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
Diane & Norman Bernstein Foundation Inc
 
% JOSHUA BERNSTEIN
Number and street (or P.O. box number if mail is not delivered to street address)5301 Wisconsin Avenue NW Suite 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Washington, DC20015
A Employer identification number

52-6047356
B Telephone number (see instructions)

(202) 363-6301
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$121,017,880J 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) 13,261,979
2 Check right arrow.............
3 Interest on savings and temporary cash investments 870,450 870,450  
4 Dividends and interest from securities... 1,535,716 1,535,716  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,810,397
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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
4,733,153 5,062,195  
12 Total. Add lines 1 through 11........ 18,590,901 7,468,361  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 357,317 71,463   285,854
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
22,524 20,272 0 2,252
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
166,097 166,097    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
40,707 707    
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
1,042,878 996,545   44,709
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,629,523 1,255,084 0 332,815
25 Contributions, gifts, grants paid....... 8,204,380 8,204,380
26 Total expenses and disbursements. Add lines 24 and 25 9,833,903 1,255,084 0 8,537,195
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,756,998
b Net investment income (if negative, enter -0-) 6,213,277
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............. 14,167,471 11,656,670 11,656,670
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   734,020    
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 arrow13,760,427
Less: allowance for doubtful accounts right arrow   13,974,844 Click to see attachment
List of Attached Documents:
// Content
13,760,427 		13,760,427
8 Inventories for sale or use.............. 238,286    
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
2,612,163 		2,608,123
b Investments—corporate stock (attach schedule)....... 43,485,438 Click to see attachment
List of Attached Documents:
// Content
49,944,230 		53,083,922
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 32,554,797 Click to see attachment
List of Attached Documents:
// Content
35,925,957 		39,834,205
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow   201,433    
15 Other assets (describe right arrow)   Click to see attachment
List of Attached Documents:
// Content
74,533 		Click to see attachment
List of Attached Documents:
// Content
74,533
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 105,356,289 113,973,980 121,017,880
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) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
62,126
23 Total liabilities (add lines 17 through 22)......... 0 62,126
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........ 24,000 24,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 105,332,289 113,887,854
29 Total net assets or fund balances (see instructions)..... 105,356,289 113,911,854
30 Total liabilities and net assets/fund balances (see instructions). 105,356,289 113,973,980
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
105,356,289
2
Enter amount from Part I, line 27a .....................
2
8,756,998
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
114,113,287
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
201,433
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
113,911,854
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 K1 - ST CAP GAINS/LOSSES      
b K1 - LT CAP GAINS/LOSSES      
c K1 - SECTION 1231 GAINS/LOSSES      
d REALIZED GAINS/LOSSES FROM BROKERAGE ACCOUNTS      
e K1 - 1256 CONTRACTS      
K1 - 1256 CONTRACTS      
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       -5,114
b       26,161
c       13,668
d       -1,838,673
e       -2,540
      -3,899
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        
c        
d        
e        
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,810,397
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 86,365
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 86,365
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 86,365
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 67,448
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 67,448
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 18,917
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDC, VA
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
 
No
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 arrowhttps://www.dnbfdc.org/
14
The books are in care ofright arrowJOSHUA BERNSTEIN Telephone no.right arrow (202) 363-6301

Located atright arrow5301 WISCONSIN AVENUE NW SUITE 500WASHINGTONDC ZIP+4right arrow20015
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
 
