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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
EJ GRASSMANN TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 4470
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WARREN, NJ070590470
A Employer identification number

22-6326539
B Telephone number (see instructions)

(908) 753-2440
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$31,222,274J 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 59,225 59,225  
4 Dividends and interest from securities... 608,728 615,410  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,448,678
b Gross sales price for all assets on line 6a 5,350,590
7 Capital gain net income (from Part IV, line 2)... 1,436,697
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
25 279  
12 Total. Add lines 1 through 11........ 2,116,656 2,111,611  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 239,500 143,700   95,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,885 0   14,885
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
9,000 0   9,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,620 3,620   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,278 15,360   7,200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 274,283 162,680   126,885
25 Contributions, gifts, grants paid....... 1,543,965 1,543,965
26 Total expenses and disbursements. Add lines 24 and 25 1,818,248 162,680   1,670,850
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 298,408
b Net investment income (if negative, enter -0-) 1,948,931
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 30,069 35,455 35,455
2 Savings and temporary cash investments......... 2,075,752 834,469 824,007
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) 2,270,289 Click to see attachment
List of Attached Documents:
// Content
4,808,827 		4,836,092
b Investments—corporate stock (attach schedule)....... 3,936,299 Click to see attachment
List of Attached Documents:
// Content
3,407,051 		8,204,378
c Investments—corporate bonds (attach schedule)....... 304,564 Click to see attachment
List of Attached Documents:
// Content
302,099 		294,987
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).......... 13,273,845 Click to see attachment
List of Attached Documents:
// Content
12,801,325 		17,027,355
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) 21,890,818 22,189,226 31,222,274
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........... 21,890,818 22,189,226
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)..... 21,890,818 22,189,226
30 Total liabilities and net assets/fund balances (see instructions). 21,890,818 22,189,226
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
21,890,818
2
Enter amount from Part I, line 27a .....................
2
298,408
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
22,189,226
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
22,189,226
Form 990-PF (2023)
Form 990-PF (2023)
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      
b THRU SCHEDULE K-1 - ASHFORD CAPITAL PARTNERS, L.P. P    
c CAPITAL GAINS DIVIDENDS P    
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 5,305,491   3,901,912 1,403,579
b       -11,981
c 45,099     45,099
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       1,403,579
b       -11,981
c       45,099
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 1,436,697
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  
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 27,090
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 27,090
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 27,090
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 35,964
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 35,964
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 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 8,874
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow8,874 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 arrowNJ
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 2023 or the taxable year beginning in 2023? 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
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 arrowN/A
14
The books are in care ofright arrowPKF O'CONNOR DAVIES ADVISORY LLC Telephone no.right arrow (908) 272-6200

Located atright arrow20 COMMERCE DRIVE SUITE 301CRANFORDNJ ZIP+4right arrow070163618
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
WILLIAM V ENGEL ESQ TRUSTEE, EXECUTIVE DIRECTOR
10.00 		72,700 0 0
PO BOX 4470
WARREN,NJ070590470
ROBERT S DEVLIN ESQ TRUSTEE
3.00 		41,700 0 0
PO BOX 4470
WARREN,NJ070590470
SUZANNE B ENGEL TRUSTEE
3.00 		41,700 0 0
PO BOX 4470
WARREN,NJ070590470
MICHAEL F O'NEILL TRUSTEE
3.00 		41,700 0 0
PO BOX 4470
WARREN,NJ070590470
AMY M ZIEBARTH TRUSTEE
3.00 		41,700 0 0
PO BOX 4470
WARREN,NJ070590470
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 (2023)
Form 990-PF (2023)
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 (2023)
Form 990-PF (2023)
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
29,821,090
b
Average of monthly cash balances.......................
1b
543,108
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
30,364,198
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
30,364,198
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
455,463
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,908,735
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,495,437
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,495,437
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
27,090
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
27,090
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,468,347
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,468,347
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,468,347
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
1,670,850
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
1,670,850
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,468,347
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 221,232
b From 2019...... 185,926
c From 2020...... 204,718
d From 2021...... 91,578
e From 2022...... 333,504
f Total of lines 3a through e ........ 1,036,958
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,670,850
a Applied to 2022, 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 2023 distributable amount..... 1,468,347
e Remaining amount distributed out of corpus 202,503
5 Excess distributions carryover applied to 2023. 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 1,239,461
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		221,232
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,018,229
10 Analysis of line 9:
a Excess from 2019.... 185,926
b Excess from 2020.... 204,718
c Excess from 2021.... 91,578
d Excess from 2022.... 333,504
e Excess from 2023.... 202,503
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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:
WILLIAM ENGEL
PO BOX 4470
WARREN,NJ070590470
(908) 753-2440
bThe form in which applications should be submitted and information and materials they should include:
PROPOSALS SHOULD BE IN LETTER FORM, (NO FAXES OR EMAILS), AND GENERALLY NO MORE THAN FOUR PAGES IN LENGTH. IT WOULD BE APPRECIATED IF THE FIRST PARAGRAPH OF THE PROPOSAL IS A SUMMARY OF THE REQUEST. THE PROPOSAL AND ALL SUPPORTING MATERIAL MUST BE ABLE TO BE STAPLED WITH A STANDARD STAPLER.
cAny submission deadlines:
ALL GRANT APPLICATIONS MUST BE SUBMITTED NO LATER THAN APRIL 20TH OR OCTOBER 15TH FOR EACH MEETING.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE GEOGRAPHIC FOCUS OF THE GRANTS OF THE E. J. GRASSMANN TRUST WILL BE UNION COUNTY, NEW JERSEY AND THE FOLLOWING MIDDLE GEORGIA AREAS: MACON-BIBB COUNTY, MILLEDGEVILLE, SANDERSVILLE, AND BALDWIN, HOUSTON, TWIGGS, WASHINGTON AND WILKINSON COUNTIES. WHILE NON-PROFIT ORGANIZATIONS OUTSIDE OF THESE AREAS MAY RECEIVE GRANTS, THOSE ORGANIZATIONS MUST INCLUDE WITH THEIR GRANT PROPOSAL INFORMATION AND STATISTICS SHOWING HOW THE WORK OF THEIR ORGANIZATION SERVES THE RESIDENTS OF THESE AREAS OR IMPACTS THEM DIRECTLY.
Form 990-PF (2023)
Form 990-PF (2023)
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

