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 COLBURN FAMILY FOUNDATION
C/O STERLING FOUNDATION MANAGEMENT LLC
Number and street (or P.O. box number if mail is not delivered to street address)12030 SUNRISE VALLEY DRIVE 450
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RESTON, VA20191
A Employer identification number

54-1923880
B Telephone number (see instructions)

(703) 437-9720
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$3,537,417J 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) 326,280
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 110,289 110,289  
5a Gross rents............ 75,457 50,767  
b Net rental income or (loss) 75,457
6a Net gain or (loss) from sale of assets not on line 10 263,626
b Gross sales price for all assets on line 6a 2,739,263
7 Capital gain net income (from Part IV, line 2)... 263,626
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).......      
12 Total. Add lines 1 through 11........ 775,652 424,682  
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)....... Click to see attachment
List of Attached Documents:
// Content
40,050 8,000   8,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
125,000 25,000   34,685
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
22,476 0   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
6,589 5,915   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 194,115 38,915   42,685
25 Contributions, gifts, grants paid....... 544,220 544,220
26 Total expenses and disbursements. Add lines 24 and 25 738,335 38,915   586,905
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 37,317
b Net investment income (if negative, enter -0-) 385,767
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............. 460,030 271,520 271,520
2 Savings and temporary cash investments......... 116,737 515,993 515,993
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.......... 34,753 38,239 38,239
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).......... 2,581,878 Click to see attachment
List of Attached Documents:
// Content
2,461,977 		2,708,926
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
9,786 		Click to see attachment
List of Attached Documents:
// Content
2,739 		Click to see attachment
List of Attached Documents:
// Content
2,739
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,203,184 3,290,468 3,537,417
Liabilities 17 Accounts payable and accrued expenses.......... 25 25
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
187,442 		Click to see attachment
List of Attached Documents:
// Content
237,409
23 Total liabilities (add lines 17 through 22)......... 187,467 237,434
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........... 3,015,717 3,053,034
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)..... 3,015,717 3,053,034
30 Total liabilities and net assets/fund balances (see instructions). 3,203,184 3,290,468
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
3,015,717
2
Enter amount from Part I, line 27a .....................
2
37,317
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,053,034
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
3,053,034
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 GRANITE POINT P    
b GENIE ENERGY LTD D    
c COMPUTERSHARE FOR STATE OF ISRAEL P 2022-02-01 2023-12-31
d US TREASURY NOTES P 2023-04-06 2023-10-31
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 386,900   124,357 262,543
b 327,363   326,280 1,083
c 25,000   25,000 0
d 2,000,000   2,000,000 0
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       262,543
b       1,083
c       0
d       0
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 263,626
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 5,362
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 5,362
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 5,362
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 12,000
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 12,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 134
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 6,504
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow6,504 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
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 arrowN/A
14
The books are in care ofright arrowSTERLING FOUNDATION MANAGEMENT Telephone no.right arrow (703) 437-9720

Located atright arrow12030 SUNRISE VALLEY DRIVE STE 450RESTONVA ZIP+4right arrow20191
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
Yes
 
