Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
THE CARL M FREEMAN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)31255 AMERICANA PARKWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SELBYVILLE, DE19975
A Employer identification number

52-6047536
B Telephone number (see instructions)

(302) 551-6743
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$107,719,665J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 422 422 422
4 Dividends and interest from securities... 1,474,609 1,474,609 1,474,609
5a Gross rents............ 1,529,799 1,483,797 1,529,799
b Net rental income or (loss) 1,529,799
6a Net gain or (loss) from sale of assets not on line 10 914,691
b Gross sales price for all assets on line 6a 4,983,762
7 Capital gain net income (from Part IV, line 2)... 914,691
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
List of Attached Documents:
// Content
3,501 0 3,501
12 Total. Add lines 1 through 11........ 3,923,022 3,873,519 3,008,331
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 251,897 25,190 0 226,707
14 Other employee salaries and wages...... 220,379 33,057 0 187,322
15 Pension plans, employee benefits....... 50,867 6,842 0 44,025
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
13,045 0 0 13,045
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,675 0 0 9,675
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
37,835 33,846 0 3,989
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
35,399 2,703 0 0
19 Depreciation (attach schedule) and depletion... 171,356 0 0
20 Occupancy.............. 88,235 0 0 88,235
21 Travel, conferences, and meetings....... 11,131 0 0 11,131
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
74,439 43,748 0 30,691
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 964,258 145,386 0 614,820
25 Contributions, gifts, grants paid....... 2,957,244 2,957,244
26 Total expenses and disbursements. Add lines 24 and 25 3,921,502 145,386 0 3,572,064
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,520
b Net investment income (if negative, enter -0-) 3,728,133
c Adjusted net income (if negative, enter -0-)... 3,008,331
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,891,458 3,940,504 3,940,504
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 98,991 83,812 83,812
10a Investments—U.S. and state government obligations (attach schedule) 4,044,254 Click to see attachment
List of Attached Documents:
// Content
5,126,977 		5,126,977
b Investments—corporate stock (attach schedule)....... 38,912,532 Click to see attachment
List of Attached Documents:
// Content
41,644,098 		41,644,098
c Investments—corporate bonds (attach schedule)....... 27,504,235 Click to see attachment
List of Attached Documents:
// Content
9,652,065 		9,652,065
11 Investments—land, buildings, and equipment: basis right arrow29,861,838
Less: accumulated depreciation (attach schedule) right arrow   27,896,918 29,861,838 29,861,838
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,089,948 Click to see attachment
List of Attached Documents:
// Content
12,985,967 		12,985,967
14 Land, buildings, and equipment: basis right arrow5,150,162
Less: accumulated depreciation (attach schedule) right arrow725,758 8,093,505 4,424,404 4,424,404
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 120,531,841 107,719,665 107,719,665
Liabilities 17 Accounts payable and accrued expenses.......... 31,550 53,820
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 31,550 53,820
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 120,500,291 107,665,845
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 120,500,291 107,665,845
30 Total liabilities and net assets/fund balances (see instructions). 120,531,841 107,719,665
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
120,500,291
2
Enter amount from Part I, line 27a .....................
2
1,520
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
120,501,811
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,835,966
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
107,665,845
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P 2021-12-31 2022-12-31
b CAPITAL GAIN DISTRIBUTIONS P 2021-12-31 2022-12-31
c PUBLICLY TRADED SECURITIES P 2022-06-30 2022-12-31
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,337,155   3,458,710 878,445
b 254,766     254,766
c 391,841   610,361 -218,520
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       878,445
b       254,766
c       -218,520
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 914,691
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 -218,520
Form 990-PF (2022)
Form 990-PF (2022)
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 right arrow 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) 1 51,821
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 51,821
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 51,821
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 30,061
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 30,061
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 941
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 22,701
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow   Refundedright arrow 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowMD
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowWWW.CARLFREEMANFOUNDATION.ORG
14
The books are in care ofright arrowRHONDA TULLY Telephone no.right arrow (302) 654-8500

Located atright arrow31255 AMERICANA PARKWAYSELBYVILLEDE ZIP+4right arrow19975
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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
Yes
 
