TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	7,752
2	Check .............
3	Interest on savings and temporary cash investments	139	139
4	Dividends and interest from securities...	35,816	35,816
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,275,538
b	Gross sales price for all assets on line 6a 1,464,792
7	Capital gain net income (from Part IV, line 2)...		1,275,538
8	Net short-term capital gain.........			0
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).......
12	Total. Add lines 1 through 11........	1,319,245	1,311,493
	13	Compensation of officers, directors, trustees, etc.	9,000	9,000
14	Other employee salaries and wages......		0	0	0
15	Pension plans, employee benefits.......		0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,880	1,880	0	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	18,483	18,483		0
17	Interest...............				0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	258	138		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......		0	0
22	Printing and publications..........		0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	3,622	3,622
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	33,243	33,123	0	0
25	Contributions, gifts, grants paid.......	72,250			72,250
26	Total expenses and disbursements. Add lines 24 and 25	105,493	33,123	0	72,250
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,213,752
b	Net investment income (if negative, enter -0-)		1,278,370
c	Adjusted net income (if negative, enter -0-)...			0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	4,449	230,843	230,843
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	868,914	List of Attached Documents: // Content 1,394,669	2,204,961
	c	Investments—corporate bonds (attach schedule).......		List of Attached Documents: // Content 453,147	451,062
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	873,363	2,078,659	2,886,866
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	873,363	2,078,659
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	873,363	2,078,659
	30	Total liabilities and net assets/fund balances (see instructions).	873,363	2,078,659

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

873,363

Enter amount from Part I, line 27a .....................

1,213,752

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

2,087,115

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

8,456

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

2,078,659

(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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	390. AFLAC INC	2018-01-30	2024-06-25
b	600. BANK OZK	2019-01-07	2024-05-29
c	430. CISCO SYS INC	2020-01-08	2023-11-29
d	250. EXPEDITORS INTL WASH INC	2020-01-08	2024-02-27
e	140. JOHNSON & JOHNSON	2020-01-08	2024-06-25
	205. NIKE CORP	2020-01-08	2024-06-25
	9000. NVIDIA CORP	2015-11-04	2024-06-24
	1050. NVIDIA CORP	2015-11-04	2024-06-25
	260. OMNICOM GROUP	2020-01-08	2023-11-29
	230. STARBUCKS CORP	2020-01-08	2024-06-25
	200. SYSCO CORP	2017-01-09	2023-08-24
	150. UNITED PARCEL SERVICE CLASS B	2019-01-07	2024-06-25
	185. MEDTRONIC PLC SHS	2017-01-09	2023-08-24

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	35,124	13,696	21,428
b	24,207	15,207	9,000
c	20,752	13,617	7,135
d	29,668	19,184	10,484
e	20,794	16,764	4,030
	19,750	20,807	-1,057
	1,095,812	6,285	1,089,527
	130,298	733	129,565
	20,636	21,447	-811
	18,271	20,323	-2,052
	13,994	11,150	2,844
	20,349	16,365	3,984
	15,137	13,676	1,461

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			21,428
b			9,000
c			7,135
d			10,484
e			4,030
			-1,057
			1,089,527
			129,565
			-811
			-2,052
			2,844
			3,984
			1,461

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,275,538
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 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	17,769
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	17,769
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	17,769
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	172
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	172
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	17,597
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax0	Refunded	11	0

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
PETER P BROWN	TRUSTEE 2	0
C/O WELCH FORBES LLC 45 SCHOOL ST BOSTON,MA021083204
ANTHONY FOGG	TRUSTEE 2	3,000
150 APPLETON STREET 5A BOSTON,MA02116
JOHN D STEWART	TRUSTEE 2	3,000
32 CAPITOL STREET WATERTOWN,MA02472
LAURENCE LESSER	TRUSTEE 2	3,000
26 WALKER STREET CAMBRIDGE,MA02138

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

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					60,448
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				17,108
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	0
d From 2021......	0
e From 2022......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 72,250
a Applied to 2022, but not more than line 2a				17,108
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					55,142
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					5,306
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	0
c Excess from 2021....	0
d Excess from 2022....	0
e Excess from 2023....	0

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	(e) Total

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

PETER P BROWN
C/O WELCH FORBES LLC 45 SCHOOL ST
BOSTON,MA021803204
(617) 523-1635

bThe form in which applications should be submitted and information and materials they should include:

NO PARTICULAR FORMAT INFO TO INCLUDE: EDUCATION, TRANSCIPTS, LETTER OF RECOMMENDATION FROM PROFESSORS, EVIDENCE OF FNCL NEED, USE OF GRANT

cAny submission deadlines:

NO SUBMISSION DEADLINES

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

MUST BE FOR PERFORMING ARTISTS IN MUSIC FOR POST GRADUATE STUDY ABROAD

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AGATA SOROTOKIN 45 SCHOOL STREET 5TH FLOOR BOSTON,MA02108	NONE	NONE	POST-GRADUATE MUSICAL	16,500
AARON LEVIN 45 SCHOOL STREET 5TH FLOOR BOSTON,MA02108	NONE	NONE	POST-GRADUATE MUSICAL	16,500
MADELEINE LEW 45 SCHOOL STREET 5TH FLOOR BOSTON,MA02108	NONE	NONE	POST-GRADUATE MUSICAL	16,500
BRIAN ISAACS 45 SCHOOL STREET 5TH FLOOR BOSTON,MA02108	NONE	NONE	POST GRADUATE MUSICAL	16,500
SYDNEY NGUYEN 45 SCHOOL ST 5TH FLOOR BOSTON,MA02108	NONE	NONE	POST GRADUATE STUDIES	6,250
Total ................................. 3a				72,250

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

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	(e) Related or exempt function income (See instructions.)
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	139
4 Dividends and interest from securities ....			14	35,816
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,275,538
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) ..				1,311,493

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization FRANK H BEEBE FUND FOR MUSICIANS

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	JAMES FARRINGTON 45 SCHOOL ST 5TH FLOOR BOSTON, MA02108	$ 7,752	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)


(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...................				0

bApproved for future payment

Total ................................. 3b

Name of organization FRANK H BEEBE FUND FOR MUSICIANS		Employer identification number 04-6112830

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
1	11,100 SHARES OF NVIDIA CORP	$ 1,451,658	2024-06-21
(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)


Name of organization FRANK H BEEBE FUND FOR MUSICIANS			Employer identification number 04-6112830
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.) $ Use duplicate copies of Part III if additional space is needed.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FISERV INC DTD 8/21/2023 5.625	152,877	151,265
GENERAL MOTORS CO DTD 8/2/22 5	151,298	150,033
WHIRLPOOL CORP DTD 2/27/24 5.7	148,972	149,764

Name of Stock	End of Year Book Value	End of Year Fair Market Value
APPLE INC	2,533	63,186
VANGUARD HIGH-YIELD CORPORATE	92,667	90,640
PEPSICO INC	31,357	48,984
ECOLAB INC	35,903	48,552
SPDR S & P MIDCAP 400	12,950	53,508
ISHARES INV GR CRP BD	104,427	113,440
CHEVRON CORP NEW	42,343	49,116
FIRST TRUST NORTH AME	36,818	45,690
CISCO SYSTEMS INC
ABBOTT LABORATORIES	41,476	49,357
CHURCH & DWIGHT CO INC	15,162	30,586
HOME DEPOT INC	27,976	48,882
TJX COS INC NEW	24,573	49,545
VISA INC CLASS A	32,463	47,507
MEDTRONIC PLC
CHUBB LIMITED COM	20,256	34,436
AFLAC INC
ABBVIE INC COM	13,256	34,304
AMERICAN EXPRESS CO	23,577	50,015
AUTOMATIC DATA PROCESSING INC	31,715	47,977
CUMMINS INC	16,560	33,232
EMERSON ELECTRIC CO	35,349	50,343
JOHNSON & JOHNSON
MICROSOFT CORP	23,314	75,087
OMNICOM GROUP INC
PROCTOR & GAMBLE CO	35,774	48,981
STRYKER CORP	27,805	50,017
SYSCO CORP
UNITED PARCEL SERVICE CLASS B
TRACTOR SUPPLY CO	14,601	47,250
BANK OZK
GALLAGHER ARTHUR J & CO	17,672	51,862
ACCENTURE PLC A	37,461	49,456
RPM INTERNATIONAL INC	17,226	30,150
NIKE INC CLASS B
STARBUCKS CORP
MOODYS CORP	20,665	35,779
MERCK & CO INC	39,113	46,549
CARLISLE COS INC	19,871	50,651
CINTAS CORP	20,376	52,520
EXPEDITORS INTERNATIONAL INC
ROPER TECHNOLOGIES INC	39,053	50,166
WATSCO INC	17,769	46,324
ORACLE CORP	18,903	49,420
ALPHABET INC CAP STK CL C	76,073	76,119
AMAZON COM INC	51,156	49,858
COSTCO WHOLESALE CORP NEW	50,268	50,149
META PLATFORMS INC CL A	50,921	50,422
ISHARES S&P 100	75,455	75,590
JP MORGAN CHASE & CO	49,961	50,767
NVIDIA CORP	733	129,717
XYLEM INC	49,138	48,827

Description	Amount
INCOME TAXED AT 6/30, RECEIVED LATER	1,018
ACCRUED INTEREST TAXED BUT NOT RECEIVED	7,437
ACCOUNTING ADJ. ROUNDING	1

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