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
SHEAR FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)103 GAMMA DRIVE STE 120 120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15238
A Employer identification number

47-1833006
B Telephone number (see instructions)

(412) 580-6297
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$212,791,424J 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) 100,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,427,440 1,427,440  
4 Dividends and interest from securities... 3,113,223 3,113,223  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,210,526
b Gross sales price for all assets on line 6a 11,156,430
7 Capital gain net income (from Part IV, line 2)... 2,009,909
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
-1,176,981 -1,664,020  
12 Total. Add lines 1 through 11........ 5,674,208 4,886,552  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 103,500 0   103,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 13,070 0   13,070
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,038,818 927,794   868,465
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
528,002 228,002   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,408,230 1,973,068   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,091,620 3,128,864   985,035
25 Contributions, gifts, grants paid....... 9,086,800 9,086,800
26 Total expenses and disbursements. Add lines 24 and 25 14,178,420 3,128,864   10,071,835
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,504,212
b Net investment income (if negative, enter -0-) 1,757,688
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............. 766,859    
2 Savings and temporary cash investments......... 6,730,188 3,246,934 3,246,934
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.......... 243,635 334,303 334,303
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 67,615,125 Click to see attachment
List of Attached Documents:
// Content
73,156,663 		73,156,663
c Investments—corporate bonds (attach schedule)....... 1,135,949 0 0
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).......... 131,271,029 Click to see attachment
List of Attached Documents:
// Content
136,053,524 		136,053,524
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) 207,762,785 212,791,424 212,791,424
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 207,762,785 212,791,424
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    
29 Total net assets or fund balances (see instructions)..... 207,762,785 212,791,424
30 Total liabilities and net assets/fund balances (see instructions). 207,762,785 212,791,424
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
207,762,785
2
Enter amount from Part I, line 27a .....................
2
-8,504,212
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
13,532,851
4
Add lines 1, 2, and 3 ..........................
4
212,791,424
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
212,791,424
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 PUBLICLY TRADED SECURITIES - LONG TERM P    
b PUBLICLY TRADED SECURITIES - SHORT TERM P    
c ALTERNATIVE INVESTMENTS P    
d
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 9,768,505   8,681,510 1,086,995
b 262,920   264,394 -1,474
c 1,125,005   200,617 924,388
d
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       1,086,995
b       -1,474
c       924,388
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 2,009,909
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 24,432
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 24,432
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 24,432
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 224,372
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 224,372
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 199,940
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow199,940 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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 arrowPA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowRICK ROADARMEL Telephone no.right arrow (412) 580-6297

Located atright arrow103 GAMMA DRIVEPITTSBURGHPA ZIP+4right arrow15238
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
BARBARA S SHEAR PRESIDENT
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
GERALD A SHEAR VICE PRESIDENT
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
JOHN A SHEAR VICE PRESIDENT
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
HERBERT S SHEAR TREASURER
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
RICHARD L ROADARMEL ASST. SECR./ASST. TREASURER
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
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
ANN FELTER EXECUTIVE DIRECTOR (
40.00 		103,500 5,152 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
SHEAR FAMILY OFFICE MANAGEMENT 1,171,813
103 GAMMA DRIVE
PITTSBURGH,PA15238
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
70,609,466
b
Average of monthly cash balances.......................
1b
6,571,781
c
Fair market value of all other assets (see instructions)................
1c
135,849,401
d
Total (add lines 1a, b, and c).........................
1d
213,030,648
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
213,030,648
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,195,460
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
209,835,188
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,491,759
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
10,491,759
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
24,432
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
6,845
c
Add lines 2a and 2b............................
2c
31,277
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,460,482
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
10,460,482
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
10,460,482
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
10,071,835
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
10,071,835
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 10,460,482
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 9,618,725
b Total for prior years:20 , 20, 20 0
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 ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 10,071,835
a Applied to 2022, but not more than line 2a 9,618,725
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..... 453,110
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 .......... 		10,007,372
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....  
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).)
BARBARA S SHEAR
GERALD A SHEAR
JOHN A SHEAR
HERBERT S SHEAR
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