180 TURNING LIVES AROUND INC

1 BETHANY ROAD BUILDING 3 SUITE 42
HAZLET,NJ07730 		N/A PC CAPITAL FUND SUPPORT 3,800

ACOMA CATHOLIC INDIAN MISSIONS

PO BOX 448
PUEBLO OF ACOMA,NM87034 		N/A PC GENERAL OPERATING SUPPORT 3,000

AMERICAN RED CROSS NEW JERSEY REGION

209 FAIRFIELD ROAD
FAIRFIELD,NJ07004 		N/A PC CAPITAL FUND SUPPORT 5,000

AMERICAN REPERTORY BALLET

301 N HARRISON STREET
PRINCETON,NJ08540 		N/A PC CAPITAL FUND SUPPORT 5,000

AMERICA'S GROW-A-ROW INC

150 PITTSTOWN ROAD
PITTSTOWN,NJ08867 		N/A PC CAPITAL FUND SUPPORT 35,000

ARC OF MACON

4664 SHERATON DRIVE
MACON,GA31210 		N/A PC CAPITAL FUND SUPPORT 5,000

ASAH

2125 ROUTE 33
HAMILTON SQUARE,NJ08690 		N/A PC CAPITAL FUND SUPPORT 4,000

ASSOCIATED HUMANE SOCIETIES INC

124 EVERGREEN AVENUE
NEWARK,NJ07114 		N/A PC CAPITAL FUND SUPPORT 10,000

BIG BROTHERS BIG SISTERS OF ESSEX HUDSON AND UNION COUNTIES

550 BROAD STREET SUITE 604
NEWARK,NJ07102 		N/A PC CAPITAL FUND SUPPORT 10,000

BIG BROTHERS BIG SISTERS OF THE HEART OF GEORGIA INC

PO BOX 7362
MACON,GA31209 		N/A PC CAPITAL FUND SUPPORT 10,290

BOYS AND GIRLS CLUBS OF UNION COUNTY

1050 JEANETTE AVENUE
UNION,NJ07083 		N/A PC CAPITAL FUND SUPPORT 15,000

BRIDGEWAY REHABILITATION SERVICES INC

373 CLERMONT TERRACE
UNION,NJ07083 		N/A PC CAPITAL FUND SUPPORT 17,000

CAMPUS CLUBS INC

2193-B VINEVILLE AVENUE
MACON,GA31204 		N/A PC CAPITAL FUND SUPPORT 25,000

CENTER FOR GREAT EXPECTATIONS

19 DELLWOOD LANE
SOMERSET,NJ08873 		N/A PC CAPITAL FUND SUPPORT 9,900

CENTER FOR HOPE HOSPICE INC

1900 RARITAN ROAD
SCOTCH PLAINS,NJ07076 		N/A PC CAPITAL FUND SUPPORT 12,000

CHESHIRE HOME INC

9 RIDGEDALE AVENUE
FLORHAM PARK,NJ07932 		N/A PC CAPITAL FUND SUPPORT 10,000

CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION INC

150 NEW PROVIDENCE ROAD
MOUNTAINSIDE,NJ07092 		N/A PC CAPITAL FUND SUPPORT 17,500

COMMUNITY HOPE INC

959 ROUTE 46 EAST SUITE 402
PARSIPPANY,NJ07054 		N/A PC CAPITAL FUND SUPPORT 12,000

COMMUNITY FOOD BANK OF NEW JERSEY

31 EVANS TERMINAL
ROAD HILLSIDE,NJ07205 		N/A PC CAPITAL FUND SUPPORT 15,000

CONTACT WE CARE INC

PO BOX 2376
WESTFIELD,NJ07091 		N/A PC CAPITAL FUND SUPPORT 7,200

COUNCIL OF NEW JERSEY GRANTMAKERS

1977 NORTH OLDEN AVENUE SUITE 238
EWING,NJ08618 		N/A PC GENERAL OPERATING SUPPORT 2,725

COURT APPOINTED SPECIAL ADVOCATE OF UNION COUNTY INC

1143-45 EAST JERSEY STREET
ELIZABETH,NJ07102 		N/A PC CAPITAL FUND SUPPORT 10,000

COVENANT HOUSE NEW JERSEY

330 WASHINGTON STREET
NEWARK,NJ07102 		N/A PC CAPITAL FUND SUPPORT 20,000

ELIZABETH COALITION TO HOUSE THE HOMELESS

118 DIVISION STREET
ELIZABETH,NJ07201 		N/A PC CAPITAL FUND SUPPORT 6,400

FAR BROOK SCHOOL

52 GREAT HILLS ROAD
SHORT HILLS,NJ07078 		N/A PC CAPITAL FUND SUPPORT 15,000

FIRST PRESBYTERIAN DAY SCHOOL

5671 CALVIN DRIVE
MACON,GA31210 		N/A PC CAPITAL FUND SUPPORT 8,000

