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 FORMAN S ACTON EDUCATIONAL
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 181
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALEM, NJ08079
A Employer identification number

47-1997891
B Telephone number (see instructions)

(844) 436-7626
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$37,549,992J 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 131 236,411  
4 Dividends and interest from securities... 74,307 543,490  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,599,846
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
0 -742,088  
12 Total. Add lines 1 through 11........ 4,674,284 37,813  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 530,919 27,215   503,704
14 Other employee salaries and wages...... 229,439 0   229,439
15 Pension plans, employee benefits....... 64,451 0   64,451
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,763 0   2,763
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
41,235 10,309   30,926
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
137,484 338,058   57,881
17 Interest...............   77,232    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
176,157 2,252   54,147
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 87,680 0   87,680
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
137,229 3,221   134,008
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,407,357 458,287   1,164,999
25 Contributions, gifts, grants paid....... 1,623,510 1,623,510
26 Total expenses and disbursements. Add lines 24 and 25 3,030,867 458,287   2,788,509
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,643,417
b Net investment income (if negative, enter -0-) 0
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.............      
2 Savings and temporary cash investments......... 797,515 270,552 270,552
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 35,111,261 Click to see attachment
List of Attached Documents:
// Content
37,279,440 		37,279,440
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) 35,908,776 37,549,992 37,549,992
Liabilities 17 Accounts payable and accrued expenses.......... 12,520 10,183
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
136
23 Total liabilities (add lines 17 through 22)......... 12,520 10,319
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........... 35,896,256 37,539,673
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)..... 35,896,256 37,539,673
30 Total liabilities and net assets/fund balances (see instructions). 35,908,776 37,549,992
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
35,896,256
2
Enter amount from Part I, line 27a .....................
2
1,643,417
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
37,539,673
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
37,539,673
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 OTHER CONTRACTS AND STRADDLES K-1 FLOWTHROUGH P 2022-12-31 2023-12-31
b CF CREDIT SERIES - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
c CF REIT PORTFOLIO - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
d CF STRATEGIC SOLUTIONS GLOBAL EQUITY LLC - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
e COMMONFUND PRIVATE CREDIT FUND II LP - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
SECONDARY PARTNERS III - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
SECONDARY PARTNERS IV - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
ENVIRONMENTAL SUSTAINABILITY PARTNERS 2020 - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
COMMONFUND CAPITAL VENTURE PARTNERS XIV, L.P. - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
CCI-OCIO GLOBAL PRIVATE EQUITY FUND IV - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
CFI HIGH QUALITY BOND FUND, LLC - CAP GAIN DISTRIBUTIONS - K-1 P 2022-12-31 2023-12-31
COMMONFUND REAL ESTATE OPPORTUNITY FD II P 2022-12-31 2023-12-31
SSGA S&P 500 INDEX NON-LENDING STRAT. P 2022-12-31 2023-12-31
SSGA S&P GLOBAL LARGEMIDCAP NATURAL RESR P 2022-12-31 2023-12-31
SSGA US AGGREGATE BOND INDEX NL STRAT P 2022-12-31 2023-12-31
(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       62,645
b       -95,559
c       -111,037
d       -897,076
e       869
      17,258
      233
      -831
      2,145
      4,451
      -75,778
      9,057
      29,620
      351,994
      -33,019
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       62,645
b       -95,559
c       -111,037
d       -897,076
e       869
      17,258
      233
      -831
      2,145
      4,451
      -75,778
      9,057
      29,620
      351,994
      -33,019
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 -735,028
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 0
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 0
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 0
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 273,993
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.............. 7 273,993
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 273,993
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow135,200 Refundedright arrow 11 138,793
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 arrowNJ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.FORMANSCHOLARS.ORG
14
The books are in care ofright arrowTHE FORMAN S ACTON EDUCATIONAL FOUNDATION Telephone no.right arrow (844) 436-7626

Located atright arrow205 E BROADWAYSALEMNJ ZIP+4right arrow08079
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)
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
 
