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 JOSEPH AND FLORENCE MANDEL FAMILY-
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
% BRADLEY S SMITH
Number and street (or P.O. box number if mail is not delivered to street address)1000 LAKESIDE AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CLEVELAND, OH44114
A Employer identification number

32-0570943
B Telephone number (see instructions)

(216) 875-6500
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$110,220,137J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 775,330 775,330 775,330
4 Dividends and interest from securities... 1,464,785 1,464,785 1,464,785
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
5,452,843
b Gross sales price for all assets on line 6a 14,140,402
7 Capital gain net income (from Part IV, line 2)... 5,452,843
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
-193,598 -327,488 -327,488
12 Total. Add lines 1 through 11........ 7,499,360 7,365,470 1,912,627
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest............... 357,546 357,546 357,546  
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
332,084 7,702 7,702  
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
2,016,748 2,016,748 2,138,715  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,706,378 2,381,996 2,503,963 0
25 Contributions, gifts, grants paid....... 8,317,793 6,242,127
26 Total expenses and disbursements. Add lines 24 and 25 11,024,171 2,381,996 2,503,963 6,242,127
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,524,811
b Net investment income (if negative, enter -0-) 4,983,474
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............. 328,412 237,433 237,433
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 158,837,163 Click to see attachment
List of Attached Documents:
// Content
161,575,467 		109,982,704
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) 159,165,575 161,812,900 110,220,137
Liabilities 17 Accounts payable and accrued expenses.......... 0  
18 Grants payable................. 1,229,333 2,075,666
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)......... 1,229,333 2,075,666
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 157,936,242 159,737,234
29 Total net assets or fund balances (see instructions)..... 157,936,242 159,737,234
30 Total liabilities and net assets/fund balances (see instructions). 159,165,575 161,812,900
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
157,936,242
2
Enter amount from Part I, line 27a .....................
2
-3,524,811
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
9,193,864
4
Add lines 1, 2, and 3 ..........................
4
163,605,295
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,868,061
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
159,737,234
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 PIMCO LONG-TERM FUND P   2023-12-31
b PIMCO SHORT-TERM FUND P   2023-12-31
c PIMCO SHORT-TERM FUND P   2023-12-31
d SECTION 1231/1250 CAPITAL GAIN     2023-12-31
e SHORT TERM CAPITAL GAIN FROM PARTNERSHIP     2023-12-31
LONG TERM CAPITAL GAIN FROM PARTNERSHIP     2023-12-31
SECTION 1256 S/T CAPITAL GAIN     2023-12-31
SECTION 1256 L/T CAPITAL GAIN     2023-12-31
(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 326,925   336,862 -6,621
b 2,377,041   2,398,873 -17,682
c 5,515,700   5,503,476 12,226
d 283,468     283,468
e 637,774     637,774
4,799,524     4,799,524
    102,338 -102,338
    153,508 -153,508
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       -9,937
b       -21,832
c       12,224
d       283,468
e       637,774
      4,799,524
      -102,338
      -153,508
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 5,452,843
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 69,270
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  
3 Add lines 1 and 2........................... 3 69,270
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 69,270
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 150,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 150,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 80,730
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow80,730 Refundedright arrow 11  
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? Click to see attachment
List of Attached Documents:
// Content
....................
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 changesClick to see attachment
List of Attached Documents:
// Content
....
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.Click to see attachment
List of Attached Documents:
// Content
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 arrowOH
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowBRADLEY S SMITH Telephone no.right arrow (216) 875-6500

