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
THE CARL M FREEMAN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)31255 AMERICANA PARKWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SELBYVILLE, DE19975
A Employer identification number

52-6047536
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$110,783,277J 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 296,970 296,970 296,970
4 Dividends and interest from securities... 1,224,411 1,224,411 1,224,411
5a Gross rents............ 1,581,639 1,531,888 1,581,639
b Net rental income or (loss) 1,581,639
6a Net gain or (loss) from sale of assets not on line 10 390,311
b Gross sales price for all assets on line 6a 18,193,801
7 Capital gain net income (from Part IV, line 2)... 390,311
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
331,256 0 331,256
12 Total. Add lines 1 through 11........ 3,824,587 3,443,580 3,434,276
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 161,994 16,200 0 145,794
14 Other employee salaries and wages...... 254,959 38,244 0 216,715
15 Pension plans, employee benefits....... 25,781 3,468 0 22,313
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,174 0 0 2,174
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
26,800 0 0 26,800
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
45,665 40,850 0 4,815
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
54,531 54,531 0 0
19 Depreciation (attach schedule) and depletion... 162,357 0 0
20 Occupancy.............. 107,968 0 0 107,968
21 Travel, conferences, and meetings....... 12,273 0 0 12,273
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
108,168 63,570 0 44,598
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 962,670 216,863 0 583,450
25 Contributions, gifts, grants paid....... 5,499,016 5,499,016
26 Total expenses and disbursements. Add lines 24 and 25 6,461,686 216,863 0 6,082,466
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,637,099
b Net investment income (if negative, enter -0-) 3,226,717
c Adjusted net income (if negative, enter -0-)... 3,434,276
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.............      
2 Savings and temporary cash investments......... 3,940,504 1,013,838 1,013,838
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.......... 83,812 68,209 68,209
10a Investments—U.S. and state government obligations (attach schedule) 5,126,977 Click to see attachment
List of Attached Documents:
// Content
7,325,152 		7,325,152
b Investments—corporate stock (attach schedule)....... 41,644,098 Click to see attachment
List of Attached Documents:
// Content
47,846,175 		47,846,175
c Investments—corporate bonds (attach schedule)....... 9,652,065 Click to see attachment
List of Attached Documents:
// Content
9,468,868 		9,468,868
11 Investments—land, buildings, and equipment: basis right arrow29,346,104
Less: accumulated depreciation (attach schedule) right arrow   29,861,838 29,346,104 29,346,104
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,985,967 Click to see attachment
List of Attached Documents:
// Content
11,465,503 		11,465,503
14 Land, buildings, and equipment: basis right arrow4,823,026
Less: accumulated depreciation (attach schedule) right arrow573,598 4,424,404 4,249,428 4,249,428
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 107,719,665 110,783,277 110,783,277
Liabilities 17 Accounts payable and accrued expenses.......... 53,820 75,863
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)......... 53,820 75,863
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........... 107,665,845 110,707,414
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)..... 107,665,845 110,707,414
30 Total liabilities and net assets/fund balances (see instructions). 107,719,665 110,783,277
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
107,665,845
2
Enter amount from Part I, line 27a .....................
2
-2,637,099
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,678,668
4
Add lines 1, 2, and 3 ..........................
4
110,707,414
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
110,707,414
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 P 2022-12-31 2023-12-31
b CAPITAL GAIN DISTRIBUTIONS P 2022-12-31 2023-12-31
c   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 18,146,566   17,803,490 343,076
b 47,235     47,235
c       0
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       343,076
b       47,235
c       0
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 2 390,311
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 0
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 44,851
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 44,851
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 44,851
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 29,379
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 39,663
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 69,042
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 699
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 23,492
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow23,492 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMD
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowWWW.CARLFREEMANFOUNDATION.ORG
14
The books are in care ofright arrowRHONDA TULLY Telephone no.right arrow (302) 654-8500

Located atright arrow31255 AMERICANA PARKWAYSELBYVILLEDE ZIP+4right arrow19975
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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
Yes
 
