Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE BRUCE E AND ROBBI S TOLL FOUNDATION
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)754 SOUTH COUNTY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALM BEACH, FL33480
A Employer identification number

23-2667935
B Telephone number (see instructions)

(215) 938-8222
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$44,357,469J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 603,853 603,853  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,241,638
b Gross sales price for all assets on line 6a 17,743,109
7 Capital gain net income (from Part IV, line 2)... 1,239,034
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
-223,264 -122,596  
12 Total. Add lines 1 through 11........ 1,622,227 1,720,291  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,584 7,584   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
572,413 507,683   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 579,997 515,267   0
25 Contributions, gifts, grants paid....... 2,391,084 2,391,084
26 Total expenses and disbursements. Add lines 24 and 25 2,971,081 515,267   2,391,084
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,348,854
b Net investment income (if negative, enter -0-) 1,205,024
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............. 862,674 289,479 289,479
2 Savings and temporary cash investments......... 1,508,794 677,148 677,148
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,352,373 0 0
b Investments—corporate stock (attach schedule)....... 26,089,972 Click to see attachment
List of Attached Documents:
// Content
21,605,753 		20,762,117
c Investments—corporate bonds (attach schedule)....... 8,054,189 Click to see attachment
List of Attached Documents:
// Content
8,169,458 		10,671,883
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).......... 6,169,272 Click to see attachment
List of Attached Documents:
// Content
10,585,322 		12,380,752
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
-789,534 		Click to see attachment
List of Attached Documents:
// Content
-423,910 		Click to see attachment
List of Attached Documents:
// Content
-423,910
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 43,247,740 40,903,250 44,357,469
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
32,250
23 Total liabilities (add lines 17 through 22)......... 0 32,250
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........... 43,247,740 40,871,000
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)..... 43,247,740 40,871,000
30 Total liabilities and net assets/fund balances (see instructions). 43,247,740 40,903,250
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
43,247,740
2
Enter amount from Part I, line 27a .....................
2
-1,348,854
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
41,898,886
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,027,886
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
40,871,000
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 SHORT TERM CAPITAL GAINS FROM K-1S P 2023-01-01 2023-12-31
b LONG TERM CAPITAL GAINS FROM K1 P 2022-01-01 2023-12-31
c SECTION 1231 GAINS/LOSS FROM K-1S P 2022-01-01 2023-12-31
d UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - LONG-TERM CAPITAL GAINS/LOSS P 2022-01-01 2023-12-31
e UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - SHORT-TERM CAPITAL GAINS/LOSS P 2023-01-01 2023-12-31
UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - SHORT-TERM CAPITAL GAINS/LOSS P 2022-01-01 2023-12-31
MERRILL LYNCH X04G26 P 2023-01-01 2023-12-31
MERRILL LYNCH X04G26 P 2022-01-01 2023-12-31
MERRILL LYNCH X04G26 P 2022-01-01 2023-12-31
MERRILL LYNCH X04013 P 2023-01-01 2023-12-31
MERRILL LYNCH X04013 P 2022-01-01 2023-12-31
MERRILL LYNCH X02180 P 2023-01-01 2023-12-31
MERRILL LYNCH X02180 P 2022-01-01 2023-12-31
MERRILL LYNCH X02180 P 2022-01-01 2023-12-31
CHARLES SCHWAB P 2022-01-01 2023-12-31
CAPITAL GAINS DIVIDENDS P    
(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 3,167     3,167
b 174,923     174,923
c 4,948     4,948
d 845     845
e     94 -94
    3,355 -3,355
4,207,294   4,306,591 -99,297
6,398,665   4,659,990 1,738,675
269,015   97,110 171,905
1,509,166   1,522,825 -13,659
1,103,339   1,148,004 -44,665
473,322   510,530 -37,208
2,974,152   3,126,678 -152,526
198,693   180,000 18,693
425,097   948,898 -523,801
483     483
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       3,167
b       174,923
c       4,948
d       845
e       -94
      -3,355
      -99,297
      1,738,675
      171,905
      -13,659
      -44,665
      -37,208
      -152,526
      18,693
      -523,801
      483
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 1,239,034
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 16,750
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 16,750
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 16,750
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 62,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 62,000
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
8 671
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 44,579
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow20,000 Refundedright arrow 11 24,579
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right 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
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (215) 938-8024