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DAVID COLBURN PRESIDENT/SECRETARY
1.00 		0 0 0
12030 SUNRISE VALLEY DRIVE
RESTON,VA20191
KATHLEEN COLBURN VICE PRES/TREASURER
1.00 		0 0 0
12030 SUNRISE VALLEY DRIVE
RESTON,VA20191
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
STERLING FOUNDATION MANAGEMENT LLC MANAGEMENT FEES 125,000
12030 SUNRISE VALLEY DR STE 450
RESTON,VA20191
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
2,056,999
b
Average of monthly cash balances.......................
1b
617,989
c
Fair market value of all other assets (see instructions)................
1c
40,143
d
Total (add lines 1a, b, and c).........................
1d
2,715,131
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
2,715,131
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
40,727
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,674,404
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
133,720
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
133,720
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,362
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
827
c
Add lines 2a and 2b............................
2c
6,189
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
127,531
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
127,531
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
127,531
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
586,905
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
586,905
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 7 127,531
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...... 321,675
b From 2019...... 294,456
c From 2020...... 303,812
d From 2021...... 256,168
e From 2022...... 352,032
f Total of lines 3a through e ........ 1,528,143
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 586,905
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..... 127,531
e Remaining amount distributed out of corpus 459,374
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 1,987,517
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) ... 		321,675
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,665,842
10 Analysis of line 9:
a Excess from 2019.... 294,456
b Excess from 2020.... 303,812
c Excess from 2021.... 256,168
d Excess from 2022.... 352,032
e Excess from 2023.... 459,374
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).)
DAVID COLBURN
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:
STERLING FOUNDATION MANAGEMENT LLC
12030 SUNRISE VALLEY DRIVE STE 450
RESTON,VA20191
(703) 437-9720
bThe form in which applications should be submitted and information and materials they should include:
NONE PRESCRIBED
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
RECOGNIZED SECTION 501(C)(3) CHARITABLE ORGANIZATIONS ONLY
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