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
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 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
MICHELLE L FREEMAN CHAIRMAN/PRESIDENT
14.00 		138,341 0 3,139
31255 AMERICAN PARKWAY
SELBYVILLE,DE19975
PATTI GRIMES EXECUTIVE DIRECTOR
20.00 		132,867 3,710 5,503
31255 AMERICAN PARKWAY
SELBYVILLE,DE19975
CHRISTINE A SHREVE TREASURER/VICE CHAIRMAN/DIRECTOR
4.00 		0 0 0
31255 AMERICAN PARKWAY
SELBYVILLE,DE19975
NICHOLAS FREEMAN SECRETARY/DIRECTOR
4.00 		0 0 0
31255 AMERICAN PARKWAY
SELBYVILLE,DE19975
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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
CHEVY CHASE BANK INVESTMENT FEES 101,645
7501 WISCONSIN AVE 1500W
BETHESDA,MD20814
WEALTHSPIRE ADVISORY INVESTMENT FEES 90,885
ONE PRESERVE PARKWAY 610
ROCKVILLE,MD20852
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
72,758,903
b
Average of monthly cash balances.......................
1b
2,477,171
c
Fair market value of all other assets (see instructions)................
1c
30,495,500
d
Total (add lines 1a, b, and c).........................
1d
105,731,574
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
105,731,574
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,585,974
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
104,145,600
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,207,280
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
5,207,280
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
44,851
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
1,732
c
Add lines 2a and 2b............................
2c
46,583
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,160,697
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,160,697
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
5,160,697
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
6,082,466
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
6,082,466
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 5,160,697
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......  
b From 2019......  
c From 2020...... 648,530
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 648,530
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,082,466
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..... 5,160,697
e Remaining amount distributed out of corpus 921,769
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 1,570,299
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,570,299
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 648,530
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 921,769
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:
PATTI GRIMES
31255 AMERICANA PARKWAY
SELBYVILLE,DE19975
(302) 654-8500
bThe form in which applications should be submitted and information and materials they should include:
THE APPLICATION PROCESS REQUIRES ELIGIBLE APPLICANTS TO SUBMIT ALL REQUIRED INFORMATION ON-LINE THROUGH THE CARL M. FREEMAN FOUNDATION WEBSITE.
cAny submission deadlines:
DEADLINES FOR THE TWO ANNUAL FACES GRANT CYCLES ARE PUBLISHED ON THE FOUNDATION WEBSITE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOLLOWING RESTRICTIONS APPLY TO APPLICANTS: APPLICANTS MUST BE AN IRS-RECOGNIZED 501(C)(3) TAX-EXEMPT, NONPROFIT ORGANIZATION IN GOOD STANDING, OR A PUBLIC AGENCY SPECIFICALLY SERVING THE RESIDENTS OF THE FUNDING AREA. APPLICANTS APPLYING IN MONTGOMERY COUNTY, MD, MUST HAVE AN ANNUAL OPERATING BUDGET OF $750,000 OR LESS AND BE BASED IN MONTGOMERY COUNTY, MD. APPLICANTS APPLYING IN SUSSEX COUNTY, DE, MUST HAVE AN ANNUAL OPERATING BUDGET OF $500,000 OR LESS AND BE BASED IN SUSSEX COUNTY, DE. AWARDS ARE NOT MADE TO: INDIVIDUALS, POLITICAL ASSOCIATIONS ORCANDIDATES. AWARDS ARE NOT MADE TO ORGANIZATIONS THAT WOULD DISBURSE FUNDING TO OTHER ORGANIZATIONS, ORGANIZATIONS THAT DISCRIMINATE ON THE BASIS OF RACE, CREED, GENDER, SEXUAL ORIENTATION, AGE RELIGION, DISABILITY OR NATIONAL ORIGIN.
Form 990-PF (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

