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 SANDY HILL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7 GIRALDA FARMS SUITE 330
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON, NJ07940
A Employer identification number

22-2668774
B Telephone number (see instructions)

(973) 290-2333
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$16,809,231J 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 27,290 108,463  
4 Dividends and interest from securities... 126,262 258,905  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -115,875
b Gross sales price for all assets on line 6a 2,997,192
7 Capital gain net income (from Part IV, line 2)... 232,428
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
46,144 822  
12 Total. Add lines 1 through 11........ 83,821 600,618  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
655 327   328
c Other professional fees (attach schedule)....   36,467    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
41,532 5,471   56
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
329 0   329
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,516 42,265   713
25 Contributions, gifts, grants paid....... 3,445,250 3,445,250
26 Total expenses and disbursements. Add lines 24 and 25 3,487,766 42,265   3,445,963
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,403,945
b Net investment income (if negative, enter -0-) 558,353
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............. 956,654 949,396 949,396
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)....... 8,160,611 Click to see attachment
List of Attached Documents:
// Content
7,138,579 		7,138,579
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow777
Less: accumulated depreciation (attach schedule) right arrow777      
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,137,474 Click to see attachment
List of Attached Documents:
// Content
8,721,256 		8,721,256
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) 17,254,739 16,809,231 16,809,231
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 17,254,739 16,809,231
29 Total net assets or fund balances (see instructions)..... 17,254,739 16,809,231
30 Total liabilities and net assets/fund balances (see instructions). 17,254,739 16,809,231
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
17,254,739
2
Enter amount from Part I, line 27a .....................
2
-3,403,945
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,958,437
4
Add lines 1, 2, and 3 ..........................
4
16,809,231
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
16,809,231
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 BRIDGEWAY BLUE SER TRUST P 2015-06-25 2023-11-16
b BRIDGEWAY BLUE SER TRUST P 2014-12-17 2023-10-17
c BRIDGEWAY BLUE SER TRUST P 2015-06-25 2023-10-17
d BRIDGEWAY BLUE SER TRUST P 2014-12-17 2023-10-17
e FPA CRESCENT FUND INSTL CL P 2011-11-16 2023-12-04
ADOBE INC SHS P 2021-06-11 2023-03-14
ALPHABET INC SHS CL C P 2021-06-11 2023-03-14
AMAZON COM INC COM P 2021-06-11 2023-07-14
AUTO DESK INC DEL PV $0.01 P 2021-06-11 2023-06-15
DOCUSIGN INC P 2022-01-04 2023-09-20
DOCUSIGN INC P 2022-04-04 2023-09-20
DOCUSIGN INC P 2022-04-04 2023-09-20
DOCUSIGN INC P 2022-04-04 2023-09-20
DOCUSIGN INC P 2022-01-04 2023-09-20
DOCUSIGN INC P 2021-12-27 2023-09-20
GARTNER INC P 2021-06-11 2023-06-15
ILLUMINA INC COM P 2021-06-11 2023-11-15
ILLUMINA INC COM P 2022-10-04 2023-11-15
ILLUMINA INC COM P 2021-06-11 2023-11-15
MICROSOFT CORP P 2021-06-11 2023-06-14
NETFLIX COM INC P 2021-06-11 2023-12-06
NETFLIX COM INC P 2022-02-10 2023-12-06
SALESFORCE INC P 2021-06-11 2023-06-15