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
3b
 
No
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
MICHELLE L FREEMAN CHAIRMAN/PRESIDENT
14.00 		128,158 1,542 6,634
31255 AMERICAN PARKWAY
SELBYVILLE,DE19975
PATTI GRIMES EXECUTIVE DIRECTOR
20.00 		123,739 4,140 3,784
31255 AMERICAN PARKWAY
SELBYVILLE,DE19975
CHRISTINE A SHREVE TREASURER/VICE CHAIRMAN/DIRECTOR
4.00 		0 0 0
31255 AMERICAN PARKWAY
SELBYVILLE,DE19975
NICHOLAS FREEMAN SECRETARY/DIRECTOR
4.00 		0 0 0
31255 AMERICAN PARKWAY
SELBYVILLE,DE19975
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...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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
WEALTHSPIRE ADVISORY INVESTMENT FEES 150,089
ONE PRESERVE PARKWAY 610
ROCKVILLE,MD20852
CHEVY CHASE BANK INVESTMENT FEES 101,145
7501 WISCONSIN AVE 1500W
BETHESDA,MD20814
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
66,154,469
b
Average of monthly cash balances.......................
1b
1,251,034
c
Fair market value of all other assets (see instructions)................
1c
32,111,484
d
Total (add lines 1a, b, and c).........................
1d
99,516,987
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
99,516,987
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,492,755
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
98,024,232
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,901,212
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
4,901,212
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
51,821
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
132
c
Add lines 2a and 2b............................
2c
51,953
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,849,259
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,849,259
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
4,849,259
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
3,572,064
b
Program-related investments—total from Part VIII-B..................
1b
0
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
3,572,064
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 4,849,259
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020...... 1,925,725
e From 2021......  
f Total of lines 3a through e ........ 1,925,725
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 3,572,064
a Applied to 2021, 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 2022 distributable amount..... 3,572,064
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 1,277,195 1,277,195
(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 5 648,530
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		648,530
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020.... 648,530
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
PATTI GRIMES
31255 AMERICANA PARKWAY
SELBYVILLE,DE19975
(302) 654-8500
bThe form in which applications should be submitted and information and materials they should include:
THE APPLICATION PROCESS REQUIRES ELIGIBLE APPLICANTS TO SUBMIT ALL REQUIRED INFORMATION ON-LINE THROUGH THE CARL M. FREEMAN FOUNDATION WEBSITE.
cAny submission deadlines:
DEADLINES FOR THE TWO ANNUAL FACES GRANT CYCLES ARE PUBLISHED ON THE FOUNDATION WEBSITE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOLLOWING RESTRICTIONS APPLY TO APPLICANTS: APPLICANTS MUST BE AN IRS-RECOGNIZED 501(C)(3) TAX-EXEMPT, NONPROFIT ORGANIZATION IN GOOD STANDING, OR A PUBLIC AGENCY SPECIFICALLY SERVING THE RESIDENTS OF THE FUNDING AREA. APPLICANTS APPLYING IN MONTGOMERY COUNTY, MD, MUST HAVE AN ANNUAL OPERATING BUDGET OF $750,000 OR LESS AND BE BASED IN MONTGOMERY COUNTY, MD. APPLICANTS APPLYING IN SUSSEX COUNTY, DE, MUST HAVE AN ANNUAL OPERATING BUDGET OF $500,000 OR LESS AND BE BASED IN SUSSEX COUNTY, DE. AWARDS ARE NOT MADE TO: INDIVIDUALS, POLITICAL ASSOCIATIONS ORCANDIDATES. AWARDS ARE NOT MADE TO ORGANIZATIONS THAT WOULD DISBURSE FUNDING TO OTHER ORGANIZATIONS, ORGANIZATIONS THAT DISCRIMINATE ON THE BASIS OF RACE, CREED, GENDER, SEXUAL ORIENTATION, AGE RELIGION, DISABILITY OR NATIONAL ORIGIN.
Form 990-PF (2022)
Form 990-PF (2022)
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 UNIVERSITY