AMERICAN HEART ASSOCIATION

4217 PARK PL CT
GLEN ALLEN,VA23060 		NONE PC HEALTH 1,500

AMERICAN MUSLIM SENIOR SOCIETY

15800 BRABBS BRANCH WAY
ROCKVILLE,MD20855 		NONE PC SOCIAL SERVICES 10,000

ANTI-DEFAMATION LEAGUE

605 THIRD AVENUE
NEW YORK,NY10158 		NONE PC SOCIAL SERVICES 25,000

ART LEAGUE OF OCEAN CITY INC

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

ART WORKS FOR ALL

1200 DUPONT HWY
DOVER,DE19901 		NONE PC SOCIAL SERVICES 2,500

BARBARA K BROOKS TRANSITION HOUSE INC

109 CAROLYN STREET
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 9,000

BEEBE MEDICAL FOUNDATION

902 SAVANNAH ROAD
LEWES,DE19958 		NONE PC HEALTH 100,000

ARTS FOR THE AGING INC

9841 WASHINGTONIAN BLVD SUITE 200-6
GAITHERSBURG,MD20878 		NONE PC SOCIAL SERVICES 5,000

BENDER JCC OF GREATER WASHINGTON

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

ATHLETES FOR HOPE

4801 HAMPDEN AVE UNIT 104
BETHESDA,MD20814 		NONE PC SOCIAL SERVICES 22,500

BALTIMORE ANIMAL RESCUE

2490 GILES ROAD
BALTIMORE,MD21225 		NONE PC EDUCATION 2,000

BOYS & GIRLS CLUB OF DELAWARE

669 S UNION STREET
WILMINGTON,DE19805 		NONE PC SOCIAL SERVICES 6,000

BRANDYWINE VALLEY SPCA

1212 PHOENIXVILLE PIKE
WEST CHESTER,PA19380 		NONE PC SOCIAL SERVICES 2,000

CAL RIPKEN SR FOUNDATION

PO BOX 825452
PHILADELPHIA,PA19182 		NONE PC SOCIAL SERVICES 5,000

BETHANY-FENWICK AREA CHAMGER

36913 COASTAL HWY
FENWICK ISLAND,DE19944 		NONE PC SOCIAL SERVICES 1,800

CAMP ARROWHEAD (DIOCESAN COUNCIL INC)

913 WILSON ROAD
WILMINGTON,DE19803 		NONE PC SOCIAL SERVICES 134,000

CANCER SUPPORT COMMUNITY DELAWARE

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

CAPE HENLOPEN EDUCATIONAL FOUNDATION

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

BIGFOOT ENDURANCE INCORPORATED

10213 CAMELFORD CT
ELLICOTT CITY,MD21042 		NONE PC SOCIAL SERVICES 10,000

BORJORA FOUNDATION (THE)

PO BOX 276
DAGSBORO,DE19939 		NONE PC EDUCATION 1,000

CATHOLIC COALITION FOR SPECIAL EDUCATION

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

BUILDING BRIDGES ACROSS THE RIVER

1901 MISSISSIPPI AVE SE SUITE 101
WASHINGTON,DC20020 		NONE PC ARTS 15,000

CHILDREN'S BEACH HOUSE

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

CLOTHING OUR KIDS

26582 JOHN J WILLIAMS HIGHWAY SUITE
2
MILLSBORO,DE19966 		NONE PC SOCIAL SERVICES 10,000

COASTAL CONCERTS INC

129 WEST 4TH STREET
LEWES,DE19958 		NONE PC ARTS 1,000

COLORECTAL CANCER ALLIANCE

1025 VERMONT AVE NW SUITE 1066
WASHINGTON,DC20005 		NONE PC HEALTH 10,000

COMMUNITY FARMSHARE

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

BYTE BACK

899 NORTH CAPITOL ST NE 850
WASHINGTON,DC20002 		NONE PC EDUCATION 5,000

CONTRACTORS FOR A CAUSE

PO BOX 1282
OCEAN VIEW,DE19930 		NONE PC SOCIAL SERVICES 10,000

COURT APPOINTED SPECIAL ADVOCATE

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

COURT WATCH MONTGOMERY

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

CAMP BARNES

37171 CAMP BARNES RD
FRANKFORD,DE19945 		NONE PC SOCIAL SERVICES 10,000

CAMP REHOBOTH

37 BALTIMORE AVE
REHOBOTH BEACH,DE19971 		NONE PC EDUCATION 500

DELAWARE ADOLESCENT PROGRAM INC

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

DELAWARE BREAST CANCER COALITION INC

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

DELAWARE CENTER FOR THE INLAND BAYS

39375 INLET RD
REHOBOTH BEACH,DE19971 		NONE PC ENVIRONMENT 11,000

CELEBRATE WELLNESS

19406 COASTAL HIGHWAY
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 5,000

DELAWARE HOSPICE INC (INCL WILMINGTON)