SPDR SSGA GLOBAL WS P 2021-06-24 2023-10-19
SPDR SSGA GLOBAL P 2021-09-23 2023-10-17
SPDR SSGA GLOBAL P 2023-09-21 2023-10-17
SPDR SSGA GLOBAL P 2023-06-22 2023-10-17
SPDR SSGA GLOBAL P 2023-03-23 2023-10-17
SPDR SSGA GLOBAL P 2022-12-22 2023-10-17
SPDR SSGA GLOBAL P 2022-12-22 2023-10-17
SPDR SSGA GLOBAL P 2022-09-22 2023-10-17
SPDR SSGA GLOBAL P 2022-06-23 2023-10-17
SPDR SSGA GLOBAL P 2022-03-24 2023-10-17
SPDR SSGA GLOBAL P 2021-12-31 2023-10-17
SPDR SSGA GLOBAL P 2021-12-31 2023-10-17
SPDR SSGA GLOBAL P 2019-02-15 2023-10-17
SPDR SSGA GLOBAL P 2021-06-24 2023-10-17
SPDR SSGA GLOBAL WS P 2021-06-24 2023-10-19
VANGUARD 500EX FUND SHS EFT P 2019-12-20 2023-12-04
VULCAN VALUE PARTNERS P 2021-05-19 2023-10-17
CORONATION P 2014-10-01 2023-11-24
GQG PARTNERS GLOBAL EQ FD P   2023-12-31
GQG PARTNERS GLOBAL EQ FD P   2023-12-31
LINDSELL TRAIN GLOBAL EQ LLC P   2023-12-31
PARAMETRIC DEFENSIVE FUND P   2023-12-31
PARAMETRIC DEFENSIVE FUND P   2023-12-31
PARAMETRIC DEFENSIVE FUND SEC 1256 P   2023-12-31
PARAMETRIC DEFENSIVE FUND SEC 1256 P   2023-12-31
FPA CRESCENT FUND LTCG DIST'N P   2023-06-30
FPA CRESCENT FUND LTCG DIST'N P   2023-12-07
FPA CRESCENT FUND LTCG DIST'N P   2023-12-20
SPDR SSGA GLOBAL-WASH SALE ADJUSTMENT P   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 2   2 0
b 33,005   38,341 -5,336
c 403,578   499,991 -96,413
d 10   9 1
e 500,000   360,252 139,748
11,262   18,266 -7,004
12,972   17,414 -4,442
17,215   21,374 -4,159
8,095   10,553 -2,458
1,762   5,994 -4,232
1,102   2,778 -1,676
704   1,778 -1,074
1,805   4,550 -2,745
1,189   4,046 -2,857
1,938   6,872 -4,934
5,319   3,497 1,822
1,117   4,946 -3,829
5,671   11,501 -5,830
4,355   19,335 -14,980
10,813   8,217 2,596
23,563   25,422 -1,859
2,719   2,422 297
11,516   13,161 -1,645
21   26 -5
2,694   3,266 -572
4,052   4,095 -43
3,991   4,118 -127
1,366   1,356 10
8,599   8,435 164
5,634   5,527 107
9,567   9,209 358
7,913   8,088 -175
1,975   2,274 -299
5,864   7,067 -1,203
16,323   19,670 -3,347
332,581   323,789 8,792
5,214   6,297 -1,083
21   25 -4
500,205   354,948 145,257
750,000   1,070,901 -320,901
250,000   203,255 46,745
    72,706 -72,706
158,193     158,193
52,623     52,623
783     783
187,266     187,266
8,854     8,854
13,281     13,281
9,779     9,779
14,910     14,910
6,771     6,771
9     9
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       0
b       -5,336
c       -96,413
d       1
e       139,748
      -7,004
      -4,442
      -4,159
      -2,458
      -4,232
      -1,676
      -1,074
      -2,745
      -2,857
      -4,934
      1,822
      -3,829
      -5,830
      -14,980
      2,596
      -1,859
      297
      -1,645
      -5
      -572
      -43
      -127
      10
      164
      107
      358
      -175
      -299
      -1,203
      -3,347
      8,792
      -1,083
      -4
      145,257
      -320,901
      46,745
      -72,706
      158,193
      52,623
      783
      187,266
      8,854
      13,281
      9,779
      14,910
      6,771
      9
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 2 232,428
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 7,761
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 7,761
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 7,761
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 36,890
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 36,890
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 29,129
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow29,129 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE, NJ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTHE SANDY HILL FOUNDATION Telephone no.right arrow (973) 290-2333

