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
CHARLES S RAIZEN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)25 MEADOW ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SCARSDALE, NY10583
A Employer identification number

13-6122579
B Telephone number (see instructions)

(914) 723-5278
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$4,318,473J 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 13,938 13,938 13,938
4 Dividends and interest from securities... 116,468 116,468 116,468
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -11,018
b Gross sales price for all assets on line 6a 906,562
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain......... 18,445
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
22,922 22,922 22,922
12 Total. Add lines 1 through 11........ 142,310 153,328 171,773
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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
18,000 18,000    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,627 8,377 250  
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
31,675 31,269    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 58,302 57,646 250 0
25 Contributions, gifts, grants paid....... 176,800 176,800
26 Total expenses and disbursements. Add lines 24 and 25 235,102 57,646 250 176,800
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -92,792
b Net investment income (if negative, enter -0-) 95,682
c Adjusted net income (if negative, enter -0-)... 171,523
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............. 28,859 37,679 37,679
2 Savings and temporary cash investments......... 592,548 404,935 404,935
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)....... 2,912,261 Click to see attachment
List of Attached Documents:
// Content
2,460,218 		3,151,958
c Investments—corporate bonds (attach schedule)....... 150,000 Click to see attachment
List of Attached Documents:
// Content
150,000 		113,205
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)..........   Click to see attachment
List of Attached Documents:
// Content
610,696 		610,696
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) 3,683,668 3,663,528 4,318,473
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
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 3,683,668 3,663,528
29 Total net assets or fund balances (see instructions)..... 3,683,668 3,663,528
30 Total liabilities and net assets/fund balances (see instructions). 3,683,668 3,663,528
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
3,683,668
2
Enter amount from Part I, line 27a .....................
2
-92,792
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
72,652
4
Add lines 1, 2, and 3 ..........................
4
3,663,528
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,663,528
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 VARIOUS PUBLICLY TRADED SECURITIES D    
b VARIOUS PUBLICLY TRADED SECURITIES P    
c VARIOUS PUBLICLY TRADED SECURITIES P    
d VARIOUS PUBLICLY TRADED SECURITIES P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 300,000   300,000  
b 482,057   500,000 -17,943
c 93,743   75,298 18,445
d 29,734   42,282 -12,548
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b       -17,943
c       18,445
d       -12,548
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -11,018
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 18,445
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 1,330
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 1,330
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 1,330
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 200
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 79
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,209
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   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? ....................
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 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 arrow
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 arrowJILL SERLING Telephone no.right arrow (914) 723-5278

Located atright arrow25 MEADOW ROADSCARSDALENY ZIP+4right arrow10583
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
 
 
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
JILL SERLING CO - PRESIDE
000.00 		0 0 0
25 MEADOW ROAD
SCARSDALE,NY10583
DAVID RAIZEN CO-PRESIDENT
000.00 		0 0 0
14 ASPEN ROAD
SCARSDALE,NY10583
ROBERT SERLING TREASURER
000.00 		0 0 0
25 MEADIOW ROAD
SCARSDALE,NY10583
SPENCER SERLING VICE PRESIDE
000.00 		0 0 0
25 MEADOW ROAD
SCARSDALE,NY10583
AUSTIN SERLING SECRETARY
000.00 		0 0 0
25 MEADOW ROAD
SCARSDALE,NY10583
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  
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 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 N/A  
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
3,964,354
b
Average of monthly cash balances.......................
1b
175,417
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,139,771
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
4,139,771
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
62,097
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,077,674
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
203,884
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
203,884
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,330
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,330
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
202,554
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
202,554
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
202,554
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
176,800
b
Program-related investments—total from Part VIII-B..................
1b
 
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
176,800
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 7 202,554
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 81,922
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 176,800
a Applied to 2022, but not more than line 2a 81,922
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..... 94,878
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 ........... 		 
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 .......... 		107,676
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 ...... 		 
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....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or 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