AMATEUR HOCKEY ASSOC ILLINOIS INC

859 OAKTON STREET
ELK GROVE,IL60007 		N/A PC EQUIPMENT 5,000

AMERIAN ISRAEL EDUCATION FUND

251 H ST NW
WASHINGTON,DC20001 		N/A PC GENERAL SUPPORT 400,000

AMERICAN FRIENDS OF ISRAEL SPORT CENTER FOR THE DISABLED

1 NORTHFIELD PLAZA STE 300
NORTHFIELD,IL60093 		N/A PC REHABILITATION- PHYSICAL AND EMOTIONAL THROUGH SPORTS 125,000

AMERICAN FRIENDS OF LEKET ISRAEL INC

PO BOX 2090
TEANECK,NJ07666 		N/A PC FOOD INSECURITY 550,000

AMERICAN FRIENDS OF MAGEN DAVID ADOM

3300 PGA BLVD STE 970
PALM BEACH GARDENS,FL33410 		N/A PC MOBILE INTENSIVE CARE UNIT 150,800

AMERICAN RED CROSS

PO BOX 37839
BOONE,IA50037 		N/A PC MAUI FIRE RELIEF 5,000

AMERICAN TECHNION

30 N LASALLE STREET SUITE 1515
CHICAGO,IL60602 		N/A PC ASSISTANCE FOR MECHANICAL ENGINEERING 15,000

ARKANSAS FOOD BANK

4301 W 65TH AVE
LITTLE ROCK,AR72209 		N/A PC FOOD INSECURITY 50,000

BIG BROTHERS BIG SISTERS OF UTAH

2121 SOUTH STATE STREET
SALT LAKE CITY,UT84115 		N/A PC MENTORING PROGRAM 25,000

BOY SCOUTS OF AMERICA

1275 BEDFORD AVE
PITTSBURGH,PA15219 		N/A PC SENECA DISTRICT FRIENDS OF SCOUTING 10,000

BUTLER COUNTY HUMANE SOCIETY

1015 EVANS CITY RD
RENFREW,PA16053 		N/A PC ANIMAL RESCUE SUPPORT 5,000

CENTRAL FUND OF ISRAEL

461 CENTRAL AVENUE
CEDARHURST,NY11516 		N/A PC CYBERWELL OPERATING SUPPORT 150,000

CHARLES SCHWAB CHARITABLE FUND

103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238 		N/A PC GENERAL SUPPORT 655,800