No
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
LAURENCE VAN METER PRESIDENT & CEO JAN - JUNE
28.00 		72,080 3,080 7,968
205 E BROADWAY
SALEM,NJ08079
KORTNEY SWANSON DAVIS PRESIDENT & COO JULY - PRESENT
40.00 		242,504 9,700 1,144
205 E BROADWAY
SALEM,NJ08079
DARRELL EDMONDS CHAIRPERSON
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
JANELLE ALEXANDER SECRETARY
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
STEVE BURNS TREASURER
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
EVELYN CAMPBELL TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
JACKIE EDWARDS TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
STEVE WADDINGTON TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
MIKE GORMAN TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
MELISSA LITWIN TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
JOHN MULHORN TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
RICK WILSON TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
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
KIMBERLY SMITH SCHOLARSHIP DIRECTOR
40.00 		175,108 7,004 14,327
205 E BROADWAY
SALEM,NJ08079
JASMIN MCMILLON ACORN FUND ENROLLMEN
40.00 		99,270 3,971 808
205 E BROADWAY
SALEM,NJ08079
KEATH GERALD ACORN SCHOLAR ENGAGE
40.00 		97,922 3,917 700
205 E BROADWAY
SALEM,NJ08079
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
COMMONFUND CONSULTANTS 79,602
PO BOX 5493
BOSTON,MA02206
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
35,966,247
b
Average of monthly cash balances.......................
1b
354,965
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
36,321,212
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
36,321,212
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
544,818
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
35,776,394
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,788,820
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
1,788,820
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,788,820
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,788,820
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
1,788,820
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
2,788,509
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
2,788,509
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 1,788,820
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 548
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$ 2,788,509
a Applied to 2022, but not more than line 2a 548
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..... 1,788,820
e Remaining amount distributed out of corpus 999,141
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 5 999,141
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 ...... 		999,141
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.... 999,141
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KORTNEY SWANSON-DAVIS
VIA EMAIL
SALEM,NJ08079
(844) 436-7626
KORTNEY@FORMANSCHOLARS.ORG
bThe form in which applications should be submitted and information and materials they should include:
THE FOUNDATION REQUIRES THE GRANTEE TO COMPLETE A GRANT APPLICATION ON A FORM PROVIDED BY THE FOUNDATION. THE GRANT APPLICATION REQUIRES THE GRANTEE TO IDENTIFY THE PURPOSES OF THE GRANT, THE PROBLEM IT IS MEANT TO ADDRESS, THE RESEARCH SUGGESTING THE GRANT WILL BE SUCCESSFUL IN ADDRESSING THE PROBLEM AND THE INDICATORS TO BE STUDIED TO DEMONSTRATE SUCCESS. THE APPLICATION CAN BE SUBMITTED TO GRANTS@FORMANSCHOLARS.ORG.
cAny submission deadlines:
SUBMISSION DEADLINES MAY BE ESTABLISHED.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGE TO THE ACCOUNT OF THE STUDENT TO BE USED ONLY FOR THE COST OF ATTENDANCE AS ESTABLISHED BY THE COLLEGE AND ARE REQUIRED TO BE THE LAST DOLLARS THAT DO NOT REPLACE OTHER FINANCIAL AID AWARDS PROVIDED TO THE STUDENT.
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KIMBERLY SMITH
VIA EMAIL
SALEM,NJ08079
(844) 436-7626
KIM@FORMANSCHOLARS.ORG
bThe form in which applications should be submitted and information and materials they should include:
SCHOLARSHIP APPLICANTS CAN APPLY ONLINE AT OUR PORTAL AT HTTPS://FORMANSCHOLARS.COMMUNITYFORCE.COM/LOGIN.ASPX
cAny submission deadlines:
SCHOLARSHIP DEADLINES ARE DEPENDENT ON THE TYPE OF SCHOLARSHIP. SEE PORTAL REFERENCED ABOVE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGE TO THE ACCOUNT OF THE STUDENT AND ARE REQUIRED TO BE LAST DOLLARS THAT DO NOT REPLACE OTHER FINANCIAL AID AWARDS PROVIDED TO THE STUDENT.
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