Located atright arrow7 GIRALDA FARMS SUITE 330MADISONNJ ZIP+4right arrow07940
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 arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JOSEPH WALSH PRESIDENT
2.00 		0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
FRANK E WALSH JR CHAIRMAN
10.00 		0 0 0
3392 BARROW ISLAND ROAD
JUPITER,FL33477
JEFFREY R WALSH SECRETARY
5.00 		0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
MARY D WALSH VICE PRESIDENT
0.00 		0 0 0
3392 BARROW ISLAND ROAD
JUPITER,FL33477
MEGHAN WALSH CIOFFI VICE PRESIDENT
0.00 		0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
FRANK E WALSH III VICE PRESIDENT
5.00 		0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
MARIA K SAPOL TREASURER
5.00 		0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
8,564,152
b
Average of monthly cash balances.......................
1b
1,005,770
c
Fair market value of all other assets (see instructions)................
1c
8,429,365
d
Total (add lines 1a, b, and c).........................
1d
17,999,287
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
17,999,287
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
269,989
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,729,298
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
886,465
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
886,465
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
7,761
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,761
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
878,704
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
878,704
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
878,704
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,445,963
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,445,963
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 7 878,704
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...... 2,997,696
b From 2019...... 3,284,099
c From 2020...... 3,297,716
d From 2021...... 3,032,896
e From 2022...... 2,223,578
f Total of lines 3a through e ........ 14,835,985
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,445,963
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..... 878,704
e Remaining amount distributed out of corpus 2,567,259
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 17,403,244
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) ... 		2,997,696
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		14,405,548
10 Analysis of line 9:
a Excess from 2019.... 3,284,099
b Excess from 2020.... 3,297,716
c Excess from 2021.... 3,032,896
d Excess from 2022.... 2,223,578
e Excess from 2023.... 2,567,259
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).)
FRANK E WALSH JR
MARY D WALSH
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.
FRANK E WALSH JR
MARY D WALSH
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