Located atright arrow754 SOUTH COUNTY ROADPALM BEACHFL ZIP+4right arrow33480
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
BRUCE E TOLL PRESIDENT
1.00 		0 0 0
754 S COUNTY ROAD
PALM BEACH,FL33480
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
28,357,246
b
Average of monthly cash balances.......................
1b
1,409,422
c
Fair market value of all other assets (see instructions)................
1c
15,409,645
d
Total (add lines 1a, b, and c).........................
1d
45,176,313
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
45,176,313
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
677,645
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
44,498,668
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,224,933
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
2,224,933
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
16,750
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
16,750
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,208,183
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,208,183
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
2,208,183
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
2,391,084
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
2,391,084
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 2,208,183
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 410,762
c From 2020...... 757,458
d From 2021...... 344,379
e From 2022......  
f Total of lines 3a through e ........ 1,512,599
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,391,084
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 2,208,183
e Remaining amount distributed out of corpus 182,901
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 1,695,500
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,695,500
10 Analysis of line 9:
a Excess from 2019.... 410,762
b Excess from 2020.... 757,458
c Excess from 2021.... 344,379
d Excess from 2022....  
e Excess from 2023.... 182,901
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).)
BRUCE E TOLL
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

ABINGTON MEMORIAL HOSPITAL FOUNDATION

1200 OLD YORK ROAD
ABINGTON,PA19001 		NONE PC GENERAL SUPPORT GRANT 250

ABINGTON POLICE PENSION ASSOCIATION

POBOX 315
ABINGTON,PA19001 		NONE PC GENERAL SUPPORT GRANT 1,000

ALZHEIMER'S DRUG DISCOVERY FOUNDATION

57 W 57TH ST SUITE 904
NEW YORK,NY10019 		NONE PC GENERAL SUPPORT GRANT 1,500

AMERICAN ENTERPRISE INSTITUTE

1789 MASSACHUSETTS AVE NW
WASHINGTON,DC20036 		NONE PC GENERAL SUPPORT GRANT 10,000

AMERICAN FRIENDS OF THE HEBREW UNIVERSITY(AFHU)

1 BATTERY PL
NEW YORK,NY10004 		NONE PC GENERAL SUPPORT GRANT 25,000

AMERICAN FRIENDS OF THE ISRAEL MUSEUM

505 5TH AVE
NEW YORK,NY10110 		NONE PC GENERAL SUPPORT GRANT 75,000

BAPTISH HEALTH FOUNDATION

6855 RED ROAD
CORAL GABLES,FL33143 		NONE PC GENERAL SUPPORT GRANT 500

BETH SHOLOM CONGREGATION

8231 OLD YORK RD
ELKINS PARK,PA19027 		NONE PC GENERAL SUPPORT GRANT 3,605

BIRTHRIGHT ISRAEL FOUNDATION

711 3RD AVE 10TH FLOOR
NEW YORK,NY10017 		NONE PC GENERAL SUPPORT GRANT 10,000

CHILDRENS HOSPITAL OF PHILADELPHIA

POBOX 781352
PHILADELPHIA,PA19178 		NONE PC GENERAL SUPPORT GRANT 6,000

COLEL CHABAD

806 EASTER PARKWAY
BROOKLYN,NY11213 		NONE PC GENERAL SUPPORT GRANT 38,000

CONGREGATION RODEPH SHALOM

615 N BROAD STREET
HUNTINGDOWN,MD20639 		NONE PC GENERAL SUPPORT GRANT 7,800

FRIENDS OF THE ISRAEL DEFENSE FORCES

PO BOX 4224
NEW YORK,NY10163 		NONE PC GENERAL SUPPORT GRANT 6,000

FRIENDS SELECT SCHOOL

17TH 1651 BENJAMIN FRANKLIN PKWY
PHILADELPHIA,PA19103 		NONE PC GENERAL SUPPORT GRANT 15,000

GERMANTOWN FRIENDS SCHOOL

31 W COULTER ST
PHILADELPHIA,PA19144 		NONE PC GENERAL SUPPORT GRANT 1,000

GUGGENHEIM MUSEUM

1071 FIFTH AVENUE
NEW YORK,NY10128 		NONE PC GENERAL SUPPORT GRANT 140

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC GENERAL SUPPORT GRANT 10,000

