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
HERBERT BEARMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO 9690 DEERECO RD STE 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TIMONIUM, MD21093
A Employer identification number

31-1602562
B Telephone number (see instructions)

(410) 369-9227
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$40,389,610J 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      
4 Dividends and interest from securities... 1,109,246 1,109,246  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -533,989
b Gross sales price for all assets on line 6a 4,273,629
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)....... Click to see attachment
List of Attached Documents:
// Content
39,101 34,792  
12 Total. Add lines 1 through 11........ 614,358 1,144,038  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 152,984 0   152,984
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 65,195 0   65,195
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
125 0   125
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
19,100 100   19,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
295,316 277,877   17,420
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
58,974 2,197   11,332
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 19,921 0   19,921
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,928 0   20,928
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 632,543 280,174   306,905
25 Contributions, gifts, grants paid....... 1,686,704 1,686,704
26 Total expenses and disbursements. Add lines 24 and 25 2,319,247 280,174   1,993,609
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,704,889
b Net investment income (if negative, enter -0-) 863,864
c Adjusted net income (if negative, enter -0-)...  
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......... 1,504,937 662,862 662,862
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 26,469,468 Click to see attachment
List of Attached Documents:
// Content
24,405,000 		31,057,983
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,359,388 Click to see attachment
List of Attached Documents:
// Content
8,667,623 		8,668,765
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,333,793 33,735,485 40,389,610
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
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........ 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 35,333,793 33,735,485
29 Total net assets or fund balances (see instructions)..... 35,333,793 33,735,485
30 Total liabilities and net assets/fund balances (see instructions). 35,333,793 33,735,485
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
35,333,793
2
Enter amount from Part I, line 27a .....................
2
-1,704,889
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
106,581
4
Add lines 1, 2, and 3 ..........................
4
33,735,485
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
33,735,485
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    
b ICAPITAL SP RE VII ACCESS FUND P    
c ALTEGRIS RENAISSANCE IE FUND P    
d ALTERGRIS RENAISSANCE IDGE FUND P    
e OUTCOME DRIVEN FUND, LP P    
ICAPITAL SP RE VII ACCESS FUND P    
BSIP ACCESS FUND LP P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,586,257   4,807,618 -1,221,361
b 69,526     69,526
c 38,823     38,823
d 2,387     2,387
e 4,778     4,778
8,052     8,052
241     241
563,565     563,565
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,221,361
b       69,526
c       38,823
d       2,387
e       4,778
      8,052
      241
      563,565
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 -533,989
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 (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 12,008
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 12,008
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 12,008
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 46,000
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 46,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 33,992
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow33,992 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. 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
 
No
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.HERBERTBEARMANFOUNDATION.ORG
14
The books are in care ofright arrowSHELDON BEARMAN Telephone no.right arrow (410) 369-9227

Located atright arrow7546 HAWKS LANDING DRIVEWEST PALM BEACHFL ZIP+4right arrow33412
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)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
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
 