ADORER MISSIONARY SISTERS OF THE POOR INC

1701 INDIAN CREEK PARKWAY
JUPITER,FL33458 		  PC GENERAL FUND 50,000

ALS FOUNDATION

PO BOX 37022
BOONE,IA500370022 		  PC GENERAL FUND 5,000

AMERICAN CANCER SOCIETY

PO BOX 2306
HAZLETON,PA18201 		  PC GENERAL FUND 5,000

AMERICARES

88 HAMILTON AVENUE
STAMFORD,CT06902 		  PC GENERAL FUND 25,000

ARC OF PALM BEACH COUNTY

1201 AUSTRAILIAN AVENUE
RIVIERA BEACH,FL334046635 		  PC GENERAL FUND 10,000

ARC OF THE GLADES

4250 NW 16TH STREET
BELLE GLADE,FL33430 		  PC GENERAL FUND 10,000

ARCHDIOCESE OF NEWARK

171 CLIFTON AVENUE PO BOX 9500
NEWARK,NJ071040500 		  PC GENERAL FUND 10,000

BENNY'S BODEGA

166 SPRING STREET
NEWTON,NJ07680 		  PC GENERAL FUND 5,000

BENNY'S BODEGA

166 SPRING STREET
NEWTON,NJ07680 		  PC GENERAL FUND 5,000

BLOSSOM HILL FOUNDATION

PO BOX 143
NEW CANAAN,CT06840 		  PC GENERAL FUND 5,000

BOYS & GIRLS CLUB OF NEWARK

1 AVON AVENUE
NEWARK,NJ07108 		  PC GENERAL FUND 25,000

CALDWELL UNIVERSITY

9 RYERSON AVENUE
CALDWELL,NJ07006 		  PC GENERAL FUND 5,000

CARE

151 ELLIS STREET NE
ATLANTA,GA30303 		  PC GENERAL FUND 5,000

CAROLYN'S MISSION INC

15645 118TH TER N
JUPITER,FL33478 		  PC GENERAL FUND 5,000

CASA

212 WASHINGTON STREET ROOM 912
NEWARK,NJ07102 		  PC GENERAL FUND 5,000

CATHOLIC CHARITIES DIOCESE OF PATERSON

777 VALLEY ROAD
CLIFTON,NJ07013 		  PC GENERAL FUND 350,000

CLEVELAND CLINIC

9500 EUCLID AVENUE/H18
CLEVELAND,OH44195 		  PC GENERAL FUND 50,000

COLUMBIA UNIVERSITY MEDICAL CENTER

635 WEST 165TH STREET
NEW YORK,NY10032 		  PC GENERAL FUND 20,000

COMMUNITY FOUNDATION

3 KNOX HILL ROAD
MORRISTOWN,NJ07963 		  PC GENERAL FUND 350,000

COVENANT HOUSE NEW JERSEY

330 WASHINGTON STREET
NEWARK,NJ07102 		  PC GENERAL FUND 15,000

COVENANT HOUSE NEW JERSEY

330 WASHINGTON STREET
NEWARK,NJ07102 		  PC GENERAL FUND 10,000

CROHN'S & COLITIS FOUNDATION OF AMERICA

733 3RD AVENUE SUITE 510
NEW YORK,NY10017 		  PC GENERAL FUND 1,000

DIOCESE OF PALM BEACH

PO BOX 9995 NORTH MILITARY TRAIL
PALM BEACH GARDENS,FL334109650 		  PC GENERAL FUND 5,000

DIOCESE OF PALM BEACH

PO BOX 9995 NORTH MILITARY TRAIL
PALM BEACH GARDENS,FL334109650 		  PC GENERAL FUND 5,000

DIOCESE OF PALM BEACH

PO BOX 9995 NORTH MILITARY TRAIL
PALM BEACH GARDENS,FL334109650 		  PC GENERAL FUND 5,000

DIOCESE OF PALM BEACH

PO BOX 9995 NORTH MILITARY TRAIL
PALM BEACH GARDENS,FL334109650 		  PC GENERAL FUND 5,000

DIOCESE OF PATERSON

777 VALLEY ROAD
CLIFTON,NJ07013 		  PC GENERAL FUND 10,000

DIOCESE OF TRENTON

701 LAWRENCEVILLE ROAD PO BOX 5147
TRENTON,NJ086380147 		  PC GENERAL FUND 5,000

EL SOL

106 MILTARY TRAIL
JUPITER,FL33458 		  PC GENERAL FUND 50,000

EMPLOYMENT HORIZONS INC

10 RIDGEDALE AVENUE
CEDAR KNOLLS,NJ07927 		  PC GENERAL FUND 12,000

EVA'S VILLAGE INC

393 MAIN STREET