FRIENDS OF THE CANNONBALL HOUSE

856 MULBERRY STREET
MACON,GA31201 		N/A PC CAPITAL FUND SUPPORT 8,500

FROST VALLEY YMCA

2000 FROST VALLEY ROAD
CLARYVILLE,NY12725 		N/A PC CAPITAL FUND SUPPORT 15,000

FUTURE CITY INC

1045 EAST JERSEY STREET SUITE 204
ELIZABETH,NJ07201 		N/A PC CAPITAL FUND SUPPORT 9,400

GEORGE STREET PLAYHOUSE

PO BOX 194
NEW BRUNSWICK,NJ08903 		N/A PC CAPITAL FUND SUPPORT 15,000

GEORGIA COLLEGE AND STATE UNIVERSITY FOUNDATION

CAMPUS BOX 96
MILLEDGEVILLE,GA31061 		N/A PC CAPITAL FUND SUPPORT 15,000

GIRL SCOUTS HEART OF NEW JERSEY INC

1171 ROUTE 28
NORTH BRANCH,NJ08876 		N/A PC CAPITAL FUND SUPPORT 10,000

GIRL SCOUTS OF HISTORIC GEORGIA INC

6869 COLUMBUS ROAD
LIZELLA,GA31052 		N/A PC CAPITAL FUND SUPPORT 5,000

GOODWILL INDUSTRIES OF MIDDLE GEORGIA INC

5171 EISENHOWER PARKWAY
MACON,GA31206 		N/A PC CAPITAL FUND SUPPORT 10,000

GREATER NEWARK CONSERVANCY

32 PRINCE STREET
NEWARK,NJ07103 		N/A PC CAPITAL FUND SUPPORT 10,000

HISTORICAL SOCIETY ELIZABETH NEW JERSEY INC

1045 EAST JERSEY STREET SUITE 101
ELIZABETH,NJ07201 		N/A PC CAPITAL FUND SUPPORT 9,250

HOLY TRINITY INTERPAROCHIAL SCHOOL

336 FIRST STREET
WESTFIELD,NJ07090 		N/A PC CAPITAL FUND SUPPORT 10,000

HOMESHARING PROGRAM OF SOMERSET COUNTY

120 FINDERNE AVENUE
BRIDGEWATER,NJ08807 		N/A PC CAPITAL FUND SUPPORT 2,600

HUNTERDON ART MUSEUM

7 LOWER CENTER STREET
CLINTON,NJ08809 		N/A PC CAPITAL FUND SUPPORT 5,000

IMMACULATE CONCEPTION HIGH SCHOOL

33 COTTAGE PLACE
MONTCLAIR,NJ07042 		N/A PC CAPITAL FUND SUPPORT 7,000

JAZZ HOUSE KIDS INC

347 BLOOMFIELD AVENUE
MONTCLAIR,NJ07042 		N/A PC CAPITAL FUND SUPPORT 5,000

JESPY HOUSE

102 PROSPECT STREET
SCOTCH PLAINS,NJ07076 		N/A PC CAPITAL FUND SUPPORT 8,000

JEWISH COMMUNITY CENTER OF CENTRAL NEW JERSEY

1391 MARTINE AVENUE
SCOTCH PLAINS,NJ07076 		N/A PC CAPITAL FUND SUPPORT 12,500

JEWISH EDUCATIONAL CENTER

330 ELMORA AVENUE
ELIZABETH,NJ07208 		N/A PC CAPITAL FUND SUPPORT 5,000

JEWISH FAMILY SERVICE AGENCY OF CENTRAL NEW JERSEY

655 WESTFIELD AVENUE
ELIZABETH,NJ07208 		N/A PC CAPITAL FUND SUPPORT 15,000

JUNIOR ACHIEVEMENT OF NEW JERSEY

360 PEAR BLOSSOM DRIVE
EDISON,NJ08837 		N/A PC CAPITAL FUND SUPPORT 10,000

KENILWORTH HISTORICAL SOCIETY INC

567 BOULEVARD
KENILWORTH,NJ07033 		N/A PC CAPITAL FUND SUPPORT 5,000

KING'S DAUGHTERS DAY SCHOOL

502 WEST FRONT STREET
PLAINFIELD,NJ07060 		N/A PC CAPITAL FUND SUPPORT 14,000

KOINONIA ACADEMY

1040 PLAINFIELD AVENUE
PLAINFIELD,NJ07060 		N/A PC CAPITAL FUND SUPPORT 15,000

LIBERTY HALL MUSEUM INC

1003 MORRIS AVENUE
UNION,NJ07083 		N/A PC CAPITAL FUND SUPPORT 5,000

LITTLE KIDS ROCK INC

PO BOX 43369
MONTCLAIR,NJ07043 		N/A PC CAPITAL FUND SUPPORT 5,000

LOAVES AND FISHES MINISTRIES

PO BOX 825
MACON,GA31202 		N/A PC ENDOWMENT 15,000

LOCKERLY ARBORETUM FOUNDATION