4400 MASSACHUSETTS AVE NW
WASHINGTON,DC20016 		NONE PC EDUCATION 10,000

ANNAPOLIS AREA IMAGINATION LIBRARY

17 SHERIDAN ROAD
ARNOLD,MD21012 		NONE PC EDUCATION 2,000

ANTI-DEFAMATION LEAGUE

605 THIRD AVENUE
NEW YORK,NY10158 		NONE PC SOCIAL SERVICES 168,000

ART LEAGUE OF OCEAN CITY INC

502 94TH STREET
OCEAN CITY,MD21842 		NONE PC ARTS 1,500

ATHLETES FOR HOPE

2 BETHESDA METRO
BETHESDA,MD20814 		NONE PC SOCIAL SERVICES 25,000

BARBARA K BROOKS TRANSITION HOUSE INC

109 CAROLYN STREET
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 10,680

BEEBE MEDICAL FOUNDATION

902 SAVANNAH ROAD
LEWES,DE19958 		NONE PC HEALTH 146,000

BELIEVE IN TOMORROW CHILDREN'S FOUNDATION

6601 FREDERICK ROAD
BALTIMORE,MD21228 		NONE PC SOCIAL SERVICES 1,000

BENDER JCC OF GREATER WASHINGTON

6125 MONTROSE ROAD
ROCKVILLE,MD20852 		NONE PC EDUCATION 15,000

BEST BUDDIES INTERNATIONAL

100 SOUTHEAST 2ND ST SUITE 2200
MIAMI,FL33131 		NONE PC SOCIAL SERVICES 5,000

BOONSBORO FREE LIBRARY

PO BOX 174
BOONSBORO,MD21713 		NONE PC EDUCATION 2,500

BOYS & GIRLS CLUB OF DELAWARE

669 S UNION STREET
WILMINGTON,DE19805 		NONE PC SOCIAL SERVICES 5,000

BRANDYWINE VALLEY SPCA

1212 PHOENIXVILLE PIKE
WEST CHESTER,PA19380 		NONE PC SOCIAL SERVICES 3,000

CAL RIPKEN SR FOUNDATION

PO BOX 825452
PHILADELPHIA,PA19182 		NONE PC SOCIAL SERVICES 15,000

CALLIOPE PROJECT

110 UNION ST
MILTON,DE19968 		NONE PC ARTS 170

CAMP ARROWHEAD (DIOCESAN COUNCIL INC)

913 WILSON ROAD
WILMINGTON,DE19803 		NONE PC SOCIAL SERVICES 183,000

CANCER SUPPORT COMMUNITY DELAWARE

4810 LANCASTER PIKE
WILMINGTON,DE19807 		NONE PC HEALTH 5,000

CAPE HENLOPEN EDUCATIONAL FOUNDATION

1270 KINGS HIGHWAY
LEWES,DE19958 		NONE PC EDUCATION 5,000

CARINGMATTERS

518 SOUTH FREDERICK AVENUE
GAITHERSBURG,MD20877 		NONE PC SOCIAL SERVICES 10,734

CATHOLIC CHARITIES FOUNDATION

12 E 5TH AVE
SPOKANE,WA99202 		NONE PC SOCIAL SERVICES 2,500

CATHOLIC COALITION FOR SPECIAL EDUCATION

3750 UNIVERSITY BOULEVARD W SUITE
203
KENSINGTON,MD20895 		NONE PC EDUCATION 2,500

CHESAPEAKE CONSERVANCY INC

716 GIDDINGS AVE SUITE 42
ANNAPOLIS,MD21401 		NONE PC ENVIRONMENT 75,000

CHILDREN'S BEACH HOUSE

1800 BAY AVENUE
LEWES,DE19958 		NONE PC SOCIAL SERVICES 1,000

CLOTHING OUR KIDS

26582 JOHN J WILLIAMS HIGHWAY SUITE
2
MILLSBORO,DE19966 		NONE PC SOCIAL SERVICES 3,000

COASTAL CONCERTS INC

129 WEST 4TH STREET
LEWES,DE19958 		NONE PC ARTS 900

COLORECTAL CANCER ALLIANCE

1025 VERMONT AVE NW SUITE 1066
WASHINGTON,DC20005 		NONE PC HEALTH 15,000

COMMUNITY FARMSHARE

14975 SUGARLAND ROAD
POOLESVILLE,MD20837 		NONE PC SOCIAL SERVICES 10,000

COMMUNITY RESOURCE CENTER INC

37510 OYSTER HOUSE RD
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 2,500

CONTRACTORS FOR A CAUSE

PO BOX 1282
OCEAN VIEW,DE19930 		NONE PC SOCIAL SERVICES 1,000

COURT APPOINTED SPECIAL ADVOCATE

900 KING STREET SUITE 350
WILMINGTON,DE19801 		NONE PC SOCIAL SERVICES 10,000

COURT WATCH MONTGOMERY

8720 GEORGIA AVENUE SUITE 302
SILVER SPRING,MD20910 		NONE PC SOCIAL SERVICES 10,000

CREATIVE TIME INC

59 EAST 4TH STREET 6TH FLOOR
NEW YORK,NY10003 		NONE PC ARTS 20,000

DE ALLIANCE FOR NONPROFIT ADVANCEMENT

100 W 10TH STREET SUITE 1012
WILMINGTON,DE19801 		NONE PC SOCIAL SERVICES 5,000

DELAWARE ADOLESCENT PROGRAM INC

1148 PULASKI HWY SUITE 325
BEAR,DE19701 		NONE PC SOCIAL SERVICES 2,500

DELAWARE BREAST CANCER COALITION INC

100 W 10TH STREET SUITE 209
WILMINGTON,DE19801 		NONE PC HEALTH 4,000

DELAWARE CENTER FOR THE INLAND BAYS

39375 INLET RD
REHOBOTH BEACH,DE19971 		NONE PC ENVIRONMENT 3,500

DELAWARE COMMUNITY FOUNDATION

PO BOX 1636
WILMINGTON,DE19899 		NONE PC SOCIAL SERVICES 10,500

DELAWARE HOSPICE INC (INCL WILMINGTON)