No
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Susan Amy Bernstein Director
0 		0 0 0
5301 Wisconsin Avenue NW
Washington,DC20015
Elizabeth B Norton Vice President
0 		0 0 0
5301 Wisconsin Avenue NW
Washington,DC20015
Joshua Benjamin Bernstein Chairman
0 		0 0 0
5301 Wisconsin Avenue NW
Washington,DC20015
Kelly Lynch Executive Director & Treasurer
0 		0 0 0
5301 Wisconsin Avenue NW
Washington,DC20015
Celia Ellen Bernstein Director
0 		0 0 0
5301 Wisconsin Avenue NW
Washington,DC20015
Marianne Bernstein Director
0 		0 0 0
5301 Wisconsin Avenue NW
Washington,DC20015
Nancy Bernstein Director
0 		0 0 0
5301 Wisconsin Avenue NW
Washington,DC20015
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
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
43,163,267
b
Average of monthly cash balances.......................
1b
12,822,487
c
Fair market value of all other assets (see instructions)................
1c
51,584,364
d
Total (add lines 1a, b, and c).........................
1d
107,570,118
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
0
3
Subtract line 2 from line 1d.........................
3
107,570,118
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,613,552
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
105,956,566
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,297,828
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
5,297,828
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
86,365
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
86,365
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,211,463
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
5,211,463
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
5,211,463
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
8,537,195
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
8,537,195
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 5,211,463
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 178,954
c From 2020...... 0
d From 2021...... 2,256,371
e From 2022...... 1,445,287
f Total of lines 3a through e ........ 3,880,612
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 8,537,195
a Applied to 2022, but not more than line 2a 0
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..... 5,211,463
e Remaining amount distributed out of corpus 3,325,732
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 7,206,344
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		7,206,344
10 Analysis of line 9:
a Excess from 2019.... 178,954
b Excess from 2020.... 0
c Excess from 2021.... 2,256,371
d Excess from 2022.... 1,445,287
e Excess from 2023.... 3,325,732
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

