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 10-01-2021 , and ending 09-30-2022
Name of foundation
BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)8 BOXWOOD LANE CO MARGULIES
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONSEY, NY10952
A Employer identification number

11-6548272
B Telephone number (see instructions)

(973) 227-2800
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$37,082,822J 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) 7,660,619
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,422,161 1,422,161  
4 Dividends and interest from securities... 278,548 278,548  
5a Gross rents............ 319,042 319,042  
b Net rental income or (loss) 90,929
6a Net gain or (loss) from sale of assets not on line 10 -363,579
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 9,316,791 2,019,751  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 13,870 13,870   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 93,089 54,208   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 117,288 117,288  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 93,359 93,359   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 317,606 278,725   0
25 Contributions, gifts, grants paid....... 1,642,130 1,642,130
26 Total expenses and disbursements. Add lines 24 and 25 1,959,736 278,725   1,642,130
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,357,055
b Net investment income (if negative, enter -0-) 1,741,026
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,121,645 1,431,170 1,431,170
2 Savings and temporary cash investments.........      
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)..... 1,936,666 1,406,659 1,406,659
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet3,225,381
Less: accumulated depreciation (attach schedule) bullet743,971 2,598,693 Click to see attachment2,481,410 2,481,390
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 25,225,844 Click to see attachment31,763,603 31,763,603
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,882,848 37,082,842 37,082,822
Liabilities 17 Accounts payable and accrued expenses..........   1,208
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 attachment215,497 Click to see attachment158,750
23 Total liabilities (add lines 17 through 22)......... 215,497 159,958
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 30,667,351 36,922,884
29 Total net assets or fund balances (see instructions)..... 30,667,351 36,922,884
30 Total liabilities and net assets/fund balances (see instructions). 30,882,848 37,082,842
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
30,667,351
2
Enter amount from Part I, line 27a .....................
2
7,357,055
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
38,024,406
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,101,522
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
36,922,884
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 WELLS FARGO #2004 P 2021-10-01 2022-09-30
b GLAZER FUND P    
c GLAZER INDEX FUND A P    
d GLAZER INDEX FUND B P    
e GLAZER SPECIAL OPP FUND P    
M1 LIFE LLC P    
MD LIFE CLASS P    
METEORA CAPITAL P    
ROSEMAHR CAPITAL 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       81,979
b       10,435
c       -344,669
d       -313,881
e       -28,259
      659
      138,453
      113,547
      -21,843
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       81,979
b       10,435
c       -344,669
d       -313,881
e       -28,259
      659
      138,453
      113,547
      -21,843
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 -363,579
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 24,200
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 24,200
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 981
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 25,181
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   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$ 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletARI MARGULIES Telephone no.bullet (845) 426-0071