CHILDREN'S HOSPITAL OF CHICAGO

225 E CHICAGO AVE
CHICAGO,IL60611 		N/A PC PRECISION MEDICINE ONCOLOGY 175,000

CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION

4401 PENN AVE
PITTSBURGH,PA15224 		N/A PC THE PITTSBURGH STUDY (TPS) LAUNCH 250,000

CHUCK NOLL FOUNDATION

3400 S WATER STREET
PITTSBURGH,PA15203 		N/A PC BRAIN RESEARCH 50,000

CLUBHOUSE SUMMIT COUNTY

PO BOX 680861
PARK CITY,UT84068 		N/A PC MENTAL ILLNESS SUPPORT 25,000

CONNECTING CHAMPIONS

6101 PENN AVENUE SUITE 201
PITTSBURGH,PA15206 		N/A PC CANCER JOURNEY SUPPORT 75,000

DUQUESNE UNIVERSITY

600 FORBES AVE
PITTSBURGH,PA15282 		N/A PC CENTER FOR INTEGRATIVE HEALTH 250,000

EAST UNION PRESBYTERIAN CHURCH

292 EAST UNION ROAD
CHESWICK,PA15024 		N/A PC WALNUT GROVE- CHILD CARE FACILITY 10,000

EDINBORO UNIVERSITY FOUNDATION

219 MEADVILLE STREET
EDINBORO,PA16444 		N/A PC FOOTBALL PROGRAM SUPPORT 10,000

ERADICATE HATE GLOBAL SUMMIT

454 44TH STREET
PITTSBURGH,PA15201 		N/A PC SUPPORT FOR SUMMIT 200,000

FLORIDA ATLANTIC UNIVERSITY FOUNDATION

111 EAST LAS OLAS BLVD SUITE 1007B
FORT LAUDERDALE,FL33301 		N/A PC VETERAN CANINE SUPPORT 4,600

FOUNDATION FOR THE DEFENSE OF DEMOCRACIES

PO BOX 332489
WASHINGTON,DC20033 		N/A PC GENERAL CAMPAIGN 244,200

FRIENDS OF IR DAVID

575 LEXINGTON AVE
NEW YORK,NY10022 		N/A PC OPERATING GRANT 300,000

FRIENDS OF THE DANIEL CENTERS FOR PROGRESSIVE JUDIASM

5630 WISCONSIN AVE APT 1601
CHEVY CHASE,MD20815 		N/A PC ISRAELI CAUSES 60,000

FRIENDS OF THE ISRAELI DEFENSE FORCES

29 EAST MADISON ST
CHICAGO,IL60602 		N/A PC GENERAL CAMPAIGN 408,500

FRIENDSHIP CIRCLE OF LAS VEGAS

1261 ARVILLE ST
LAS VEGAS,NV89102 		N/A PC MENTAL HEALTH SUPPORT 15,000

GRANT A GIFT AUTISM

630 S RANCHO DR STE D
LAS VEGAS,NV89106 		N/A PC FAMILY SUPPORT 25,000

GREATER CHICAGO FOOD DEPOSITORY

4100 W 42ND PLACE
CHICAGO,IL60632 		N/A PC FOOD INSECURITY 175,000

GREATER PITTSBURGH COMMUNITY FOODBANK

1 LINDEN STREET
DUQUESNE,PA15110 		N/A PC FOOD INSECURITY 300,000

HEALTHNETWORK FOUNDATION

33 RIVER ST
CHAGRIN FALLS,OH44022 		N/A PC MISSION & LONG RANGE STABILITY 75,000

INTERMOUNTAIN HEALTHCARE FOUNDATION

36 SOUTH STATE STREET
SALT LAKE CITY,UT84111 		N/A PC CORONAVIRUS SUPPORT 75,000

INVISION FOUNDATION

12450 PERRY HIGHWAY
WEXFORD,PA15090 		N/A PC SPECIAL NEEDS SUPPORT 5,200

ISRAEL GUIDE DOG ASSOC

968 EASTON RD SUITE H
WARRINGTON,PA18976 		N/A PC GUIDE DOGS FOR BLIND 2,500

JCFS CHICAGO

3145 W PRATT BLVD
CHICAGO,IL60645 		N/A PC DUMAN OPPORTUNITY CENTER 75,000

JEWISH FAMILY & CHILDREN'S SERVICES OF PITTSBURGH

5743 BARTLETT ST
PITTSBURGH,PA15217 		N/A PC FAMILY SUPPORT 300,000

JEWISH NATIONAL FUND

60 REVERE DR SUITE 840
NORTHBROOK,IL60062 		N/A PC LOTEM, VARIOUS PROGRAMS 500,000

JEWISH NATIONAL FUND

902 CLINT MOORE RD- STE 128
BOCA RATON,FL33487 		N/A PC SPECIAL IN UNIFORM, FIREFIGHTERS 72,000

JOEY'S PAW

301 BELMONT RD
BUTLER,PA15006 		N/A PC WHEELCHAIR/PROSTHETICS FUND 5,000

KIDS VOICE

437 GRANT ST FRICK BLDG SUITE 700
PITTSBURGH,PA15219 		N/A PC MENTAL HEALTH SUPPORT 5,000

LANCASTER COUNTY ART ASSOCIATION

149 PRECISION AVE
STRASBURG,PA17579 		N/A PC PROGRAM SUPPORT 5,200

LIGHT OF LIFE MISSION

913 WESTERN AVE
PITTSBURGH,PA15233 		N/A PC MINISTRIES 30,000

LIVE LIKE SAM INSTITUTE

1034 STATION LOOP ROAD
PARK CITY,UT84098 		N/A PC YOUTH SUPPORT 50,000

MAGIC IN THE TREES

424 WEST END AVE APT 2J
NEW YORK,NY10024 		N/A PC CAMP ROBINHOOD 7,000

MAKE A WISH GREATER PA AND WV

GULF TOWER
PITTSBURGH,PA15219 		N/A PC IN MEMORY OF JEFFREY STUCKLEY 5,000

MAUI FOOD BANK

760 KOLU STREET
WAILUKU,HI96793 		N/A PC MAUI FIRE RELIEF 50,000

NATIONAL ALLIANCE ON MENTAL ILLNESS (NAMI)

4301 WILSON BLVD SUITE 300
ARLINGTON,VA22203 		N/A PC ENHANCE TELEHEALTH/CONFERENCE SOFTWARE AND EQUIP- HOTLINE 102,500

NATIONAL ALLIANCE ON MENTAL ILLNESS (NAMI)

