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
AUSHERMAN FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)7420 HAYWARD ROAD 203
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FREDERICK, MD21702
A Employer identification number

20-4937263
B Telephone number (see instructions)

(301) 620-4477
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$24,271,943J 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) 5,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 272,873 272,873  
5a Gross rents............ 29,551 29,551  
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,106,797
b Gross sales price for all assets on line 6a 5,135,248
7 Capital gain net income (from Part IV, line 2)... 2,106,797
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 -7,803 -3,711  
12 Total. Add lines 1 through 11........ 7,401,418 2,405,510  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 128,401 0   128,401
14 Other employee salaries and wages...... 62,170 0   62,170
15 Pension plans, employee benefits....... 11,681 0   11,681
16a Legal fees (attach schedule)......... Click to see attachment 6,203 0   6,203
b Accounting fees (attach schedule)....... Click to see attachment 11,000 0   11,000
c Other professional fees (attach schedule).... Click to see attachment 82,068 72,093   9,975
17 Interest............... 5,051 5,051   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 58,738 10,793   27,445
19 Depreciation (attach schedule) and depletion... Click to see attachment 201,847 201,847  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 182,655 -187,627   191,754
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 749,814 102,157   448,629
25 Contributions, gifts, grants paid....... 444,527 444,527
26 Total expenses and disbursements. Add lines 24 and 25 1,194,341 102,157   893,156
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,207,077
b Net investment income (if negative, enter -0-) 2,303,353
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............. 574,019 44,362 44,362
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet2,602
Less: allowance for doubtful accounts bullet   10,236 2,602 2,602
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.......... 30,197 28,258 28,258
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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).......... 11,221,111 Click to see attachment17,497,332 17,497,332
14 Land, buildings, and equipment: basis bullet8,757,628
Less: accumulated depreciation (attach schedule) bullet573,601 8,130,144 Click to see attachment8,184,027 6,699,389
15 Other assets (describe bullet) Click to see attachment2,200 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,967,907 25,756,581 24,271,943
Liabilities 17 Accounts payable and accrued expenses.......... 1,874,126 1,161,382
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 173,355 173,355
22 Other liabilities (describe bullet) Click to see attachment77,282 Click to see attachment5,000
23 Total liabilities (add lines 17 through 22)......... 2,124,763 1,339,737
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 17,843,144 24,416,844
29 Total net assets or fund balances (see instructions)..... 17,843,144 24,416,844
30 Total liabilities and net assets/fund balances (see instructions). 19,967,907 25,756,581
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
17,843,144
2
Enter amount from Part I, line 27a .....................
2
6,207,077
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
674,361
4
Add lines 1, 2, and 3 ..........................
4
24,724,582
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
307,738
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,416,844
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 PUBLICY TRADED SECURITIES - MORGAN STANLEY #0826      
b PUBLICLY TRADED SECURITIES - MORGAN STANLEY #0831      
c PUBLICLY TRADED SECURITIES - MORGAN STANLEY #2415      
d PUBLICLY TRADED SECURITIES - MORGAN STANLEY #2417      
e PUBLICLY TRADED SECURITIES - MORGAN STANLEY #2418      
PUBLICLY TRADED SECURITIES - MORGAN STANLEY #9525      
PUBLICLY TRADED SECURITIES - MORGAN STANLEY #9860      
PUBLICLY TRADED SECURITIES - MORGAN STANLEY #9883      
FROM K-1 ARTHUR STREET FUND P    
FROM K-1 PENN SQUARE P    
FROM K-1 PATRIOT CAPITAL III P    
FROM K-1 PATRIOT CAPITAL III P    
CAPITAL GAINS DIVIDENDS P    
(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 167,282   140,283 26,999
b 98,692   73,060 25,632
c 222,655   190,894 31,761
d 285,941   142,719 143,222
e 67,642   70,260 -2,618
1,804,427   1,703,917 100,510
1,793,500   563,811 1,229,689
218,594   143,390 75,204
26,576     26,576
    117 -117
31,601     31,601
4,237     4,237
414,101     414,101
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       26,999
b       25,632
c       31,761
d       143,222
e       -2,618
      100,510
      1,229,689
      75,204
      26,576
      -117
      31,601
      4,237
      414,101
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 2,106,797
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 32,017
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 32,017
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,087
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,087
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 497
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 11,573
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet11,573 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    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 addressbulletWWW.AUSHERMANFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletLAURA LEBO Telephone no.bullet (301) 620-4477