Located atright arrow1000 LAKESIDE AVE ECLEVELANDOH ZIP+4right arrow44114
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)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
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 arrow2019, 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
MICHELE M BEYER TRUSTEE
0 		0 0 0
1000 LAKESIDE AVENUE
CLEVELAND,OH44114
ROBERT C BEYER TRUSTEE
0 		0 0 0
1000 LAKESIDE AVENUE
CLEVELAND,OH44114
ANTHONY M BEYER TRUSTEE
0 		0 0 0
1000 LAKESIDE AVENUE
CLEVELAND,OH44114
TIMOTHY C BEYER TRUSTEE
0 		0 0 0
1000 LAKESIDE AVENUE
CLEVELAND,OH44114
MARK MADEJA ASSISTANT SECRETARY
0 		0 0 0
1000 LAKESIDE AVENUE
CLEVELAND,OH44114
LAVONDA D NAPKA SECRETARY
0 		0 0 0
1000 LAKESIDE AVENUE
CLEVELAND,OH44114
BRADLEY S SMITH PRESIDENT
0 		0 0 0
1000 LAKESIDE AVENUE
CLEVELAND,OH44114
BRADLEY S SMITH TREASURER
0 		0 0 0
1000 LAKESIDE AVENUE
CLEVELAND,OH44114
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
 
Total number of other employees paid over $50,000...................right arrow  
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
PARKWOOD TRUST COMPANY INVESTMENT ADVISORY 612,221
C/O PARKWOOD LLC 1000 LAKESIDE AVE
CLEVELAND,OH441141117
Total number of others receiving over $50,000 for professional services.............right arrow  
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 NONE  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
0
b
Average of monthly cash balances.......................
1b
4,641,919
c
Fair market value of all other assets (see instructions)................
1c
97,421,955
d
Total (add lines 1a, b, and c).........................
1d
102,063,874
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
59,398,630
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
102,063,874
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,530,958
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
100,532,916
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,026,646
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
5,026,646
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
69,270
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
69,270
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,957,376
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
4,957,376
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,957,376
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
6,242,127
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,242,127
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 4,957,376
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 6,044,095
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,242,127
a Applied to 2022, but not more than line 2a 6,044,095
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 198,032
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
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 ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		4,759,344
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 0
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).)
NONE
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.
NONE
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:
BRADLEY S SMITH PRESIDENT
1000 LAKESIDE AVE E
CLEVELAND,OH44114
(216) 875-6500
bThe form in which applications should be submitted and information and materials they should include:
NO FORMAL APPLICATION FORM IS USED. THE FOLLOWING INFORMATION SHOULD ACCOMPANY ANY REQUEST: 1) DESCRIPTION OF PROJECT AND JUSTIFICATION FOR GRANT. 2) AMOUNT OF GRANT REQUESTED AND TERM OF GRANT. 3) PERTINENT FINANCIAL INFORMATION. 4) IRS EXEMPTION STATUS INCLUDING COPY OF EXEMPTION LETTER.
cAny submission deadlines:
SEE RESPONSE ON LINE 2B ABOVE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE RESPONSE ON LINE 2B ABOVE
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