630 CHURCHMANS ROAD
NEWARK,DE19702 		NONE PC SOCIAL SERVICES 1,000

DELAWARE HUMANE ASSOCIATION

701A STREET
WILMINGTON,DE19801 		NONE PC SOCIAL SERVICES 500

DELAWARE MANUFACTURED HOME OWNERS ASSOCIATION

24832 JOHN J WILLIAMS HIGHWAY UNIT
1 PMB 5
MILLSBORO,DE19966 		NONE PC SOCIAL SERVICES 160

DELAWARE RIVER & BAY LIGHTHOUSE FDN

PO BOX 708
LEWES,DE19958 		NONE PC ENVIRONMENT 160

DELAWARE SEASHORE PRESERVATION FOUNDATION

PO BOX 981
OCEAN VIEW,DE19970 		NONE PC ENVIRONMENT 1,000

DELAWARE SEASIDE RAILROAD

PO BOX 479
OCEAN VIEW,DE19970 		NONE PC SOCIAL SERVICES 120

DELAWARE SPORTS COMMISSION

99 KINGS HIGHWAY
DOVER,DE19901 		NONE PC SOCIAL SERVICES 5,000

DELAWARE TECHNICAL & COMMUNITY COLLEGE

100 CAMPUS DRIVE
DOVER,DE19904 		NONE PC EDUCATION 15,000

DELLE DONNE FOUNDATION

601 F ST NW
WASHINGTON,DC20004 		NONE PC HEALTH 10,000

DELMARVA COMMUNITY WELLNET

1307 SAVANNAH ROAD
LEWES,DE19958 		NONE PC SOCIAL SERVICES 10,350

DELMARVA WHISKEY CLUB CHARITABLE FDN

PO BOX 1175
SELBYVILLE,DE19975 		NONE PC SOCIAL SERVICES 5,000

DEL-MAR-VA TEEN CHALLENGE HOME OF HOPE

611 3RD STREET
SEAFORD,DE19973 		NONE PC SOCIAL SERVICES 2,500

DEVELOPING ARTIST COLLABORATION

37401 MALLOY ST
REHOBOTH BEACH,DE19971 		NONE PC ARTS 470

DEVON C RUBENSTEIN FOUNDATION

7 DRISCOLL COURT
GAITHERSBURG,MD20878 		NONE PC SOCIAL SERVICES 10,000

DO IT FOR THE LOVE

360 GRAND AVENUE 350
OAKLAND,CA94610 		NONE PC SOCIAL SERVICES 1,000

DOG TAG BAKERY INC

3206 GRACE STREET NW
WASHINGTON,DC20007 		NONE PC SOCIAL SERVICES 3,000

DWELLING PLACE INC (THE)

19632 CLUB HOUSE ROAD SUITE 510
MONTGOMERY VILLAGE,MD20886 		NONE PC SOCIAL SERVICES 10,000

EASTER SEALS DE & MD'S EASTERN SHORE

61 CORPORATE CIRCLE
NEW CASTLE,DE19720 		NONE PC SOCIAL SERVICES 1,000

EDENS COMMUNITY ENRICHMENT FOUNDATION

1272 5TH STREET NE SUITE 200
WASHINGTON,DC20002 		NONE PC SOCIAL SERVICES 10,000

ELLINGTON FUND (THE)