PATERSON,NJ07501 		  PC GENERAL FUND 7,500

EVA'S VILLAGE INC

393 MAIN STREET
PATERSON,NJ07501 		  PC GENERAL FUND 40,000

FAIR SHARE HOUSING DEVELOPMENT

ONE ETHEL LAWRENCE BOULEVARD
MOUNT LAUREL,NJ08054 		  PC GENERAL FUND 25,000

FAITH CENTER FOR THE ARTS

PO BOX 713
WHARTON,NJ07885 		  PC GENERAL FUND 5,000

FEEDING SOUTH FLORIDA

SENECA INDUSTRIAL PARK 2501 SW 32ND
TERRACE
PEMBROKE PARK,FL33023 		  PC GENERAL FUND 10,000

FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC

5353 PARKSIDE DRIVE
JUPITER,FL33458 		  PC GENERAL FUND 50,000

FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC

5353 PARKSIDE DRIVE
JUPITER,FL33458 		  PC GENERAL FUND 50,000

FOOD FOR THE POOR INC

6401 LYONS ROAD
COCONUT CREEK,FL33073 		  PC GENERAL FUND 10,000

FORGOTTEN SOLDIERS OUTREACH

3550 23RD AVENUE SOUTH SUITE 7
LAKE WORTH,FL33461 		  PC GENERAL FUND 5,000

FOUNDATION FOR MORRISTOWN MEDICAL CENTER

475 SOUTH STREET
MORRISTOWN,NJ07962 		  PC GENERAL FUND 305,000

FRANCISCAN CHARITIES

355 SOUTH 6TH STREET
NEWARK,NJ07103 		  PC GENERAL FUND 25,000

FREEDOM HOUSE

2004 STATE ROUTE 31 SUITE 9
CLINTON,NJ08809 		  PC GENERAL FUND 10,000

FUNSEPA US

9320 WILSHIRE BLVD STE 210
BEVERLY HILLS,CA90212 		  PC GENERAL FUND 20,000

FUNSEPA US

9320 WILSHIRE BLVD STE 210
BEVERLY HILLS,CA90212 		  PC GENERAL FUND 20,000

GREATER NEWARK FRESH AIR FUND

43 HILL STREET NEWARK DAY CENTER
NEWARK,NJ07102 		  PC GENERAL FUND 1,000

GREATER NEWARK LIFE CAMP

53 MAPLE AVE
MORRISTOWN,NJ07960 		  PC GENERAL FUND 5,000

GUATAMALAN TOMORROW FUND

PO BOX 3636
TEQUESTA,FL33469 		  PC GENERAL FUND 5,000

HABITAT FOR HUMANITY PALM BEACH

6758 NORTH MILITARY TRAIL SUITE 301
WEST PALM BEACH,FL33407 		  PC GENERAL FUND 5,000

HILLSDALE COLLEGE

33 EAST COLLEGE STREET
HILLSDALE,MI49242 		  PC GENERAL FUND 10,000

HOGAR MARIA FOUNDATION INC

PO BOX 3563
TEQUESTA,FL33469 		  PC GENERAL FUND 1,000

HOLIDAY EXPRESS

151 INDUSTRIAL WAY EAST BLDG A
SUITE A4
EATONTOWN,NJ07724 		  PC GENERAL FUND 5,000

IMMACULATA UNIVERSITY

1145 KING ROAD PO BOX 733
IMMACULATA,PA193450733 		  PC GENERAL FUND 330,000

INTERNATIONAL MYELOMA FOUNDATION

440 COLDWATER CANYON AVENUE SUITE
300
STUDIO CITY,CA91604 		  PC GENERAL FUND 5,000

INTERNATIONAL MYELOMA FOUNDATION

440 COLDWATER CANYON AVENUE SUITE
300
STUDIO CITY,CA91604 		  PC GENERAL FUND 5,000

INTEGRITY HOUSE

103 LINCOLN PARK PO BOX 510
NEWARK,NJ07101 		  PC GENERAL FUND 25,000

INTERFAITH HOSPITALITY NETWORK OF OCEAN CITY

407 LEXINGTON AVENUE
TOMS RIVER,NJ08753 		  PC GENERAL FUND 5,000

JL CARES

16823 CAPTAIN KIRLE DRIVE
JUPITER,FL33477 		  PC GENERAL FUND 10,000

JUNIOR ACHIEVEMENT OF PALM BEACH

6903 VISTA PARKWAY NORTH SUITE 10
WEST PALM BEACH,FL334112728 		  PC GENERAL FUND 5,000

JUPITER MEDICAL CENTER FOUNDATION

1210 SOUTH OLD DIXIE HIGHWAY