No
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
 
 
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
SHELDON BEARMAN PRESIDENT & TREASURER
20.00 		0 0 0
7546 HAWKS LANDING DRIVE
WEST PALM BEACH,FL33412
ARLENE BEARMAN VICE PRESIDENT & SECRETARY
15.00 		0 0 0
7546 HAWKS LANDING DRIVE
WEST PALM BEACH,FL33412
MARK BEARMAN CHIEF OPERATING OFFICER
40.00 		152,984 14,400 24,754
3003 MASTERS DRIVE
BALTIMORE,MD21209
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
NONE
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
41,417,857
b
Average of monthly cash balances.......................
1b
926,353
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
42,344,210
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
42,344,210
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
635,163
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
41,709,047
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,085,452
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,085,452
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,008
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
15,013
c
Add lines 2a and 2b............................
2c
27,021
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,058,431
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,058,431
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
2,058,431
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
1,993,609
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
1,993,609
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 2,058,431
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 1,987,401
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......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 1,993,609
a Applied to 2021, but not more than line 2a 1,987,401
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..... 6,208
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 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 0
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 .......... 		2,052,223
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 ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
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:
SHELDON BEARMAN
7546 HAWKS LANDING DRIVE
WEST PALM BEACH,FL33412
(410) 369-9227
bThe form in which applications should be submitted and information and materials they should include:
THE FORMAL GRANTING PROCESS IS BIANNUAL IN THE SPRING AND FALL. TO BE CONSIDERED, A LETTER OF INQUIRY MUST BE RECEIVED BY THE SUBMISSION DEADLINES FOR BOTH THE SPRING AND FALL CYCLES. PROPOSALS THAT ARE ACCEPTED FOR FURTHER REVIEW MUST HAVE THE COMPLETE APPLICATION SUBMITTED BY THE SPRING AND FALL SUBMISSION DEADLINES. SMALL DISCRETIONARY GRANTS MAY BE CONSIDERED THROUGHOUT THE YEAR.
cAny submission deadlines:
LETTERS OF INQUIRY DUE BY DECEMBER 15/JUNE 15. COMPLETED APPLICATIONS DUE BY FEBRUARY 15/AUGUST 15.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION SEEKS TO FUND PROGRAMS IN GREATER BALTIMORE, MARYLAND, PALM BEACH COUNTY, FLORIDA, AND ISRAEL. OTHER GEOGRAPHIC AREAS MAY BE CONSIDERED UNDER EXCEPTIONAL CIRCUMSTANCES. THE FOUNDATION PREFERS FUNDING SPECIFIC PROJECTS; HOWEVER, GRANTS FOR GENERAL OPERATING SUPPORT AND NEW INITIATIVES MAY BE CONSIDERED IF SHORT TERM NEEDS CAN BE DEMONSTRATED.
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