    Located atbullet7420 HAYWARD ROAD SUITE 203FREDERICKMD ZIP+4bullet21702
    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
     
    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
    MARVIN E AUSHERMAN TRUSTEE/CHAIRMAN/FOUNDER
    3.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    JUSTIN E AUSHERMAN TRUSTEE/VICE CHAIR/SECRETARY
    3.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    JOSEPH S WELTY TRUSTEE
    3.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    RENEE AUSHERMAN TRUSTEE/TREASURER
    3.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    LEIGH ADAMS EXECUTIVE DIRECTOR
    40.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    DR DENISE ROLLINS TRUSTEE
    3.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    TAMMIE WORKMAN TRUSTEE
    3.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    JOSHUA PEDERSON TRUSTEE
    3.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    JEREMY HOLDER TRUSTEE
    3.00     		0 0 0
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    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
    LEIGH K ADAMS EXECUTIVE DIRECTOR
    40.00     		128,401 0 0
    9005 MOUNTAINBERRY CIRCLE
    FREDERICK,MD21702
    LORI PERKINS GRANTS MANAGER
    40.00     		76,471 0 0
    2603 BEAR DEN RD
    FREDERICK,MD21701
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 MAINTENANCE AND OPERATING EXPENSES FOR BUILDINGS FOR CHARITABLE USE 49,807
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    12,509,521
    b
    Average of monthly cash balances.......................
    1b
    80,687
    c
    Fair market value of all other assets (see instructions)................
    1c
    360,624
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,950,832
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,950,832
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    194,262
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    12,756,570
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    637,829
    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
    637,829
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    32,017
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    32,017
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    605,812
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    605,812
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    605,812
    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 7 605,812
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 990,231
    b From 2017...... 1,458,643
    c From 2018...... 865,236
    d From 2019...... 8,294,358
    e From 2020...... 930,002
    f Total of lines 3a through e ........ 12,538,470
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 893,156
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 605,812
    e Remaining amount distributed out of corpus 287,344
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 12,825,814
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		990,231
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		11,835,583
    10 Analysis of line 9:
    a Excess from 2017.... 1,458,643
    b Excess from 2018.... 865,236
    c Excess from 2019.... 8,294,358
    d Excess from 2020.... 930,002
    e Excess from 2021.... 287,344
    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:
    LORI PERKINS GRANTS COORDINATOR AUS
    7420 HAYWARD ROAD SUITE 203
    FREDERICK,MD21702
    (301) 620-4443
    bThe form in which applications should be submitted and information and materials they should include:
    VISIT WWW.AUSHERMANFAMILYFOUNDATION.ORG, CHOOSE "GRANT APPLICATION", AND FOLLOW INSTRUCTIONS PROVIDED.
    cAny submission deadlines:
    SUBMISSIONS WILL BE REVIEWED BY THE PHILANTHROPIC COMMITTEE THAT MEETS SIX TIMES EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GLOBAL FUNDS ARE AVAILABLE, BUT LIMITED. 90% OF THE FUNDS AVAILABLE MUST BENEFIT FREDERICK COUNTY, MD.
    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
    ADVOCATES FOR THE AGING OF FREDERICK
    PO BOX 3625
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 4,000
    AFRICAN AMERICAN RESOURCES
    PO BOX 3903
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 3,600
    ALZHEIMER'S ASSOCIATION
    1850 YORK ROAD STE D
    TIMONIUM,MD21093     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,600
    ANGEL FUND INC
    PO BOX 171
    POINT OF ROCKS,MD21777     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,500
    ARBOR DAY FOUNDATION
    211 NORTH 12TH STREET
    LINCOLN,NE68508     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    ASSOCIATION OF FUNDRAISING PROFESSIONALS
    4300 WILSON BLVD STE 300
    ARLINGTON,VA22203     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,000
    BLESSINGS IN A BACKPACK
    PO BOX 3508
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    BOY SCOUTS OF AMERICA
    1325 W WALNUT HILL
    IRVING,TX75038     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,000
    BOYS AND GIRLS CLUB OF FREDERICK COUNTY
    413 BURCK STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 100
    BOYS AND GIRLS CLUB OF WASHINGTON COUNTY
    805 PENNSYLVANIA AVENUE
    HAGERSTOWN,MD21742     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    CALVARY ASSEMBLY OF GOD
    PO BOX 1049
    FREDERICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 307
    CAPOEIRA SOCIAL PROJECT
    918 S CURLEY STREET