ACLU OF FLORIDA

4343 W FLAGLER ST SUITE 400
MIAMI,FL33134 		NONE 501(C)(3) GENERAL SUPPORT 25,000

ALEPH INSTITUTE

9540 COLLINS AVENUE
MIAMI,FL33154 		NONE 501(C)(3) ASSISTING THOSE IN NEED 26,000

AMERICAN CANCER SOCIETY

PO BOX 42040
OKLAHOMA CITY,OK73123 		NONE 501(C)(3) MEDICAL 1,800

AMERICAN FRIENDS OF JORDAN RIVER VILLAGE

244 MADISON AVENUE SUITE 482
NEW YORK,NY10016 		NONE 501(C)(3) ASSISTING YOUTH 1,800

AMERICAN FRIENDS OF MESHI

7711 SAN MATEO DRIVE
BOCA RATON,FL33433 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 4,000

AMERICAN SOCIETY FOR THE PROTECTION OF NATURE IN ISRAEL

28 ARRANDALE AVENUE
GREAT NECK,NY11024 		NONE 501(C)(3) GENERAL SUPPORT 500

BEACH BUCKET FOUNDATION

13359 24TH COURT NORTH
LOXAHATCHEE,FL33470 		NONE 501(C)(3) GENERAL SUPPORT 500

BETH MEDRASH HAZOHAR

45 SKYLINE DRIVE
LAKEWOOD,NJ08701 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 1,500

BETH SHOLOM CONGRE & TALMUD

11825 SEVEN LOCKS ROAD
POTOMAC,MD20854 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 3,060

BIKUR CHOLIM OF GREATER WASHINGTON

12320 PARKLAWN DRIVE
ROCKVILLE,MD20852 		NONE 501(C)(3) ASSISTING THOSE IN NEED 1,800

BOCA RATON PHILHARMONIC SYMPHONIA INC

2285 POTOMAC ROAD
BOCA RATON,FL33431 		NONE 501(C)(3) GENERAL SUPPORT 1,000

BOCA RATON REGIONAL HOSPITAL FOUNDATION

745 MEADOWS ROAD
BOCA RATON,FL33486 		NONE 501(C)(3) MEDICAL 10,360

BOCA WEST CHILDREN'S FOUNDATION

20583 BOCA WEST DRIVE
BOCA RATON,FL33434 		NONE 501(C)(3) ASSISTING YOUTH 1,500

BOYS & GIRLS CLUB OF PALM BEACH COUNTY

800 NORTHPOINT PARKWAY STE 204
WEST PALM BEACH,FL33407 		NONE 501(C)(3) ASSISTING YOUTH 2,500

BOYS & GIRLS CLUBS OF PASADENA

3230 E DEL MAR BLVD
PASADENA,CA91107 		NONE 501(C)(3) ASSISTING YOUTH 2,500

CHABAD AT THE CITY OF DELRAY BEACH

1220 SEA GRAPE CIRCLE
DELRAY BEACH,FL33445 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 2,510

CHABAD AT THE UNIVERSITY OF MIAMI

1251 HARDEE ROAD
CORAL GABLES,FL33146 		NONE 501(C)(3) ASSISTING YOUTH 1,800

CHABAD OF EAST DELRAY

306 NW 1ST STREET
DELRAY BEACH,FL33444 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 24,000

CHABAD OF MEDELLIN COLOMBIA INC

261 WASHINGTON AVENUE
CEDARHURST,NY11516 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 1,000

CHABAD OF PASADENA

1090 EAST WALNUT STREET
PASADENA,CA91106 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 540

CHABAD OF POTOMAC

11826 SEVEN LOCKS ROAD
POTOMAC,MD20854 		NONE 501(C)(3) ASSISTING THOSE IN NEED 9,000

CHAI LIFELINE

151 W 30TH STREET 3RD FLOOR
NEW YORK,NY10001 		NONE 501(C)(3) MEDICAL 6,000

CHAI4EVER

1221 MADISON AVENUE
LAKEWOOD,NJ08701 		NONE 501(C)(3) MEDICAL 6,000

CITYHOUSE DELRAY BEACH

PO BOX 8451
DELRAY BEACH,FL33482 		NONE 501(C)(3) GENERAL SUPPORT 1,800

COMMUMITY CHILD CARE CENTER OF DELRAY BEACH

555 NW 4TH STREET
DELRAY BEACH,FL33444 		NONE 501(C)(3) ASSISTING YOUTH 1,500

CONG SFAT TAMMIN

1376 EAST 10TH STREET
BROOKLYN,NY11230 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 4,500

CONGREGATION SUPPORTERS OF TORAH