HOW

360 CYPRESS DR 4
JUPITER,FL33469 		NONE PC GENERAL SUPPORT GRANT 1,500

JAZZ AT LINCOLN CENTER

10 COLUMBUS CIR
NEW YORK,NY10023 		NONE PC GENERAL SUPPORT GRANT 10,000

JENKINTOWN LIBRARY

460 YORK RD
JENKINTOWN,PA19046 		NONE PC GENERAL SUPPORT GRANT 500

JEWISH FEDERATION OF PALM BEACH COUNTY

4601 COMMUNITY DR
WEST PALM BEACH,FL33417 		NONE PC GENERAL SUPPORT GRANT 75,500

LINCOLN CENTER FOR THE PERFORMING ARTS

10 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE PC GENERAL SUPPORT GRANT 60,000

MIDDLE EAST FORUM

1650 MARKET ST SUITE 3600
PHILADELPHIA,PA19103 		NONE PC GENERAL SUPPORT GRANT 2,000

MORSE LIFE FOUNDATION

4920 LORING DR
WEST PALM BEACH,FL33417 		NONE PC GENERAL SUPPORT GRANT 50,000

MOVING TRADITIONS

8380 OLD YORK ROAD SUITE 4300
ELKINS PARK,PA19027 		NONE PC GENERAL SUPPORT GRANT 5,000

MULTIPLE MYELOMA RESEARCH FOUNDATION

383 MAIN AVE 5TH FL
NORWALK,CT68510 		NONE PC GENERAL SUPPORT GRANT 3,000

MUSEUM OF MODERN ART

11 W 53RD ST
NEW YORK,NY10019 		NONE PC GENERAL SUPPORT GRANT 4,000

NANTUCKET BOYS & GIRLS CLUB

61 SPARKS AVE
NANTUCKET,MA02554 		NONE PC GENERAL SUPPORT GRANT 7,500

NANTUCKET COTTAGE HOSPITAL

57 PROSPECT ST
NANTUCKET,MA02554 		NONE PC GENERAL SUPPORT GRANT 25,000

NATIONAL LIBERTY MUSEUM

321 CHESTNUT ST
PHILADELPHIA,PA19106 		NONE PC GENERAL SUPPORT GRANT 3,000

NATIONAL MUSEUM OF AM JEWISH HISTORY

101 S INDEPENDENCE MALL E
PHILADELPHIA,PA19106 		NONE PC GENERAL SUPPORT GRANT 5,000

NORTON MUSEUM OF ART

1451 S OLIVE AVE
WEST PALM BEACH,FL33401 		NONE PC GENERAL SUPPORT GRANT 45,000

PALM BEACH CIVIC ASSOCIATION

139 N COUNTY RD 33
PALM BEACH,FL33480 		NONE PC GENERAL SUPPORT GRANT 500

PALM BEACH POLICE FOUNDATION

139 N COUNTY RD
PALM BEACH,FL33480 		NONE PC GENERAL SUPPORT GRANT 35,000

PALM BEACH SYNAGOGUE

120 N COUNTY ROAD
PALM BEACH,FL33480 		NONE PC GENERAL SUPPORT GRANT 3,600

PHILADELPHIA MUSEUM OF ART

2600 BENJAMIN FRANKLIN PWY
PHILADELPHIA,PA19130 		NONE PC GENERAL SUPPORT GRANT 1,130,000

PHILLY YOUTH BASKETBALL

1735 MARKET ST
PHILADELPHIA,PA19103 		NONE PC GENERAL SUPPORT GRANT 1,839

PROMISE FUND OF FLORIDA

340 ROYAL PONCIANA WAY
PALM BEACH,FL33480 		NONE PC GENERAL SUPPORT GRANT 5,000

RIVERDALE COUNTY SCHOOL

5250 FIELDSTON RD
BRONX,NY10471 		NONE PC GENERAL SUPPORT GRANT 10,000

SELFHELP COMMUNITY SERVICES FOUNDATION

520 8TH AVE 5TH FLOOR
NEW YORK,NY10018 		NONE PC GENERAL SUPPORT GRANT 5,000

STEPHEN WISE FREE SYNAGOGUE

30 W 68TH ST
NEW YORK,NY10023 		NONE PC GENERAL SUPPORT GRANT 1,800

THE BARNES FOUNDATION

2025 BENJAMIN FRANKLIN PKWY
PHILADELPHIA,PA19130 		NONE PC GENERAL SUPPORT GRANT 35,000

THE BREAST CANCER RESEARCH FOUNDATION

28 W 44TH ST SUITE 609
NEW YORK,NY10036 		NONE PC GENERAL SUPPORT GRANT 1,250

THE FRICK COLLECTION

1 E 70TH ST