    BALTIMORE,MD21224     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,600
    CAROLINA CARING INC
    3975 ROBINSON ROAD
    NEWTON,NC28658     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 100
    CERE COMMUNITY PROJECT
    7351 BODEGA AVENUE
    SEBASTOPOL,CA95472     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 200
    CHILDREN OF INCARCERATED PARENTS
    PO BOX 791
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,300
    CHURCH OF THE REDEEMER
    5606 BUCKEYSTOWN PIKE
    FREDERICK,MD21704     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 300
    COLOR ON THE CREEK
    1509 HOMESTEAD AVE
    FREDERICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,550
    COMMUNITY FOUNDATION OF FREDERICK
    312 E CHURCH ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 4,500
    COMMUNITY FOUNDATION OF WASHINGTON COUNTY
    37 S POTOMAC ST
    HAGERSTOWN,MD21740     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    CRISTOSAL INC
    370 SHELBURNE ROAD 4424
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 250
    DELAND CHORUS PARENT ASSOCIATION
    800 N HILL
    DELAND,FL32724     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    DISABILITY RIGHTS FUND INC
    89 SOUTH STREET STE 203
    BOSTON,MA02111     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 750
    DONORSCHOOSE
    134 W 37TH ST FLOOR 11
    NEW YORK,NY10018     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 50
    DOWNTOWN FREDERICK PARTNERSHIP
    19 E CHURCH ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 33,750
    EMPOWERING COMMUNITY LEADERS
    PO BOX 369
    WALKERSVILLE,MD21793     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,500
    EXPONENT PHILANTHROPY
    PO BOX 65607
    WASHINGTON,DC200355607     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,500
    FEBRUARY STAR SANCTUARY
    3910 AUSHERMAN RD
    KNOXVILLE,MD21758     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 50
    FEDERATED CHARITIES
    22 S MARKET ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,000
    FREDERICK ARTS COUNCIL INC
    3 N COURT STREET STE 2A
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 85,000
    FREDERICK COUNTY CAREER AND TECHNOLOGY CENTER
    7922 OPPOSSUMTOWN PIKE
    FREDERICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    FREDERICK COUNTY EXTENSION
    7998 REGENTS DR
    COLLEGE PARK,MD20742     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 425
    FREDERICK COUNTY PUBLIC LIBRARIES
    12 EAST CHURCH STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,995
    FREDERICK COUNTY PUBLIC SCHOOLS
    191 S EAST STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    FREDERICK FRIENDS OF OUR COUNTY ANIMAL SHELTER
    132 W SECOND STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,000
    FREDERICK UNION RESCUE MISSION
    PO BOX 3389
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 11,500
    FREDERICK COMMUNITY ACTION AGENCY
    100 SOUTH MARKET STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 50,000
    FRIENDS OF CHILD ADVOCACY
    PO BOX 3344
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    FRIENDS OF TOLSONS CHAPEL
    PO BOX 162
    SHARPSBURG,MD21782     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    GREAT WORKS REGIONAL LAND
    610 MAIN ST
    OGUNQUIT,ME03907     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 50
    HEARTLY HOUSE
    PO BOX 857
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,557
    HIPPODROME FOUNDATION INC
    416 WEST BALTIMORE
    BALTIMORE,MD21201     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 10,000
    HOOD COLLEGE
    401 ROSEMONT AVE
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,050
    HOPE INTERNATIONAL
    227 GRANITE RUN DRIVE STE 250
    LANCASTER,PA17601     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,500
    HOUSING AUTHORITY OF THE CITY
    209 MADISON ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    INTERFAITH HOUSING ALLIANCE
    5301 BUCKEYSTOWN PIKE STE 320
    FREDERICK,MD21704     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    IT'S A BLESSING TO BE A BLESSING
    248 S LOCUST STREET
    HAGERSTOWN,MD21740     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 400
    JUSTICE JOBS OF MARYLAND INC
    22 S MARKET ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 900
    LITERACY COUNCIL OF FREDERICK
    110 E PATRICK STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,000
    MARYLAND ENSEMBLE THEATRE
    31 W PATRICK STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,500
    MARYLAND PHILANTHROPY NETWORK
    2 EAST READ STREET 2ND FLOOR
    BALTIMORE,MD21202     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    MENTAL HEALTH ASSOCIATION
    226 SOUTH JEFFFERSON STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 50
    MISSION OF MERCY
    22 S MARKET STREET SUITE 6D
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    NATIONAL MUSEUM OF CIVIL WAR
    PO BOX 470
    FREDERICK,MD217050470     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,000
    NEW SPIRE ARTS INC
    15 WEST PARTICK STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    OLNEY THEATRE CENTER
    2001 OLNEY SANDY SPRING RD
    OLNEY,MD20832     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 5,000
    ON OUR OWN FREDERICK
    331 W PATRICK STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,500