3500 R ST NW
WASHINGTON,DC20007 		NONE PC ARTS 3,500

FAMILY PROMISE OF SOUTHERN DELAWARE

PO BOX 439
NASSAU,DE19969 		NONE PC SOCIAL SERVICES 10,270

FIRST STATE BALLET

818 NORTH MARKET STREET
WILMINGTON,DE19801 		NONE PC ARTS 5,000

FIRST TEE GREATER WASHINGTON DC

2020 PENNSYLVANIA AVE NW 106
WASHINGTON,DC20006 		NONE PC SOCIAL SERVICES 15,000

FOOD FOR MONTGOMERY FUND

1325 G STREET NW SUITE 480
WASHINGTON,DC20005 		NONE PC SOCIAL SERVICES 10,000

FOSTERING WISHES FOUNDATION

118 S LAYTON AVENUE
WYOMING,DE19934 		NONE PC SOCIAL SERVICES 1,000

FREDERICK DOUGLASS ELEMENTARY SCHOOL

1 SWAIN ROAD
SEAFORD,DE19973 		NONE PC EDUCATION 1,000

FRIENDS OF VOLTA PARK INC

3149 16TH STREET NW
WASHINGTON,DC20016 		NONE PC ENVIRONMENT 2,000

FURNISH HOPE DC

1516 GOOD HOPE RD
WASHINGTON,DC20020 		NONE PC SOCIAL SERVICES 16,000

FUTURE LINK INC

15 WEST GUIDE DRIVE SUITE 150
ROCKVILLE,MD20850 		NONE PC SOCIAL SERVICES 10,000

GAITHERSBURG HELP INC

301 MUDDY BRANCH ROAD
GAITHERSBURG,MD20878 		NONE PC SOCIAL SERVICES 5,000

GEORGETOWN HERITAGE

1000 POTOMAC STREET NW SUITE 122
WASHINGTON,DC20007 		NONE PC ENVIRONMENT 2,500

GEORGETOWN UNIVERSITY

37TH AND O STREETS NW
WASHINGTON,DC20057 		NONE PC EDUCATION 10,000

GEORGETOWN UNIVERSITY-MSB

37TH AND O STREETS NW
WASHINGTON,DC20057 		NONE PC EDUCATION 25,000

GIRLS ON THE RUN DELAWARE INC

615 WEST 18TH STREET
WILMINGTON,DE19802 		NONE PC SOCIAL SERVICES 7,500

GLOBALGIVING FOUNDATION

1 THOMAS CIRCLE NW SUITE 800
WASHINGTON,DC20005 		NONE PC SOCIAL SERVICES 50,000

GREATER LEWES COMMUNITY PROJECT

PO BOX 110
LEWES,DE19958 		NONE PC SOCIAL SERVICES 280

GREATER WASHINGTON COMM FOUNDATION

1325 G STREET NW SUITE 480
WASHINGTON,DC20005 		NONE PC SOCIAL SERVICES 10,000

HALCYON HOUSE (GLOBAL GOOD FUND)

3400 PROSPECT ST NW
WASHINGTON,DC20007 		NONE PC SOCIAL SERVICES 50,000

HARRY K FOUNDATION

313 SOUTH BOARDWALK
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 3,100

HERO DOGS INC

PO BOX 64
BROOKEVILLE,MD20833 		NONE PC SOCIAL SERVICES 7,500

HISTORIC LEWES FARMERS MARKET

PO BOX 185
NASSAU,DE19969 		NONE PC SOCIAL SERVICES 860

HOLTON-ARMS

7303 RIVER ROAD
BETHESDA,MD20817 		NONE PC EDUCATION 320,000

HOMES NOT BORDERS

3610 EAST ST
LANDOVER,MD20785 		NONE PC SOCIAL SERVICES 5,000

HOPE ASSOCIATION

85 LINCOLN AVE
RUMFORD,ME04276 		NONE PC HEALTH 5,000

HOUSE OF MERCY TRANSFORMATION CENTER

426 NORTH PINE STREET
SEAFORD,DE19973 		NONE PC SOCIAL SERVICES 570

IN HONOR OF HER

PO BOX 855
OLNEY,MD20830 		NONE PC SOCIAL SERVICES 1,500

INTERFAITH WORKS INC

981 ROLLINS AVE 2ND FLOOR
ROCKVILLE,MD20852 		NONE PC SOCIAL SERVICES 10,000

INTERNATIONAL COMMITTEE OF THE RED CROSS

1000 CONNECTICUT AVE NW 500
WASHINGTON,DC20036 		NONE PC HEALTH 50,000

IRHS BOYS & GIRLS PARENT BOOSTER CLUB

29772 ARMORY ROAD
DAGSBORO,DE19939 		NONE PC EDUCATION 1,100

JESSE KLUMP MEMORIAL FUND

PO BOX 1786
BERLIN,MD21811 		NONE PC SOCIAL SERVICES 2,000

JOHN M CLAYTON ELEMENTARY SCHOOL (PTO)

252 CLAYTON AVE
FRANKFORD,DE19945 		NONE PC EDUCATION 2,500

JOSHUA M FREEMAN FOUNDATION

31806 LAKEVIEW DRIVE
SELBYVILLE,DE19975 		NONE PC ARTS - JMFF 5,000

KEEN GREATER DC

PO BOX 341590
BETHESDA,MD28027 		NONE PC SOCIAL SERVICES 5,000

KENNEDY CENTER (THE)