NEW YORK,NY10021 		NONE PC GENERAL SUPPORT GRANT 1,500

THE JEWISH MUSEUM

101 S INDEPENDENCE MALL E
PHILADELPHIA,PA19106 		NONE PC GENERAL SUPPORT GRANT 2,500

THE SOCIETY OF THE FOUR ARTS

2 4 ARTS PLAZA
PALM BEACH,FL33480 		NONE PC GENERAL SUPPORT GRANT 54,000

TOWN OF PALM BEACH UNITED WAY-TOCQUEVILLE SOCIETY

44 COCOANUT ROW M201
PALM BEACH,FL33480 		NONE PC GENERAL SUPPORT GRANT 25,000

TURNING POINT USA

4940 EAST BEVERLY ROAD
PHOENIX,AZ85044 		NONE PC GENERAL SUPPORT GRANT 10,000

UJA FEDERATION OF NEW YORK

130 E 59TH ST
NEW YORK,NY10022 		NONE PC GENERAL SUPPORT GRANT 2,000

UNITED STATES HOLOCAUST MEMORIAL MUSEUM

100 RAOUL WALLENBERG PL SW
WASHINGTON,DC20024 		NONE PC GENERAL SUPPORT GRANT 10,000

UNIVERSITY OF PENNSYLVANIA

3451 WALNUT STREET
PHILADELPHIA,PA19104 		NONE PC GENERAL SUPPORT GRANT 5,500

WHITNEY MUSEUM OF AMERICA ART

99 GANSEVOORT ST
NEW YORK,NY10014 		NONE PC GENERAL SUPPORT GRANT 126

WENDY & DOUGLAS CHARITABLE FOUNDATION

1801 N MILITARY TRAIL 200
BOCA RATON,FL33431 		NONE PC GENERAL SUPPORT GRANT 100,000

MICHELLETOLL & WILLIAMO'FLANAGAN CHARITABLE FUND

1801 N MILITARY TRAIL 200
BOCA RATON,FL33431 		NONE PC GENERAL SUPPORT GRANT 100,000

JENNIFER & BRETT SCHULMAN CHARITABLE FUND

1801 N MILITARY TRAIL 200
BOCA RATON,FL33431 		NONE PC GENERAL SUPPORT GRANT 100,000

ELIZABETH & MATTHEW FEUER CHARITABLE FUND

1801 N MILITARY TRAIL 200
BOCA RATON,FL33431 		NONE PC GENERAL SUPPORT GRANT 100,000

ALBERT EINSTEIN COLLEGE OF MEDICINE

1300 MORRIS PARK AVE
BRONX,NY10461 		NONE PC GENERAL SUPPORT GRANT 1,600

AMERICAN FRIENDS OF MAGEN DAVID ADOM

20W 36TH ST
NEW YORK,NY10018 		NONE PC GENERAL SUPPORT GRANT 25,000

AKITV AGAINST CANCER

C/O WCPG 300 WEST 246TH ST
RIVERDALE,NY10471 		NONE PC GENERAL SUPPORT GRANT 2,000

AMERICAN FRIENDS OF SHEBA MEDICAL CENTER

575 MADISON AVE 10TH FLOOR
NEW YORK,NY10022 		NONE PC GENERAL SUPPORT GRANT 25,000

BASCOM PALMER EYE INSTITUTE

900 NW 17TH ST
MIAMI,FL33136 		NONE PC GENERAL SUPPORT GRANT 5,500

ARCADIA UNIVERSITY

450S EASTON RD
GLENSIDE,PA19038 		NONE PC GENERAL SUPPORT GRANT 5,500

BROADWAY CARESEQUITY FIGHTS AIDS

165 W 46TH ST STE 1300
NEW YORK,NY10036 		NONE PC GENERAL SUPPORT GRANT 500

CONGREGATION KENESETH ISRAEL

8339 OLD YORK RD
ELKINS PARK,PA19027 		NONE PC GENERAL SUPPORT GRANT 500

CURE DUCHENNE

100 BAYVIEW CIRCLE SUITE 5600
NEWPORT BEACH,CA92660 		NONE PC GENERAL SUPPORT GRANT 1,000

DARTMOUTH COLLEGE

16 EAST WHEELLOCK ST
HANOVER,NH03755 		NONE PC GENERAL SUPPORT GRANT 5,000

FRIENDS OF NOTRE-DAME DE PARIS

3 SCHOOL HOUSE LN
ETNA,NH03750 		NONE PC GENERAL SUPPORT GRANT 10,000

FRIENDS OF RITTENHOUSE SQUARE

201S 18TH ST UNIT 411
PHILADELPHIA,PA19103 		NONE PC GENERAL SUPPORT GRANT 2,080

MICHAEL J FOX FOUNDATION

PO BOX 5014
HAGERSTOWN,MD21741 		NONE PC GENERAL SUPPORT GRANT 250