ALVERNIA UNIVERSITY

400 SAINT BERNARDINE ST
READING,PA19607 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,800

AMAZON

410 TERRY AVE N
SEATTLE,WA981095210 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 1,544

APPLE

1 APPLE PARK WAY
CUPERTINO,CA95014 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 11,774

BEST BUY

7601 PENN AVE S
RICHFIELD,MN55423 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 715

BLOOMBERG FOR EDUCATION

731 LEXINGTON AVENUE
NEW YORK,NY10022 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 159

BLOOMSBURG UNIVERSITY

400 E 2ND STREET
BLOOMSBURG,PA17815 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,353

COLLEGE RETENTION FUND

PO BOX 181
SALEM,NJ08079 		  PC THIS GRANT IS AWARDED TO HELP CURRENT COLLEGE STUDENTS STAY IN SCHOOL AND FINISH THEIR DEGREE. STUDENTS MUST BE PELL ELIGIBLE AND HAVE A 2.5 GPA TO QUALIFY. 21,155

COMMUNITY FOUNDATION OF SOUTH JERSEY

14 KINGS HIGHWAY SUITE 102
HADDONFIELD,NJ08033 		  PC GRANT TO THE ACORN FUND ACCOUNTS FOR THE COLLEGE SAVINGS PROGRAM 1,100,000

COUNCIL OF NEW JERSEY GRANTMAKERS

1977 NORTH OLDEN AVENUE SUITE 238
EWING,NJ08618 		  PC BOARD DONATIONS 1,200

DELAWARE STATE UNIVERSITY

1200 N DUPONT HWY
DOVER,DE19901 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,000

DELAWARE VALLEY UNIVERSITY

700 E BUTLER AVE
DOYLESTOWN,PA18901 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 1,119

DELL

1 DELL WAY
ROUND ROCK,TX78682 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 2,360

DREW UNIVERSITY

36 MADISON AVENUE
MADISON,NJ07940 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 36,353

DREXEL UNIVERSITY

3141 CHESTNUT STREET
PHILADELPHIA,PA19104 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,000

EAST CAROLINA UNIVERSITY

230 EAST CAROLINA UNIVERSITY
GREENVILLE,NC27858 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,850

EFOLLETT

3 WESTBROOK CORPORATE CENTER
WESTCHESTER,IL60154 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 768

ELIZABETHTOWN COLLEGE

1 ALPHA DRIVE
ELIZABETHTOWN,PA17022 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 30,300

EMBRY-RIDDLE AERONAUTICAL UNIVERSITY

TOMCAT ANNEX 260 1 AEROSPACE
BOULEVARD
DAYTONA BEACH,FL32114 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,000

FAIRLEIGH DICKINSON UNIVERSITY

285 MADISON AVENUE
MADISON,NJ07940 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 7,590

FRANKLIN & MARSHALL COLLEGE

PO BOX 3003
LANCASTER,PA17604 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 3,571

FROSTBURG STATE UNIVERSITY

101 BRADDOCK ROAD
FROSTBURG,MD21532 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,250

GEORGETOWN UNIVERSITY

3700 O ST NW
WASHINGTON,DC20057 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 225

HAVERFORD COLLEGE

370 LANCASTER AVENUE
HAVERFORD,PA19041 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 272

HOBART AND WILLIAM SMITH COLLEGES

PO BOX 5211
BINGHAMTON,NY13902 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,750

HOWARD UNIVERSITY

2400 6TH ST NW
WASHINGTON,DC20059 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 1,021

KUTZTOWN UNIVERSITY

15200 KUTZTOWN RD
KUTZTOWN,PA19530 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 16

LAFAYETTE COLLEGE

PO BOX 36479
NEWARK,NJ07188 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,000