ALBERT EINSTEIN COLLEGE OF MEDICINE

1300 MORRIS PARK AVENUE
BRONX,NY10461 		    MEDICAL CARE 2,500

ALLIANCE FOR CANCER GENE THERAPY

92 CUMMINGS POINT ROAD
STAMFORD,CT06902 		    MEDICAL RESEARCH 5,000

ALZHEIMERS ASSOC ROCKLANDWESTCHSTR

PO BOX 96011
WASHINGTON,DC200906011 		    MEDICAL RESEARCH 1,000

AMERICAN JEWISH COMMITTEE

165 EAST 56TH STREET
NEW YORK,NY10022 		    FIGHTING ANTISEMITISM AND HATRED 10,000

ANTI DEFAMATION LEAGUE

605 THIRD AVENUE
NEW YORK,NY10158 		    FIGHTING ANTISEMITISM AND HATRED 10,000

CARAMOOR

149 GIRDLE RIDGE ROAD
KATONAH,NY10536 		    SUPPORT OF THE ARTS 500

COLGATE UNIVERSITY

UTICA STREET
HAMILTON,NY13346 		    EDUCATION 1,000

CORNELL UNIVERSITY

130 EAST SENECA STREET
ITHACA,NY14850 		    EDUCATION 1,000

FRIENDS OF SPL

54 OLMSTEAD ROAD
SCARSDALE,NY10583 		    SUPPORT FOR THE LIBRARY 50,000

GILDA'S CLUB OF WESTCHESTER

80 MAPLE AVENUE
WHITE PLAINS,NY10601 		    SUUPORT FOR PEOPLE WITH CANCER 1,000

GRAD BAG

PO BOX 605
SCARSDALE,NY10583 		    SUPPORT FOR COLLEGE STUDENTS 1,000

JEWISH MUSEUM

1109 5TH AVENUE
NEW YORK,NY10128 		    FOR HERITAGE OF THE JEWISH PEOPLE 250

LAFAYETTE COLLEGE

730 HIGH STREET
EASTON,PA18042 		    EDUCATION 5,000

MENTAL HEALTH ASSOC OF WESTCHESTER

29 STERLING AVENUE
WHITE PLAINS,NY10606 		    PROMOT MENTAL HEALTH ADVOCACY 500

METROPOLITAN MUSEUM OF ART

1000 FIFTH AVENUE
NEW YORK,NY10028 		    SUPPORT FOR THE ARTS 5,000

MT WASHINGTON OBSERVATORY

2779 WHITE MT HIGHWAY
NORTH CONWAY,NH03860 		    RESEARCHING EARTH'S WEATHER 5,000

NEW ISRAEL FUND

6 EAST 39TH STREET
NEW YORK,NY10016 		    FIGHTING JEWISH & ARAB INEQUALITY 1,000

NEW YORK PHILHARMONIC

10 LINCOLN CENTER
NEW YORK,NY10023 		    SUPPORT FOR THE ARTS 2,500

PLANNED PARENTHOOD HUDSON PECONIC

150 LOCKWOOD AVENUE
NEW ROCHELLE,NY10801 		    COMPREHENSIVE SEX EDUCATION 2,500

SALISBURY SCHOOL

251 CANAAN ROAD
SALISBURY,CT06068 		    EDUCATION 500

SARASOTA ART MUSEUM

1001 S TAMIAMI TRAIL
SARASOTA,FL34236 		    SUPPORT FOR THE ARTS 2,500

SCARSDALE FOUNDATION

PO BOX 542
SACRSDALE,NY10583 		    PROMOTE CIVIC WELFARE 1,000

SCARSDALE VOLUNTEER AMBULANCE CORPS

5 WEAVER STREET
SCARSDALE,NY10583 		    COMMUNITY AMBULANCE SERVICE 7,500

STUDENT ADVOCACY

3 WEST MAIN STREET
ELMSFORD,NY10523 		    LEGALLY-BASED STUDENT ADVOCACY 500

TEMPLE ISRAEL OF NEW ROCHELLE

1000 PINEBROOK BOULEVARD
NEW ROCHELLE,NY10804 		    HOUSE OF WORSHIP 2,000

THE NINETY SECOND STREET Y

LEXINGTON AVE AND 92ND ST
NEW YORK,NY10128 		    COMMUNITY & CULTURAL CENTER 1,000

THE SUMMER CAMP

8 CHURCH STREET
BRIDGTON,ME04009 		    CAMP FOR INNER CITY GIRLS 500

THIRTEEN - PUBLIC TELEVISION

825 8TH AVENUE
NEW YORK,NY100197435 		    PUBLIC TELEVISION 1,000

UJA

130 EAST 59TH STREET
NEW YORK,NY10022 		    JEWISH COMMUNITY SERVICES 1,000

UNION FOR REFORM JUDAISM

633 THIRD AVENE 7TH FL
NEW YORK,NY10017 		    GENERAL CONTRIBUTION 5,000

WCC FOUNDATION

75 GRASSLANDS ROAD
VALHALLA,NY10595 		    COMMUNITY SUPPORT 2,500

WESTCHESTER JEWISH COMM SERVICES