    PEAK GRANTMAKING INC
    1701 PENNSYLVANIA AVE NW STE 200
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    RAINBOW OF LOVE RECOVERY
    PO BOX 4094
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,000
    ROCKY MOUNTAIN ELK FOUNDATION
    PO BOX 8249
    MISSOULA,MT598078249     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    ROTARY CLUB OF FREDERICK
    PO BOX 13
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    SAINT JAMES SCHOOL INC
    17641 COLLEGE ROAD
    HAGERSTOWN,MD21740     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,500
    SECOND CHANCE GARAGE
    528 N MARKET STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,250
    SHIP OF FREDERICK COUNTY
    PO BOX 1629
    FREDERICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 100,000
    SOPHIE AND MADIGAN'S PLAYGROUND
    PO BOX 1628
    FREDERICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    SPANISH SPEAKING COMMUNITY
    329 S JEFFERSON ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 23,487
    SPECIAL OLYMPICS MARYLAND
    3701 COMMERCE DRIVE STE 103
    BALTIMORE,MD21227     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    SPECTRUM SUPPORT INC
    2 PARK CENTER COURT UNIT 3
    OWINGS MILLS,MD21117     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,600
    ST JOHN'S CATHOLIC PREP
    3989 BUCKEYSTOWN PIKE
    BUCKEYSTOWN,MD21717     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,500
    THE FREDERICK CENTER
    PO BOX 3231
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,250
    THE PHOENIX FOUNDATION OF MD
    PO BOX 4193
    FREDERICK,MD21705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,500
    THE RELIGIOUS COALITION
    27 DEGRANGE STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,750
    UNITED WAY OF FREDERICK COUNTY
    629 NORTH MARKET ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,080
    WEINBERG CENTER FOR THE ARTS
    20 WEST PATRICK STREET
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 24,500
    YMCA OF FREDERICK COUNTY
    1000 N MARKET ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 3,250
    FRONT STEPS INC
    PO BOX 684519
    AUSTIN,TX78768     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 50
    GIRLS ON THE RUN OF MID AND WESTERN MARYLAND INC
    PO BOX 1034
    FREDERICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    HONORS CLASS INC
    2403 SHAKER LN
    FREDERICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,500
    JDFR INTERNATIONAL
    200 VESEY STREET 28TH FLOOR
    NEW YORK,NY10281     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 250
    JUNIOR FIRE COMPANY NO 2 INC
    535 N MARKET ST
    FREDERICK,MD21701     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 50
    LIVING WELL YOUTH WORKS
    5401 ADAMSTOWN COMMONS DR
    ADAMSTOWN,MD21710     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    LOVE FOR LOCHLIN FOUNDATION INC
    6097 FOUNTAIN DR
    FREDERICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    OCTOBER SAVES GOALIE CHALLENGE
    46164 WESTGATE DRIVE
    STERLING,VA20165     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 323
    ROSE OF SHARON EQUESTRIAN
    PO BOX 156
    GLEN ARM,MD21057     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    SENIORSCAPES INC
    7101 GUILFORD DR STE 200
    FREDERICK,MD21704     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 50
    SOCCER WITHOUT BORDERS
    3700 EASTERN AVE
    BALTIMORE,MD21224     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    SOLES OF LOVE INC
    16626 WOLFSVILLE ROAD
    MYERSVILLE,MD21773     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    SPIRES BRASS BAND INC
    2519 ANGELL AVE
    FREDREICK,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,000
    ST JOSEPH'S CATHOLIC CHURCH
    11007 MONTGOMERY ROAD
    BELTSVILLE,MD20705     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    SUPPORTING OLDER ADULTS
    PO BOX 1603
    FREDERICK MD,MD21702     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 1,050
    THE BLACKBAUD GIVING FUND
    65 FAIRCHILD STREET
    CHARLESTON,SC29492     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 53
    TRINITY EVANGELICAL LUTHERAN CHURCH
    38 W BALTIMORE STREET
    TANEYTOWN,MD21787     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 100
    UNITED WAY OF CENTRAL MARYLAND
    1800 WASHINGTON BLVD
    BALTIMORE,MD21230     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    UPLIFT IN-POWERMENT
    5305 VILLAGE CENTER
    COLUMBIA,MD21044     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 500
    VIRGINIA GERMAN SHEPHARD
    PO BOX 733
    CENTREVILLE,VA20122     		NONE PUBLIC CHARITY FOR SUPPORT OF EXEMPT PURPOSE 2,500
    Total .................................bullet 3a 444,527
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......         0
    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 2,106,797  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPATRIOT CAPITAL II, LP     		900003 -489 14 -13  
    bPENN SQUARE GLOBAL REAL ESTATE FUND I, LP 900003 18 14 -368  
    cPATRIOT CAPITAL III SBIC, LP 900003 -3,499 14 -1,751  
    dARTHUR STREET FUND IV, LP 900003 -122 14 -1,579  
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -4,092 2,375,959 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,371,867
    (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
    AUSHERMAN FAMILY FOUNDATION INC
     