JEWISH FAMILY SERVICE OF ATLANTIC COUNTY

1333 ATLANTIC AVE
ATLANTIC CITY,NJ08401 		NONE PC GENERAL SUPPORT GRANT 375

NATIONAL EATING DISORDERS ASSOCIATION

333 MAMARONECK AVENUE 214
WHITE PLAIN,NY10605 		NONE PC GENERAL SUPPORT GRANT 5,000

NEW YORK JUNIOR TENNIS & LEARNING

36-36 33RD ST SUITE 504
LONG ISLAND CITY,NY11106 		NONE PC GENERAL SUPPORT GRANT 2,000

PENN CHARTER

3000W SCHOOL HOUSE LN
PHILADELPHIA,PA19144 		NONE PC GENERAL SUPPORT GRANT 10,000

THE IRELAND FUNDS

345 PARK AVENUE FLOOR 17
NEW YORK,NY10154 		NONE PC GENERAL SUPPORT GRANT 2,000

TRUSTEES OF UNIVERSITY OF PA

801 SPRUCE ST
PHILADELPHIA,PA19107 		NONE PC GENERAL SUPPORT GRANT 7,500

IMPACT 100NYC

PO BOX 1153
NEW YORK,NY10028 		NONE PC GENERAL SUPPORT GRANT 1,029

JEFFERSON EINSTEIN KORMAN HEALING GARDEN

5501 OLD YORK RD
PHILADELPHIA,PA19141 		NONE PC GENERAL SUPPORT GRANT 250

THE FOUNDATION FOR JEWISH CAMPUS LIFE

800 EIGHTH STREET NW
WASHINGTON,DC20001 		NONE PC GENERAL SUPPORT GRANT 500

SANDRA BORNSTEIN HOLOCAUST EDUCATION CENTER

401 ELMGROVE
PROVIDENCE,RI02906 		NONE PC GENERAL SUPPORT GRANT 500

SECOND ALARMERS RESCUE SQUAD

307 DAVISVILLE RD
WILLOW GROVE,PA19090 		NONE PC GENERAL SUPPORT GRANT 95

THE AMERICAN FRIENDS OF THE ISRAEL MUSEUM

545 FIFTH AVE SUITE 920
NEW YORK,NY10017 		NONE PC GENERAL SUPPORT GRANT 250

THE JULIARD SCHOOL

60 LINCOLN CENTER
NEW YORK,NY10023 		NONE PC GENERAL SUPPORT GRANT 500

SCHOOL YEAR ABROAD CAMP SYA PROGRAM

120 WATER STREET SUITE 310
NORTH ANDOVER,MA01845 		NONE PC GENERAL SUPPORT GRANT 5,000

FOUNDCARE INC

2330 S CONGRESS AVENUE
WEST PALM BEACH,FL33406 		NONE PC GENERAL SUPPORT GRANT 7,500

DAVID HOROWITZ FREEDOM CENTER

14148 MAGNOLIA BLVD 100
SHERMAN OAKS,CA91423 		NONE PC GENERAL SUPPORT GRANT 535

JUVENILE DIABETES RESEARCH FOUNDATION NOW BREAKTHROUGH T1D

200 VERSEY STREET 28TH FLOOR
NEW YORK,NY10281 		NONE PC GENERAL SUPPORT GRANT 5,000

LEADERSHIP INSTITUTE

1101 N HIGHLAND STREET
ARLINGTON,VA22201 		NONE PC GENERAL SUPPORT GRANT 500

PROJECT HOME

2826 W DIAMOND STREET
PHILADELPHIA,PA19121 		NONE PC GENERAL SUPPORT GRANT 5,000

RISING TREETOPS AT OAKHURST

111 MONMOUTH RD
OAKHURST,NJ07755 		NONE PC GENERAL SUPPORT GRANT 360

SKY FOUNDATION INC

PO BOX 1780
BIRMINGHAM,MI17108 		NONE PC GENERAL SUPPORT GRANT 250

THE HEBREW UNIVERSITY IS AMERICAN FRIENDS OF THE HEBREW UNIVERSITY

1 BATTERY PLACE
NEW YORK,NY10004 		NONE PC GENERAL SUPPORT GRANT 250

THE JOYCE THEATER

175 8TH AVENUE
NEW YORK,NY10011 		NONE PC GENERAL SUPPORT GRANT 250

FRIENDS OF UNITED HATZALAH

442 5TH AVE SUITE 1866
NEW YORK,NY10018 		NONE PC GENERAL SUPPORT GRANT 3,600

SPOTLIGHT PA

PO BOX 11728
HARRISBURG,PA17108 		NONE PC GENERAL SUPPORT GRANT 1,500
Total .................................right arrow 3a 2,391,084