4525 S SANDHILL RD AUITE 116
LAS VEGAS,NV89121 		N/A PC MENTAL ILLNESS SUPPORT 125,000

NEIGHBORS FOR NEIGHBORS

119 PRESERVE VALLEY DRIVE
CRANBERRY TWP,PA16066 		N/A PC HOLIDAY SEASON SUPPORT FOR NEEDY CHILDREN 10,000

NEVADA MEDICAL CENTER

325 S MARYLAND PKWY
LAS VEGAS,NV891015320 		N/A PC HOPE MEANS NEVADA 10,000

ORPHANS OF THE STORE

PO BOX 838
KITTANING,PA16201 		N/A PC ANIMAL RESCUE SUPPORT 5,000

PALM BEACH POLICE AND FIRE FOUNDATION

139 N COUNTY RD
PALM BEACH,FL33480 		N/A PC PROGRAM SUPPORT 100,000

PARK CITY COMMUNITY FOUNDATION

PO BOX 681499
PARK CITY,UT84068 		N/A PC MENTAL HEALTH, SUBSTANCE ABUSE SUPPORT 10,000

PARK CITY EDUCATION FOUNDATION

PO BOX 681422
PARK CITY,UT84068 		N/A PC TEACHER AND STUDENT SUPPORT 10,000

PEGGY ADAMS ANIMAL RESCUE LEAGUE

3200 N MILITARY TRAIL
WEST PALM BEACH,FL33409 		N/A PC ANIMAL RESCUE SUPPORT 30,000

SECURE COMMUNITY NETWORK

350 WEST HUBBARD ST
CHICAGO,IL60654 		N/A PC JEWISH COMMUNITY SECURITY 111,000

SENECA VALLEY THEATER BOOSTERS

PO BOX 95
EVANS CITY,PA16033 		N/A PC SUPPORT DRAMA PRODUCTIONS SENECA VALLEY SD 5,000

SENIOR HEARTS RESCUE AND RENEWAL

PO BOX 187
BRADFORDWOODS,PA15015 		N/A PC ANIMAL RESCUE SUPPORT 5,000

SHALVA

PO BOX 46375
CHICAGO,IL60646 		N/A PC DOMESTIC ABUSE SUPPORT 50,000

SHELTERS HELPERS OF PITTSBURGH

2205 RAMSEY RD
MONROEVILLE,PA15146 		N/A PC ANIMAL RESCUE SUPPORT 5,000

SPECIAL OLYMPICS OF PA

200 CEDAR RIDGE DR STE 214
PITTSBURGH,PA15205 		N/A PC DISABLED ATHLETES 5,000

SUMMIT LAND CONSERVANCY

PO BOX 1775
PARK CITY,UT84060 		N/A PC LAND PRESERVATION 55,000

TEMPLE SINAI

5505 FORBES AVE
PITTSBURGH,PA15217 		N/A PC JEWISH CAUSES 5,000

THE ANTI CRUELTY SOCIETY

157 W GRAND AVE
CHICAGO,IL60654 		N/A PC KENNEL SPONSORSHIP 5,000

THE ARK

6450 NORTH CALIFORNIA
CHICAGO,IL60645 		N/A PC FOOD INSECURITY 50,000

THE CRANBERRY CUP

PO BOX 1614
CRANBERRY TWP,PA16060 		N/A PC ASSISTANCE FAMILIES IN NEED 25,000

THREE SQUARE FOOD BANK

4190 N PECOS RD
LAS VEGAS,NV89115 		N/A PC FOOD INSECURITY 150,000

TRAVIS MILLS FOUNDATION

647 CASTLE ISLAND ROAD
MOUNT VERNON,ME04352 		N/A PC VETERANS SUPPORT 5,000

UCLA FOUNDATION

760 WESTWOOD PLAZA
LOS ANGELES,CA90095 		N/A PC CAPPS RESEARCH 247,500

UNIVERSITY OF COLORADO

1800 N GRANT ST ATE 725
DENVER,CO80203 		N/A PC MEDICAL RESEARCH 350,000

UNIVERSITY OF NEVADA LAS VEGAS

4505 S MARYLAND PKWY
LAS VEGAS,NV89154 		N/A PC THE PRACTICE - MENTAL HEALTH TRAINING CLINIC 400,000

UNIVERSITY OF PITTSBURGH

116 ATWOOD STREET
PITTSBURGH,PA15260 		N/A PC VARIOUS PROGRAMS 1,150,000

WEST PALM BEACH CENTER FOR ARTS & TECHNOLOGY

PO BOX 3952
WEST PALM BEACH,FL33402 		N/A PC EXECUTIVE DIRECTOR SALARY 75,000
Total .................................right arrow 3a 9,086,800
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,427,440  
4 Dividends and interest from securities ....     14 3,113,223  
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 ............ 		900001 200,617 14 2,009,909  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASSTHROUGH INCOME FROM K-1S 		900001 577,707 01 -1,664,020  
bOTHER INCOME/(LOSS)         -90,668
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 778,324 4,886,552 -90,668
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,574,208
(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.)
11B OTHER INCOME RELATED TO FURTHURING THE FOUNDATION'S EXEMPT PURPOSE
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
SHEAR FAMILY FOUNDATION INC
 