845 NORTH BROADWAY
WHITE PLAINS,NY10605 		    SUPPORT FOR THE JEWISH COMMUNITY 1,000

WHITE PLAINS HOSPITAL

41 EAST POST ROAD
WHITE PLAINS,NY10605 		    MEDICAL CARE 11,000

WINNEBAGO ALUMNI ASSOCIATION

401 ST CHRISTOPHERS RD
RICHMOND,VA23226 		    GIFT OF CAMP TO NEEDY BOYS 500

SCARSDALE EDGEMONT FAMILY COUNSELIN

14 HARWOOD COURT
SCARSDALE,NY10583 		    COMMUNITY COUNSELING SERVICES 1,000

SCARSDALE ADULT SCHOOL

PO BOX 205
SCARSDALE,NY10583 		    CONTINUING EDUCATION 7,500

SCARSDALE LEAGUE OF WOMEN VOTERS

PO BOX 495
SCARSDALE,NY10583 		    VOTER EDUCATION 500

SCARSDALE PBA

PO BOX 5
SCARSDALE,NY10583 		    PROMOTE RESPECT BETW COMM & POLICE 500

SCARSDALE WOMENS CLUB

37 DRAKE ROAD
SCARSDALE,NY10583 		    PROGRAMS FOR THE COMMUNITY 250

PROGRAM FOR JEWISH GENETIC HEALTH

1300 MORRIS PARK AVE
BRONX,NY10461 		    GENETIC HEALTH CARE AND EDUCATION 5,000

FRIENDS OF ISRAEL DEFENSE FUND

PO BOX 4224
NEW YORK,NY10163 		    SUPPORT IDF SOLDIERS AND FAMILIES 1,000

SLINGSHOT

445 PARK AVE
STE 16A
NEW YORK,NY10022 		    PHILANTHROPY FOR JEWISH COMMUNITY 10,000

KENNEDY CENTER

2700 F ST
WASHINGTON,DC20566 		    SUPPORT FOR THE ARTS 1,800

MARIE SELBY BOTANICAL GARDENS

1534 MOUND ST
SARASOTA,FL34236 		    SUPPORT BAYFRONT SANCTUARIES 1,000

RINGLING MUSEUM

5401 BAY SHORE RD
SARASOTA,FL34243 		    SUPPORT ARTS AND EDUCTAION 1,000

SARASOTA MEMORIAL HOSPITAL

1700 S TAMIAMI TRL
SARASOTA,FL34239 		    SUPPORT HEALTHCARE SERVICES 5,000
Total .................................right arrow 3a 176,800
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		        13,938
4 Dividends and interest from securities ....         116,468
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 .....         22,922
8 Gain or (loss) from sales of assets other than
inventory ............ 		        -11,018
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..     142,310
13Total. Add line 12, columns (b), (d), and (e)..................
13
142,310
(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.)
3 INCOME GENERATED FROM INVESTMENTS ARE USED TO PAY FOR CHARITABLE CONTRIBUTIONS AND FOUNDATION EXPENSES
4 INCOME GENERATED FROM INVESTMENTS ARE USED TO PAY FOR CHARITABLE CONTRIBUTIONS AND FOUNDATION EXPENSES
8 INCOME GENERATED FROM INVESTMENTS ARE USED TO PAY FOR CHARITABLE CONTRIBUTIONS AND FOUNDATION EXPENSES.
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:
CHARLES S RAIZEN FOUNDATION INC
EIN:
13-6122579
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SHALIK MORRIS & CO. , C.P.A. 18,000 18,000    

TY 2023 InvestmentsCorpBondsSchedule
Name:
CHARLES S RAIZEN FOUNDATION INC
EIN:
13-6122579
Name of Bond End of Year Book Value End of Year Fair Market Value
15,000 SHS BARCLAYS BANK PLC INDEX    
150,000 CITIGROUP GLOBAL INDX-LINKED 150,000 113,205

TY 2023 InvestmentsCorpStockSchedule
Name:
CHARLES S RAIZEN FOUNDATION INC
EIN:
13-6122579
Name of Stock End of Year Book Value End of Year Fair Market Value
326SH IBM 44,585 53,317
271 SH CHEVRON CORP. 25,404 40,422