ALPERT JEWISH FAMILY SERVICES

5841 CORPORATE WAY SUITE 200
WEST PALM BEACH,FL33407 		NONE 501(C)(3) GENERAL PURPOSE 25,000

ALPHA OMEGA ALPHA HONOR

12635 E MONTVIEW BLVD SUITE 270
AURORA,CO80045 		NONE 501(C)(3) GENERAL PURPOSE 59

AMERICAN DIABETES ASSOCIATION

2002 CLIPPER PARK RD
BALTIMORE,MD21211 		NONE 501(C)(3) GENERAL PURPOSE 100

AMERICAN FRIENDS OF LEKET ISRAEL

960 TEANECK ROAD SUITE 200
TEANECK,NJ07666 		NONE 501(C)(3) HUNGER RELIEF 26,000

AMERICAN FRIENDS OF SHALVA

315 FIFTH AVENUE 6TH FL
NEW YORK,NY10016 		NONE 501(C)(3) ISRAEL 15,000

AMERICAN FRIENDS OF SHMAYA

5906 KEY AVE
BALTIMORE,MD21215 		NONE 501(C)(3) ISRAEL 5,000

AMERICAN FRIENDS OF WESTERN GALILEE HOSPITAL

101 GREENWOOD AVE STE 610
JENKINTOWN,PA19046 		NONE 501(C)(3) GENERAL PURPOSE 53,500

AMERICAN HEART ASSOCIATION

7272 GREENVILLE AVE
DALLAS,TX75231 		NONE 501(C)(3) GENERAL PURPOSE 19

AMERICAN ISRAEL EDUCATION FOUNDATION

2554 H STREET NW
WASHINGTON,DC20001 		NONE 501(C)(3) ISRAEL 25,000

ART WITH A HEART INC

3355 KESWICK RD STE 104
BALTIMORE,MD21211 		NONE 501(C)(3) GENERAL PURPOSE 15,000

ASSOCIATION OF SMALL FOUNDATIONS

1720 N STREET NW
WASHINGTON,DC20036 		NONE 501(C)(3) GENERAL PURPOSE 795

BALTIMORE COMMUNITY FOUNDATION

2 EAST READ STREET
BALTIMORE,MD21202 		NONE 501(C)(3) GENERAL PURPOSE 1,185

BALTIMORE HEBREW CONGREGATION

7401 PARK HEIGHTS AVE
BALTIMORE,MD21208 		NONE 501(C)(3) SYNAGOGUES 10,018

BARCS

301 STOCKHOLM STREET
BALTIMORE,MD21230 		NONE 501(C)(3) GENERAL PURPOSE 15,000

BETH EL CONGREGATION

8101 PARK HEIGHTS AVE
PIKESVILLE,MD21208 		NONE 501(C)(3) SYNAGOGUES / ENDOWMENT 155,056

BRIDGES AT SAINT PAUL'S SCHOOL

11152 FALLS RD
BROOKLANDVILLE,MD21022 		NONE 501(C)(3) GENERAL PURPOSE 30,000

CAMP POSSIBILITIES FOUNDATION

PO BOX 4411
WILMINGTON,DE19807 		NONE 501(C)(3) GENERAL PURPOSE 10,000

CAMPS AIRY AND LOUISE FOUNDATION

5750 PARK HEIGHTS AVENUE
BALTIMORE,MD21215 		NONE 501(C)(3) GENERAL PURPOSE 25,500

CENTER FOR ENTREPRENEURIAL JEWISH PHILANTHROPY (CEJP)