2700 F ST NW
WASHINGTON,DC20566 		NONE PC ARTS 25,000

LANDON SCHOOL

6101 WILSON LANE
BETHESDA,MD20817 		NONE PC EDUCATION 555,000

LAUGHLIN FAMILY FOUNDATION

2217 MT TABOR ROAD
GAMBRILLS,MD21054 		NONE PC HEALTH 3,000

LEADERSHIP DELAWARE INC

112 S FRENCH STREET SUITE 206
WILMINGTON,DE19801 		NONE PC EDUCATION 5,000

LEGACY REFUGE

11152 274TH AVE NW
ZIMMERMAN,MN55398 		NONE PC SOCIAL SERVICES 10,000

LEVELING THE PLAYING FIELD INC

404 ELMWOOD AVE
SHARON HILL,PA19079 		NONE PC SOCIAL SERVICES 5,000

LEWIS FIRE DEPARTMENT

18 FIREHOUSE LN
LEWIS,NY12950 		NONE PC SOCIAL SERVICES 1,500

LIFE WITH CANCER

8411 PENNELL STREET
FAIRFAX,VA22031 		NONE PC HEALTH 15,000

LIGHTHOUSE FOR BROKEN WINGS

179 REHOBOTH AVE UNIT 123
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 10,850

LIONS CLUB OF OLNEY FOUNDATION

PO BOX 335
SANDY SPRING,MD20860 		NONE PC SOCIAL SERVICES 500

LITERACY DELAWARE

PO BOX 2083
WILMINGTON,DE19899 		NONE PC EDUCATION 10,000

LYME DISEASE ASSOCIATION OF DELMARVA

1187 KESTREL WAY
SALISBURY,MD21804 		NONE PC HEALTH 2,500

MARY'S CENTER

344 UNIVERSITY BLVD WEST
SILVER SPRING,MD20901 		NONE PC HEALTH 10,000

MEALS ON WHEELS OF LEWES & REHOBOTH INC

32409 LEWES GEORGETOWN HIGHWAY
LEWES,DE19958 		NONE PC SOCIAL SERVICES 500

METAVIVOR INC

1783 FOREST DRIVE 184
ANNAPOLIS,MD21401 		NONE PC HEALTH 1,000

MID-ATLANTIC SYMPHONY ORCHESTRA

PO BOX 3381
EASTON,MD21601 		NONE PC ARTS 1,500

MIDDLEBURG FILM FESTIVAL

PO BOX 1566
MIDDLEBURG,VA20118 		NONE PC ARTS 10,000

MILFORD ADVOCACY FOR THE HOMELESS

PO BOX 585
MILFORD,DE19963 		NONE PC SOCIAL SERVICES 160

MILFORD COMMUNITY BAND

315 CLAUDE STREET
MILFORD,DE19963 		NONE PC SOCIAL SERVICES 180

MILFORD SECOND STREET PLAYERS

2 SOUTH WALNUT ST
MILFORD,DE19963 		NONE PC ARTS 100

MISPILLION ART LEAGUE

5 N WALNUT ST
MILFORD,DE19963 		NONE PC ARTS 940

MILTON COMMUNITY FOOD PANTRY

PO BOX 84
MILTON,DE19968 		NONE PC SOCIAL SERVICES 310

MONTGOMERY CO BEEF 4-H CLUB

18140 MUNCASTER RD
DERWOOD,MD20855 		NONE PC SOCIAL SERVICES 21,590

MONTGOMERY CO FAMILY JUSTICE CTR FDN

PO BOX 10692
ROCKVILLE,MD20849 		NONE PC SOCIAL SERVICES 10,000

MONTGOMERY COLLEGE FOUNDATION

9221 CORPORATE BLVD 3RD FLOOR
ROCKVILLE,MD20850 		NONE PC EDUCATION 10,000

MONTGOMERY COUNTY SHEEP & SWINE 4-H CLUB

18140 MUNCASTER RD
DERWOOD,MD20855 		NONE PC SOCIAL SERVICES 4,370

MOTHER SETON ACADEMY

2215 GREENMOUNT AVENUE
BALTIMORE,MD21218 		NONE PC EDUCATION 2,500

NANTICOKE INDIAN ASSOCIATION

27073 JOHN J WILLIAMS HIGHWAY
MILLSBORO,DE19966 		NONE PC SOCIAL SERVICES 3,500

NATIONAL LINKS TRUST

PO BOX 42097 5636 CONNECTICUT AVE
NW
WASHINGTON,DC20015 		NONE PC SOCIAL SERVICES 302,500

NATIONAL MUSEUM OF WOMEN IN THE ARTS

1250 NEW YORK AVE NW
WASHINGTON,DC20005 		NONE PC ARTS 15,000

NEW HOPE REC AND DEVELOPMENT CENTER INC

PO BOX 310
ELLENDALE,DE19941 		NONE PC EDUCATION 5,000

NEXT GENERATION SOUTHERN DELAWARE

PO BOX 1636
WILMINGTON,DE19899 		NONE PC SOCIAL SERVICES 500

NICA - DELAWARE

21 ORINDA WAY SUITE C-368
ORINDA,CA94563 		NONE PC SOCIAL SERVICES 1,000

NORTH GEORGETOWN ELEMENTARY SCHOOL

664 NORTH BEDFORD ST
GEORGETOWN,DE19947 		NONE PC EDUCATION 5,000

NO UNMET HUMAN NEEDS ASSOCIATION

81 CENTRAL AVENUE
OCEAN VIEW,DE19970 		NONE PC SOCIAL SERVICES 250

OCEAN VIEW HISTORICAL SOCIETY

PO BOX 576