630 CHURCHMANS ROAD
NEWARK,DE19702 		NONE PC SOCIAL SERVICES 10,000

CHARLES KOINER CENTER FOR URBAN LIVING

737 EASLEY STREET
SILVER SPRING,MD20910 		NONE PC SOCIAL SERVICES 5,000

CROHN'S & COLITIS FOUNDATION

2202 18TH ST NW 116
WASHINGTON,DC20009 		NONE PC SOCIAL SERVICES 55,050

DELAWARE 4-H FOUNDATION

531 S COLLEGE AVE
NEWARK,DE19716 		NONE PC ENVIRONMENT 2,000

DELAWARE FARM BUREAU FOUNDATION

3457 S DUPONT HWY
CAMDEN,DE19934 		NONE PC SOCIAL SERVICES 1,000

DELAWARE NATURE SOCIETY

3511 BARLEY MILL RD
HOCKESSIN,DE19707 		NONE PC ENVIRONMENT 2,000

DELAWARE SPORTS COMMISSION

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

DELAWARE TECHNICAL & COMMUNITY COLLEGE

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

DOCTORS WITHOUT BORDERS

40 RECTOR ST 16TH FLOOR
NEW YORK,NY10006 		NONE PC HEALTH 10,000

DELMARVA COMMUNITY WELLNET

1307 SAVANNAH ROAD
LEWES,DE19958 		NONE PC SOCIAL SERVICES 10,000

ESLLCOS

20276 BAY VISTA RD
REHOBOTH BEACH,DE19971 		NONE PC EDUCATION 5,000

DELMARVA WHISKEY CLUB CHARITABLE FDN

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

ENGINEERING EARLY ASSOCIATION

92 READS WAY SUITE 208
NEW CASTLE,DE19720 		NONE PC EDUCATION 2,500

DEVON C RUBENSTEIN FOUNDATION

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

F FENTANYL INC

13045 SW 107TH TER
MIAMI,FL33186 		NONE PC SOCIAL SERVICES 5,000

FIDD NY OFFICE

PO BOX 4224
NEW YORK,NY10163 		NONE PC SOCIAL SERVICES 25,000

DWELLING PLACE INC (THE)

19632 CLUB HOUSE ROAD SUITE 510
MONTGOMERY VILLAGE,MD20886 		NONE PC SOCIAL SERVICES 5,000

FOLDS OF HONOR

5971 N PATRIOT DRIVE
OWASSO,OK74055 		NONE PC SOCIAL SERVICES 10,000

FOOD BANK OF DELAWARE

102 DE VETERANS BLVD
MILFORD,DE19963 		NONE PC SOCIAL SERVICES 1,000

FREEMAN ARTS PAVILION INC

31255 AMERICANA PARKWAY
SELBYVILLE,DE19975 		NONE PC ARTS 3,500,000

FAMILY PROMISE OF SOUTHERN DELAWARE

PO BOX 439
NASSAU,DE19969 		NONE PC SOCIAL SERVICES 10,000

FIRST STATE BALLET

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

FIRST TEE GREATER WASHINGTON DC

2020 PENNSYLVANIA AVE NW 106
WASHINGTON,DC20006 		NONE PC SOCIAL SERVICES 10,000

FOOD FOR MONTGOMERY FUND

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

FOSTERING WISHES FOUNDATION

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

GAITHERSBURG BELOVED COMM INITIATIVE

201 RUSSELL AVENUE
GAITHERSBURG,MD20877 		NONE PC SOCIAL SERVICES 10,000

FRIENDS OF VOLTA PARK INC

3149 16TH STREET NW
WASHINGTON,DC20016 		NONE PC ENVIRONMENT 2,500

FURNISH HOPE DC

1516 GOOD HOPE RD
WASHINGTON,DC20020 		NONE PC SOCIAL SERVICES 5,000

GREATER DC DIAPER BANK

8860 MONARD DR
SILVER SPRING,MD20910 		NONE PC SOCIAL SERVICES 7,500

GAITHERSBURG HELP INC

301 MUDDY BRANCH ROAD
GAITHERSBURG,MD20878 		NONE PC SOCIAL SERVICES 10,000

GROW TOGETHER SNOW FOUNDATION

1500 WALNUT STREET SUITE 800
PHILADELPHIA,PA19102 		NONE PC ARTS 1,000

GEORGETOWN UNIVERSITY

37TH AND O STREETS NW
WASHINGTON,DC20057 		NONE PC EDUCATION 30,013

HELLENIC INITIATIVE

750 LEXINGTON AVE 9TH FLOOR
NEW YORK,NY10022 		NONE PC SOCIAL SERVICES 15,000

GIRLS ON THE RUN DELAWARE INC

615 WEST 18TH STREET
WILMINGTON,DE19802 		NONE PC SOCIAL SERVICES 2,500

HOWARD T ENNIS SCHOOL

26021 PATRIOTS WAY
GEORGETOWN,DE19947 		NONE PC EDUCATION 2,000

HUMANE ANIMAL PARTNERS

18675 COASTAL HIGHWAY
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 500

IN ONE ACCORD

326 N SPRING ST
EVERETT,PA15537 		NONE PC SOCIAL SERVICES 1,000

HALCYON HOUSE (GLOBAL GOOD FUND)