    Employer identification number

    20-4937263
    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
    AUSHERMAN FAMILY FOUNDATION INC
          		Employer identification number
    20-4937263
    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
    MARVIN E AUSHERMAN
    6450 CHRISTOPHERS CROSSING
     
    FREDERICK, MD21702

    		$ 1,122,075


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    MARVIN E AUSHERMAN
    6450 CHRISTOPHERS CROSSING
     
    FREDERICK, MD21702

    		$ 3,877,925


    (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
    AUSHERMAN FAMILY FOUNDATION INC
          		Employer identification number

    20-4937263
    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
    2
    		 56,897 UNITS OF STOCK $ 3,877,925 2021-12-08
    (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
    AUSHERMAN FAMILY FOUNDATION INC
          		Employer identification number

    20-4937263
    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 AccountingFeesSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,000 0   11,000

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

    TY 2021 DepreciationSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    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
    117 E CHURCH - BUILDING 2019-07-01 330,569 26,135 SL 39.000000000000 8,476 8,476    
    117 E CHURCH - IMPROVEMENTS 2019-07-01 20,000 1,304 SL 39.000000000000 513 513    
    117 E CHURCH - LAND 2015-10-06 29,626   L   0 0    
    115 E CHURCH - LAND 2015-10-06 371,618   L   0 0    
    115 E CHURCH - BUILDING 2019-07-01 759,801 66,563 SL 39.000000000000 19,482 19,482    
    15 W PATRICK ST - BUILDING & IMPROVEMENTS 2019-01-21 5,211,759 261,149 SL 39.000000000000 133,635 133,635    
    15 W PATRICK ST - LAND 2019-01-21 178,275   L   0 0    
    115 E CHURCH - IMPROVEMENTS 2019-07-01 107,073 9,378 SL 39.000000000000 2,745 2,745    
    115 E CHURCH - IMPROVEMENTS 2019-07-01 4,125 268 SL 39.000000000000 106 106    
    117 E CHURCH - IMPROVEMENTS 2019-12-31 271,148 7,243 SL 39.000000000000 6,953 6,953    
    15 W PATRICK ST - EQUIPMENT 2021-12-15 5,715   SL 5.000000000000 0 0    
    115 E CHURCH - IMPROVEMENTS 2021-01-01 1,218,299   SL 39.000000000000 29,937 29,937    

