 10,000
    TIDEWATER PASTORAL COUNSELING SERV
    7305 HAMPTON BOULEVARD
    SUITE B
    NORFOLK,VA23505     		NONE 501C3 SUPPORT OF THE CLIENT ASSIST. FUND 10,000
    TIDEWATER WINDS
    PO BOX 6200
    VIRGINIA BEACH,VA23466     		NONE 501C3 CONCERT SEASON 10,000
    TORAS CHAIM
    3110 STERLING POINT DRIVE
    PORTSMOUTH,VA23703     		NONE 501C3 OPERATIONAL NEEDS 10,000
    UNION MISSION MINISTRIES
    PO BOX 3203
    NORFOLK,VA23514     		NONE 501C3 TECH. NEEDS FOR WOMEN'S CENTER 40,000
    VA AQUARIUM & MARINE SCIENCE CENTER
    717 GENERAL BOOTH BLVD
    SUITE 10
    VIRGINIA BEACH,VA23451     		NONE 501C3 REPAIRS TO QUONSET HUT 15,000
    VIRGINIA LEGAL AID SOCIETY
    PO BOX 6200
    LYNCHBURG,VA24505     		NONE 501C3 PROTECTED SECURED HOUSING PROG . 20,000
    VIRGINIA WESLEYAN UNIVERSITY
    5817 WESLEYAN DR
    VIRGINIA BEACH,VA23455     		NONE 501C3 UPGRADES-BEAZLEY STUDENT TECH CENTER 50,000
    WESLEY COMMUNITY SERVICE CENTER
    1701 ELM ST
    PORTSMOUTH,VA23704     		NONE 501C3 TUTORING PROGRAM 5,000
    ZION BAPTIST CHURCH
    LEGACY LEARNING ACADEMY
    225 HATTON STREET
    PORTSMOUTH,VA23704     		NONE 501C3 TYRONE & PAT HINES SCHOLARSHIP 5,200
    Total .................................bullet 3a 1,801,598
    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 ...........     		    14 193,234  
    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 ............     		        4,636,124
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFREEDOM INDUSTRIAL ASSOCIAT     		531120 -7,755      
    bHGI OPP SELECT FUND IV LLC 531120 51,943      
    cHGI OPP SELECT FUND V LLC 531120 -2,331      
    dHGI OPP SELECT FUND VI LLC 531120 29,290      
    eHGI OPP SELECT FUND VII LLC 531120 26,700      
    fHGI OPPORTUNITY FUND III LL 531120 22,420      
    gHGI OPPORTUNITY FUND VII LL 531120 -258      
    hHGI OPPORTUNITY FUND XIII L 531120 16,825      
    iHGI OPPORTUNITY FUND XIV LL 531120 -14,303      
    jHGI OPPORTUNITY FUND XV LLC 531120 -75,947      
    kHGI OPPORTUNITY FUND XVI LL 531120 -40,153      
    lHGI US PROPERTY FUND IV LLC 531120 8,856      
    mHGI US PROPERTY FUND V LLC 531120 -12      
    nHRE RETAIL INCOME FUND I LP 531120 54,269      
    oHRE RETAIL INCOME FUND II L 531120 43,709      
    pKITTY HAWK ASSOCIATES LLC 531120        
    qRCC GF LLC 531120 79,316      
    rRCC MANNING LLC 531120 9,906      
    sWHEELER REIT LP 531120 6,639      
    tUBI PER K1 531120 -42,037      
    12 Subtotal. Add columns (b), (d), and (e) .. 167,077 948,968 4,636,124
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,752,169
    (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

    TY 2021 AccountingFeesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING SERVICES 14,070 7,035   7,035