435 STRATTON RD
NEW ROCHELLE,NY10804 		NONE 501(C)(3) COMMUNITY DEVELOPMENT 2,500

CHABAD OF PALM BEACH GARDENS

7026 FAIRVIEW LANE
PALM BEACH GARDENS,FL33418 		NONE 501(C)(3) SYNAGOGUES 2,578

CHAI LIFELINE

151 WEST 30TH STREET
NEW YORK,NY10001 		NONE 501(C)(3) ASSOCIATED JEWISH CHARITIES 100

CHANA

101 WEST MOUNT ROYAL AVENUE
BALTIMORE,MD21201 		NONE 501(C)(3) ASSOCIATED JEWISH CHARITIES 30,000

CHIZUK AMUNO CONGREGATION

8100 STEVENSON ROAD
BALTIMORE,MD21208 		NONE 501(C)(3) GENERAL PURPOSE 4,007

CLINICS CAN HELP

2560 WESTGATE AVE
WEST PALM BEACH,FL33409 		NONE 501(C)(3) GENERAL PURPOSE 15,000

CYSTIC FIBROSIS FOUNDATION OF MARYLAND

6931 ARLINGTON RD 2ND FL
BETHESDA,MD20814 		NONE 501(C)(3) COMMUNITY HEALTH 44,818

DYSLEXIA TUTORING PROGRAM

1211 N WESTSHORE BLVD SUITE 314
TAMPA,FL33607 		NONE 501(C)(3) GENERAL PURPOSE 15,000

FOUNDATION FOR THE DEFENSE OF DEMOCRACIES

PO BOX 14425 33249
WASHINGTON,DC20033 		NONE 501(C)(3) ISRAEL 10,000

FRIENDS OF ELNET

5215 OLD ORCHARD RD SUITE 880
SKOKIE,IL60077 		NONE 501(C)(3) ISRAEL 30,000

FRIENDS OF GREATER KIDS FARM

6601 BALTIMORE NATIONAL PIKE
CATONSVILLE,MD21228 		NONE 501(C)(3) GENERAL PURPOSE 5,000

FRIENDS OF THE DANIEL CENTER

9 MAPLE AVENUE
MILTON,NY12547 		NONE 501(C)(3) GENERAL PURPOSE 7,500

FRIENDS OF THE ISRAEL DEFENSE FORCES

1430 BROADWAY
NEW YORK,NY10018 		NONE 501(C)(3) ISRAEL 9,000

FRIENDS OF YAD SARAH

445 PARK AVE 1702
NEW YORK,NY10022 		NONE 501(C)(3) GENERAL PURPOSE 10,000

FUENTE LATINA

1395 BRICKELL AVE SUITE 800
MIAMI,FL33131 		NONE 501(C)(3) GENERAL PURPOSE 15,000

GBMC FOUNDATION

6701 N CHARLES ST
TOWSON,MD21204 		NONE 501(C)(3) GENERAL PURPOSE 68

GLOBAL ENDOWMENT MANAGEMENT LP

224 W TREMONT AVENUE
CHARLOTTE,NC28203 		NONE 501(C)(3) GENERAL PURPOSE 250

GREENSPRING VALLEY SYNAGOGUE

6214 PIMLICO RD
BALTIMORE,MD21209 		NONE 501(C)(3) GENERAL PURPOSE 50,000

HAR SINAI - OHEB SHALOM CONGREGATION

7310 PARK HEIGHTS AVE
BALTIMORE,MD21208 		NONE 501(C)(3) GENERAL PURPOSE 1,000

HEALTH CARE FOR THE HOMELESS

421 FALLSWAY
BALTIMORE,MD21202 		NONE 501(C)(3) GENERAL PURPOSE 10,000

HELPING UP MISSION

1029 E BALTIMORE ST
BALTIMORE,MD21202 		NONE 501(C)(3) COMMUNITY DEVELOPMENT 11,000

IBIS CHARITIES

8225 IBIS BOULEVARD
WEST PALM BEACH,FL33412 		NONE 501(C)(3) COMMUNITY DEVELOPMENT 100

IBIS FRIENDS OF VETERANS CHARITABLE FOUNDATION

10256 HERONWOOD LANE
WEST PALM BEACH,FL33412 		NONE 501(C)(3) COMMUNITY HEALTH 10,000

ISRAEL GUIDE DOG CENTER FOR THE BLIND

968 EASTON ROAD SUITE H
WARRINGTON,PA18976 		NONE 501(C)(3) GENERAL PURPOSE 18,000

ISRAEL SPORTS CENTER FOR THE DISABLED

ROKACH ST 123
RAMAT GAN,ISRAEL  
IS 		NONE 501(C)(3) GENERAL PURPOSE 25,000

JAFCO CHILDREN'S ABILITY

5100 N NOB HILL ROAD
SUNRISE,FL33351 		NONE 501(C)(3) GENERAL PURPOSE 25,000

JEWISH CARING NETWORK

529 N WASHINGTON ST
BALTIMORE,MD21205 		NONE 501(C)(3) GENERAL PURPOSE 1,000

JEWISH COMMUNITY CENTER OF GREATER BALTIMORE

5700 PARK HEIGHTS AVENUE
BALTIMORE,MD21215 		NONE 501(C)(3) ASSOCIATED JEWISH CHARITIES 70,000

JEWISH COMMUNITY SERVICES

3506 GWYNNBROOK AVE
OWINGS MILLS,MD21117 		NONE 501(C)(3) ASSOCIATED JEWISH CHARITIES 85,917

JEWISH FAMILY AND CHILDREN'S SERVICES

2150 POST STREET
SAN FRANCISCO,CA94115 		NONE 501(C)(3) GENERAL PURPOSE 1,450

JEWISH FEDERATION OF PALM BEACH CO

4601 COMMUNITY DRIVE
WEST PALM BEACH,FL33417 		NONE 501(C)(3) GENERAL PURPOSE 50,018

JEWISH MUSEUM OF MARYLAND

15 LLOYD ST