American Friends of the Umm El-Fahem Museum of Con

7 Times Square 40th Floor
New York,NY10036 		    Charitable 80,000

American Jewish Joint Distribution Committee

711 Third Avenue
New York,NY10017 		    Charitable 100,000

Bend the Arc

330 Seventh Ave Suite 1900
New York,NY10001 		    Charitable 50,000

Building Bridges Across the River TheARC

1901 Mississippi Ave SE
Washington,DC20020 		    Charitable 50,000

Centro Nia

1420 Columbia Rd NW
Washington,DC20009 		    Charitable 25,000

Capital Area Food Bank

4900 Puerto Rico Avenue NE
Washington,DC20017 		    Charitable 100,000

Children's Law Center

616 H St NW 300
Washington,DC20001 		    Charitable 75,000

DC Fiscal Policy Institute

820 First Street NE Suite 750
Washington,DC20002 		    Charitable 50,000

Dreaming Out Loud Inc

80 M Street SE
Washington,DC20003 		    Charitable 50,000

Jewish Funders Network

150 W 30th Street Suite 900
New York,NY10001 		    Charitable 120,000

Jubilee Housing

1640 columbia Rd NW
Washington,DC20009 		    Charitable 65,000

Martha's Table

2114 14th Street NW
Washington,DC20009 		    Charitable 150,000

Medstar Georgetown University Hospital

3800 Reservoir Road NW
Washington,DC20007 		    Charitable 50,000

New Israel Fund

1101 14th Street NW
Washington,DC20001 		    Charitable 300,000

Planned Parenthood of Metropolitan Washington DC

1225 4th Street NE
Washington,DC20002 		    Charitable 50,000

Tzedek DC

4340 Connecticut Ave NW
Washington,DC20008 		    Charitable 50,000

Kennedy Center For The Performing Arts

2700 F Street NW
Washington,DC20566 		    Charitable 100,000

Miriam's Kitchen

2401 Virginia Avenue NW
Washington,DC20037 		    Charitable 166,667

Platform of Hope

1640 Columbia Rd NW
Washington,DC20009 		    Charitable 50,000

Adas Israel Congregation

2850 Quebec St NW
Washington,DC20008 		    Charitable 25,000

Anacostia Park Friends Group

600 Pennsylvania Avenue SE
Washington,DC20003 		    Charitable 40,000

Anti-Defamation League

605 Third Avenue
New York,NY10158 		    Charitable 20,000

Arena Stage

1101 Sixth Street SW
Washington,DC20024 		    Charitable 212,000

Atlas Performing Arts Center

1333 H St NE
Washington,DC20002 		    Charitable 25,000

Bread for the City Inc

1700 Good Hope Road SE
Washington,DC20020 		    Charitable 350,000

Bright Beginnings Inc

128 M St NW
Washington,DC20001 		    Charitable 50,000

Buzzards Bay Coalition

114 Front Street
New Bedford,MA02740 		    Charitable 30,000

Capital Camps

11300 Rockville Pike
Suite 407
Rockville,MD20852 		    Charitable 25,000

Charles E Smith Life Communities

6121 Montrose Road
North Bethesda,MD20852 		    Charitable 50,000

Children's National Medical Center

111 Michigan Ave NW
Washington,DC20010 		    Charitable 50,000

Community of Hope

4 Atlantic Street SW
Washington,DC20032 		    Charitable 100,000

DC Central Kitchen Inc

452 2nd Street NW
Washington,DC20001 		    Charitable 100,000

DC Greens Inc

810 7th Street NE
Washington,DC20002 		    Charitable 50,000

DC Jewish Community Center

1529 16th Street NW
Washington,DC20036 		    Charitable 100,000

Eastern Massachusetts Abortion Fund

955 Massachusetts Ave 427
Cambridge,MA02139 		    Charitable 15,000

Educare

33 West Monroe Street Suite 1200
Chicago,IL60603 		    Charitable 50,000

Furnish Hope DC

1516 Good Hope Rd SE
Washington,DC20020 		    Charitable 5,000

Hirshhorn Museum and Sculpture Garden

Independence Ave and 7th Street
Washington,DC20560 		    Charitable 375,000

Jewish Federation of Greater Washington

6101 Executive Blvd 100
North Bethesda,MD20852 		    Charitable 1,100,000

Jewish Foundation for Group Homes

1500 E Jefferson St
Rockville,MD20852 		    Charitable 40,000

Jewish Social Service Agency

200 Wood Hill Road
Rockville,MD20850 		    Charitable 35,000

J Street Education Fund

PO Box 66073
Washington,DC20035 		    Charitable 100,000

Join for Justice Inc

PO Box 51248
Boston,MA02205 		    Charitable 50,000

Jubilee Jumpstart

2525 Ontario Road NW
B
Washington,DC20009 		    Charitable 25,000

Marine Biological Lab Annual Fund

7 MBL Street
Woods Hole,MA02543 		    Charitable 100,000

Mary's Center

2333 Ontario Road NW
Washington,DC20009 		    Charitable 100,000

N Street Village

1333 N Street NW
Washington,DC20005 		    Charitable 100,000

Omdim Beyachad - Standing Together

9977 UPPER GALILLEE
  QIRYAT SHEMONA1220800
IS 		    Charitable 50,000

Quissett Harbor Preservation Trust

PO Box 391
Falmouth,MA02541 		    Charitable 35,000

Reach Inc

344 Church Ave SW
Roanoke,VA24016 		    Charitable 50,000

Reentry Collective Impact Project

615 Willow Ave
Ithaca,NY14850 		    Charitable 30,000

Sitar Arts Center

1700 Kalorama Rd NW 101
Washington,DC20009 		    Charitable 50,000

Sixth & I Historic Synagogue

600 I Street NW
Washington,DC20001 		    Charitable 50,000

Social Good Fund

PO Box 5473
Richmond,CA94805 		    Charitable 150,000

The 300 Committee Land Trust

157 Locust Street
Falmouth,MA02540 		    Charitable 30,000

The Nature Conservancy

4245 North Fairfax Drive
Suite 100
Arlington,VA22203 		    Charitable 50,000

Urban Alliance

2030 Q Street NW
Washington,DC20009 		    Charitable 54,000

Urban Teachers

8 Market Place
Suite 410
Baltimore,MD21202 		    Charitable 50,000

WAMU 885 - American University Radio

PO Box 98101
Washington,DC20090 		    Charitable 30,000

Washington Housing Conservancy

1310 L Street NW Suite 325
Washington,DC20005 		    Charitable 100,000

Washington Regional Association of Grantmakers

1100 New Jersey Ave SE
Suite 710
Washington,DC20003 		    Charitable 25,500

WETA

3939 Campbell Avenue
Arlington,VA22206 		    Charitable 25,000

Wooly Mammoth Theater Company

641 D St NW
Washington,DC20004 		    Charitable 50,000

Zero to Three

2445 M St NW
Washington,DC20037 		    Charitable 10,000

1 Jar Foundation

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 18,000

America Gives Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 18,000

American Near East Refuge Aid

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 100,000

Beit Berl College

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Brooklyn Community Foundation

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

Cape Cod YMCA

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Changing Perceptions

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Chicken & Egg Pictures Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 20,000

Coalition for Nonprofit Housing & Economic Develop

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 75,000

Community Movement Commons

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

Council for Court Excellence

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

CUNY School of Public health Foundation

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 16,000

DC Abortion Fund

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 15,000

DC Justice Lab

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

DC Policy Center

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 90,000

Dignity and Power Now

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

East Yard Communities for Enviromental Justice

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 6,000

Empower DC

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Federal City Council

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Film Forum Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