Employer identification number

47-1833006
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
SHEAR FAMILY FOUNDATION INC
  		Employer identification number
47-1833006
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
HERBERT S AND BARBARA S SHEAR
2660 S OCEAN BLVD APT NO 503 W
 
PALM BEACH, FL33480

$ 100,000


(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.)
(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
SHEAR FAMILY FOUNDATION INC
  		Employer identification number

47-1833006
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
SHEAR FAMILY FOUNDATION INC
  		Employer identification number

47-1833006
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


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Software Version:  

TY 2023 GeneralExplanationAttachment
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Identifier Return Reference Explanation
  FORM 990-PF, PART VII, LINE 1 ANN FELTER IS AN EMPLOYEE OF THE SHEAR FAMILY OFFICE, AND, AS A RESULT, THE SHEAR FAMILY OFFICE PAYS HER SALARY AND BENEFITS. THE SHEAR FAMILY FOUNDATION HAS NO EMPLOYEES, AND CONTRACTS WITH THE SHEAR FAMILY OFFICE'S EMPLOYEES TO PROVIDE ITS SERVICES. THE SALARY AND BENEFIT AMOUNTS LISTED IN PART VII, LINE 2 ARE ALSO REFLECTED IN PART VII, LINE 3 OF FORM 990-PF UNDER COMPENSATION PAID TO THE SHEAR FAMILY OFFICE FOR CONTRACTED SERVICES.