Alzheimer's Drug Discovery Foundation

57 West 57th Street Suite 904
New York,NY10019 		PUBLIC CHARITY PAID GENERAL 10,000

American Friends of the Hebrew University

199 Water Street 11th Floor
New York,NY10038 		PUBLIC CHARITY PAID GENERAL 1,000

American Friends of the Israel Museum

199 Water Street 11th Floo
New York,NY10038 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 25,000

American Friends of the Israel Museum

199 Water Street 11th Floo
New York,NY10038 		PUBLIC CHARITY PAID GENERAL 10,000

Association for Community Living Agencies in Menta

28 Corporate Drive Suite 102
Clifton Park,NY12065 		PUBLIC CHARITY PAID GENERAL 10,000

Baptist Health South Florida Foundation Inc

1575 San Ignacio Avenue Suite 406
Coral Gables,FL33146 		PUBLIC CHARITY PAID GENERAL 50,000

Birthright Israel Foundation

711 3rd Avenue 10th Floor
New York,NY10017 		PUBLIC CHARITY PAID GENERAL 10,000

Breast Cancer Research Foundation

25 West 43rd Street Suite 609
New York,NY10036 		PUBLIC CHARITY PAID GENERAL 10,000

Brigham & Women's Hospital

116 Huntington Avenue
Boston,MA02116 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 1,000

Celebrity Adventures Inc

11201 N Tatum Blvd Suite 300
Phoenix,AZ85028 		PUBLIC CHARITY PAID GENERAL 32,250

Cleveland Ballet

23020 Miles Road
Cleveland,OH44128 		PUBLIC CHARITY PAID GENERAL 1,000

Cleveland Chabad Chai Center Inc

27900 Gates Mills Boulevard
Pepper Pike,OH44122 		PUBLIC CHARITY PAID GENERAL 25,000

Cleveland State University Foundation

2121 Euclid Avenue
UN 501
Cleveland,OH441152214 		PUBLIC CHARITY PAID GENERAL 15,000

Cleveland State University Foundation

2121 Euclid Avenue
UN 501
Cleveland,OH441152214 		PUBLIC CHARITY PAID GENERAL 25,000

Cleveland Uncommon Sound Project

15028 Pearl Road
Strongsville,OH44136 		PUBLIC CHARITY PAID GENERAL 5,000

Cleveland Uncommon Sound Project

15028 Pearl Road
Strongsville,OH44136 		PUBLIC CHARITY PAID GENERAL 5,000

Clevelandclassical Com

11720 Edgewater Drive Suite 107
Lakewood,OH44107 		PUBLIC CHARITY PAID GENERAL 5,000

Columbia University

PO Box 1385
New York,NY100081385 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 20,000