Foster America

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 36,000

Free Minds Book Club

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Friends of Anacostia Park

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Friendship Place

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 75,000

Greater Washington Community Foundation

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 60,000

Habitat for Humanity of DC & Northern VA Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 75,000

Heading for Change

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 10,000

Hetrick-Martin Institute Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 4,500

Hope for Miami

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

Jewish Liberation Fund

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

Jobs To Move America

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 10,000

Joe's Movement Emporium

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

Kenya Education Fund Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

Keshet Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Life Pieces to Masterpieces

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Local Initiatives Support Corp - LISC

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 100,000

Mamatoto Village

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Manna Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Mi Casa Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Miami Music Project Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 9,000

National Domestic Workers Alliance

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 18,000

New Alternatives

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 4,500

Pathway Homes Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Peace Development Fund

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Peace for DC

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 333,334

Recovery Cafe DC

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 100,000

Sasha Bruce Youthwork Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Slate- Z

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 10,000

St Columba's Episcopal Church

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

T'RUAH

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Union For Reform Judaism

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Washington Area Women's Foundation

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 5,000

Washington Legal Clinic for the Homeless Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Whitman-Walker Health

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Women for Women International

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 50,000

Woods Hole film Festival Inc

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 6,000

Other Miscellaneous

5301 Wisconsin Avenue NW
Washington,DC20015 		    Charitable 1,879
Total .................................right arrow 3a 8,204,380
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 ........... 		    14 870,450  
4 Dividends and interest from securities ....     14 1,535,716  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 4,733,153  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -1,810,397  
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) ..   5,328,922  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,328,922
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
Diane & Norman Bernstein Foundation Inc
 
Employer identification number

52-6047356
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
Diane & Norman Bernstein Foundation Inc
  		Employer identification number
52-6047356
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Estate of Diane Bernstein
5301 Wisconsin Ave NW No 500
 
Washington, DC20015

$ 3,847,594


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Estate of Norman Bernstein
5301 Wisconsin Ave NW No 500
 
Washington, DC20015

$ 9,414,385


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Diane & Norman Bernstein Foundation Inc
  		Employer identification number

52-6047356
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Diane & Norman Bernstein Foundation Inc
  		Employer identification number

52-6047356
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 22,524 20,272   2,252

TY 2023 AllOthProgRltdInvestmentsSch
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Category Amount
N/A  

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

TY 2023 DepreciationSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 InvestmentsCorpStockSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Name of Stock End of Year Book Value End of Year Fair Market Value
MS 024005 - STOCK 8,937,068 9,615,774
MS 024005 - ETFS & CEFS 554,711 496,285
MS 021207 - STOCK 29,905,690 32,106,999
MS 021207 - ETFS & CEFS 4,671,345 4,922,608
USB 9000 - MUTUAL FUNDS EQ 3,967,103 4,076,273
USB 9000 - FIXED INCOME 1,044,829 1,002,499
USB 9001 - DOMESTIC PREF STOCK 250,000 250,000
BLACKBIRD HEALTH SAFE 450,000 450,000
150,000 SHS ARMGO SERIES A 150,000 150,000
13,484 SHS ARMGO SERIES A2 13,484 13,484
PRIOR YEAR BALANCE    

TY 2023 InvestmentsGovtObligationsSch
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
US Government Securities - End of Year Book Value:

2,612,163
US Government Securities - End of Year Fair Market Value:

2,608,123
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
1776 SEED INVESTORS LP AT COST 89,844 253,493
ADAGE CAPITAL PARTNERS AT COST 14,926,992 16,533,315
APAX GLOBAL IMPACT LP AT COST 182,634 232,078
CAMBER CREEK FUND III LP AT COST 728,868 1,449,024
CAMBER CREEK FUND IV LP AT COST 355,611 407,423
CAMBER CREEK FUND VI LP AT COST 323,498 871,571
COMMONFUND CAPITAL PTR 2000 LP AT COST 9,515 3,609
COMMONFUND CAPITAL PTRS III LP AT COST 20,681 40,906
CONTEGRIA FUND I LLC AT COST 1,069,789 887,387
CONTEGRIA FUND II LLC AT COST 1,318,500 1,273,184
CORE CAPITAL PARTNERS II AT COST 0 746,421
EASTPORT PLAZA, LLC AT COST 99,181 99,181
FARALLON CAPITAL F5 INVESTORS AT COST 600,000 643,052
GENERATION IM GLOBAL EQUITY AT COST 2,647,113 2,651,011
PRUDENT CAPITAL VIII AT COST 0 0
IMPACTIVE CAPITAL FUND LTD AT COST 3,000,000 3,254,414
INHERENT PARTNERS FUND I, LLC AT COST 1,263,541 1,318,539
INVESTORS PARTNER FUND AT COST 62,715 82,405
JBG SMITH AT COST 0 0
JUSTICE HOUSING PARTNERS AT COST 502,861 416,144
JUSTICE HOUSING PARTNERS 2 LP AT COST 0 0
LANDMARK EQUITY PARTNERS XIII AT COST 0 0
LONE CEDAR LTD AT COST 2,773,122 3,293,666
NEXT PLAY CAPITAL III Q, LP AT COST 600,000 536,924
THE CRANEMERE GROUP LIMITED AT COST 899,902 79,991
PRUDENT CAPITAL III LP AT COST 282,363 283,239
ROSE AFFORD HOUSING AT COST 35,278 35,278
SUMMIT PARTNERS SUSTAINABLE AT COST 3,000,000 3,316,155
UNION KITCHEN FUND 1, LP AT COST 457,625 507,006
URBAN EDGE PROPERTIES AT COST 0 0
VORNADO LP AT COST 0 0
VISTRIA FUND V AT COST 363,824 360,585
ZEAL CAPITAL PARTNERS FUND AT COST 312,500 258,204
PRIOR YEAR BALANCE AT COST    

TY 2023 OtherAssetsSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID TAXES   62,667 62,667
K1 - DISTRIBUTIONS RECEIVABLE   11,866 11,866


TY 2023 OtherDecreasesSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Description Amount
BOOK/TAX DIFFERENCE 201,433


TY 2023 OtherExpensesSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
K1 - 179 DEDUCTION 212 212   0
K1 - CHARITABLE CONTRIBUTIONS 269 269   269
K1 - INVESTMENT INTEREST 198,167 198,167   0
K1 - 59(E)(2) EXPENDITURES 5,420 5,420   0
K1 - 2% PORTFOLIO DEDUCTIONS 136,423 136,423   0
K1 - PORTFOLIO DEDUCTIONS 19 19   0
K1 - OTHER DEDUCTIONS 250,346 250,346   0
K1 - NONDEDUCTIBLE EXPENSES 1,893 0   0
K1 - FOREIGN TAXES 5,729 5,729   0
MISCELLANEOUS 444,400 399,960   44,440


TY 2023 OtherIncomeSchedule2
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K1 - Ordinary Income 31,027 31,027  
K1 - Rental Income -649 -649  
K1 - Other Rental Income 6 6  
K1 - Interest 42,762 42,762  
K1 - Dividends 417,509 417,509  
K1 - Royalties 175 175  
K1 - Other Portfolio Income 4,570,575 4,570,575  
K1 - Cancellation of debt 330 330  
K1 - Other Income (Loss) 460 460  
K1 - TE Interest 2,702 0  
Other K1 Income Adjustment -331,744 0  


TY 2023 OtherLiabilitiesSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Description Beginning of Year - Book Value End of Year - Book Value
CORE CAPITAL PARTNERS II 0 62,126


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
BERNSTEIN FAMILY VENTURES LLC (INHERITED   8,556,156 5,455,252 2018-01 2031-12   265 %        
CAPITAL BANCORP INC (INHERITED)   500,000 500,000 2020-11 2030-11 5.00% FIXED-TO-FLOATING RATE SUBORDINATED NOTE 5 %        
NORMAN BERNSTEIN KIDS '07 NOTE (INHERITE   2,381,478 977,648 2014-01 2028-12   4 %        
BDC PROPERTIES LLC (INHERITED)   2,679,600 2,548,586 2022-03 2047-03   252 %        
DNB 1600 PENN LLC (INHERITED)   542,500 515,976 2022-03 2047-03   252 %        
FRANCONIA ROAD (INHERITED)   2,905,000 2,762,965 2022-03 2047-03   252 %        
WASHINGTON HOUSING CONSERVANCY   1,000,000 1,000,000 2023-01 2030-12   1 %        

TY 2023 OtherProfessionalFeesSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 166,097 166,097    


TY 2023 TaxesSchedule
Name:
Diane & Norman Bernstein Foundation Inc
EIN:
52-6047356
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 40,000      
VA TAXES 707 707