3400 PROSPECT ST NW
WASHINGTON,DC20007 		NONE PC SOCIAL SERVICES 1,000

HARRY K FOUNDATION

313 SOUTH BOARDWALK
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 5,000

HERO DOGS INC

PO BOX 64
BROOKEVILLE,MD20833 		NONE PC SOCIAL SERVICES 10,000

HISTORIC LEWES FARMERS MARKET

PO BOX 185
NASSAU,DE19969 		NONE PC SOCIAL SERVICES 7,000

HOLTON-ARMS

7303 RIVER ROAD
BETHESDA,MD20817 		NONE PC EDUCATION 15,000

JAMES BEARD FOUNDATION

167 WEST 12THE STREET
NEW YORK,NY10011 		NONE PC EDUCATION 35,000

JAMES R KYGER JR FOUNDATION

38106 E CHESTER LN
OCEAN VIEW,DE19970 		NONE PC SOCIAL SERVICES 3,000

JEWISH FEDERATION OF GREATER WASHINGTON (BENDER JCC)

6101 EXECUTIVE BLVD 100
NORTH BETHESDA,MD20852 		NONE PC SOCIAL SERVICES 50,000

JUNETEENTH SCOTLAND FOUNDATION INC

12505 PARK POTOMAC AVENUE 6TH FLOOR
POTOMAC,MD20854 		NONE PC SOCIAL SERVICES 10,000

INTERFAITH WORKS INC

981 ROLLINS AVE 2ND FLOOR
ROCKVILLE,MD20852 		NONE PC SOCIAL SERVICES 2,500

JUVENILE DIABETES FOUNDATION

225 CITY AVE
ADEMORE,PA19003 		NONE PC HEALTH 5,000

LA ESPERANZA

216 N RACE STREET
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 300

LEVINE SCHOOL OF MUSIC

2801 UPTON ST NW
WASHINGTON,DC20008 		NONE PC ARTS 10,000

LIVING CLASSROOM FOUNDATION

1417 THAMES STREET
BALTIMORE,MD21231 		NONE PC EDUCATION 7,500

JOSHUA M FREEMAN FOUNDATION

31255 AMERICANA PARKWAY
SELBYVILLE,DE19975 		NONE PC ARTS - JMFF 5,000

LOWER SUSSEX LITTLE LEAGUE INC

34476 PYLE CENTER ROAD
FRANKFORD,DE19945 		NONE PC SOCIAL SERVICES 1,500

KENNEDY CENTER (THE)