Delaware Valley Arts Alliance

37 Main Street
Narrowsburg,NY12764 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 10,000

Friends of the Israel Defense Forces

60 East 42nd Street
New York,NY101650006 		PUBLIC CHARITY PAID GENERAL 500

Friends of the Uffizi Gallery

205 Worth Avenue Suite 201
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 1,000

Friends of United Hatzalah

442 5th Ave 1866
New York,NY10018 		PUBLIC CHARITY PAID GENERAL 20,000

Friends of United Hatzalah

442 5th Ave 1866
New York,NY10018 		PUBLIC CHARITY PAID GENERAL 500,000

Friends of United Hatzalah

442 5th Ave 1866
New York,NY10018 		PUBLIC CHARITY PAID GENERAL 82,000

Friendship Circle of Cleveland

27900 Gates Mills Blvd
Pepper Pike,OH44124 		PUBLIC CHARITY PAID GENERAL 50,000

Friendship Circle of Cleveland

27900 Gates Mills Blvd
Pepper Pike,OH44124 		PUBLIC CHARITY PAID GENERAL 35,000

Hebrew Academy of Cleveland

27900 Gates Mills Blvd
Pepper Pike,OH44124 		PUBLIC CHARITY PAID GENERAL 100,000

Hebrew Academy of Cleveland

27900 Gates Mills Blvd
Pepper Pike,OH44124 		PUBLIC CHARITY PAID GENERAL 100,000

Heights Arts Collaborative

2175 Lee Road
Cleveland Heights,OH44118 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 810

Heights Arts Collaborative

2175 Lee Road
Cleveland Heights,OH44118 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 16,755

Heights Arts Collaborative

2175 Lee Road
Cleveland Heights,OH44118 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 19,121

Heights Arts Collaborative

2175 Lee Road
Cleveland Heights,OH44118 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 22,000

Institute of Contemporary Art Miami

61 NE 41st Street
Miami,FL33137 		PUBLIC CHARITY PAID GENERAL 2,000

Institute of Contemporary Art Miami

62 NE 41st Street
Miami,FL33138 		PUBLIC CHARITY PAID GENERAL 25,000

Institute of Contemporary Art Miami

63 NE 41st Street
Miami,FL33139 		PUBLIC CHARITY PAID GENERAL 2,000

Institute of Contemporary Art Miami

64 NE 41st Street
Miami,FL33140 		PUBLIC CHARITY PAID GENERAL 250,000

Institute of Contemporary Art Miami

65 NE 41st Street
Miami,FL33141 		PUBLIC CHARITY PAID GENERAL 1,500

Institute of Contemporary Art Miami

66 NE 41st Street
Miami,FL33142 		PUBLIC CHARITY PAID GENERAL 52,000

Jewish Federation of Cleveland

25701 Science Park Drive
Cleveland,OH44122 		PUBLIC CHARITY PAID GENERAL 10,000

Jewish Federation of Palm Beach County

1 Harvard Circle Suite 100
West Palm Beach,FL33409 		PUBLIC CHARITY PAID GENERAL 25,000

Jewish Federation of Palm Beach County

2 Harvard Circle Suite 100
West Palm Beach,FL33410 		PUBLIC CHARITY PAID GENERAL 100,000

Jewish Federation of Palm Beach County

3 Harvard Circle Suite 100
West Palm Beach,FL33411 		PUBLIC CHARITY PAID GENERAL 10,000

Jewish Federation of Palm Beach County

4 Harvard Circle Suite 100
West Palm Beach,FL33412 		PUBLIC CHARITY PAID GENERAL 100,000

Joseph and Florence Mandel Jewish Day School

26500 Shaker Boulevard
Beachwood,OH44122 		PUBLIC CHARITY PAID GENERAL 10,000

Judd Foundation

101 Spring Street
New York,NY10012 		PUBLIC CHARITY PAID GENERAL 50,000

Kingsbridge Heights Community Center

3101 Kingsbridge Terrace
Bronx,NY10463 		PUBLIC CHARITY PAID GENERAL 10,000

Manchester Music Festival Inc

42 Dillingham Ave PO Box 33
Manchester,VT05254 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 20,000

MorseLife Foundation

4847 David S Mack Drive
West Palm Beach,FL33417 		PUBLIC CHARITY PAID GENERAL 10,000

Museum of Jewish Heritage

36 Battery Place
New York,NY10280 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 500

Museum of Modern Art

11 West 53rd Street
New York,NY10019 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 10,000

Music Settlement

11125 Magnolia Drive
Cleveland,OH44106 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 2,000

Music Settlement

11125 Magnolia Drive
Cleveland,OH44106 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 3,000

National Gallery of Art

2000 South Club Drive
Landover,DC20785 		PUBLIC CHARITY PAID GENERAL 50,000

New Wave Artist Residency Inc

340 Royal Poinciana M334
Palm Beach,FL33480 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 5,000

No Exit New Music Association

1737 Andrews Road
Cleveland Heights,OH44118 		PUBLIC CHARITY PAID GENERAL 35,000

Norton Museum of Art

1450 S Dixie Highway
West Palm Beach,FL33401 		PUBLIC CHARITY PAID GENERAL 1,500

Ohio State University Foundation

PO Box 710811
Columbus,OH432710811 		PUBLIC CHARITY PAID GENERAL 500

Palm Beach Country Club Foundation

760 N Ocean Boulevard
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 2,000

Palm Beach County Sheriff's Foundation

3228 Gun Club Road
West Palm Beach,FL33406 		PUBLIC CHARITY PAID GENERAL 10,000

Palm Beach Orthodox Synagogue Inc

120 North County Road
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 40,000

Pine Crest Preparatory School

1501 NE 62nd Street
Fort Lauderdale,FL33334 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 153,667