    Located atbullet8 BOXWOOD LANEMONSEYNY ZIP+4bullet10952
    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
    ARI MARGULIES TRUSTEE
    0.00     		0 0 0
    8 BOXWOOD LANE
    MONSEY NY,NY10952
    GOLDY MARGULIES TRUSTEE
    0.00     		0 0 0
    8 BOXWOOD LANE
    MONSEY NY,NY10952
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    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 EDUCATIONAL AND CHARITABLE AID TO 501 C 3 ORGANIZATIONS 0
    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
    28,494,724
    b
    Average of monthly cash balances.......................
    1b
    1,276,408
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,897,044
    d
    Total (add lines 1a, b, and c).........................
    1d
    34,668,176
    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
    34,668,176
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    2,552,815
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    32,115,361
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,605,768
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,605,768
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    24,200
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,200
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,581,568
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,581,568
    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
    1,581,568
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,581,568
    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...... 489,043
    b From 2017...... 400,545
    c From 2018...... 1,278,586
    d From 2019...... 976,760
    e From 2020...... 390,998
    f Total of lines 3a through e ........ 3,535,932
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,642,130
    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..... 1,581,568
    e Remaining amount distributed out of corpus 60,562
    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 3,596,494
    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) ...     		489,043
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,107,451
    10 Analysis of line 9:
    a Excess from 2017.... 400,545
    b Excess from 2018.... 1,278,586
    c Excess from 2019.... 976,760
    d Excess from 2020.... 390,998
    e Excess from 2021.... 60,562
    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).)
    ARI MARGULIES
    GOLDY MARGULIES
    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:
    ARI MARGULIES
    8 BOXWOOD LANS
    MONSEY,NY10952
    (973) 227-2800
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORM
    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
    American Friends of Sfath Emeth
    C/O Margulies 1715 51st Street
    Brooklyn,NY11204     		NONE   EDUCATIONAL AND CHARITABLE 38,200
    Bais Yaakov Elementary
    681 Chestnut Ridge Rd
    Spring Valley,NY10977     		NONE   EDUCATIONAL AND CHARITABLE 29,000
    Chaim VChesed
    15B Jill Lane C/O Rabbi Yosef
    Bachar
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 289,650
    China Vechisda
    3054 Bedford Ave
    Brooklyn,NY11210     		NONE   EDUCATIONAL AND CHARITABLE 10,000
    Cong Ahavas Tzedaka V'chesed
    1347 42nd St
    Brooklyn,NY11219     		NONE   EDUCATIONAL AND CHARITABLE 36,000
    Dressed With Dignity
    8 CHelsea Ln
    Chestnut Ridge,NY10977     		NONE   EDUCATIONAL AND CHARITABLE 6,400
    Friends of Bobov Toronto
    C/O Leser 1882 53rd Street
    Brooklyn,NY11204     		NONE   EDUCATIONAL AND CHARITABLE 15,000
    Keren Gemilas Chasudim Foundation
    4706 18th Ave
    Brooklyn,NY11204     		NONE   EDUCATIONAL AND CHARITABLE 36,000
    Kollel Zichron Menachem
    10 Maple Terrace
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 25,000
    M L T Y
    50 Yehezkel St
    Jerusalem   9535134
    IS     		NONE   EDUCATIONAL AND CHARITABLE 85,000
    Nachlas Shifra
    11 Saddle River Rd 101
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 10,000
    Rockland Foundation
    10 Elyon Road
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 10,000
    Sinai Synagouge
    54 Woodstock Ave
    London   NW11 9SP
    UK     		NONE   EDUCATIONAL AND CHARITABLE 10,000
    Various Charities
    8 BOXWOOD LANE
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 351,380
    Yeshiva Bais Dovid
    22 W Maple Ave
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Yeshuos Yisroel
    114 Clinton Ln
    Spring Valley,NY10977     		NONE   EDUCATIONAL AND CHARITABLE 10,600
    Zichron Menachem
    8 Elyon Rd