1,271 SH VERIZON COMMUNICATIONS 9,181 47,917
401 SH ENTERGY CORP. 1,624 40,577
504 SH JPMORGANCHASE & CO. 31,370 85,730
254 SH AMGEN INC. 65,415 73,157
740 SH ARES MANAGEMENT CORP. 39,377 88,001
2,260 SH AT & T INC. 49,241 37,923
716 SH BHP GROUP INC. 43,845 48,910
91 SH BROADCOM INC. 41,795 101,579
1,022 SH COCA COLA CO. 55,668 60,226
180 SH CROWN CASTLE INTL CORP. 32,356 20,734
349 SH DIGITAL REALTY TRUST INC. 51,852 46,968
232 SH EATON CORP. 32,976 55,870
694 SH EDISON INTERNATIONAL 42,438 49,614
1,239 SH FIFTH THIRD BANKCORP 46,497 42,733
706 SH MERCK & CO INC. 53,115 76,968
1,528 SH NISOURCE INC. 38,373 40,568
306 SH PACKAGING CORP. OF AMERICA 43,651 49,850
331 SH PROCTER AND GAMBLE CO 44,841 48,505
456 SH PRUDENTIAL FINANCIAL INC. 44,437 47,292
705 SH REALTY INCOME CORP 46,480 40,481
982 SH RESTAUARANT BRANDS INTL INC. 64,969 76,724
905 SH SANOFI ADR REP 47,174 45,006
421 SH TORONTO DOMINION BANK 27,849 27,205
826 SH TOTAL ENERGIES SE 38,160 55,656
266 SH UNITED PARCEL SERVICE 47,449 41,823
1,277 WILLIAMS COS INC. 28,680 44,478
161 SH ANALOG DEVICES INC. 25,439 31,968
40 SH BLACKROCK INC. 31,625 32,472
89 SH HOME DEPOT INC. 28,291 30,843
348 SH NEXTERA ENERGY INC. 7238 27,357 21,138
1000 SH NEXTERA ENERGY INC. 5282 80,307 60,740
280 SH TE CONNECTIVITY LTD. 26,186 29,927
19106.35 SH BLACKSTONE PRIV CREDIT F    
2000 SH FREEPORT-MCMORAN COOPER & GL 57,674 85,140
148 SH MICROSOFT CORP 7238 40,223 55,654
250 SH MICROSOFT CORP 5282 6,757 94,010
600 SH ALIBABA GROUP HOLDINGS LTD. 58,723 46,506
42 SH ADOBE SYSTEMS INC. 17,536 25,057
320 SH ALPHABET INC. CAP STCK 36,495 44,701
280 SH AMAZON.COM INC. 34,384 42,543
81 SH AMERIPRISE FINANCIAL INC. 19,488 30,766
65 SH COSTCO WHOLESALE CORP. 29,920 42,905
104 SH DIAMONDBACK ENERGY INC. 12,924 16,128
242 SH WALT DISNEY CO 26,530 21,850
80 SH ELI LILLY & CO. 24,672 46,634
39 SH EQUINIX INC. 26,501 31,410
106 SH ESTEE LAUDER COS.    
139 SH HONEYWELL INTL INC,. 26,648 29,150
344 SH HORIZON PHARMA PLC    
83 SH LINDE PLC 26,613 34,089
145 SH NVIDIA CORPORATION 26,628 71,807
97 SH PARKER-HANNIFIN CORP. 26,530 44,688
95 SH PIONEER NATURAL RESOURCES 26,464 21,364
285 SH RAYTHEON TECHNOLOGIES CORP.    
150 SH SALESFORCE INC. 26,579 39,471
283 SH SONY GROUP CORPORATION 26,579 26,797
64 SH THERMO FISHER SCIENTIFIC INC. 35,530 33,971
283 SH TRIMBLE INC.    
609 SH UBER TECHNOLOGIES INC. 13,946 37,496
60 SH UNITED RENTALS INC. 17,644 34,405
54 SH UNITEDHEALTH GROUP INC. 26,574 28,429
127 SH VISA INC. 26,674 33,064
159 SH ZOETIS INC. 26,513 31,382
1574 SH AES CORP 38,911 30,300
496 SH MAGNA INTL INC. 30,233 29,304
793 SH PUBLIC SVC ENTERPRISE GRP INC 46,924 45,190
876 SH SHELL PLC 46,947 57,641
1554 SH VICI PPTYS INC. 45,192 49,542
21 SH REGENERON PHARMACEUTICALS INC 16,892 18,444
74 SH INTUITIVE SURGICAL INC 17,914 24,965
CROWDSTRIKE HLDGS INC CL 23,445 41,107
CHENIERE ENERGY INC 20,731 21,509
CADENCE DESIGN SYSTEMS INC 15,811 15,797
ACCENTURE PLC 34,458 42,811
CONAGRA BRANDS INC 40,004 30,609