PO BOX 310
MILLEDGEVILLE,GA31059 		N/A EOF CAPITAL FUND SUPPORT 12,500

MACON AREA HABITAT FOR HUMANITY

690 HOLT AVENUE
MACON,GA31204 		N/A PC CAPITAL FUND SUPPORT 10,000

MACON GEORGIA CHERRY BLOSSOM FESTIVAL INC

794 CHERRY STREET
MACON,GA31201 		N/A PC CAPITAL FUND SUPPORT 8,800

MANE STREAM INC

PO BOX 305
OLDWICK,NJ08858 		N/A PC CAPITAL FUND SUPPORT 3,000

MATHENY SCHOOL AND HOSPITAL

PO BOX 339
PEAPACK,NJ07977 		N/A PC CAPITAL FUND SUPPORT 12,000

MBCE MID HUDSON VALLEY CAMP INC

PO BOX 197
ESOPUS,NY12429 		N/A PC CAPITAL FUND SUPPORT 8,000

METHODIST HOME FOR CHILDREN AND YOUTH

PO BOX 2525
MACON,GA31206 		N/A PC CAPITAL FUND SUPPORT 15,000

MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION INC

100 UNIVERSITY PARKWAY
MACON,GA31206 		N/A PC CAPITAL FUND SUPPORT 15,000

MIDLAND FOUNDATION

PO BOX 5026
NORTH BRANCH,NJ08876 		N/A PC CAPITAL FUND SUPPORT 10,000

MILLEDGEVILLE BALDWIN COUNTY ALLIED ARTS INC

201 N WAYNE STREET
MILLEDGEVILLE,GA31061 		N/A PC CAPITAL FUND SUPPORT 5,000

MORRIS MUSEUM

6 NORMANDY HEIGHTS ROAD
MORRISTOWN,NJ07960 		N/A PC CAPITAL FUND SUPPORT 10,000

MOUNT DE SALES ACADEMY

851 ORANGE STREET
MACON,GA31201 		N/A PC CAPITAL FUND SUPPORT 10,000

MOUNT SAINT MARY ACADEMY

1645 US HIGHWAY 22
WATCHUNG,NJ07069 		N/A PC CAPITAL FUND SUPPORT 6,000

MULBERRY STREET UNITED METHODIST CHURCH

PO BOX 149
MACON,GA31202 		N/A PC CAPITAL FUND SUPPORT 10,000

MUSEUM OF ARTS AND SCIENCES

4182 FORSYTH ROAD
MACON,GA31210 		N/A PC CAPITAL FUND SUPPORT 15,000

NATURE CONSERVANCY

200 POTTERSVILLE ROAD
CHESTER,NJ07930 		N/A PC CAPITAL FUND SUPPORT 25,000

NAVICENT HEALTH FOUNDATION

PO BOX 7718
MACON,GA31209 		N/A PC CAPITAL FUND SUPPORT 20,000

NEW JERSEY BALLET COMPANY

7-9 VREELAND ROAD
FLORHAM PARK,NJ07932 		N/A PC CAPITAL FUND SUPPORT 15,000

NEW JERSEY CONSERVATION FOUNDATION

170 LONGVIEW ROAD
FAR HILLS,NJ07931 		N/A PC CAPITAL FUND SUPPORT 8,000

NEW JERSEY SYMPHONY ORCHESTRA

60 PARK PLACE 9TH FLOOR
NEWARK,NJ07102 		N/A PC CAPITAL FUND SUPPORT 6,000

NEW JERSEY TREE FOUNDATION

576 LEESVILLE ROAD
JACKSON,NJ08527 		N/A PC CAPITAL FUND SUPPORT 5,000

NEWTOWN MACON

555 POPLAR STREET
MACON,GA31201 		N/A PC CAPITAL FUND SUPPORT 23,000

OAK KNOLL SCHOOL OF THE HOLY CHILD

44 BLACKBUM ROAD
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 15,000

ORATORY PREPARATORY SCHOOL

425 MORRIS AVENUE
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 15,000

OTIS REDDING FOUNDATION

339 COTTON AVENUE
MACON,GA31201 		N/A PC ENDOWMENT 25,000

OUR HOUSE FOUNDATION INC

76 FLORAL AVENUE
NEW PROVIDENCE,NJ07974 		N/A PC CAPITAL FUND SUPPORT 6,000

OVERLOOK HOSPITAL FOUNDATION

46 BEAUVOIR AVENUE
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 10,000

PG CHAMBERS SCHOOL INC

15 HALKO DRIVE
CEDAR KNOLLS,NJ07927 		N/A PC CAPITAL FUND SUPPORT 10,000