463 E 9TH STREET
BROOKLYN,NY11218 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 3,600

CRISTO REY COMMUNITY CENTER

1717 N HIGH STREET
LANSING,MI48906 		NONE 501(C)(3) GENERAL SUPPORT 250

DELRAY BEACH CHILDREN'S GARDEN

3537 LAKEVIEW BLVD
DELRAY BEACH,FL33445 		NONE 501(C)(3) ASSISTING YOUTH 500

DELRAY BEACH HISTORICAL SOCIETY

3 NE 1ST STREET
DELRAY BEACH,FL33444 		NONE 501(C)(3) GENERAL SUPPORT 1,000

DELRAY BEACH PLAYHOUSE

950 NW 9TH STREET
DELRAY BEACH,FL33444 		NONE 501(C)(3) OTHER 1,000

DELRAY BEACH PUBLIC LIBRARY

100 WEST ATLANTIC AVENUE
DELRAY BEACH,FL33444 		NONE 501(C)(3) GENERAL SUPPORT 1,800

DELRAY BEACH YOUTH TENNIS FOUNDATION

11714 DUNES ROAD
BOYNTON BEACH,FL33436 		NONE 501(C)(3) ASSISTING YOUTH 2,500

DELRAY CHAMBER EDUCATION FUND

140 NE 1ST STREET
DELRAY BEACH,FL33444 		NONE 501(C)(3) ASSISTING YOUTH 1,800

EVERGLADES FOUNDATION

18001 OLD CUTLER ROAD SUITE 625
PALMETTO BAY,FL33157 		NONE 501(C)(3) GENERAL SUPPORT 1,000

EZER MIZION

5225 NEW UTRECHT AVE 3RD FLOOR
BROOKLYN,NY11219 		NONE 501(C)(3) MEDICAL 1,800

FAMILIES AGAINST MANDATORY MINIMUMS

1100 H STREET NW SUITE 1000
WASHINGTON,DC20005 		NONE 501(C)(3) ASSISTING THOSE IN NEED 10,000

FL RIGHTS RESTORATION COALITION EDUCATION FUND

4081 LB MCLEOD RD UNIT C
ORLANDO,FL32811 		NONE 501(C)(3) GENERAL SUPPORT 500

FRIENDS IN DEED

PO BOX 41125
PASADENA,CA911148125 		NONE 501(C)(3) ASSISTING THOSE IN NEED 500

FRIENDS OF MEOR ISRAEL

3725 SEVERN ROAD
CLEVELAND HEIGHTS,OH44118 		NONE 501(C)(3) ISRAEL AND ZIONISM 1,000

FRIENDS OF ZIVHAY ZEDEK CO DARIN ZAGA

1439 EAST 14TH STREET
BROOKLYN,NY11229 		NONE 501(C)(3) FOSTERING JEWISH EDUCATION 1,000

HOLT COMMUNITY FOOD BANK

PO BOX 577
HOLT,MI48842 		NONE 501(C)(3) ASSISTING THOSE IN NEED 1,000

HOSPICE OF LANSING

3186 PINE TREE ROAD
LANSING,MI48911 		NONE 501(C)(3) MEDICAL 360

INNER CITY INNOVATORS

313 DATURA ST SUITE 200
WEST PALM BEACH,FL33401 		NONE 501(C)(3) ASSISTING YOUTH 1,000

INSTITUTE FOR DAYANIM

2048 EAST 17 STREET
BROOKLYN,NY11229 		NONE 501(C)(3) FOSTERING JEWISH EDUCATION 3,600

INTERFAITH COMMITTEE FOR SOCIAL SERVICES INC

942 SOUTHWEST 34TH COURT
BOYNTON BEACH,FL33435 		NONE 501(C)(3) ASSISTING THOSE IN NEED 1,000

INTERNATIONAL FOUNDATION FOR CHILDREN WCRANIALFACIAL DISORDERS

250 DIXIE BLVD SUITE 100
DELRAY BEACH,FL33444 		NONE 501(C)(3) MEDICAL 500

ISAAC AGREE DOWNTOWN SYNAGOGUE

1457 GRISWOLD STREET
DETROIT,MI48226 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 2,520

JACK THE BIKE MAN INC

2406 FLORIDA AVENUE
WEST PALM BEACH,FL33401 		NONE 501(C)(3) ASSISTING YOUTH 1,000

JEWISH FEDERATION OF SOUTH PALM BEACH COUNTY

9901 DONNA KLEIN BOULEVARD
BOCA RATON,FL33428 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 100,000

KIDS CONNECT CHARITABLE FUND

12030 SUNRISE VALLEY DRIVE SUITE
450
RESTON,VA20191 		NONE 501(C)(3) ASSISTING YOUTH 105,000

LECHEM LASOVA

1630 44TH STREET
BROOKLYN,NY11204 		NONE 501(C)(3) ASSISTING THOSE IN NEED 15,000

MARINA SHUL BEIT MENACHEM

2532 LINCOLN BLVD