    TY 2021 InvestmentsOtherSchedule2
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENTS FMV 17,497,332 17,497,332

    TY 2021 LandEtcSchedule2
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    115 E. CHURCH STREET 1,242,617 128,479 1,114,138 1,114,138
    117 E. CHURCH STREET 651,343 50,624 600,719 600,719
    15 W. PATRICK STREET 5,379,034 394,502 4,984,532 4,984,532


    TY 2021 LegalFeesSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,203 0   6,203


    TY 2021 OtherAssetsSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE TO NEW SPIRE ARTS, INC 2,200 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Description Amount
    NET UNREALIZED GAIN FROM INVESTMENTS 307,738


    TY 2021 OtherExpensesSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEALS AND ENTERTAINMENT 3,908 0   3,908
    EDUCATION AND TRAINING 4,293 0   4,293
    REPAIR AND MAINTENANCE 2,111 0   2,111
    MISCELLANEOUS 943 0   457
    DUES AND SUBSCRIPTIONS 6,383 0   6,383
    PROMOTIONS 8,952 0   8,952
    INSURANCE 3,534 0   3,534
    BANK FEES 2,366 0   2,366
    OFFICE 1,649 0   1,649
    CHARITABLE PURPOSE RENTAL EXPENSES 226,538 0   44,426
    NONDEDUCTIBLE EXPENSES NET OF TAX-EXEMPT INCOME -4,070 0   0
    COMMUNITY BENEFIT PROJECTS 79,524 0   79,524
    NETWORK GRANTS 34,151 0   34,151
    OFFICE EXPENSE 10 10   0
    INSURANCE 3,543 3,543   0
    LIMITATION ON INVESTMENT EXPENSES FROM CHARITABLE PURPOSE RENTAL REAL ESTATE -11,890 -11,890   0
    UTILITIES 1,400 1,400   0
    INSURANCE 8,857 8,857   0
    OFFICE EXPENSE 10 10   0
    LIMITATION ON INVESTMENT EXPENSES FROM CHARITABLE PURPOSE RENTAL REAL ESTATE -56,172 -56,172   0
    REPAIRS & MAINTENANCE 14,549 14,549   0
    OFFICE EXPENSE 833 833   0
    INSURANCE 6,527 6,527   0
    LIMITATION ON INVESTMENT EXPENSES FROM CHARITABLE PURPOSE RENTAL REAL ESTATE -158,480 -158,480   0
    AMORTIZATION 3,186 3,186   0


    TY 2021 OtherIncomeSchedule2
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PATRIOT CAPITAL II, LP -502 -13 -502
    PENN SQUARE GLOBAL REAL ESTATE FUND I, LP -350 -368 -350
    PATRIOT CAPITAL III SBIC, LP -5,250 -1,751 -5,250
    ARTHUR STREET FUND IV, LP -1,701 -1,579 -1,701


    TY 2021 OtherIncreasesSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Description Amount
    REVERSAL OF ELIMINATING ENTRY 674,079
    DEPRECIATION ADJUSTMENT 282


    TY 2021 OtherLiabilitiesSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Description Beginning of Year - Book Value End of Year - Book Value
    TENANT SECURITY DEPOSIT 5,000 5,000
    LOAN - PAYROLL 71,782 0
    DEFERRED REVENUE 500 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT COUNSELING 9,975 0   9,975
    INVESTMENT MANAGEMENT FEES 72,093 72,093   0


    TY 2021 TaxesSchedule
    Name:
    AUSHERMAN FAMILY FOUNDATION INC
    EIN:
    20-4937263
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 513 513   0
    PAYROLL TAXES 27,445 0   27,445
    INCOME & EXCISE TAX 20,500 0   0
    PROPERTY TAX 9,326 9,326   0
    PROPERTY TAX 654 654   0
    PROPERTY TAX 300 300   0