PAPER MILL PLAYHOUSE

22 BROOKSIDE DRIVE
MILLBURN,NJ07041 		N/A PC CAPITAL FUND SUPPORT 20,000

PLANNED LIFETIME ASSISTANCE NETWORK OF NEW JERSEY

PO BOX 547
SOMERVILLE,NJ08876 		N/A PC CAPITAL FUND SUPPORT 10,000

PRESERVATION AMERICA TRUST

7342 LINTON ROAD
SPARTA,GA31087 		N/A PC CAPITAL FUND SUPPORT 3,000

RARITAN HEADWATERS ASSOCIATION

PO BOX 273
GLADSTONE,NJ07934 		N/A PC CAPITAL FUND SUPPORT 10,000

REBUILDING MACON INC

3864 LAKE STREET
MACON,GA31204 		N/A PC CAPITAL FUND SUPPORT 15,000

REEVES-REED ARBORETUM

165 HOBART AVENUE
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 15,000

RESCUE MISSION OF MIDDLE GEORGIA

6601 ZEBULON ROAD
MACON,GA31210 		N/A PC CAPITAL FUND SUPPORT 10,000

RESOLVE COMMUNITY COUNSELING CENTER INC

1830 FRONT STREET
SCOTCH PLAINS,NJ07076 		N/A PC CAPITAL FUND SUPPORT 3,900

RONALD MCDONALD HOUSE CHARITIES OF CENTRAL GEORGIA

1160 FORSYTH STREET
MACON,GA31201 		N/A PC CAPITAL FUND SUPPORT 5,400

ROSE HILL PRESERVATION AND RESTORATION INC

PO BOX 6764
MACON,GA31208 		N/A PC CAPITAL FUND SUPPORT 7,000

ROSELLE CATHOLIC HIGH SCHOOL

350 RARITAN ROAD
ROSELLE,NJ07203 		N/A PC CAPITAL FUND SUPPORT 9,000

RUTGERS UNIVERSITY FOUNDATION

19 COLLEGE AVENUE ROOM 207
NEW BRUNSWICK,NJ08901 		N/A PC ENDOWMENT 5,000

SAGE ELDERCARE INC

290 BROAD STREET
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 5,500

SCHOLARSHIP FUND FOR INNER-CITY CHILDREN

171 CLIFTON AVENUE
NEWARK,NJ07104 		N/A PC CAPITAL FUND SUPPORT 10,000

SHAKESPEARE THEATRE OF NEW JERSEY

3 VREELAND ROAD
FLORHAM PARK,NJ07932 		N/A PC CAPITAL FUND SUPPORT 12,500

SOUTH ORANGE PERFORMING ARTS CENTER

ONE SOPAC WAY
SOUTH ORANGE,NJ07079 		N/A PC CAPITAL FUND SUPPORT 10,000

SOUTH STREET THEATRE COMPANY

100 SOUTH STREET
MORRISTOWN,NJ07960 		N/A PC CAPITAL FUND SUPPORT 6,000

ST BENEDICT'S PREPARATORY SCHOOL

520 DR MARTIN LUTHER KING JR
BOULEVARD
NEWARK,NJ07102 		N/A PC ENDOWMENT 5,000

ST HUBERT'S ANIMAL WELFARE CENTER

PO BOX 159
MADISON,NJ07940 		N/A PC CAPITAL FUND SUPPORT 15,000

ST JOSEPH CHURCH

424 N MESA VERDE AVENUE
AZTEC,NM87410 		N/A PC GENERAL OPERATING SUPPORT 3,000

ST JOSEPH INDIAN MISSION

PO BOX 128
KEAMS CANYON,AZ86034 		N/A PC GENERAL OPERATING SUPPORT 3,000

ST JOSEPH SOCIAL SERVICE CENTER

118 DIVISION STREET
ELIZABETH,NJ07201 		N/A PC CAPITAL FUND SUPPORT 30,000

ST MICHAELS MISSION

PO BOX 680
SAINT MICHAELS,AZ86511 		N/A PC GENERAL OPERATING SUPPORT 3,000

ST PETER CLAVER SCHOOL

133 WARD STREET
MACON,GA31204 		N/A PC CAPITAL FUND SUPPORT 65,000

STRATFORD ACADEMY

60 IO PEAKE ROAD
MACON,GA31220 		N/A PC CAPITAL FUND SUPPORT 9,000

SUMMIT AREA YMCA

99 MORRIS AVENUE
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 5,000

SUMMIT SPEECH SCHOOL

705 CENTRAL AVENUE SUITE 1
NEW PROVIDENCE,NJ07974 		N/A PC ENDOWMENT 7,500