JUPITER,FL33458 		  PC GENERAL FUND 25,000

KALEIDOSCOPE OF HOPE FOUNDATION

PO BOX 1124
MADISON,NJ07940 		  PC GENERAL FUND 5,000

KRAVIS CENTER FOR PERFORMING ARTS

701 OKEECHOBEE BLVD
WEST PALM BEACH,FL33401 		  PC GENERAL FUND 2,000

LEHIGH UNIVERSITY

306 S NEW STREET SUITE 500
BETHLEHEM,PA180151652 		  PC GENERAL FUND 23,500

LEUKEMIA & LYMPHOMA SOCIETY

3 INTERNATIONAL DRIVE
RYE BROOK,NY10573 		  PC GENERAL FUND 10,000

LHVN

3435 WINCHESTER RD 4TH FL
ALLENTOWN,PA181051883 		  PC GENERAL FUND 5,000

LITTLE SISTERS OF THE POOR

140 SHEPHERD LANE
TOTOWA,NJ07512 		  PC GENERAL FUND 25,000

LIVEGIRL

27 ELM STREET
NEW CANAAN,CT06840 		  PC GENERAL FUND 15,000

MALTZ JUPITER THEATRE

1001 EAST INDIANTOWN ROAD
JUPITER,FL33477 		  PC GENERAL FUND 10,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH

52 VANDERBILT AVENUE
NEW YORK,NY10017 		  PC GENERAL FUND 10,000

MARKET STREET MISSION

9 MARKET STREET
MORRISTOWN,NJ07960 		  PC GENERAL FUND 20,000

MARY'S MEDIA FOUNDATION

PO BOX 8832
JUPITER,FL33468 		  PC GENERAL FUND 1,000

MATTHEW C SELLITTO FOUNDATION

PO BOX 1
NEW VERNON,NJ07976 		  PC GENERAL FUND 1,000

MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH

GRAND CENTRAL STATION PO BOX 4777
NEW YORK,NY10163 		  PC GENERAL FUND 5,000

NATIONAL ABILITY CENTER

1000 ABILITY WAY
PARK CITY,UT84060 		  PC GENERAL FUND 10,000

NATIONAL DOWN SYNDROME SOCIETY

666 BROADWAY
NEW YORK,NY100122317 		  PC GENERAL FUND 10,000

NATIONAL MEDICAL FELLOWSHIPS

347 FIFTH AVENUE SUITE 510
NEW YORK,NY10016 		  PC GENERAL FUND 5,000

NEW COMMUNITY COPORATION

233 WEST MARKET STREET
NEWARK,NJ07103 		  PC GENERAL FUND 5,000

NEW JERSEY PERFORMING ARTS

ONE CENTER STREET
NEWARK,NJ07102 		  PC GENERAL FUND 25,000

NOURISH NEW JERSEY

36 SUSSEX AVENUE
MORRISTOWN,NJ07960 		  PC GENERAL FUND 10,000

OCEAN MEDICAL CENTER FOUNDATION

425 JACK MARTIN BLVD
BRICK,NJ08724 		  PC GENERAL FUND 110,000

OPERATION HOLIDAY

3641 FACULTY BLVD
VIRGINIA BEACH,VA23453 		  PC GENERAL FUND 10,000

OPERATION SMILE INC

3641 FACULTY BLVD
VIRGINIA BEACH,VA23453 		  PC GENERAL FUND 5,000

OPPORTUNITY PROJECT INC

60 EAST WILLOW STREET
MILLBURN,NJ07041 		  PC GENERAL FUND 5,000

ORDER OF MALTA PILGRIMMAGE FND

1011 FIRST AVENUE ROOM 1350
NEW YORK,NY10022 		  PC GENERAL FUND 1,750

OUR LADY OF FLORIDA SPIRITUAL CENTER

1300 US HIGHWAY ONE
NORTH PALM BEACH,FL334083294 		  PC GENERAL FUND 10,000

OVERLOOK HOSPITAL FOUNDATION

46-48 BEAUVOIR AVENUE
SUMMIT,NJ07901 		  PC GENERAL FUND 225,000

PALM BEACH DRAMA WORKS

201 CLEMATIS STREET
WEST PALM BEACH,FL33401 		  PC GENERAL FUND 20,000

PALM BEACH HARVEST

4601 S FLAGLER DRIVE
WEST PALM BEACH,FL33405 		  PC GENERAL FUND 10,000

PAPER MILL PLAYHOUSE

22 BROOKSIDE DRIVE
MILLBURN,NJ07041 		  PC GENERAL FUND 5,000

POINTS OF LIGHT

600 MEANS STREET NW SUITE 210