TY 2023 InvestmentsCorpStockSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Name of Stock End of Year Book Value End of Year Fair Market Value
1,081 SHS ISHARES MICRO CAP ETF 125,428 125,428
1,811 SHS VANGUARD SM CAP GROWTH 437,845 437,845
634 SHS VANGUARD SM CAP ETF 135,251 135,251
3,475 SHS VANGUARD SM CAP VALUE ETF 625,396 625,396
24,000 SHS ALPHABET INC. 3,382,320 3,382,320
8,000 SHS BERKSHIRE HATHAWAY 2,853,280 2,853,280
17,000 SHS CHEVRON CORPORATION 2,535,720 2,535,720
30,000 SHS CISCO SYSTEMS INC 1,515,600 1,515,600
35,000 SHS CITIGROUP INC 1,800,400 1,800,400
45,000 SHS CORNING INC 1,370,250 1,370,250
32,000 SHS CVS HEALTH CORP 2,526,720 2,526,720
30,000 DUPONT DE NEMOURS INC 2,307,900 2,307,900
7,000 SHS FEDEX CORPORATION 1,770,790 1,770,790
20,000 SHS FISERV INC 2,656,800 2,656,800
60,000 SHS GENERAL MOTORS CO 2,155,200 2,155,200
30,000 SHS INTL FLAVORS& FRAGRA 2,429,100 2,429,100
10,000 SHS JOHNSON & JOHNSON 1,567,400 1,567,400
20,000 SHS JP MORGAN CHASE & CO 3,402,000 3,402,000
8,000 SHS MICROSOFT CORP 3,008,320 3,008,320
50,000 SHS PFIZER INCORPORATED 1,439,500 1,439,500
18,000 SHS QUALCOMM INC 2,603,340 2,603,340
37,000 SHS VANGUARD FTSE DEV MKTS 1,772,300 1,772,300
107,000 SHS VANGUARD FTSE EMER MKTS ETF 4,397,700 4,397,700
15,000 SHS VANGUARD FTSE EUROPE 967,200 967,200
1,690 SHS ABBOTT LABS 186,018 186,018
955 SHS ACCENTURE PLC IRELAND CL A 335,119 335,119
1,967 SHS ADVANCED MICRO DEVICES INC 289,955 289,955
6,291 SHS ALPHABET INC CL A 878,790 878,790
6,800 SHS AMAZON.COM INC 1,033,192 1,033,192
1,251 SHS AMERICAN TOWER CORP REIT 270,066 270,066
525 SHS AMERIPRISE FINANCIAL INC 199,411 199,411
4,713 SHS APPLE INC 907,394 907,394
1,592 SHS APPLIED MATERIALS INC 258,015 258,015
190 SHS ASML HLDG NV SPON ADR 143,815 143,815
3,325 SHS BOSTON SCIENTIFIC CORP 192,218 192,218
176 SHS BROADCOM INC 196,460 196,460
96 SHS CHIPOTLE MEXICAN GRILL INC CL A 219,548 219,548
4,429 SHS COCA COLA CO 261,001 261,001
430 SHS COSTCO WHOLESALE CORP 283,834 283,834
492 SHS DANAHER CORP 113,819 113,819
658 SHS HONEYWELL INTL INC 137,989 137,989
516 SHS INTUIT 322,515 322,515
566 SHS INTUITIVE SURGICAL INC 190,946 190,946
789 SHS LILLY ELI & CO 459,924 459,924
684 SHS MASTERCARD INC CL A 291,733 291,733
1,791 META PLATFORMS INC CL A 633,942 633,942
4,640 SHS MICROSOFT CORP 1,744,826 1,744,826
2,086 SHS NIKE INC 226,477 226,477
203 SHS O REILLY AUTOMOTIVE INC 192,866 192,866
664 SHS PALO ALTO NETWORKS INC 195,800 195,800
374 SHS PARKER HANNIFIN CORP 172,303 172,303
404 SHS ROCKWELL AUTOMATION INC NEW 125,434 125,434
435 SHS S&P GLOBAL INC 191,626 191,626
1,358 SHS SALESFORCE.COM INC 357,344 357,344
2,977 SHS SCHLUMBERGER LTD NETHERLANDS ANTILLES 154,923 154,923
825 SHS SHERWIN WILLIAMS CO 257,318 257,318
364 SHS THERMO FISHER SCIENTIFIC INC 193,208 193,208
3,149 SHS TJX COS INC NEW 295,408 295,408
1,001 SHS UNION PACIFIC CORP 245,866 245,866
731 SHS UNITEDHEALTH GROUP INC 384,850 384,850
1,760 SHS VISA INC CL A 458,216 458,216
2,795 SHS ISHARES MSCI EAFE ETF 210,603 210,603
1,593 SHS ISHARES RUSSELL TOP 200 GROWTH ETF 279,125 279,125
4,619 SHS VANGUARD GROWTH ETF 1,435,955 1,435,955
2,169 SHS VANGUARD SMALL CAP GROWTH ETF 524,399 524,399
32,000 SHS ANTERO MIDSTREAM CORP 400,960 400,960
7,600 SHS ANTERO RESOURCES COR 172,368 172,368
15,600 SHS CENTERPOINT ENERGY INC 445,692 445,692
3,200 SHS CHENIERE ENERGY INC 546,272 546,272
10,600 SHS CLEARWAY ENERGY INC. 290,758 290,758
2,000 SHS DT MIDSTREAM INC. 109,600 109,600
10,600 SHS KINETIK HOLDINGS INC. 354,040 354,040
12,600 SHS NEW FORTRESS ENERGY A 475,398 475,398
2,500 SHS NEXTERA ENERGY INC 151,850 151,850
4,000 SHS ONEOK INC. 280,880 280,880
4,800 SHS SEMPRA 358,704 358,704
16,400 SHS TARGA RESOURCES CORP. 1,424,668 1,424,668
27,600 SHS WILLIAMS COMPANIES 961,308 961,308
5,000 SHS NEXTERA ENERGY PARTNER LP 152,050 152,050
129,136.67 SHS SCHWAB US TRSY MONEY INV 10,085 10,085
4,748 SHS VANGUARD FTSE ALL WORLD EX US ETF 266,553 266,553
5,799 SHS VANGUARD FTSE DEVELOPED MARKETS ETF 277,772 277,772
5,699 SHS VANGUARD FTSE EMERGING MARKETS ETF 234,229 234,229
2,224 SHS VGRD FTSE ALL WRLD EX US SML CAP ETF 255,827 255,827
9,760 SHS ISHARES CORE HIGH DIVIDEN ETF 995,422 995,422
3,341 SHS ISHARES IBOXX HIGH YIELD BOND ETF 258,560 258,560
8,720 SHS ISHARES INTERNATIONAL DIV ETF 244,073 244,073
7,486 SHS ISHARES PREFERRED INCOME SEC ETF 233,488 233,488
6,810 SHS VANGUARD VALUE ETF 1,018,095 1,018,095