TATTNALL SQUARE ACADEMY

111 TROJAN TRAIL
MACON,GA31210 		N/A PC CAPITAL FUND SUPPORT 11,000

THE BRIDGE INC

860 BLOOMFIELD AVENUE
WEST CALDWELL,NJ07006 		N/A PC CAPITAL FUND SUPPORT 5,000

THE CONNECTION FOR WOMEN AND FAMILIES

79 MAPLE STREET
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 15,000

THE GREENWOOD GARDENS

274 OLD SHORT HILLS ROAD
SHORT HILLS,NJ07078 		N/A PC CAPITAL FUND SUPPORT 8,000

THE LAND CONSERVANCY OF NEW JERSEY

19 BOONTON AVENUE
BOONTON,NJ07005 		N/A PC CAPITAL FUND SUPPORT 7,500

THE NEWARK MUSEUM ASSOCIATION

49 WASHINGTON STREET
NEWARK,NJ07102 		N/A PC CAPITAL FUND SUPPORT 7,500

THE RAPTOR TRUST

1390 WHITE BRIDGE ROAD
MILLINGTON,NJ07946 		N/A PC CAPITAL FUND SUPPORT 15,000

THE SALVATION ARMY

PO BOX 13386
MACON,GA31208 		N/A PC CAPITAL FUND SUPPORT 15,000

THE THEATER PROJECT

PO BOX 101
UNION,NJ07083 		N/A PC CAPITAL FUND SUPPORT 2,000

TRAIL BLAZER CAMPS

394 ROGERS AVENUE
BROOKLYN,NY11225 		N/A PC CAPITAL FUND SUPPORT 7,900

TRINITAS HEALTH FOUNDATION

PO BOX 259
ELIZABETH,NJ07207 		N/A PC CAPITAL FUND SUPPORT 75,000

TRUST FOR PUBLIC LAND

60 PARK PLACE SUITE 901
NEWARK,NJ07102 		N/A PC CAPITAL FUND SUPPORT 12,500

UNION COUNTY COLLEGE FOUNDATION

1033 SPRINGFIELD AVENUE
CRANFORD,NJ07016 		N/A PC CAPITAL FUND SUPPORT 7,400

UNITED FAMILY AND CHILDREN'S SOCIETY

305 WEST SEVENTH STREET
PLAINFIELD,NJ07060 		N/A PC CAPITAL FUND SUPPORT 10,000

UNITED WAY OF GREATER UNION COUNTY

33 WEST GRAND STREET
ELIZABETH,NJ07202 		N/A PC CAPITAL FUND SUPPORT 10,000

VISUAL ARTS CENTER OF NEW JERSEY

68 ELM STREET
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 10,000

VIVID STAGE INC

120 MORRIS AVENUE
SUMMIT,NJ07901 		N/A PC CAPITAL FUND SUPPORT 4,500

WARDLAW-HARTRIDGE SCHOOL

1295 INMAN AVENUE
EDISON,NJ08820 		N/A PC CAPITAL FUND SUPPORT 7,500

WESLEY GLEN MINISTRIES

4580 NORTH MUMFORD ROAD
MACON,GA31210 		N/A PC CAPITAL FUND SUPPORT 12,500

WESLEYAN COLLEGE

4760 FORSYTH ROAD
MACON,GA31210 		N/A PC CAPITAL FUND SUPPORT 20,000

WESTFIELD AREA Y

220 CLARK STREET
WESTFIELD,NJ07090 		N/A PC CAPITAL FUND SUPPORT 10,000

WESTFIELD COOPERATIVE NURSEY SCHOOL INC

125 ELMER STREET WESTFIELD
WESTFIELD,NJ07090 		N/A PC CAPITAL FUND SUPPORT 10,000

WHARTON INSTITUTE FOR THE PERFORMING ARTS INC

60 LOCUST AVENUE
BERKELEY HEIGHTS,NJ07922 		N/A PC CAPITAL FUND SUPPORT 6,000

WOODFORD CEDAR RUN WILDLIFE REFUGE

4 SAWMILL ROAD
MEDFORD,NJ08055 		N/A PC CAPITAL FUND SUPPORT 5,000

WOODLANDS WILDLIFE REFUGE INC

PO BOX 5046
CLINTON,NJ08809 		N/A PC CAPITAL FUND SUPPORT 5,000

YMCA CAMP RALPH S MASON

23 BIRCH RIDGE ROAD
HARDWICK,NJ07825 		N/A PC CAPITAL FUND SUPPORT 8,500

YMCA OF EASTERN UNION COUNTY

144 MADISON AVENUE
ELIZABETH,NJ07201 		N/A PC CAPITAL FUND SUPPORT 20,000

YOGI BERRA MUSEUM AND LEARNING CENTER

8 YOGI BERRA DRIVE