Preservation Foundation of Palm Beach

311 Peruvian Ave
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 25,000

Preservation Foundation of Palm Beach

311 Peruvian Ave
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 1,000

Society of the Four Arts

100 Four Arts Plaza
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 5,000

Society of the Four Arts

100 Four Arts Plaza
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 5,000

Society of the Four Arts

100 Four Arts Plaza
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 25,000

Society of the Four Arts

100 Four Arts Plaza
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 25,000

South Florida PBS

3401 S Congress Avenue
Boynton Beach,FL33426 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 50,000

SPACES

2900 Detroit Avenue First Floor
Cleveland,OH44113 		PUBLIC CHARITY PAID GENERAL 12,000

SPACES

2900 Detroit Avenue First Floor
Cleveland,OH44113 		PUBLIC CHARITY PAID GENERAL 20,000

Supportive Housing Network of New Y York

247 West 37 Street 18th Floor
New York,NY10018 		PUBLIC CHARITY PAID GENERAL 15,500

Supportive Housing Network of New Y York

247 West 37 Street 18th Floor
New York,NY10018 		PUBLIC CHARITY PAID GENERAL 8,500

Temple Tifereth Israel

26000 Shaker Boulevard
Beachwood,OH44122 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 1,500

Town of Palm Beach United Way

44 Cocoanut Row - M-201
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 10,000

Town of Palm Beach United Way

44 Cocoanut Row - M-201
Palm Beach,FL33480 		PUBLIC CHARITY PAID GENERAL 35,000

Tri County Animal Rescue

21287 Boca Rio Road
Boca Raton,FL33433 		PUBLIC CHARITY PAID GENERAL 1,000

University of Miami

PO Box 016960 M-867
Miami,FL33101 		PUBLIC CHARITY PAID ENDOWMENT FUNDING 250,000

Washington Institute for Near East Policy

1111 19th Street NW STE 500
Washington,DC20036 		PUBLIC CHARITY PAID GENERAL 25,000

Waterloo Arts

15605 Waterloo Rd
Cleveland,OH44110 		PUBLIC CHARITY PAID GENERAL 5,000

Zecher Avrohom Inc

1715-51st Street
Brooklyn,NY11204 		PUBLIC CHARITY PAID GENERAL 25,000

Zeitgeist

275 East Fourth Street Suite 200
Saint Paul,MN55101 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 32,000

Zeitgeist

275 East Fourth Street Suite 200
Saint Paul,MN55101 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 45,884

Zeitgeist

275 East Fourth Street Suite 200
Saint Paul,MN55101 		PUBLIC CHARITY PAID PROJECT DESIGNATED SUPPORT 10,000

BEYER FAMILY FUND

25701 SCIENCE PARK DRIVE
CLEVELAND,OH44122 		    GENERAL 3,400,000

CHESTER CAPITAL

1000 LAKESIDE AVE E
CLEVELAND,OH44114 		    GENERAL 80

FIO PE LLC

1000 LAKESIDE AVE E
CLEVELAND,OH44114 		    GENERAL 296

FIO RE LLC

1000 LAKESIDE AVE E
CLEVELAND,OH44114 		    GENERAL 40

FOUNDATION INVESTMENTS OF OHIO LLC

1000 LAKESIDE AVE E
CLEVELAND,OH44114 		    GENERAL 1,025

LAKESIDE PARTNERS LLC

1000 LAKESIDE AVE E
CLEVELAND,OH44114 		    GENERAL 185

SIMON CHARITABLE PRIVATE

1000 LAKESIDE AVE E
CLEVELAND,OH44114 		    GENERAL 14
Total .................................right arrow 3a 6,242,127
bApproved for future payment

INSTITUTE OF CONTEMPORARY ART - MIAMI
61 NE 41ST STREET
MIAMI,FL33137 		    GENERAL OPERATING SUPPORT 250,000

INSTITUTE OF CONTEMPORARY ART - MIAMI
61 NE 41ST STREET
MIAMI,FL33137 		    GENERAL OPERATING SUPPORT 250,000

INSTITUTE OF CONTEMPORARY ART - MIAMI
61 NE 41ST STREET
MIAMI,FL33137 		    GENERAL OPERATING SUPPORT 250,000

INSTITUTE OF CONTEMPORARY ART - MIAMI
61 NE 41ST STREET
MIAMI,FL33137 		    GENERAL OPERATING SUPPORT 250,000

PINE CREST PREPARATORY SCHOOL
1501 NE 62ND STREET
FORT LAUDERDALE,FL33334 		    PROJECT SUPPORT 153,664

PINE CREST PREPARATORY SCHOOL
1501 NE 62ND STREET
FORT LAUDERDALE,FL33334 		    PROJECT SUPPORT 153,667

PINE CREST PREPARATORY SCHOOL
1501 NE 62ND STREET
FORT LAUDERDALE,FL33334 		    PROJECT SUPPORT 153,667

PINE CREST PREPARATORY SCHOOL
1501 NE 62ND STREET
FORT LAUDERDALE,FL33334 		    PROJECT SUPPORT 153,667

PINE CREST PREPARATORY SCHOOL
1501 NE 62ND STREET
FORT LAUDERDALE,FL33334 		    PROJECT SUPPORT 153,667

PINE CREST PREPARATORY SCHOOL
1501 NE 62ND STREET
FORT LAUDERDALE,FL33334 		    PROJECT SUPPORT 153,667

PINE CREST PREPARATORY SCHOOL
1501 NE 62ND STREET
FORT LAUDERDALE,FL33334 		    PROJECT SUPPORT 153,667
Total ................................. right arrow 3b 2,075,666
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 ........... 		    14 775,330  
4 Dividends and interest from securities ....     14 1,464,785  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 68,208  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 5,452,843  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME(LOSS) FROM PARTNERSHIPS 		    14 -261,806  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   7,499,360  
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,499,360
(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 AllOthProgRltdInvestmentsSch
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Category Amount
NONE  