LASALLE UNIVERSITY

1900 W OLNEY AVENUE
PHILADELPHIA,PA19141 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 700

LENOVO

8001 DEVELOPMENT DR
MORRISVILLE,NC27560 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 1,588

LINCOLN UNIVERSITY

1570 BALTIMORE PIKE
LINCOLN UNIVERSITY,PA19352 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 12,933

MICROSOFT

1 MICROSOFT WAY
REDMOND,WA98052 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 8,033

MOREHOUSE COLLEGE

830 WESTVIEW DRIVE SW
ATLANTA,GA30314 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 588

MORGAN STATE UNIVERSITY

1700 E COLD SPRING LN
BALTIMORE,MD21251 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 4,270

NJ CENTER FOR NON-PROFITS

3635 QUAKERBRIDGE RD 35
HAMILTON,NJ08619 		  PC BOARD DONATIONS 1,200

NORTHWESTERN UNIVERSITY

633 CLARK ST
EVANSTON,IL60208 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 95

ONE VILLAGE ALLIANCE

75 WESTSIDE COURT
SALEM,NJ08079 		  PC GRANT TO PROVIDE FUNDING FOR ONE VILLAGE ALLIANCE WHO FOSTERS A COMMUNITY-BASED, PEOPLE-FUELED APPROACH WITH A MISSION TO UPLIFT CHILDREN AND THEIR FAMILIES ON A HOLISTIC JOURNEY TOWARD EXCELLENCE THROUGH EDUCATION, ENTREPRENEURSHIP AND THE ARTS. 50,000

QUINNIPIAC UNIVERSITY

275 MT CARAMEL AVENUE
HAMDEN,CT06518 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 1,000

ROCHESTER INSTITUTE OF TECHNOLOGY

25 LOMB MEMORIAL DRIVE ROCHESTER
ROCHESTER,NY14623 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,759

ROWAN UNIVERSITY

201 MULLICA HILL ROAD
GLASSBORO,NJ08028 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 22,395

RUTGERS UNIVERSITY

10 SEMINARY PLACE
NEW BRUNSWICK,NJ08901 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 11,750

SAINT JOSEPH'S UNIVERSITY

5600 CITY AVE
PHILADELPHIA,PA19131 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 4,910

SALEM COMMUNITY COLLEGE

460 HOLLYWOOD AVE
CARNEYS POINT,NJ08069 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION AND A COMMUNITY GRANT TO FUND THE DUAL CREDIT PROGRAM FOR SALEM HIGH SCHOOL STUDENTS. 73,656

SETON HALL UNIVERSITY

400 SOUTH ORANGE AVE
SOUTH ORANGE,NJ07079 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 200

STOCKTON UNIVERSITY

101 VERA KING PARIS DR
GALLOWAY,NJ08205 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 35,386

STONEHILL COLLEGE

320 WASHINGTON STREET
NORTH EASTON,MA02357 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,750

THE COLLEGE OF NEW JERSEY

OFFICE OF STUDENT ACCOUNTS PO BOX
7718 EWING
EWING,NJ08628 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 35,424

THOMAS JEFFERSON UNIVERSITY

1101 MARKET STREET 29TH FLOOR
PHILADELPHIA,PA19107 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 13,615

TOWSON UNIVERSITY

800 YORK ROAD
TOWSON,MD21252 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 11,656

TUSKEGEE UNIVERSITY

1200 W MONTGOMERY ROAD
TUSKEGEE,AL36088 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 7,334

UNIVERSITY OF DELAWARE

210 S COLLEGE AVENUE
NEWARK,DE19716 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 500

UNIVERSITY OF MISSOURI-ST LOUIS

1 UNIVERSITY BLVD
ST LOUIS,MO63121 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 857

UNIVERSITY OF PITTSBURGH

PO BOX 643092
PITTSBURGH,PA15264 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,250

UNIVERSITY OF TAMPA

401 W KENNEDY BLVD BOX L
TAMPA,FL33606 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 11,250

UNIVERSITY OF WISCONSIN-MADISON

333 EAST CAMPUS MALL 10501
MADISON,WI53715 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 7,157

VASSAR COLLEGE

124 RAYMOND AVENUE
POUGHKEEPSIE,NY12604 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 2,998

WIDENER UNIVERSITY

ONE UNIVERSITY PL
CHESTER,PA19013 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 7,607