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 ........... 		         
4 Dividends and interest from securities .... 900001 262 14 603,591  
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 ..... 900001   01 19,741  
8 Gain or (loss) from sales of assets other than
inventory ............ 		900001   18 1,241,638  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNET INVESTMENT INCOME 		900001 -101,406      
bUNRELATED BUSINESS TAXABLE INCOME FROM K-1S - OTHER INCOME 900001 479      
cNON-TAXABLE INCOME FROM K-1S 900001 8,124      
dORDINARY INCOME FROM K-1S     01 -150,202  
e
12 Subtotal. Add columns (b), (d), and (e) .. -92,541 1,714,768 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,622,227
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Name of Bond End of Year Book Value End of Year Fair Market Value
ISHARES RS 2000 VALUE 403,313 508,550
ISHARES RUSSELL 1000 547,311 980,452
ISHARES RUSSELL 1000 740,821 960,598
ISHARES S&P 100 371,697 953,429
ISHARESRS 2000 GROWTH 441,207 521,339
VANGUARD DIVIDEND 854,639 1,413,979
VANGUARD FTSE EMERGING 482,368 461,676
VANGUARD VALUE ETF 662,590 942,448
VANGUARDFTSEDEVELOPED 1,709,377 1,929,220
AMERICAN EXPRESS CO 49,463 49,618
ORACLE CORP 49,246 49,414
USD ROYAL BK CANADA 34,991 35,083
PNC FINANCIAL SERVICES 48,303 48,604
ABBVIE INC 33,979 34,190
GILEAD SCIENCES INC 39,026 39,354
MARSH & MCLEAN 48,730 49,110
OTIS WORLDWIDE CORP 38,110 38,456
CITIGROUP INC 48,740 49,154
ABBVIE INC 34,063 34,350
VIRGINIA ELEC & POWER CO 33,761 34,129
MORGAN STANLEY 38,897 39,429
NISOURCE INC 45,933 46,735
DR PEPPER SNAPPLE GROUP 47,978 48,594
ENTERPRISE PRODUCTS OPER 38,599 39,404
GLOBAL PAYMENTS 45,043 45,952
CHARLES SCHWAB CORP 44,678 45,851
VERIZON COMMUNICATIONS 31,905 32,616
AT&T INC 36,768 37,439
JPMORGAN CHASE & CO 38,058 38,733
ROYAL BANK OF CANADA 31,588 32,348
CROWN CASTLE INTL CORP 53,009 54,153
TORONTO-DOMINION BANK 40,191 41,130
SHIRE ACQ INV IRELAND DA 37,681 38,488
NEXTERA ENERGY CAPITAL 40,243 41,404
AMGEN INC 11/16/23 40,965 41,871
MPLX LP 11/16/23 38,114 39,172
VERIZON COMMUNICATIONS 11/16/23 38,533 39,440
WORKDAY INC 11/16/23 33,003 33,890
T-MOBILE USA INC 11/16/23 37,854 38,839
MORGAN STANLEY 11/16/23 36,030 36,871
KRAFT HEINZ FOODS CO 11/16/23 38,177 39,258
CSX CORP 11/16/23 37,450 38,550
CVS HEALTH CORP 38,734 39,999
AMERICAN EXPRESS CO 35,764 36,525
NORTHROP GRUMMAN CORP 41,752 43,020
CAPITAL ONE FINANCIAL CO 45,520 47,516
KINDER MORGAN INC 47,799 49,349
FIFTH THIRD BANCORP 46,040 47,972
BAT CAPITAL CORP 43,134 44,781
MEDTRONIC GLOBAL HLDINGS 38,750 39,871
GENERAL MILLS INC 38,264 39,395
USD TRANSCANADA PL 42,450 43,841
CITIGROUP INC 33,912 34,783
GENERAL MOTORS FINL CO 49,357 51,422
A INC 49,665 51,212
LOWE'S COS INC 38,241 39,777
UNITED TECHNOLOGIES CORP 37,644 39,100