TY 2023 InvestmentsOtherSchedule2
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CERBERUS VI PRIVATE INVESTORS FMV 3,556,943 3,556,943
OAKTREE OPP DIRECT OFF FMV 3,931,163 3,931,163
1899 PENN - WASHINGTON DC (XXXX) USD FMV 100,000 100,000
406 VENTURES V FMV 104,123 104,123
406 VENTURES IV FMV 900,992 900,992
406 VENTURES OPPORTUNITY FUND I FMV 1,233,178 1,233,178
406 VENTURES OPPORTUNITY FUND II FMV 612,501 612,501
406 VENTURES RELTIO SPV (WRANGLER TOO) (XXXX) USD FMV 100,000 100,000
AG DIRECT LENDING FUND II FMV 911,117 911,117
AKKR CREDIT FUND II FMV 544,705 544,705
AKKR EMERGING BUYOUT PARTNERS FMV 566,893 566,893
AKKR GROWTH CAPITAL FUND IV FMV 497,808 497,808
BAYPINE CAPITAL PARTNERS FUND I (XXXX) USD FMV 597,881 597,881
BLACKROCK APCO FMV 725,778 725,778
CEDAR STREET FMV 4,384,302 4,384,302
CEDAR STREET INT'L SMALL CAP FUND (XXXX) USD FMV 2,137,084 2,137,084
CHARLESTON- MCP (XXXX) USD FMV 1,793,074 1,793,074
CHICAGO VENTURES FUND III FMV 943,202 943,202
CHICAGO VENTURES OPPORTUNITY FUND I FMV 790,234 790,234
COATUE GROWTH FUND V (XXXX) USD FMV 1,197,733 1,197,733
CORMORANT HEALTHCARE FUND I FMV 1,897,817 1,897,817
CORMORANT HEALTHCARE FUND III FMV 1,243,010 1,243,010
CORMORANT HEALTHCARE II FMV 3,104,386 3,104,386
DECLARATION RE FUND I (XXXX) USD FMV 852,908 852,908
DIVERSIFIED CASSIDY TIRE (XXXX) USD FMV 1,999,974 1,999,974
ENERGY TRANSFER FMV 883,200 883,200
ENERGIZE - URBINT (XXXX) USD FMV 498,370 498,370
ENERGIZE VENTURES II (XXXX) USD FMV 1,364,797 1,364,797
ENLIGHTENMENT CAPITAL FUND III FMV 3,646,483 3,646,483
ENLIGHTENMENT CAPITAL FUND IV FMV 1,483,151 1,483,151
ENTERPRISE PARTNERS FMV 1,106,700 1,106,700
FIRST BOSTON (XXXX) USD FMV 1,022,163 1,022,163
GAUZY FUND FMV 95,113 95,113
GOTHAM GREENS FMV 524,521 524,521
GRAYCLIFF LLC FMV 3,097,116 3,097,116
GREENBRIAR FUND IV FMV 5,121,001 5,121,001
GREENBRIAR FUND V (XXXX) USD FMV 2,326,101 2,326,101
GREENBRIAR FUND VI (XXXX) USD FMV 340,837 340,837
GREENBRIAR- SUN AUTO (XXXX) USD FMV 432,274 432,274
IRRADIANT (KAYNE) RENEWABLE OPPORTUNITIES P FMV 364,890 364,890
KAIROS - PROVIVI (XXXX) USD FMV 52,218 52,218
KAIROS VENTURE OPORTUNITIES I FMV 452,083 452,083
KAIROS VENTURE PARTNERS II FMV 1,339,219 1,339,219
KARED IV (XXXX) USD FMV 1,394,472 1,394,472
KAYNE ANDERSON (KAREP5) FMV 1,160,116 1,160,116
KAYNE ANDERSON ENERGY FUND VIII FMV 1,764,302 1,764,302
KAYNE PARTNERS FUND IV FMV 2,609,990 2,609,990
KCORE FMV 4,179,834 4,179,834
KCRED FMV 1,358,676 1,358,676
KKR ACCEL FMV 1,508,978 1,508,978
KKR AMERICA'S FUND FMV 6,255,260 6,255,260
KKR ASIAN FUND FMV 2,427,793 2,427,793
LOGISTA OFFSHORE FUND FMV 2,676,771 2,676,771
MANIV MOBILITY FMV 2,943,304 2,943,304
MANNA TREE NUTRITION II (XXXX) USD FMV 1,280,462 1,280,462
MCP CHARLESTON FMV 3,924,498 3,924,498