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

    TY 2021 DepreciationSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    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
    BLDG-BSC 1956-12-01 96,439 96,439 S/L 34.0000   12,587    
    ADDTN-BSC 1974-01-01 56,318 56,318 S/L 10.0000        
    ADDTN-BSC 1974-07-01 9,650 9,650 S/L 10.0000        
    LAND-BSC 1973-12-01 10,715              
    LAND-BSC 1984-10-31 1,771              
    LAND-ADMIN 1984-05-31 46,460              
    SIDING-BSC 1984-03-31 2,000 2,000 S/L 7.0000        
    SHELTER-BSC 1991-03-31 9,616 9,616 S/L 10.0000        
    CHAIRS-BSC 1994-07-01 307 307 S/L 8.0000        
    SAFE-BSC 1995-07-01 222 222 S/L 8.0000        
    FILE CABINET 1995-07-01 296 296 S/L 8.0000        
    4 FIRE EXTING 1995-07-01 140 140 S/L 8.0000        
    75 FOLDING 1995-07-01 515 515 S/L 8.0000        
    CREDENZA 1995-07-01 208 208 S/L 8.0000        
    VACUUM-BSC 1990-05-01 414 414 S/L 5.0000        
    KILN-BSC 1990-07-12 1,006 1,006 S/L 5.0000        
    HI-VAC 1990-10-15 1,672 1,672 S/L 5.0000        
    BLACKBD-BSC 1991-05-09 251 251 S/L 5.0000        
    KILN-BSC 1992-09-02 1,124 1,124 S/L 5.0000        
    KILN 1993-04-15 1,254 1,254 S/L 5.0000        
    FLAG POLE 1993-06-07 1,162 1,162 S/L 5.0000        
    PICNIC 1993-06-30 809 809 S/L 5.0000        
    KILN 1994-03-23 1,379 1,379 S/L 5.0000        
    LENOX 1997-01-24 4,430 4,430 S/L 5.0000        
    BINGO 1997-09-17 5,225 5,225 S/L 5.0000        
    KILN VENTS 1998-04-28 3,236 3,236 S/L 5.0000        
    GRILL-BSC 1999-05-03 199 199 S/L 5.0000        
    STEREO-BSC 1999-07-29 261 261 S/L 8.0000        
    LOUD SPEAKERS 1999-02-23 503 503 S/L 8.0000        
    CHAIR 2001-01-03 167 167 S/L 7.0000        
    25 FOLDING 2001-05-02 522 522 S/L 7.0000        
    SANDER 2001-11-30 387 387 S/L 5.0000        
    COUNTERTOP 2000-10-29 1,160 1,160 S/L 5.0000        
    2 COMPUTERS 2002-10-28 1,592 1,592 S/L 5.0000        
    20 - CHAIRS 2002-06-21 645 645 S/L 7.0000        
    COMPUTER 2002-07-12 980 980 S/L 5.0000        
    BANDSAW 2004-02-19 408 408 S/L 5.0000        
    COMPUTER 2004-04-29 1,114 1,114 S/L 5.0000        
    LOVESEATS 2004-09-08 378 378 S/L 5.0000        
    COMPUTER 2005-09-23 2,736 2,736 S/L 5.0000        
    OFFICE FURNITURE 2006-07-21 3,273 3,273 S/L 7.0000        
    CHAIR 2007-01-29 1,872 1,872 S/L 7.0000        
    DEFIBRILLATOR 2007-03-08 1,715 1,715 S/L 5.0000        
    COMPUTER 2007-10-29 658 658 S/L 5.0000        
    SECURITY SYSTEM 2007-11-29 2,050 2,050 S/L 5.0000        
    AIR CONDITIONER 2008-09-12 2,100 2,100 S/L 5.0000        
    DISHWASHER/WALL 2008-01-16 1,237 1,237 S/L 5.0000        
    HVAC REPLACEMENT - ADM 2012-06-27 4,490 4,490 S/L 5.0000        
    TELEVISON - BSC 2012-10-04 2,293 2,293 S/L 5.0000        
    COMPUTERS 2014-01-30 2,164 2,164 S/L 5.0000        
    ELECTRONIC SYSTEMS 2014-02-12 2,236 2,236 S/L 5.0000        
    NEW FLOORING 2003-02-12 2,119 973 S/L 39.0000 55      
    REFINISH 1995-07-25 2,385 1,516 S/L 40.0000 59      
    ROOF BSC 2004-01-05 2,795 1,218 S/L 39.0000 72      
    FINISH OLD 2001-06-18 3,024 1,515 S/L 39.0000 78      