OCEAN VIEW,DE19970 		NONE PC SOCIAL SERVICES 280

OLNEY THEATRE CENTER

2001 OLNEY-SANDY SPRING ROAD
OLNEY,MD20832 		NONE PC ARTS 15,000

ONE TO ONE OVARIAN CANCER CENTER SUPPORT GROUP

4793 ALTON DR
TROY,MI48085 		NONE PC HEALTH 2,000

PARKINSON'S EDUC & SUPPORT GRP OF SUSSEX

PO BOX 56
LEWES,DE19958 		NONE PC HEALTH 310

PATHWAYS TO SUCCESS INC

31 THE CIRCLE SUITE A B
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 5,710

PEOPLES PLACE II INC

1129 AIRPORT ROAD
MILFORD,DE19963 		NONE PC SOCIAL SERVICES 250

POSSUM POINT PLAYERS INC

PO BOX 96
GEORGETOWN,DE19947 		NONE PC ARTS 1,290

PRIMEROS PASOS INC

20648 SAVANNAH RD
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 2,500

PROJECT HOPE

PO BOX 3270
HARLAN,IA51593 		NONE PC SOCIAL SERVICES 50,000

QUIET RESORTS CHARITABLE FOUNDATION

PO BOX 354
BETHANY BEACH,DE19930 		NONE PC SOCIAL SERVICES 2,500

READ ALOUD DELAWARE

100 WEST 10TH STREET SUITE 309
WILMINGTON,DE19801 		NONE PC SOCIAL SERVICES 2,500

REHOBOTH CONCERT BAND

3 STAFFORD ROAD
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 1,230

RONALD MCDONALD HOUSE CHARITIES

26345 NETWORK PLACE
CHICAGO,IL60673 		NONE PC SOCIAL SERVICES 2,000

ROXANA FIRE COMPANY

35943 ZION CHURCH ROAD
FRANKFORD,DE19945 		NONE PC SOCIAL SERVICES 15,000

SAINT VINCENT DE PAUL SOCIETY

66 PROGRESS PARKWAY
MARYLAND HEIGHTS,MO63043 		NONE PC SOCIAL SERVICES 12,500

SALVATION ARMY

400 N ORANGE STREET
WILMINGTON,DE19801 		NONE PC SOCIAL SERVICES 2,000

SANDY HOOK PROMISE FOUNDATION

PO BOX 3489
NEWTON,CT06470 		NONE PC SOCIAL SERVICES 5,000

SANTA'S LETTERS

2 WINDWARD WAY
DAGSBORO,DE19939 		NONE PC SOCIAL SERVICES 1,000

SELBYVILLE PUBLIC LIBRARY

11 MAIN MCCABE STREETS
SELBYVILLE,DE19975 		NONE PC EDUCATION 2,500

SEMPER K9 ASSISTANCE DOGS

PO BOX 451
QUANTICO,VA22134 		NONE PC SOCIAL SERVICES 5,000

SENIOR SOFTBALL WORLD SERIES

34476 PYLE CENTER ROAD
ROXANA,DE19945 		NONE PC SOCIAL SERVICES 20,000

SHEPHERD'S OFFICE INC

408 N BEDFORD STREET
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 9,810

SMALL THINGS MATTER

14516 BAUER DRIVE
ROCKVILLE,MD20853 		NONE PC SOCIAL SERVICES 10,000

SMITHSONIAN INSTITUTION

PO BOX 37012 SI BUILDING ROOM 453
MRC 010
WASHINGTON,DC20013 		NONE PC ARTS 5,000

SONSHINE EQUINE THERAPEUTIC RIDING CENTER

31688 YESHUA LANE
MILLSBORO,DE19966 		NONE PC SOCIAL SERVICES 10,000

SOUTHERN DELAWARE CHORAL SOCIETY

PO BOX 444
REHOBOTH BEACH,DE19971 		NONE PC ARTS 130

SOUTHERN DELAWARE THERAPEUTIC RIDING INC

PO BOX 219
NASSAU,DE19969 		NONE PC HEALTH 960

SPANISH SPEAKING COMMUNITY

329 S JEFFERSON ST
FEDERICK,MD21701 		NONE PC SOCIAL SERVICES 10,000

STRATHMORE HALL FOUNDATION INC

5301 TUCKERMAN LANE
NORTH BETHESDA,MD20852 		NONE PC ARTS 7,500

SURFERS HELPING OUR CHILDREN WITH AUTISM

PO BOX 282
ROCKVILLE,MD20848 		NONE PC SOCIAL SERVICES 1,000

SUSSEX COUNTY RETURN DAY INC

PO BOX 55
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 10,000

SUSSEX COUNTY STEM ALLIANCE

17297 VENABLES DR
LEWES,DE19958 		NONE PC HEALTH 5,000

SUSSEX LAND FOUNDATION

PO BOX 372
LEWES,DE19958 		NONE PC ENVIRONMENT 10,000

THE BALL FOR ALL FOUNDATION

PO BOX 329
DAGSBORO,DE19939 		NONE PC SOCIAL SERVICES 1,000

THE DELAWARE 4 H FOUNDATION

113 TOWNSEND HALL 531 SOUTH COLLEGE
AVE
NEWARK,DE19716 		NONE PC EDUCATION 2,000

THEARC