ATLANTA,GA30318 		  PC GENERAL FUND 10,000

PORT MONMOUTH FIRST AID SQUAD

PO BOX 113
PORT MONMOUTH,NJ07758 		  PC GENERAL FUND 7,500

PROJECT SELF SUFFICIENCY

127 MILL STREET
NEWTON,NJ07860 		  PC GENERAL FUND 7,500

PROJECT SELF SUFFICIENCY

127 MILL STREET
NEWTON,NJ07860 		  PC GENERAL FUND 7,500

REV CHARLES C CASSIDY PAROCHIAL SCHOOL ENDOWMENT

294 SPARTA AVENUE
SPARTA,NJ07871 		  PC GENERAL FUND 7,500

REV CHARLES C CASSIDY PAROCHIAL SCHOOL ENDOWMENT

294 SPARTA AVENUE
SPARTA,NJ07871 		  PC GENERAL FUND 7,500

RENEW INTERNATIONAL

1232 GEORGE STREET
PLAINFIELD,NJ070621717 		  PC GENERAL FUND 20,000

ROXBURY ART ALLIANCE INC

P O BOX 327
LEDGEWOOD,NJ07852 		  PC GENERAL FUND 5,000

ROXBURY ART ALLIANCE INC

P O BOX 327
LEDGEWOOD,NJ07852 		  PC GENERAL FUND 5,000

SETON HALL UNIVERSITY

120 NORTHFIELD AVENUE
WEST ORANGE,NJ070524794 		  PC GENERAL FUND 100,000

SETON HALL UNIVERSITY

120 NORTHFIELD AVENUE
WEST ORANGE,NJ070524794 		  PC GENERAL FUND 325,000

SHRINERS CHILDREN'S HOSPITAL

2900 ROCKY POINT DRIVE
TAMPA,FL33607 		  PC GENERAL FUND 5,000

SISTERS ACADEMY OF NEW JERSEY

1106 MAIN STREET
ASBURY PARK,NJ07712 		  PC GENERAL FUND 2,000

SISTERS OF CHARITY OF ST ELIZABETH

PO BOX 476
CONVENT STATION,NJ079610476 		  PC GENERAL FUND 5,000

SPECIAL OLYMPICS OF FLORIDA

1915 DON WICKHAM DRIVE
CLERMONT,FL34711 		  PC GENERAL FUND 5,000

STACHE STRONG

551 CASTLEMAN ROAD
VESTAL,NY13850 		  PC GENERAL FUND 5,000

ST BRIGID CHURCH

PO BOX 33
PEAPACK,NJ07977 		  PC GENERAL FUND 5,000

ST JUDE'S CHILDREN'S RESEARCH HOSPITAL

PO BOX 1893
MEMPHIS,TN381019950 		  PC GENERAL FUND 5,000

ST VINCENT ACADEMY

1701 INDIAN CREEK PARKWAY
JUPITER,FL33458 		  PC GENERAL FUND 5,000

ST VINCENT DE PAUL SOCIETY

1701 INDIAN CREEK PARKWAY
JUPITER,FL33458 		  PC GENERAL FUND 10,000

STAR INC

182 WOLFPIT AVENUE
NORWALK,CT06851 		  PC GENERAL FUND 10,000

STUDENT PARTNER ALLIANCE

561 SPRINGFIELD AVENUE
SUMMIT,NJ07901 		  PC GENERAL FUND 10,000

TAX FOUNDATION

1325 G STREET NW SUITE 950
WASHINGTON,DC20005 		  PC GENERAL FUND 10,000

TEAM WALKER

373 COMMUNIPAW AVENUE
JERSEY CITY,NJ07304 		  PC GENERAL FUND 15,000

THE BANNER LAKE CLUB INC

12212 SE LANTANA AVENUE
HOBE SOUND,FL33455 		  PC GENERAL FUND 5,000

THE BUONICONTI FUND TO CURE PARALYSIS

1095 NW 14TH TERRACE
MIAMI,FL33136 		  PC GENERAL FUND 11,500

THE KENNEDY CENTER

2700 F STREET NW
WASHINGTON,DC20566 		  PC GENERAL FUND 35,000

THE SANDY HOOK FOUNDATION

84 MERCER ROAD
HIGHLANDS,NJ07732 		  PC GENERAL FUND 7,500

TRI-COUNTY SCHOLARSHIP FUND

FOUR CENTURY DRIVE
PARSIPPANY,NJ07054 		  PC GENERAL FUND 25,000

TWIN LIGHT HISTORICAL SOCIETY

2 LIGHT HOUSE ROAD
HIGHLANDS,NJ07732 		  PC GENERAL FUND 5,000

UNITED NEGRO COLLEGE FUND

60 PARK PLACE SUITE 406
NEWARK,NJ07102 		  PC GENERAL FUND 5,000

UNITED WAY OF PALM BEACH COUNTY