2700 F ST NW
WASHINGTON,DC20566 		NONE PC ARTS 99,000

LANDON SCHOOL

6101 WILSON LANE
BETHESDA,MD20817 		NONE PC EDUCATION 502,500

MARCH ON WASHINGTON

170 W 130 TH ST
NEW YORK,NY10027 		NONE PC SOCIAL SERVICES 10,000

LEADERSHIP DELAWARE INC

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

MERCY HEALTH CLINIC

7 METROPOLITAN CT 1
GAITHERSBURG,MN20878 		NONE PC SOCIAL SERVICES 7,500

LEVELING THE PLAYING FIELD INC

404 ELMWOOD AVE
SHARON HILL,PA19079 		NONE PC SOCIAL SERVICES 10,000

LEWIS FIRE DEPARTMENT

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

LIFE WITH CANCER

8411 PENNELL STREET
FAIRFAX,VA22031 		NONE PC HEALTH 10,000

MONTGOMERY CO BEEF 4-H CLUB

14680 GOOD HOPE ROAD
SILVER SPRING,MD20905 		NONE PC SOCIAL SERVICES 17,525

MULTIPLE MYELOMA RESEARCH FOUNDATION

383 MAIN AVENUE 5TH FLOOR
NORWALK,CT06851 		NONE PC SOCIAL SERVICES 1,000

NEW CREATION VA

3051 S MAIN STREET
HARRISONBURG,VA22801 		NONE PC SOCIAL SERVICES 1,000

LYME DISEASE ASSOCIATION OF DELMARVA

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

NICKLAUS CHILDREN'S HOSPITAL

3100 SW 62ND AVE
MIAMI,FL33155 		NONE PC HEALTH 5,000

NOURISH NOW

397 E GUDE DR
ROCKVILLE,MD20850 		NONE PC SOCIAL SERVICES 10,000

PHILLIP C SHOWELL ELEMENTARY SCHOOL

41 BETHANY RD
SHELBIVILLE,DE19975 		NONE PC EDUCATION 3,000

MID-ATLANTIC SYMPHONY ORCHESTRA

PO BOX 3381
EASTON,MD21601 		NONE PC ARTS 10,000

MIDDLEBURG FILM FESTIVAL

PO BOX 1566
MIDDLEBURG,VA20118 		NONE PC ARTS 15,000

PHILLIPS COLLECTION

1600 21ST ST NW
WASHINGTON,DC20009 		NONE PC EDUCATION 7,000

PINE TONES CHORUS ASSOCIATION

3 EBB TIDE COURT
OCEAN PINES,MD21811 		NONE PC ARTS 500

REHOBOTH ART LEAGUE

12 DODDS LN
REHOBOTH BEACH,DE19971 		NONE PC ARTS 8,500

REHOBOTH BEACH FILM SOCIETY

17701 DARTMOUTH DR
LEWES,DE19958 		NONE PC ARTS 1,000

RIVER SOCCER CLUB

32221 GUM RD
FRANKFORD,DE19945 		NONE PC SOCIAL SERVICES 5,000

ROARING SPRING ARCH

209 S WALNUT ST
MARTINSBURG,PA16662 		NONE PC SOCIAL SERVICES 1,000

ROSA HEALTH CENTER

10 N FRONT ST
GEORGETOWN,DE19947 		NONE PC HEALTH 10,000

MONTGOMERY COLLEGE FOUNDATION

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

MONTGOMERY COUNTY SHEEP & SWINE 4-H CLUB

18140 MUNCASTER RD
DERWOOD,MD20855 		NONE PC SOCIAL SERVICES 8,841

MOTHER SETON ACADEMY

2215 GREENMOUNT AVENUE
BALTIMORE,MD21218 		NONE PC EDUCATION 2,000

NANTICOKE INDIAN ASSOCIATION

27073 JOHN J WILLIAMS HIGHWAY
MILLSBORO,DE19966 		NONE PC SOCIAL SERVICES 3,000

SAINT JUDE SHRINE

512 W SARATOGA ST
BALTIMORE,MD21201 		NONE PC SOCIAL SERVICES 1,000

SELBYVILLE FIRE COMPANY

30 N MAIN ST
SELBYVILLE,DE19975 		NONE PC SOCIAL SERVICES 1,000

NEW HOPE REC AND DEVELOPMENT CENTER INC

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

NEXT GENERATION SOUTHERN DELAWARE

PO BOX 1636
WILMINGTON,DE19899 		NONE PC SOCIAL SERVICES 1,000

SOME

1301 PICCARD DR
ROCKVILLE,MD20850 		NONE PC SOCIAL SERVICES 6,987

SOUTHERN DELAWARE ORCHESTRA

22667 E CYPRESS WAY
MILTON,DE19968 		NONE PC ARTS 5,000

NORTH GEORGETOWN ELEMENTARY SCHOOL

664 NORTH BEDFORD ST
GEORGETOWN,DE19947 		NONE PC EDUCATION 10,000

OCEAN VIEW HISTORICAL SOCIETY

PO BOX 576
OCEAN VIEW,DE19970 		NONE PC SOCIAL SERVICES 4,000

SOUTHERN POVERTY LAW CENTER

400 WASHINTON AVE
MONTGOMERY,AL36104 		NONE PC SOCIAL SERVICES 1,000

ONE TO ONE OVARIAN CANCER CENTER SUPPORT GROUP

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

SOUTHERN SUCCEX ROTARY CLUB

38218 DUPONT BLVD
SHELBYVILLE,DE19975 		NONE PC SOCIAL SERVICES 500

STEPHEN SILLER TUNNEL TO TOWERS FDN

2361 HYLAN BOULEVARD
STATEN ISLAND,NY10306 		NONE PC SOCIAL SERVICES 7,500

SUSSEX EXONOMIC DEVELOP ACT COMMITTEE

827 E MARKET ST
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 10,000

TRUST FOR THE NATIONAL MALL (THE)