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Ahavat Yisroel Humanity Fund Inc
    5314 16th Ave Ste 244
    Brooklyn,NY11204     		NONE   EDUCATIONAL AND CHARITABLE 110,000
    American Friends of BH Foundation
    1472 53rd St Brooklyn
    Brooklyn,NY11219     		NONE   EDUCATIONAL AND CHARITABLE 20,000
    American Friends of Biala
    1444 14th St
    Lakewood,NJ08701     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    American Friends of Bnos Yehudis INC
    32 Louisburg Square
    Lakewood,NJ08701     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    American Friends of Haskel School
    53 Bewick Road
    Gateshead   NE8 4DR
    UK     		NONE   EDUCATIONAL AND CHARITABLE 7,200
    American Friends of Kupat Hair
    4415 14th Avenue
    Brooklyn,NY11219     		NONE   EDUCATIONAL AND CHARITABLE 7,200
    Beis Tfiloh
    2 Maplewood Ln
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 50,000
    Beth Jacob Teachers Seminary
    4409 15th Ave 4421
    Brooklyn,NY11219     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    CIJE
    45 Broadway Suite 3050
    New York,NY10006     		NONE   EDUCATIONAL AND CHARITABLE 20,000
    Cong Adas Yereim
    27 Lee Ave
    Brooklyn,NY11211     		NONE   EDUCATIONAL AND CHARITABLE 60,000
    Cong Bais Pincus
    1710 Beacon St
    Boston,MA02445     		NONE   EDUCATIONAL AND CHARITABLE 15,000
    Cong Lev Simcha
    28 Maple Ter
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 18,000
    Cong Nachlas Moshe
    17 Sunrise Dr
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Cong Shaarei Chesed
    92 N Saddle River Rd
    Airmont,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 50,000
    Darkei Avos Tzans
    1177 48th St
    Brooklyn,NY11219     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Emergency Parnossa Initiative
    4706 18th Avenue
    Brooklyn,NY11204     		NONE   EDUCATIONAL AND CHARITABLE 60,000
    Karlin Stolin
    105 Grove St
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 15,000
    Kehilat Ramat Eshkol Jeruaslem
    2/21 Mevo Zalmona
    Jerusalem   9770200
    IS     		NONE   EDUCATIONAL AND CHARITABLE 50,000
    K'hal Toras Chaim
    PO Box 446
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Lomdei Torah
    1642 45th St
    Brooklyn,NY11204     		NONE   EDUCATIONAL AND CHARITABLE 18,000
    Mercaz Hatorah Netzach Yisroel
    81 Leeside Crescent
    London   NW11 0JL
    UK     		NONE   EDUCATIONAL AND CHARITABLE 15,000
    Mosdos Pnei Menachem
    4111 18th Ave
    Brooklyn,NY11218     		NONE   EDUCATIONAL AND CHARITABLE 40,000
    Ohr Sameach
    244 Route 306
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 20,000
    Ohr Vdaas
    972 Chestnut Ridge Rd
    Spring Valley,NY10977     		NONE   EDUCATIONAL AND CHARITABLE 8,000
    Philadelphia Community Kollel
    364 Montgomery Avenue
    Merion Station,PA19066     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Seminar Yerushalayim
    4622 14th Ave
    Brooklyn,NY11219     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    SHIRAS CHAIM
    805 Cross St
    Lakewood,NJ08701     		NONE   EDUCATIONAL AND CHARITABLE 6,500
    Vhichazakta Bo
    500 Bedford Ave
    Brooklyn,NY11249     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Yaazoru Inc
    1072 Madison Ave
    Lakewood,NJ08701     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Yad Shlomo Trust
    86 Amhurst Park
    London   N16 5AR
    UK     		NONE   EDUCATIONAL AND CHARITABLE 20,000
    Yeshiva Kochav M'Yakov
    12 Chana St
    Jerusalem   95312
    IS     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Yeshiva Ohr Yosef
    8 Chelsea Ln
    Monsey,NY10952     		NONE   EDUCATIONAL AND CHARITABLE 5,000
    Total .................................bullet 3a 1,642,130
    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 ...........     		    01 1,422,161  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 15,403  
    bNot debt-financed property.....     16 75,526  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    01 -594,395 230,816
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 1,197,243 230,816
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,428,059
    (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.)
    4 TO SUPPORT CHARITABLE AND EDUCATIONAL INSTITUTIONS WITH EMPHASIS ON
    4 INDIGENT STUDENTS.
    5 TO SUPPORT CHARITABLE AND EDUCATIONAL INSTITUTIONS WITH EMPHASIS ON
    5 INDIGENT STUDENTS.
    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
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
     