BALTIMORE,MD21202 		NONE 501(C)(3) GENERAL PURPOSE 25,000

JOHNS HOPKINS CHILDRENS CENTER

1800 ORLEANS STREET
BALTIMORE,MD21287 		NONE 501(C)(3) GENERAL PURPOSE 1,000

JOHNS HOPKINS CYSTIC FIBROSIS CENTER

200 N WOLFE ST
BALTIMORE,MD21287 		NONE 501(C)(3) GENERAL PURPOSE 15,000

JOHNS HOPKINS MEDICINE

3400 N CHARLES STREET
BALTIMORE,MD21218 		NONE 501(C)(3) MEDICINE EDUCATION 25,000

JOHNS HOPKINS UNIVERSITY

3400 N CHARLES STREET
BALTIMORE,MD21218 		NONE 501(C)(3) COMMUNITY HEALTH 110,000

JR ACHIEVEMENT OF CENTRAL MARYLAND

10711 RED RUN BLVD
OWINGS MILLS,MD21117 		NONE 501(C)(3) GENERAL PURPOSE 25,000

JUNIOR ACHIEVEMENT OF PALM BEACH COUNTY

700 S ROSEMARY AVE SUITE 204
WEST PALM BEACH,FL33401 		NONE 501(C)(3) GENERAL PURPOSE 10,000

KEREN OR INC

350 SEVENTH AVENUE SUITE 701
NEW YORK,NY10001 		NONE 501(C)(3) GENERAL PURPOSE 19,900

KIPP BALTIMORE

4701 GREENSPRING AVE
BALTIMORE,MD21209 		NONE 501(C)(3) BLENDED LEARNING PROGRAM 22,000

LIVING CLASSROOMS FOUNDATION

1417 THAMES STREET
BALTIMORE,MD21231 		NONE 501(C)(3) COMMUNITY DEVELOPMENT / GEM 33,334

MARYLAND SCIENCE CENTER

601 LIGHT ST
BALTIMORE,MD21203 		NONE 501(C)(3) GENERAL PURPOSE 2,500

MD ASSOCIATION OF PARKINSON

PO BOX 450
BROOKLANDVILLE,MD21022 		NONE 501(C)(3) COMMUNITY HEALTH 2,500

MED ALUMNI ASSOCIATION OF UNIVERSITY OF MARYLAND

522 W LOMBARD ST
BALTIMORE,MD21201 		NONE 501(C)(3) GENERAL PURPOSE 1,000

MORSE LIFE FOUNDATION

4920 LORING DR
WEST PALM BEACH,FL33417 		NONE 501(C)(3) COMMUNITY HEALTH 1,800

MOVABLE FEAST

901 NORTH MILTON AVENUE
BALTIMORE,MD21205 		NONE 501(C)(3) COMMUNITY DEVELOPMENT 25,000

NATIONAL AQUARIUM-BALTIMORE

501 EAST PRATT STREET
BALTIMORE,MD21202 		NONE 501(C)(3) COMMUNITY DEVELOPMENT 20,000

NATIONAL COUNCIL OF JEWISH WOMEN

1707 L ST NW 950
WASHINGTON,DC20036 		NONE 501(C)(3) COMMUNITY DEVELOPMENT 3,500

PEF ISRAEL ENDOWMENT FUNDS INC

317 MADISON AVENUE
NEW YORK,NY10017 		NONE 501(C)(3) ISRAEL 25,000

PALM BEACH COUNTY FOOD BANK

525 GATOR DR
LANTANA,FL33462 		NONE 501(C)(3) COMMUNITY HEALTH 25,000

PATHFINDERS FOUNDATION

267 JENCKES HILL ROAD
SMITHFIELD,RI02917 		NONE 501(C)(3) GENERAL PURPOSE 26,000

PAUL'S PLACE INC

1118 WARD ST
BALTIMORE,MD21230 		NONE 501(C)(3) GENERAL PURPOSE 10,000

PAWS 4 LIBERTY INC

8939 PALOMINO DR
LAKE WORTH,FL33467 		NONE 501(C)(3) COMMUNITY HEALTH - ANIMAL RESCUE 10,000

PORT DISCOVERY

35 MARKET PLACE
BALTIMORE,MD21201 		NONE 501(C)(3) GENERAL PURPOSE 2,500

QUANTUM HOUSE

901 45TH STREET
WEST PALM BEACH,FL33407 		NONE 501(C)(3) COMMUNITY HEALTH 10,000

REUT USA

8383 WILSHIRE BLVD SUITE 400
BEVERLY HILLS,CA90211 		NONE 501(C)(3) GENERAL PURPOSE 9,500

SAVE A CHILD'S HEART

10500 CHAPEL ROAD18
POTOMAC,MD20854 		NONE 501(C)(3) GENERAL PURPOSE 15,000

SHARE BABIES

1792 UNION AVE
BALTIMORE,MD21211 		NONE 501(C)(3) GENERAL PURPOSE 5,000

ST ELIZABETH SCHOOL

801 ARGONNE DR
BALTIMORE,MD21218 		NONE 501(C)(3) EDUCATION 6,182

TAKE STOCK IN CHILDREN

25 NE 2ND ST 5501
MIAMI,FL33132 		NONE 501(C)(3) GENERAL PURPOSE 25,000

TASC SCHOLARSHIP FOUNDATION INC

2302 INTERNATIONAL LANE
MADISON,WI53704 		NONE 501(C)(3) GENERAL PURPOSE 352

THE ASSOCIATED JEWISH FEDERATION OF BALTIMORE

101 WEST MOUNT ROYAL AVENUE
BALTIMORE,MD21201 		NONE 501(C)(3) CENTENNIAL ENDOWMENT / ANNUAL CAMPAIGN 88,218

THE DANIEL CENTERS FOR PROGRESSIVE JUDAISM

62 BNEI DAN STREET
TEL AVIV,ISRAEL  
IS 		NONE 501(C)(3) ISRAEL 15,000

THE FUEL FUND OF MARYLAND INC