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

TY 2023 DepreciationSchedule
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
VANGUARD LONG-TERM FUND   P 2023-12   199,970 213,725        

TY 2023 InvestmentsOtherSchedule2
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PARTNERSHIP INTERESTS      
CHESTER CAPITAL   6,772,798 6,772,798
EUCLID PARTNERS   82,953 82,953
FOUNDATION INVESTMENTS OF OHIO   69,156,336 38,830,824
FIO-PE   19,951,559 11,229,666
FIO-RE   3,027,026 1,529,790
LAKESIDE PARTNERS I   1,903,982 1,903,982
PIMCO SHORT TERM   529,668 529,668
SIMON CHARITABLE PRIVATE   57,525,248 46,477,126
VANGUARD STIG   2,625,897 2,625,897

TY 2023 OtherDecreasesSchedule
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Description Amount
NON DEDUCTIBLE EXPENSES 8,201
BOOK TAX DIFFERENCES 3,859,860


TY 2023 OtherExpensesSchedule
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PARTNERSHIP PORTFOLIO DEDUCTIO 540,361 540,361 540,361  
TRUSTEE FEES 612,221 612,221 612,221  
OTHER PARTNERSHIP EXPENSE 142,700 142,700 142,700  
MISC EXPENSE 721,466 721,466 721,466  


TY 2023 OtherIncomeSchedule2
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ORDINARY INCOME (LOSS) FROM PARTNERSHIPS 42,188 42,188 42,188
OTHER INCOME FROM PARTNERSHIPS 46,206 46,206 46,206
OTHER PORTFOLIO INCOME FROM PARTNERSHIPS 68,208 68,208 68,208
RENTAL INCOME (LOSS) FROM PARTNERSHIPS -418,414 -418,414 -418,414
ROYALTY INCOME FROM PARTNERSHIPS 17,724 17,724 17,724
STATE TAX REFUNDS 17,332    
GUARANTEED PAYMENTS 3,462 3,462 3,462
COD/INVOL CONVERSION 29,696 29,696 29,696
ADJUST FOR UBTI- NOT TAXABLE   -116,558 -116,558


TY 2023 OtherIncreasesSchedule
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Description Amount
TAX-EXEMPT INCOME -119,985
UNREALIZED GAIN LOSS 9,313,849


TY 2023 ReductionExplanationStatement
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Explanation:
AVG FMV FOUNDATION INVESTMENTS OF OHIO 71,122,036 DISCOUNTED VALUE - FOUNDATION INVESTMENTS OF OHIO -39,974,717 AVG FMV OF SIMON CHARITABLE PRIVATE LLC 57,150,015 DISCOUNTED VALUE - SIMON CHARITABLE PRIVATE LLC -37,817,306 AVG FMV OF FIO P.E. LLC 17,222,496 DISCOUNTED VALUE - FIO P.E. LLC -9,588,414 AVG FMV OF FIO R.E. LLC 2,570,844 DISCOUNTED VALUE - FIO R.E. LLC -1,286,324 FIO, SCP, FIO P.E. AND FIO R.E. DISCOUNTED FOR ILLIQUIDITY, RESTRICTIONS AND A LACK OF MARKETABILITY BASED ON VALUATIONS.

TY 2023 TaxesSchedule
Name:
THE JOSEPH AND FLORENCE MANDEL FAMILY-
 
MICHELE M AND LAWRENCE R BEYER FAMILY FUND
EIN:
32-0570943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES THRU PARTNERSHIP 7,702 7,702 7,702  
FEDERAL & STATE UBTI TAXES 324,382