    BATHROOM LIGHTS/MIRROR 2014-12-01 701 609 S/L 7.0000 92      
    SLAB ROLLER 2014-04-07 2,140 2,140 S/L 5.0000        
    ACOUSTICAL 1999-10-25 5,377 2,845 S/L 40.0000 135      
    COMPUTERS 2014-09-22 992 992 S/L 5.0000        
    SIGN MEDIA 2014-12-01 3,280 998 S/L 20.0000 164      
    COMPUTER 2018-10-12 877 395 S/L 5.0000 175      
    COMPUTER 2018-10-12 877 395 S/L 5.0000 175      
    COMPUTER 2018-10-12 877 395 S/L 5.0000 175      
    IMPROVEMENTS 2019-10-16 42,204 1,231 S/L 40.0000 1,055      
    OFFICE CHAIRS 2014-09-26 1,288 1,150 S/L 7.0000 138      
    ARCHITECT FEES 1993-12-23 9,473 6,394 S/L 40.0000 237      
    HANDICAP RAMP 2005-12-22 3,575 3,575 S/L 15.0000        
    FENCE 2018-08-03 3,920 604 S/L 15.0000 262      
    HVAC 2019-05-23 6,800 718 S/L 15.0000 453      
    WINDOW SHADES 2014-12-01 1,868 1,624 S/L 7.0000 244      
    REFRIGERATOR 2014-10-24 1,649 1,649 S/L 5.0000        
    FILE DRAWER 2017-01-23 1,404 1,100 S/L 5.0000 281      
    ATLANTIC ENVIRONMENTAL 2014-12-01 11,420 1,762 S/L 39.0000 293      
    COMPUTERS 2014-04-08 5,974 5,974 S/L 5.0000        
    GLASS MIRROR 2014-08-01 2,707 2,707 S/L 5.0000        
    WIRELESS AP 2019-02-22 1,240 758 S/L 3.0000 414      
    ROOFING - BSC 2012-12-13 3,680 2,975 S/L 10.0000 368      
    ROOFING - BSC 2011-02-07 4,140 4,106 S/L 10.0000 34      
    ADM ROOF 2008-04-24 16,920 5,495 S/L 39.0000 434      
    WINDOW REPAIR - BSC 2012-01-03 4,383 3,945 S/L 10.0000 438      
    FURNITURE 2017-05-23 2,205 1,379 S/L 5.0000 441      
    CHAIR, BOOKCASE, TABLE 2014-12-02 3,287 2,857 S/L 7.0000 430      
    FIREWALL 2019-02-28 1,719 1,050 S/L 3.0000 573      
    ARCHITECTURAL SERV - RENOVATIONS 2014-12-01 18,836 2,926 S/L 39.0000 483      
    PHONE SYSTEM 2019-05-13 4,084 1,361 S/L 5.0000 817      
    COPIER 2018-02-22 2,783 1,577 S/L 5.0000 556      
    RHEEM A/C UNIT 2013-10-11 7,380 5,351 S/L 10.0000 738      
    OFFICE FURNITURE 2014-06-18 5,600 5,200 S/L 7.0000 400      
    OFFICE FURNITURE 2014-09-08 6,267 5,670 S/L 7.0000 597      
    ARCHITECTURAL SERV - RENOVATIONS 2014-12-01 35,066 5,447 S/L 39.0000 899      
    PHONE SYSTEM 2018-04-20 5,608 2,991 S/L 5.0000 1,122      
    BATHROOMS RENOVATIONS 2014-12-04 49,514 7,692 S/L 39.0000 1,269      
    ROOFING - BSC 2010-03-22 13,400 13,400 S/L 10.0000        
    CARPET 2014-12-01 7,804 7,804 S/L 5.0000        
    RENOVATIONS 2014-12-01 70,582 10,964 S/L 39.0000 1,810      
    BLDG-ADMIN 1984-05-31 74,205 67,867 S/L 40.0000 1,855      
    OFFICE FURNITURE 2014-06-05 13,575 12,767 S/L 7.0000 808      
    OFFICE FURNITURE 2014-09-08 15,274 13,820 S/L 7.0000 1,454      
    RENOVATIONS 2014-12-01 92,815 14,418 S/L 39.0000 2,380      
    OFFICE RENOVATIONS 2014-12-04 160,541 24,939 S/L 39.0000 4,116      
    BSC ADDITION 1993-12-23 198,553 134,023 S/L 40.0000 4,964      
    HVAC 2020-08-23 7,500 250 S/L 10.0000 750      
    2020 TOYOTA HIGHLANDER 2020-01-28 31,039 5,690 S/L 5.0000 5,860      
    ROOF 2021-06-14 25,623   S/L 39.0000 356      
    COMPUTER 2021-08-24 2,050   200DB 5.0000 308      
    CONFERENCE ROOM AV 2021-12-21 2,113   200DB 5.0000 106      
    NETWORK UPGRADE 2021-12-21 2,325   200DB 5.0000 116      