57 W TIMONIUM ROAD SUITE 208
TIMONIUM,MD21093 		NONE 501(C)(3) GENERAL PURPOSE 10,000

THE LEAGUE FOR PEOPLE WITH DISABILITIES INC

1111 E COLD SPRING LN
BALTIMORE,MD21239 		NONE 501(C)(3) GENERAL PURPOSE 10,000

THE LUV U PROJECT INC

PO BOX 60248
POTOMAC,MD20859 		NONE 501(C)(3) GENERAL PURPOSE 12,500

THREAD INC

PO BOX 1584
BALTIMORE,MD21203 		NONE 501(C)(3) AFTER SCHOOL PROGRAM 15,000

TIKVA CHILDREN'S HOME

8 HENDERSON DR
WEST CALDWELL,NJ07006 		NONE 501(C)(3) GENERAL PURPOSE 9,000

UNIVERSITY OF MARYLAND BALTIMORE COUNTY FOUNDATION

1000 HILLTOP CIRCLE
BALTIMORE,MD21250 		NONE 501(C)(3) HROBOWSKI FUND FOR INNOVATION 25

VITA NOVA INC

2724 N AUSTRALIAN AVE
WEST PALM BEACH,FL33407 		NONE 501(C)(3) FL HEALTH 13,355

WHEELCHAIRS 4 KIDS

1976 S PINELLAS AVENUE
TARPM SPRINGS,FL34689 		NONE 501(C)(3) COMMUNITY HEALTH 15,000

WOUNDED VETERANS RELIEF FUND

1335 OLD DIXIE HWY UNIT 3
LAKE PARK,FL33403 		NONE 501(C)(3) VETERAN SERVICES 10,000

ZAKA RESCUE AND RECOVERY

11 BROADWAY SUITE 1070
NEW YORK,NY10004 		NONE 501(C)(3) GENERAL PURPOSE 5,000
Total .................................right arrow 3a 1,686,704
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		         
4 Dividends and interest from securities ....     14 1,109,246  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 39,101  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -533,989  
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) .. 0 614,358 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
614,358
(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:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 19,100 100   19,000

TY 2022 InvestmentsCorpStockSchedule
Name:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Name of Stock End of Year Book Value End of Year Fair Market Value
CHARLES SCHWAB INVESTMENTS - SECURITIES 24,405,000 31,057,983

TY 2022 InvestmentsOtherSchedule2
Name:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CMS PLATINUM FUND AT COST 144,502 144,502
OUTCOME DRIVEN FUND AT COST 2,369,783 2,053,106
ICAPITAL SP RE VII ACCESS FUND AT COST 431,255 694,216
ALTEGRIS RENAISSANCE IE FUND AT COST 1,045,780 1,045,780
ALTERGRIS RENAISSANCE IDGE FUND AT COST 771,507 771,507
BLACKSTONE REAL ESTATE INCOME TRUST CLASS I AT COST 1,931,033 1,901,413
CNL STRATEGIC CAPTIAL LLC AT COST 978,440 1,045,221
BSIP ACCESS FUND LP AT COST 995,323 1,013,020

TY 2022 LegalFeesSchedule
Name:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 125 0   125


TY 2022 OtherExpensesSchedule
Name:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 3,815 0   3,815
TELEPHONE & INTERNET 5,622 0   5,622
OFFICE EXPENSES 3,244 0   3,244
COMPUTER/IT EXPENSES 2,930 0   2,930
STORAGE COSTS 5,194 0   5,194
BANK CHARGES 123 0   123


TY 2022 OtherIncomeSchedule2
Name:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
NON-DIVIDEND DISTRIBUTIONS 4,309 0 4,309
OTHER INCOME FROM PASSTHROUGH ENTITIES 34,792 34,792 34,792


TY 2022 OtherIncreasesSchedule
Name:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Description Amount
COST BASIS ADJUSTMENT 106,581


TY 2022 OtherProfessionalFeesSchedule
Name:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 295,316 277,877   17,420


TY 2022 TaxesSchedule
Name:
HERBERT BEARMAN FOUNDATION
EIN:
31-1602562
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 11,332 0   11,332
FOREIGN TAXES PAID 2,197 2,197   0
FEDERAL TAXES 45,445 0   0