    Employer identification number

    11-6548272
    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
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
          		Employer identification number
    11-6548272
    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
    ARI & GOLDIE MARGULIES
     
    8 BOXWOOD LN
     
    MONSEY NY, NY10952

    		$ 316,391


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    DAVIDS COOKIES INC
     
    11 CLIFFSIDE DRIVE
     
    CEDAR DRIVE, NJ07009

    		$ 4,650,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    VICTOR OSTREICHER
     
    100 WASHINGTON AVE
     
    NEW SQUARE, NY10952

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    PEARL FAMILY LLC
     
    11 CLIFFSIDE DRIVE
     
    CEDAR DRIVE, NJ07009

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    THE AVIGDOR OSTREICHER FAMILY
     
    100 WASHINGTON AVE
     
    NEW SQUARE, NY10952

    		$ 500,000


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
          		Employer identification number

    11-6548272
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
          		Employer identification number

    11-6548272
    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 CashDeemedCharitableExplnStmt
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    Explanation:
    THE FOUNDATION HAS MADE INTEREST FREE LOANS TO CHARITABLE ORGANIZATIONS. THESE ARE DEEMED TO BE HELD FOR CHARITABLE PURPOSE.

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

    TY 2021 DepreciationSchedule
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    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
    APARTMENT 130 BATES DRIVE MONSEY NY 2010-07-15 318,000 127,204 SL 27.500000000000 11,564 11,564    
    ROSEGARDEN WAY UNIT #302 2015-09-30 317,896 69,360 SL 27.500000000000 11,560 11,560    
    ROSEGARDEN WAY UNIT #103 2015-09-30 317,896 69,360 SL 27.500000000000 11,560 11,560    
    ROSEGARDEN WAY UNIT #203 2015-09-30 317,896 69,360 SL 27.500000000000 11,560 11,560    
    ROSEGARDEN WAY UNIT #303 2015-09-30 317,896 69,360 SL 27.500000000000 11,560 11,560    
    ROSEGARDEN WAY UNIT #111 2015-09-30 317,896 69,360 SL 27.500000000000 11,560 11,560    
    ROSEGARDEN WAY UNIT #112 2015-09-30 317,896 79,970 SL 27.500000000000 11,560 11,560    
    GLEN HILL 2019-10-12 1,000,000 72,724 SL 27.500000000000 36,364 36,364    

    TY 2021 InvestmentsLandSchedule2
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    APARTMENT 130 BATES DRIVE MONSEY NY 318,000 138,768 179,232 179,232
    ROSEGARDEN WAY UNIT #302 317,896 80,920 236,976 236,976
    ROSEGARDEN WAY UNIT #103 317,896 80,920 236,976 236,976
    ROSEGARDEN WAY UNIT #203 317,896 80,920 236,976 236,976
    ROSEGARDEN WAY UNIT #303 317,896 80,920 236,976 236,976
    ROSEGARDEN WAY UNIT #111 317,896 80,920 236,976 236,976
    ROSEGARDEN WAY UNIT #112 317,896 91,530 226,366 226,366
    GLEN HILL 1,000,000 109,088 890,912 890,912

    TY 2021 InvestmentsOtherSchedule2
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLAZER CAPITAL MNGMT LP AT COST 2,342,265 2,342,265
    GUARANTEED NOTES AT COST 16,844,875 16,844,875
    WELLS FARGO #1 SECURITIES AT COST 3,627,199 3,627,199
    WELLS FARGO #2 SECURITIES AT COST 131,605 131,605
    ROSEMAWR CAPITAL AT COST 277,597 277,597
    AREL AUSTIN AT COST 57,209 57,209
    BRADFORD CAPITAL AT COST 311,991 311,991
    LRE ORLANDO AT COST 573,900 573,900
    MDLIFE CLASS A AT COST 486 486
    ROSEMAWR MUNICIPAL AT COST 781,122 781,122
    METEORA CAPITAL AT COST 1,122,673 1,122,673
    GLAZER INDEX FUND A AT COST 1,880,841 1,880,841
    GLAZER INDEX FUND B AT COST 1,897,481 1,897,481
    GLAZER SPECIAL OPP FUND AT COST 562,237 562,237
    ALLEGRO UNITED HOLDINGS AT COST 1,000,000 1,000,000
    SPRING MILLS HOLDINGS LLC AT COST 255,000 255,000
    JEST ALAMO LLC AT COST 96,463 96,463
    M1 Life LLC AT COST 659 659

    TY 2021 LegalFeesSchedule
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 6,060 6,060   0
    PROFESSIONAL FEES 6,060 6,060   0
    TITLE EXPENSE 1,750 1,750   0


    TY 2021 OtherDecreasesSchedule
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    Description Amount
    UNREALIZED LOSS WELLS FARGO #1 1,062,709
    UNREALIZED LOSS WELLS FARGO #2 38,813


    TY 2021 OtherExpensesSchedule
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BAD DEBT 50,612 50,612   0
    MANAGEMENT FEES 1,472 1,472   0
    SUPPLIES 471 471   0
    CONDO FEES 2,778 2,778   0
    REPAIRS 780 780   0
    BANK FEES 870 870   0
    BANK FEES 870 870   0
    CONDO FEES 15,435 15,435   0
    FILING FEES 59 59   0
    REPAIRS 20,012 20,012   0


    TY 2021 OtherLiabilitiesSchedule
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    Description Beginning of Year - Book Value End of Year - Book Value
    TENANT SECURITY 8,750 8,750
    LOANS 206,747 150,000


    TY 2021 TaxesSchedule
    Name:
    BAIS EPHRAIM CHARITABLE FOUNDATION TRUST
    EIN:
    11-6548272
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IRS 990 TAX 38,881 0   0
    REAL ESTATE TAX 6,394 6,394   0
    REAL ESTATE TAX 47,814 47,814   0