2000 PENNSYLVANIA AVENUE NW SUITE
500
WASHINGTON,DC20006 		NONE PC ARTS 15,000

THE GREATER LEWES FOUNDATION

PO BOX 110
LEWES,DE19958 		NONE PC SOCIAL SERVICES 10,000

THE VIVA SCHOOL

1923 VERMONT AVE NW SUITE T002
WASHINGTON,DC20001 		NONE PC EDUCATION 10,000

TUDOR PLACE FOUNDATION

1644 31ST STREET NW
WASHINGTON,DC20007 		NONE PC SOCIAL SERVICES 1,600

TULANE UNIVERSITY

6823 ST CHARLES AVENUE
NEW ORLEANS,LA70118 		NONE PC EDUCATION 10,000

US G FOUNDATION

270 WASHINGTON STREET SW
ATLANTA,GA30334 		NONE PC EDUCATION 15,000

WESTSIDE NEW BEGINNINGS

19801 NORWOOD ST
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 5,500

WILDERNESS LEADERSHIP AND LEARNING INC

1758 PARK ROAD NW
WASHINGTON,DC20010 		NONE PC EDUCATION 2,500

WINCHESTER THURSTON SCHOOL

555 MOREWOOD AVENUE
PITTSBURG,PA15213 		NONE PC EDUCATION 1,000

WORCESTER COUNTY HUMANE SOCIETY

PO BOX 48
BERLIN,MD21811 		NONE PC SOCIAL SERVICES 1,500

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS AVE NW 7TH FLOOR
WASHINGTON,DC20001 		NONE PC SOCIAL SERVICES 20,000

WRESTLING TO BEAT THE STREETS DC

1717 N STREET NW STE 1
WASHINGTON,DC20036 		NONE PC SOCIAL SERVICES 10,000

YMCA OF METROPOLITAN WASHINGTON

PO BOX 65325
WASHINGTON,DC20035 		NONE PC SOCIAL SERVICES 2,500
Total .................................right arrow 3a 2,916,744
bApproved for future payment

JOSHUA M FREEMAN FOUNDATION
31806 LAKEVIEW DRIVE
SELBYVILLE,DE19975 		NONE PC ARTS - JMFF 10,000,000
Total ................................. right arrow 3b 10,000,000
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 422  
4 Dividends and interest from securities ....     14 1,474,609  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     14 1,529,799  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 914,691  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    01 3,501  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,923,022 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,923,022
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 9,675 0 0 9,675

TY 2022 InvestmentsCorpBondsSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 9,652,065 9,652,065

TY 2022 InvestmentsCorpStockSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 41,644,098 41,644,098

TY 2022 InvestmentsGovtObligationsSch
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
US Government Securities - End of Year Book Value:

5,126,977
US Government Securities - End of Year Fair Market Value:

5,126,977
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2022 InvestmentsOtherSchedule2
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENTS - OTHER FMV 12,985,967 12,985,967

TY 2022 LegalFeesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 13,045 0 0 13,045


TY 2022 OtherDecreasesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Description Amount
UNREALIZED LOSSES ON INVESTMENTS 12,835,966


TY 2022 OtherExpensesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 74,439 43,748 0 30,691


TY 2022 OtherIncomeSchedule2
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 3,501   3,501


TY 2022 OtherProfessionalFeesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER 37,835 33,846 0 3,989


TY 2022 TaxesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 32,696 0 0 0
FOREIGN TAXES 2,703 2,703 0 0