TY 2023 InvestmentsCorpStockSchedule
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Name of Stock End of Year Book Value End of Year Fair Market Value
800000 SHARES OF INTERLINK ELECTRONICS INC 720,000 1,021,600
20000 SHARES OF ADYEN N.V 374,779 257,600
20000 SHARES OF ORACLE CORP 1,683,531 2,108,600
10000 SHARES OF PRUDENTIAL FINANCIAL INC 805,665 1,037,100
350000 SHARES OF METRO BANK HOLDINGS PLC 454,619 165,060
12000 SHARES OF OCCIDENTAL PETE CORP CAL 739,073 716,520
30000 SHARES OF VERANO HOLDINGS CORP 563,043 134,400
47400 SHARES OF VIACOMBS INC 1,994,537 701,046
ALPHABETINC 227,463 326,456
AMAZONCOM 285,017 312,085
AMPHENOL CORP 210,392 218,582
APPLEINC 293,350 726,801
BARON USA PARTNERS LTD 3,300,000 3,300,000
BLACKROCKINC 242,805 275,200
BOEING COMPANY 237,952 284,380
BROADCOM INC 109,170 215,436
CONOCOPHILLIPSCOP 75,234 139,748
COSTCOWHOLESALE 303,236 438,953
HILTONWORLDWIDE 132,106 162,971
HOMEDEPOT 186,440 223,178
HONEYWELLINTL 91,873 109,259
INVESTMENT IN AMCP AIV 2,667,319 663,509
JPMORGANCHASE 270,058 344,623
MCDONALDS CORP 197,810 213,784
MICROSOFTCORP 521,768 874,293
O'REILLY AUTOMOTIVE INC 138,209 156,763
PALO ALTO NETWORKS INC COM 54,052 101,144
PARKERHANNIFIN 229,366 326,176
PROCTER & GAMBLE CO 110,308 103,311
PROGRESSIVE CRP OHIO 190,387 248,955
PROLOGISINC 246,818 284,462
SCHLUMBERGER LTD 118,879 143,162
THERMOFISHER 112,274 111,466
TORONTO DOMINION BANK 119,287 108,497
UNIONPACIFIC 261,844 272,884
VISAINC 244,162 319,189
WALMARTINC 180,625 227,331
ZOETISINC 206,689 273,357
BOSTON SCIENTIFIC CORP 226,275 264,943
ELI LILLY & CO 191,225 199,359
EXXON MOBIL CORP COM 306,368 265,547
FERRARI NV 129,401 145,525
KENVUE INC 212,634 198,894
NETFLIX COM INC 237,635 274,600
NVIDIA 162,728 384,291
ROSS STORES INC COM 99,494 114,033
S&P GLOBAL INC 257,419 266,955
SERVICENOW INC 148,289 209,828
TESLA INC 163,299 169,960
UNITED RENTALS INC COM 151,136 175,467
UNITEDHEALTH GROUP INC 278,608 292,717
WELLTOWER INC WELL 141,102 152,117