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
      2021-12 PURCHASE 2021-12   13,574,251 8,946,952     4,627,299  
    FROM REAL ESTATE K1S 2021-12 PURCHASE 2021-12   8,825       8,825  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITIES AND MUTUAL FUNDS 32,640,086 48,849,397

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    US Government Securities - End of Year Book Value:

    2,688,638
    US Government Securities - End of Year Fair Market Value:

    2,659,047
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CASH EQUIVALENTS AT COST 1,964,520 1,964,520
    PARTNERSHIP INTERESTS AT COST 903,891 1,841,053
    FIXED INCOME INVESTMENTS AT COST 2,909,589 2,919,917

    TY 2021 LandEtcSchedule2
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      1,240,650 679,950 560,700  
      58,946   58,946 970,000


    TY 2021 OtherDecreasesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Amount
    INVESTMENT COST ADJUSTMENT 84,140


    TY 2021 OtherExpensesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES AND SUBSCRIPTIONS 965 193   772
    INSURANCE 20,173 2,211   17,962
    INVESTMENT MGMT FEES 340,465 137,824   202,641
    MEETINGS AND SPONSORSHIPS 6,166 1,234   4,932
    OFFICE SUPPLIES 17,659 3,008   14,651
    PROGRAM SUPPLIES 27,400     27,400
    REPAIRS AND MAINTENANCE 21,622 1,638   19,984
    UTILITIES 36,027 2,267   33,760


    TY 2021 OtherIncomeSchedule2
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FREEDOM INDUSTRIAL ASSOCIATES -7,755   -7,755
    HGI OPP SELECT FUND IV LLC 51,943   51,943
    HGI OPP SELECT FUND V LLC -2,331   -2,331
    HGI OPP SELECT FUND VI LLC 29,290   29,290
    HGI OPP SELECT FUND VII LLC 26,700   26,700
    HGI OPPORTUNITY FUND III LLC 22,420   22,420
    HGI OPPORTUNITY FUND VII LLC -258   -258
    HGI OPPORTUNITY FUND XIII LLC 16,825   16,825
    HGI OPPORTUNITY FUND XIV LLC -14,303   -14,303
    HGI OPPORTUNITY FUND XV LLC -75,947   -75,947
    HGI OPPORTUNITY FUND XVI LLC -40,153   -40,153
    HGI US PROPERTY FUND IV LLC 8,856   8,856
    HGI US PROPERTY FUND V LLC -12   -12
    HRE RETAIL INCOME FUND I LP 54,269   54,269
    HRE RETAIL INCOME FUND II LP 43,709   43,709
    RCC GF LLC 79,316   79,316
    RCC MANNING LLC 9,906   9,906
    WHEELER REIT LP 6,639   6,639
    UBI PER K1 -42,037   -42,037


    TY 2021 OtherIncreasesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Amount
    CHANGE IN DEFERRED COMP LIABILITY 30,734
    REAL ESTATE LP INCOME DIFFERENCE 42,037


    TY 2021 OtherLiabilitiesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED COMPENSATION 804,667 773,933


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 4,777 2,389   2,388


    TY 2021 TaxesSchedule
    Name:
    BEAZLEY FOUNDATION INCORPORATED
    EIN:
    54-0550100
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 44,219      
    OTHER TAXES 7,715 1,112   6,603