2600 QUATUM BLVD
BOYNTON BEACH,FL33426 		  PC GENERAL FUND 25,000

UNIVERSITY OF VERMONT FOUNDATION

411 MAIN STREET
BURLINGTON,VT05401 		  PC GENERAL FUND 10,000

US OLYMPIC COMMITTEE

1 OLYMPIC PLAZA
COLORADO SPRINGS,CO80909 		  PC GENERAL FUND 5,000

WOUNDED VETERANS RELIEF FUND

300 PROSPERITY FARMS ROAD
NORTH PALM BEACH,FL33408 		  PC GENERAL FUND 25,000
Total .................................right arrow 3a 3,445,250
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 27,290  
4 Dividends and interest from securities ....     14 126,262  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -115,875  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aTAX REFUND 		    01 46,105  
bFEE REBATE     01 39  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 83,821 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
83,821
(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 SANDY HILL FOUNDATION
EIN:
22-2668774
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANTHONY M. CICITTA JR. CPA PC 655 327   328

TY 2023 InvestmentsCorpStockSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 32,140 32,140
ACCENTURE PLC 37,898 37,898
ADOBE INC. 59,063 59,063
AIRBNB INC. 36,486 36,486
ALIGN TECH INC. 8,494 8,494
ALPHABET INC. - CL C 67,787 67,787
AMAZON 144,951 144,951
AUTODESK 30,192 30,192
ELI LILLY & CO 8,744 8,744
GARTNER 22,556 22,556
MASTERCARD 46,490 46,490
MICROSOFT 90,250 90,250
NETFLIX 49,175 49,175
NIKE INC 16,177 16,177
NOVO NORDISK AS ADR 19,759 19,759
PAYPAL HOLDINGS INC. 33,776 33,776
SALESFORCE 49,470 49,470
SERVICENOW 67,117 67,117
THERMO FISHER SCIENTIFIC 24,947 24,947
UNITED HEALTH GROUP 32,115 32,115
VISA 43,739 43,739
WORKDAY INC. 22,361 22,361
ZOETIS INC. 24,671 24,671
CORONATION GLOBAL EMERGING MARKETS 681,519 681,519
FPA CRESCENT FUND 810,541 810,541
VANGUARD 500 INDEX FUND 1,275,938 1,275,938
VULCAN VALUE PARTNERS 565,415 565,415
VANGUARD SHORT TERM BOND FUND 2,836,808 2,836,808

TY 2023 InvestmentsOtherSchedule2
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GQG PARTNERS GLOBAL EQ FUND FMV 2,578,531 2,578,531
LINDSELL TRAIN GLOBAL EQUITY LLC FMV 1,936,882 1,936,882
MATRIX CAPITAL MGMT FUND (OFFSHORE) FMV 1,155,419 1,155,419
PARAMETRIC DEFENSIVE EQUITY FUND FMV 3,050,424 3,050,424

TY 2023 OtherExpensesSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER FEES 124 0   124
BANK FEES 205 0   205


TY 2023 OtherIncomeSchedule2
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 0 822 0
TAX REFUND 46,105   46,105
FEE REBATE 39   39


TY 2023 OtherIncreasesSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 1,958,437
PARTNERSHIP DISTRIBUTIONS 1,000,000


TY 2023 TaxesSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEE 56 0   56
FOREIGN WITHHOLDING TAX 0 5,471   0
FEDERAL EXCISE TAX 41,476 0   0