TY 2023 InvestmentsOtherSchedule2
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
A&M CAPITAL OPPORTUNITIES FUND, LP AT COST 191,589 191,589
A&M CAPITAL PARTNERS LP AT COST 45,069 45,069
AMCO CLASSIC AIV LP AT COST 70,091 70,091
AMCO HBS AIV LP AT COST 134,304 134,304
AMCO OPTICS AIV LP AT COST 12,916 12,916
AMCO PLASTICS AIV, LP AT COST 7,457 7,457
AMCO SFD AIV LP AT COST 159,255 159,255
BEACON CAPITAL STRATEGIC PARTNERS 8 LP AT COST 1,422,089 1,267,540
BLACKSTONE REAL ESTATE PARTNERS AT COST 50,180 50,180
BROOK VENTURE FUND II, L.P. AT COST 583 583
MONARCH CAPITAL PARTNERS III LP AT COST 475,808 851,652
NB REAL ESTATE SECONDARY OPPORTUNITIES FUND LP AT COST 828,268 1,532,903
RC GLOBAL ENERGY AND POWER AT COST 15,205 15,205
RIVER OAK REALTY FUND IV, LLC AT COST 11,559 11,559
SILAS CAPITAL XVI LLC AT COST 847,807 847,807
SILVERPEAK LEGACY FUND II LP F AT COST 2,522 2,522
SILVERPEAK LEGACY PENSION PARTNERS III LP AT COST 544,299 544,299
TRILANTIC CAPITAL PARTNERS VI FUND LP AT COST 1,395,537 2,265,037
BARON X LP AT COST 3,481,826 3,481,826
PROTECT ANIMALS WITH SATELLITE LLC AT COST 888,958 888,958

TY 2023 OtherAssetsSchedule
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
K-1 DISRIB / DIVIDENDS RECEIVABLE -414,461 54,379 54,379
AMCO CRASH AIV LP -318,721 -319,029 -319,029
AMCO IHB AIV, LP -16,211 -18,267 -18,267
FSMP II TRUST -40,141 -40,141 -40,141
AMCO CAR WASH AIV LP 0 -100,852 -100,852


TY 2023 OtherDecreasesSchedule
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Description Amount
K-1 BOOK TO TAX DIFFERENCES / UNREALIZED GAIN (LOSSES) 1,027,886


TY 2023 OtherExpensesSchedule
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK SERVICE FEES 516 516   0
MANAGEMENT/INVESTMENT FEES FROM BROKERAGE 208,036 208,036   0
DEDUCTIONS FROM K-1S 354,078 289,348   0
OTHER INVESTMENT FEES 9,783 9,783   0


TY 2023 OtherIncomeSchedule2
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ORDINARY INCOME FROM K-1S 0 -142,337 0
OTHER INCOME FROM K-1S -1,968 -1,968 -1,968
RENTAL INCOME FROM PARTNERSHIPS -8,383 -8,383 -8,383
GUARANTEED INCOME FROM K1 30,092 30,092 30,092
NET INVESTMENT INCOME -101,406   -101,406
UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - OTHER INCOME 479   479
NON-TAXABLE INCOME FROM K-1S 8,124   8,124
ORDINARY INCOME FROM K-1S -150,202   -150,202


TY 2023 OtherLiabilitiesSchedule
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 0 32,250


TY 2023 TaxesSchedule
Name:
THE BRUCE E AND ROBBI S TOLL FOUNDATION
 
FOUNDATION
EIN:
23-2667935
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES FROM BROKERAGE 7,217 7,217   0
FOREIGN TAXES FROM K-1S 367 367   0