MERIDIAN STREET III (XXXX) USD FMV 690,198 690,198
MESIROW FMV 117,050 117,050
NEBARI GOLD FUND 1 (XXXX) USD FMV 1,384,716 1,384,716
NEBARI NATURAL RESOURCES CREDIT FUND I FMV 909,910 909,910
NEWROAD CAPITAL FUND IV FMV 588,747 588,747
NEWROAD FUND III FMV 1,937,079 1,937,079
NEXUS FUND III (XXXX) USD FMV 617,476 617,476
NOEMIS VENTURES I (XXXX) USD FMV 872,621 872,621
OAKTREE EMERGING MARKET DEBT FUND FMV 2,555,479 2,555,479
OAKTREE GLOBAL CREDIT FUND FMV 2,048,681 2,048,681
OAKTREE LIFE SCIENCES FUND (XXXX) USD FMV 721,535 721,535
OAKTREE OPPORTUNITIES FUND XI FMV 1,007,052 1,007,052
OAKTREE SPECIAL SITUATIONS FUND II FMV 2,330,881 2,330,881
OAKTREE SPECIAL SITUATIONS FUND III FMV 510,566 510,566
ORBIMED ISRAEL PARTNERS II FMV 2,148,389 2,148,389
OWL VENTURES BYJU (XXXX) USD FMV 16 16
OWL VENTURES FUND V (XXXX) USD FMV 569,400 569,400
OWL VENTURES OPPORTUNITY FUND II (XXXX) USD FMV 628,680 628,680
OWL VENTURES PARTNERSHIP HOLDINGS III (XXXX) USD FMV 446,949 446,949
PEMBROKE ALVISTA FMV 1,740,369 1,740,369
PENNTEX SFO I FMV 2,069,441 2,069,441
PFMP-KF77 FMV 655,373 655,373
PRIDEROCK MULTI FAMILY DEBT FMV 637,969 637,969
PRIDEROCK PFMP K1508 FMV 761,890 761,890
PRIDEROCK PFMP-KF61 FMV 948,897 948,897
PRIDEROCK PFMP-KF96 (XXXX) USD FMV 695,504 695,504
RED BIRD FC HOLDINGS CV FMV 499,834 499,834
RED BIRD PARTNER FUND IV FMV 1,357,656 1,357,656
SANDALWOOD VIOLA OPP FUND I FMV 454,577 454,577
SANDBRIDGE CONSUMER FUND III FMV 504,551 504,551
SCULPTOR RE CREDIT FUND I FMV 329,520 329,520
SCULPTOR RE CREDIT FUND II FMV 851,451 851,451
SILVERVIEW SPECIAL SITUATIONS LENDING FUND FMV 1,538,622 1,538,622
SKY9 CAPITAL MVP FUND FMV 456,199 456,199
SKY9 FUND IV FMV 1,419,986 1,419,986
SKY9 FUND V (XXXX) USD FMV 645,199 645,199
SKY9 MVP FUND II (XXXX) USD FMV 153,466 153,466
SPRUCE CAPITAL FUND III FMV 1,500,000 1,500,000
SPRUCE CAPITAL FMV 1,500,062 1,500,062
STARTING LINE FUND II (XXXX) USD FMV 973,853 973,853
SVB CAPITAL FUND V (XXXX) USD FMV 1,949,092 1,949,092
VELOCITY FUND FMV 833,653 833,653
WESTERN GAS FMV 1,129,436 1,129,436

TY 2023 OtherExpensesSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 118,118 118,118   0
OTHER K-1 EXPENSES 2,290,112 1,854,950   0


TY 2023 OtherIncomeSchedule2
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH INCOME FROM K-1S -1,086,313 -1,664,020 -1,086,313
OTHER INCOME/(LOSS) -90,668   -90,668


TY 2023 OtherIncreasesSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Description Amount
UNREALIZED GAIN/(LOSS) 13,532,851


TY 2023 OtherProfessionalFeesSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 983,575 741,016   0
SFO MANAGEMENT FEES 1,055,243 186,778   868,465


TY 2023 TaxesSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 300,000 0   0
FOREIGN TAXES 58,425 58,425   0
STATE TAXES 169,577 169,577   0