LITTLE FALLS,NJ07424 		N/A PC CAPITAL FUND SUPPORT 5,000

YWCA OF EASTERN UNION COUNTY

PO BOX 462
KENILWORTH,NJ07033 		N/A PC CAPITAL FUND SUPPORT 20,000

ZOOLOGICAL SOCIETY OF NEW JERSEY INC

560 NORTHFIELD AVENUE
WEST ORANGE,NJ07052 		N/A PC CAPITAL FUND SUPPORT 15,000
Total .................................right arrow 3a 1,543,965
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 59,225  
4 Dividends and interest from securities ....     14 608,728  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,448,678  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER MISCELLANEOUS INVESTMENT INCOME 		    01 25  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,116,656 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,116,656
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND BOOKKEEPING 14,885 0   14,885

TY 2023 InvestmentsCorpBondsSchedule
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
Name of Bond End of Year Book Value End of Year Fair Market Value
CAPITAL ONE FINCL NTS CORP 03.300%, 10/30/24 (14040HBT1) 300,000 QTY 302,099 294,987

TY 2023 InvestmentsCorpStockSchedule
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
Name of Stock End of Year Book Value End of Year Fair Market Value
AMAZON.COM INC (AMZN) 2,200.000 SHARES 223,851 334,268
AT&T INC (T) 10,000.000 SHARES 217,616 167,800
BARRICK GOLD CORP (GOLD) 5,500.000 SHARES 128,741 99,495
CHEVRON CORP (CVX) 3,000.000 SHARES 412,955 447,480
COCA COLA CO COM (KO) 3,000.000 SHARES 61,231 176,790
COLGATE PALMOLIVE CO (CL) 1,500.000 SHARES 34,442 119,565
COSTCO WHOLESALE CORP (COST) 1,250.000 SHARES 38,385 825,100
GENL DYNAMICS CORP (GD) 1,000.000 SHARES 39,163 259,670
JOHNSON & JOHNSON COM (JNJ) 1,652.000 SHARES 35,122 258,934
JPMORGAN CHASE & CO (JPM) 2,500.000 SHARES 146,888 425,250
KINDER MORGAN INC (KMI) 10,000.000 SHARES 238,975 176,400
LOCKHEED MARTIN CORP (LMT) 500.000 SHARES 196,397 226,620
LOWES COMPANIES INC (LOW) 3,500.000 SHARES 35,055 778,925
MEDTRONIC PLC (MDT) 4,000.000 SHARES 305,655 329,520
MERCK & CO INC COM (MRK) 3,200.000 SHARES 185,108 348,864
MICROSOFT CORP (MSFT) 2,400.000 SHARES 52,307 902,496
NEXTERA ENERGY INC COM (NEE) 5,400.000 SHARES 54,536 327,996
NOVARTIS AG SPON ADR (NVS) 2,000.000 SHARES 92,000 201,940
PEPSICO INC (PEP) 1,500.000 SHARES 37,810 254,760
PROCTER & GAMBLE CO (PG) 1,000.000 SHARES 13,793 146,540
PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) 3,500.000 SHARES 116,651 214,025
RTX CORP (RTX) 1,500.00 SHARES 86,568 126,210
SCHLUMBERGER LTD NETHERLANDS ANTILLES (SLB) 5,000.000 SHARES 226,857 260,200
TRAVELERS COS INC/THE (TRV) 1,000.000 SHARES 55,006 190,490
UNION PACIFIC CORP (UNP) 1,000.000 SHARES 125,859 245,620
VERIZON COMMUNICATIONS INC (VZ) 4,000.000 SHARES 160,107 150,800
WEYERHAEUSER CO (WY) 6,000.000 SHARES 85,973 208,620