MARINA DEL REY,CA90292 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 3,000

MARINE EDUCATION INITIATIVE INC

604 BANYAN TRAIL 810102
BOCA RATON,FL33481 		NONE 501(C)(3) OTHER 20,000

MARYLAND HILLEL

7612 MOWATT LANE
COLLEGE PARK,MD20740 		NONE 501(C)(3) HIGHER EDUCATION 12,500

MELVIN J BERMAN HEBREW ACADEMY

13300 ARCTIC AVENUE
ROCKVILLE,MD20853 		NONE 501(C)(3) FOSTERING JEWISH EDUCATION 2,000

MOBILE MITZVAH CENTER ISRAEL

820 EASTERN PARKWAY
BROOKLYN,NY11213 		NONE 501(C)(3) FOSTERING JEWISH CULTURE 500

MOTHERS AGAINST MURDERERS ASSOCIATION

1897 PALM BEACH LAKES BLVD
WEST PALM BEACH,FL33409 		NONE 501(C)(3) GENERAL SUPPORT 1,000

MUNSON HOSPICE HOUSE

450 BROOK STREET
TRAVERSE CITY,MI49684 		NONE 501(C)(3) MEDICAL 360

NEW VENTURE FUND-FINES & FEES JUSTICE CENTER

PO BOX 37734
BALTIMORE,MD21297 		NONE 501(C)(3) GENERAL SUPPORT 500

NORTH PALM YOUTH SYMPHONY

4260 APPLECREST DR
PALM BEACH GARDENS,FL33410 		NONE 501(C)(3) ASSISTING YOUTH 1,000

OPERATION EMBRACE

350-C FORTUNE TERRACE PMB 209
POTOMAC,MD20854 		NONE 501(C)(3) ISRAEL AND ZIONISM 7,500

PASADENA PLAYHOUSE STATE THEATRE OF CALIFORNIA

600 PLAYHOUSE ALLEY NO 300
PASADENA,CA91101 		NONE 501(C)(3) GENERAL SUPPORT 1,000

PASADENA SENIOR CENTER

85 EAST HOLLY STREET
PASADENA,CA91103 		NONE 501(C)(3) GENERAL SUPPORT 1,800

PASADENA SYMPHONY

2 NORTH LAKE AVE SUITE 1080
PASADENA,CA91101 		NONE 501(C)(3) GENERAL SUPPORT 1,000

RUTH & NORMAN RALES JEWISH FAMILY SERVICES

21300 RUTH BARON COLEMAN BLVD
BOCA RATON,FL33428 		NONE 501(C)(3) ASSISTING THOSE IN NEED 1,800

SALVATION ARMY - PASADENA SOCIAL SERVICES

960 E WALNUT STREET
PASADENA,CA91106 		NONE 501(C)(3) ASSISTING THOSE IN NEED 10,000

SANDOWAY DISCOVERY CENTER

142 S OCEAN BLVD
DELRAY BEACH,FL33483 		NONE 501(C)(3) GENERAL SUPPORT 2,500

SPADY CULTURAL HERITAGE MUSEUM

170 NW 5TH AVENUE
DELRAY BEACH,FL33444 		NONE 501(C)(3) GENERAL SUPPORT 10,000

SPECIAL OLYMPICS

1133 19TH STREET NW
WASHINGTON,DC20036 		NONE 501(C)(3) GENERAL SUPPORT 1,800

STREETWAVES INC

PO BOX 8314
DELRAY BEACH,FL33482 		NONE 501(C)(3) ASSISTING YOUTH 1,800

SWIM UP HILL FOUNDATION INC

3206 W 11TH PL
INGLEWOOD,CA90303 		NONE 501(C)(3) GENERAL SUPPORT 1,800

THE GIVING BACK FUND

500 COMMERCIAL ST SUITE 4R
BOSTON,MA02109 		NONE 501(C)(3) OTHER 7,500

THE NATURE CONSERVANCY

101 E CESAR E CHAVEZ AVENUE
LANSING,MI48906 		NONE 501(C)(3) GENERAL SUPPORT 360

THE PALM BEACH COUNTY LITERACY COALITION

3651 QUANTUM BLVD
BOYNTON BEACH,FL33426 		NONE 501(C)(3) GENERAL SUPPORT 1,800

THE WEST ATLANTIC REDEVELOPMENT COALITION

PO BOX 8083
DELRAY BEACH,FL33482 		NONE 501(C)(3) ASSISTING THOSE IN NEED 20,000

US FRIENDS OF YAD EZRAH

12A NORTH AIRMONT ROAD
SUFFERN,NY10901 		NONE 501(C)(3) ASSISTING THOSE IN NEED 5,000

UNIV OF WISCONSIN BENCHERS' SOCIETY

1848 UNIVERSITY AVENUE
MADISON,WI53726 		NONE 501(C)(3) HIGHER EDUCATION 2,500

US AGAINST ALZHEIMER'S BEA LERNER FUND

2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD20815 		NONE 501(C)(3) MEDICAL 1,000