TY 2023 InvestmentsOtherSchedule2
Name:
CHARLES S RAIZEN FOUNDATION INC
EIN:
13-6122579
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALTERNATIVE INVESTMENTS 5282 AT COST 610,696 610,696

TY 2023 OtherExpensesSchedule
Name:
CHARLES S RAIZEN FOUNDATION INC
EIN:
13-6122579
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
OFFICE EXPENSES 406      
ADVISORY/MANAGEMENT FEES 25,683 25,683    
SRP CONTINUATION PTRS - PORTO 981 981    
TITAN AG LP 4,605 4,605    


TY 2023 OtherIncomeSchedule2
Name:
CHARLES S RAIZEN FOUNDATION INC
EIN:
13-6122579
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME-FORM 1099-MISC 22,922 22,922 22,922


TY 2023 OtherIncreasesSchedule
Name:
CHARLES S RAIZEN FOUNDATION INC
EIN:
13-6122579
Description Amount
COST BASIS ADJ TO PRIOR ASSETS SOLD 52,622
RETURN OF CAPITAL A/C RJL-015282 20,030


TY 2023 TaxesSchedule
Name:
CHARLES S RAIZEN FOUNDATION INC
EIN:
13-6122579
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
U.S. TAX 6,223 6,223    
FOREIGN TAX 2,154 2,154    
2022 NYS FORM CHAR500 FILING FEE 250   250