TY 2023 InvestmentsGovtObligationsSch
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
US Government Securities - End of Year Book Value:

4,808,827
US Government Securities - End of Year Fair Market Value:

4,836,092
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AMERICAN FUNDS EURO PACIFIC GROWTH FUND CL A (AEPGX) 34,579.178 SHARES AT COST 1,002,285 1,891,135
AMERICAN FUNDS INCOME FUND OF AMERICA CL A (AMECX) 101,016.020 SHARES AT COST 1,665,718 2,367,816
AMERICAN FUNDS NEW WORLD FUND CL A (NEWFX) 10,178.723 SHARES AT COST 677,746 763,710
AMERICAN FUNDS SMALLCAP WORLD FUND CL A (SMCWX) 19,080.879 SHARES AT COST 802,941 1,264,108
ASHFORD CAPITAL PARTNERS, L.P. AT COST 1,090,385 969,179
INVESCO GOLD & SPECIAL MINERALS FUND CLASS A (OPGSX) 9,015.296 SHARES AT COST 264,042 206,360
INVESCO PFD ETF (PGX) 39,000.000 SHARES AT COST 550,051 447,330
INVESCO WATER RESOURCES ETF (PHO) 6,000.000 SHARES AT COST 107,582 365,160
ISHARES CHINA LARGE-CAP ETF (FXI) 4,000.000 SHARES AT COST 102,577 96,120
ISHARES GOLD TR (IAU) 16,500.000 SHARES AT COST 200,233 643,995
NEW YORK LIFE INSURANCE CORP SECURE TERM MVA FIXED ANN II 01.600% AT COST 300,000 313,610
PIMCO COMMODITY REAL RETURN STRATEGY FUND CLASS A (PCRAX) 9,348.766 SHARES AT COST 361,941 114,242
PIMCO EMERGING MARKETS LOCAL CURRENCY AND BOND A (PELAX) 47,134.791 SHARES AT COST 465,251 283,751
SPDR S&P REGL BANKING ETF (KRE) 2,000.000 SHARES AT COST 143,615 104,860
VANGUARD COMMUNICATION SERVICES ETF (VOX) 4,000.000 SHARES AT COST 351,328 470,896
VANGUARD FINANCIALS ETF (VFH) 4,000.000 SHARES AT COST 204,357 369,040
VANGUARD FTSE EMERGING MARKETS ETF (VWO) 6,000.000 SHARES AT COST 265,227 246,600
VANGUARD HIGH YIELD CORPORATE FUND ADMIRAL (VWEAX) 43,782.837 SHARES AT COST 251,250 237,303
VANGUARD INFORMATION TECHNOLOGY ETF (VGT) 5,000.000 SHARES AT COST 496,825 2,420,000
VANGUARD INTER TERM CORPORATEBD BOND ETF (VCIT) 17,500.000 SHARES AT COST 1,535,082 1,422,400
VANGUARD S&P MID-CAP 400 ETF (IVOO) 4,000.000 SHARES AT COST 208,388 375,880
VANGUARD SHORT TERM INVESTMENT GRADE FUND ADMIRAL (VFSUX) 136,738.653 SHARES AT COST 1,506,118 1,398,836
VANGUARD TOTAL INTL STOCK INDEX FUND ETF (VXUS) 4,400.000 SHARES AT COST 248,383 255,024

TY 2023 OtherExpensesSchedule
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 64 0   0
DUE AND SUBSCRIPTIONS 750 0   750
GRANTMAKING SOFTWARE 4,052 0   4,052
INSURANCE EXPENSE 1,990 0   1,990
OFFICE AND OTHER EXPENSES 408 0   408
OTHER INVESTMENT EXPENSES 14 14   0
THRU SCHEDULE K-1 - ASHFORD CAPITAL PARTNERS, L.P. 0 15,346   0


TY 2023 OtherIncomeSchedule2
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
THRU SCHEDULE K-1 - ASHFORD CAPITAL PARTNERS, L.P.   254  
OTHER MISCELLANEOUS INVESTMENT INCOME 25 25 25


TY 2023 OtherProfessionalFeesSchedule
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GRANTS ADMINISTRATOR 9,000 0   9,000


TY 2023 TaxesSchedule
Name:
EJ GRASSMANN TRUST
EIN:
22-6326539
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD 3,620 3,620   0