1730 PENNSYLVANIA AVENUE NW
WASHINGTON,DC20006 		NONE PC ARTS 25,000

PRIMEROS PASOS INC

20648 SAVANNAH RD
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 1,500

VILLAGE IMPROVEMENT ASSOCIATION

415 N BOARDWALK
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 1,000

QUIET RESORTS CHARITABLE FOUNDATION

PO BOX 354
BETHANY BEACH,DE19930 		NONE PC SOCIAL SERVICES 4,000

READ ALOUD DELAWARE

100 WEST 10TH STREET SUITE 309
WILMINGTON,DE19801 		NONE PC SOCIAL SERVICES 3,500

REHOBOTH CONCERT BAND

3 STAFFORD ROAD
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 1,000

WASHINGTON BALLET (THE)

3515 WISCONSIN AVE NW
WASHINGTON,DC20016 		NONE PC ARTS 15,000

ROXANA FIRE COMPANY

35943 ZION CHURCH ROAD
FRANKFORD,DE19945 		NONE PC SOCIAL SERVICES 16,000

SAINT VINCENT DE PAUL SOCIETY

66 PROGRESS PARKWAY
MARYLAND HEIGHTS,MO63043 		NONE PC SOCIAL SERVICES 10,000

SALVATION ARMY

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

WILDERNESS LEADERSHIP AND LEARNING INC

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

SANTA'S LETTERS

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

SELBYVILLE PUBLIC LIBRARY

11 MAIN MCCABE STREETS
SELBYVILLE,DE19975 		NONE PC EDUCATION 3,000

WINCHESTER THURSTON SCHOOL

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

SENIOR SOFTBALL WORLD SERIES

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

SHEPHERD'S OFFICE INC

408 N BEDFORD STREET
GEORGETOWN,DE19947 		NONE PC SOCIAL SERVICES 8,000

ZOE MINISTRIES INC

310 RIVERSIDE DR 103
NEW YORK,NY10025 		NONE PC SOCIAL SERVICES 10,000

SMITHSONIAN INSTITUTION

PO BOX 37012 SI BUILDING ROOM 453
MRC 010
WASHINGTON,DC20013 		NONE PC ARTS 12,500

SPANISH SPEAKING COMMUNITY

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

STRATHMORE HALL FOUNDATION INC

5301 TUCKERMAN LANE
NORTH BETHESDA,MD20852 		NONE PC ARTS 10,000

SUSSEX LAND FOUNDATION

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

THE VIVA SCHOOL

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

US G FOUNDATION

270 WASHINGTON STREET SW
ATLANTA,GA30334 		NONE PC EDUCATION 20,000

WESTSIDE NEW BEGINNINGS

19801 NORWOOD ST
REHOBOTH BEACH,DE19971 		NONE PC SOCIAL SERVICES 5,000

WRESTLING TO BEAT THE STREETS DC

1717 N STREET NW STE 1
WASHINGTON,DC20036 		NONE PC SOCIAL SERVICES 20,000
Total .................................right arrow 3a 5,499,016
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 ........... 		    14 296,970  
4 Dividends and interest from securities ....     14 1,224,411  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     14 1,581,639  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 390,311  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    01 331,256  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,824,587 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,824,587
(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:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 26,800 0 0 26,800

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 9,468,868 9,468,868

TY 2023 InvestmentsCorpStockSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 47,846,175 47,846,175

TY 2023 InvestmentsGovtObligationsSch
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
US Government Securities - End of Year Book Value:

7,325,152
US Government Securities - End of Year Fair Market Value:

7,325,152
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:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENTS - OTHER FMV 11,465,503 11,465,503

TY 2023 LegalFeesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 2,174 0 0 2,174


TY 2023 OtherExpensesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 108,168 63,570 0 44,598


TY 2023 OtherIncomeSchedule2
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 331,256   331,256


TY 2023 OtherIncreasesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Description Amount
UNREALIZED GAINS ON INESTMENTS 5,678,668


TY 2023 OtherProfessionalFeesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER 45,665 40,850 0 4,815


TY 2023 TaxesSchedule
Name:
THE CARL M FREEMAN FOUNDATION INC
EIN:
52-6047536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 54,531 54,531 0 0