WILEY UNIVERSITY

711 WILEY AVENUE
MARSHALL,TX75670 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND RELATED ACADEMIC MATERIALS. 229

WILLIAM PATTERSON UNIVERSITY

300 POMPTON ROAD
WAYNE,NJ07470 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 275

YORK COLLEGE

441 COUNTRY CLUB ROAD
YORK,PA17403 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,000
Total .................................right arrow 3a 1,623,510
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 ........... 		    14 131  
4 Dividends and interest from securities ....     14 74,307  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 4,599,846  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 4,674,284 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,674,284
(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
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 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 41,235 10,309   30,926

TY 2023 InvestmentsOtherSchedule2
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CF CREDIT SERIES FMV 2,054,551 2,054,551
CF REIT PORTFOLIO, LLC FMV 1,261,708 1,261,708
CF STRATEGIC SOLUTIONS GLOBAL EQUITY LLC FMV 18,666,798 18,666,798
COMMONFUND PRIVATE CREDIT FUND II, L.P. FMV 499,289 499,289
GLOBAL ABSOLUTE ALPHA COMPANY D FMV 3,707,031 3,707,031
SECONDARY PARTNERS III FMV 822,419 822,419
STRATEGIC SOLUTIONS CORE REAL ESTATE FD. FMV 1,341,674 1,341,674
CFI HIGH QUALITY BOND FUND, LLC FMV 3,648,292 3,648,292
CCI-OCIO GLOBAL PRIVATE EQUITY FUND IV FMV 466,435 466,435
VENTURE PARTNERS XIV FMV 278,889 278,889
ENVIRONMENTAL SUSTAINABILITY PARTNERS 2020 FMV 354,101 354,101
COMMONFUND REAL ESTATE OPPORTUNITY FD II FMV 669,549 669,549
CITY NATIONAL BANK DDA-SSB&T FMV 2,741 2,741
CITY NATIONAL ROCHDALE GOVERNMENT MM FUND-SSB&T FMV 150,175 150,175
NATURAL RESOURCES PARTNERS XII-SSB&T FMV 37,196 37,196
COMMONFUND PRIVATE CREDIT FUND III, L.P.-SSB&T FMV 113,400 113,400
SECONDARY PARTNERS IV-SSB&T FMV 220,345 220,345
FIDELITY 500 INDEX-SSB&T FMV 768,398 768,398
FIDELITY U.S. BOND INDEX FUND-SSB&T FMV 383,499 383,499
GMO RESOURCES CLASS R6-SSB&T FMV 1,817,105 1,817,105
OCIO GLOBAL PRIVATE EQUITY FUND V-SSB&T FMV 15,845 15,845

TY 2023 LegalFeesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 2,763 0   2,763


TY 2023 OtherExpensesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OPERATIONS 60,820 3,221   57,599
TELECOMMUNICATION 24,669 0   24,669
SCHOLARSHIP EVENTS 11,171 0   11,171
FACILITY RENTAL 27,202 0   27,202
PROGRAM SUPPLIES AND MEALS 10,539 0   10,539
ALL OTHER MISC EXPENSES 2,828 0   2,828


TY 2023 OtherIncomeSchedule2
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
VARIOUS K-1   -742,088  


TY 2023 OtherLiabilitiesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Description Beginning of Year - Book Value End of Year - Book Value
VENTURES PARTNER XV - SSBT (NEGATIVE INVESTMENT BALANCE AT YEAR-END) 0 136


TY 2023 OtherProfessionalFeesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 79,603 338,058   0
WEBSITE, SOCIAL MEDIA, MARKETING, BOARD STRATEGIC PLANNING 57,881 0   57,881


TY 2023 TaxesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 120,000 0   0
PAYROLL TAXES 56,157 2,010   54,147
FOREIGN TAXES 0 242   0