US HOLOCAUST MEMORIAL MUSEUM

100 RAOUL WALLENBERG PL SW
WASHINGTON,DC20024 		NONE 501(C)(3) ISRAEL AND ZIONISM 1,000

WISCONSIN EQUAL JUSTICE FUND

PO BOX 475
WAUSAU,WI54402 		NONE 501(C)(3) GENERAL SUPPORT 500

YESHIVA OF GREATER WASHINGTON

2010 LINDEN AVENUE
SILVER SPRING,MD20910 		NONE 501(C)(3) FOSTERING JEWISH EDUCATION 20,000

YESHIVAT CHOVEVEI TORAH RABBINICAL SCHOOL

3700 HENRY HUDSON PARKWAY 2ND FLOOR
RIVERDALE,NY10463 		NONE 501(C)(3) FOSTERING JEWISH EDUCATION 1,000
Total .................................right arrow 3a 544,220
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 ....     14 110,289  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531110 24,690 01 50,767  
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 ............ 		    18 263,626  
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) .. 24,690 424,682 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
449,372
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE COLBURN FAMILY FOUNDATION
C/O STERLING FOUNDATION MANAGEMENT LLC
Employer identification number

54-1923880
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE COLBURN FAMILY FOUNDATION
C/O STERLING FOUNDATION MANAGEMENT LLC 		Employer identification number
54-1923880
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
BRICKYARD VENTURES INC
 
917 BUCIDA ROAD UNIT D
 
DELRAY BEACH, FL33483

$ 326,280


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE COLBURN FAMILY FOUNDATION
C/O STERLING FOUNDATION MANAGEMENT LLC 		Employer identification number

54-1923880
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE COLBURN FAMILY FOUNDATION
C/O STERLING FOUNDATION MANAGEMENT LLC 		Employer identification number

54-1923880
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE COLBURN FAMILY FOUNDATION
 
C/O STERLING FOUNDATION MANAGEMENT LLC
EIN:
54-1923880
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 40,050 8,000   8,000

TY 2023 InvestmentsOtherSchedule2
Name:
THE COLBURN FAMILY FOUNDATION
 
C/O STERLING FOUNDATION MANAGEMENT LLC
EIN:
54-1923880
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ISRAEL BONDS AT COST 25,000 25,000
WELLS FARGO AT COST 459,692 360,749
INVESTMENT IN LEGACY TYSONS, LLC AT COST 27,311 27,311
INVESTMENT IN GRANITE POINT AT COST 0 328,646
WELLS FARGO INVESTMENT - US TREASURY AT COST 1,949,974 1,967,220

TY 2023 OtherAssetsSchedule
Name:
THE COLBURN FAMILY FOUNDATION
 
C/O STERLING FOUNDATION MANAGEMENT LLC
EIN:
54-1923880
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PIONEER DIVIDEND RECEIVABLE 1,529 1,699 1,699
STATE TAX RECEIVABLE 8,257 0 0
TAX REFUND RECEIVABLE   205 205
ALLSPRING DIVIDEND RECEIVABLE   835 835


TY 2023 OtherExpensesSchedule
Name:
THE COLBURN FAMILY FOUNDATION
 
C/O STERLING FOUNDATION MANAGEMENT LLC
EIN:
54-1923880
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGACY AIRWEST IX - INTEREST EXPENSE FROM DEBT-FINANCED DISTRIBUTIONS 5,915 5,915   0
LEGACY TYSONS - NONDEDUCTIBLE 469 0   0
PENALTIES 205 0   0


TY 2023 OtherLiabilitiesSchedule
Name:
THE COLBURN FAMILY FOUNDATION
 
C/O STERLING FOUNDATION MANAGEMENT LLC
EIN:
54-1923880
Description Beginning of Year - Book Value End of Year - Book Value
INVESTMENT IN LEGACY AIRWEST IX, LLC 187,442 237,409


TY 2023 OtherProfessionalFeesSchedule
Name:
THE COLBURN FAMILY FOUNDATION
 
C/O STERLING FOUNDATION MANAGEMENT LLC
EIN:
54-1923880
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 125,000 25,000   34,685


TY 2023 TaxesSchedule
Name:
THE COLBURN FAMILY FOUNDATION
 
C/O STERLING FOUNDATION MANAGEMENT LLC
EIN:
54-1923880
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE TAXES 8,257 0   0
EXCISE TAX 14,219 0   0