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 07-01-2023 , and ending 06-30-2024
Name of foundation
THE LAWRENCE & JUNKO CUSHMAN FOUNDATION
FKA THE CUSHMAN FAMILY FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)591 CAMINO DE LA REINA SUITE 900
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN DIEGO, CA92108
A Employer identification number

33-0206312
B Telephone number (see instructions)

(619) 299-4160
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$7,788,347
J 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 1,730 1,730 1,730
4 Dividends and interest from securities... 69,036 69,036 69,036
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 775,928
b Gross sales price for all assets on line 6a 8,219,852
7 Capital gain net income (from Part IV, line 2)... 775,928
8 Net short-term capital gain......... 281,605
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........ 846,694 846,694 352,371
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 5,300 0 0 0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 1,412 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 53 0 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,765 0 0 0
25 Contributions, gifts, grants paid....... 283,000 283,000
26 Total expenses and disbursements. Add lines 24 and 25 289,765 0 0 283,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 556,929
b Net investment income (if negative, enter -0-) 846,694
c Adjusted net income (if negative, enter -0-)... 352,371
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......... 39,971 47,745 47,745
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)....... 3,518,104 Click to see attachment
List of Attached Documents:
// Content
4,067,259
7,740,602
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)..........      
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) 3,558,075 4,115,004 7,788,347
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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........ 3,558,075 4,115,004
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 3,558,075 4,115,004
30 Total liabilities and net assets/fund balances (see instructions). 3,558,075 4,115,004
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
3,558,075
2
Enter amount from Part I, line 27a .....................
2
556,929
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,115,004
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
4,115,004
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 2000 CARNIVAL CORP   2023-06-20 2023-07-05
b 600 RAYTHEON TECHNOLOGIES   2023-05-26 2023-07-07
c 500 BOEING CO   2023-01-23 2023-07-14
d 400 BOEING CO   2023-02-23 2023-07-14
e 2000 PINTEREST INC   2023-06-28 2023-07-14
600 BLACKSTONE INC   2023-06-27 2023-07-18
300 BLACKSTONE INC   2023-06-28 2023-07-18
2000 KENVUE INC   2023-05-05 2023-07-20
1500 UBER TECHNOLOGIES INC   2023-06-20 2023-07-24
400 MARRIOTT INTERNATIONAL CLASS A   2023-06-22 2023-07-25
1000 MARVELL TECHNOLOGY INC   2023-07-10 2023-07-26
1000 BUILDERS FIRSTSOURCE INC   2023-07-14 2023-08-02
220 NETFLIX INC   2023-06-12 2023-08-04
1200 INGERSOLL RAND INC   2023-08-15 2023-08-28
600 ELF BEAUTY INC   2023-08-17 2023-08-29
200 LOWES COMPANIES INC   2023-07-06 2023-09-06
500 ORACLE CORPORATION   2023-08-28 2023-09-08
1200 KKR & CO INC   2023-07-14 2023-09-12
500 KKR & CO INC   2023-08-08 2023-09-12
1000 MARVELL TECHNOLOGY INC   2023-08-22 2023-09-19
500 MARVELL TECHNOLOGY INC   2023-08-24 2023-09-19
280 VISA INC   2019-07-26 2023-09-26
400 VISA INC   2019-10-25 2023-09-26
320 VISA INC   2021-12-20 2023-09-26
2714 SEMPRA ENERGY   1989-04-20 2023-10-05
1200 EDWARDS LIFESCIENCES CORP   1999-06-08 2023-10-11
550 KIMBERLY CLARK CORP   1999-06-08 2023-10-17
500 KIMBERLY CLARK CORP   2019-04-26 2023-10-17
650 ADVANCED MICRO DEVICES INC   2023-06-14 2023-10-19
350 ADVANCED MICRO DEVICES INC   2023-08-28 2023-10-19
300 ADVANCED MICRO DEVICES INC   2023-08-29 2023-10-19
350 TRANE TECHNOLOGIES PLC   2023-09-18 2023-10-20
1500 UNITED STATES STL CORP   2023-10-02 2023-10-27
490 MODERNA INC   2021-12-29 2023-11-03
1200 UBER TECHNOLOGIES INC   2023-08-01 2023-11-08
220 NVIDIA CORP   2023-11-01 2023-11-09
350 CROWDSTRIKE HOLDINGS INC   2023-10-12 2023-11-14
500 INTERNATIONAL BUSINESS MACHINES CORP   2023-07-24 2023-11-15
400 INTERNATIONAL BUSINESS MACHINES CORP   2023-08-08 2023-11-15
1000 SHOPIFY INC   2023-07-27 2023-11-20
2000 LAS VEGAS SANDS CORP   2023-10-26 2023-11-21
1000 ORACLE CORPORATION   2023-10-16 2023-11-27
200 TESLA INC   2023-09-18 2023-11-29
200 TESLA INC   2023-10-27 2023-11-29
220 SALESFORCE INC   2023-11-22 2023-11-30
2000 UNITED STATES STL CORP   2023-11-03 2023-12-06
350 ABBVIE INC   2023-11-22 2023-12-07
850 INGERSOLL RAND INC   2023-11-28 2023-12-08
500 BOEING CO   2023-11-13 2023-12-11
400 SIMON PROPERTY GROUP INC   2023-11-22 2023-12-14
500 WASTE MANAGEMENT INC   2023-11-07 2023-12-19
515 COINBASE GLOBAL INC   2023-12-05 2023-12-20
520 ISHARES CORE S&P SMALL CAP ETF   2023-11-22 2023-12-26
480 NUCOR CORP   2023-07-27 2023-12-26
400 APPLIED MATERIALS INC   2023-11-16 2023-12-27
600 INTERNATIONAL BUSINESS MACHINES CORP   2023-11-21 2024-01-02
400 HONEYWELL INTL INC   2023-09-27 2024-01-09
1000 SHOPIFY INC   2023-12-26 2024-01-11
500 COINBASE GLOBAL INC   2024-01-03 2024-01-18
400 APPLIED MATERIALS INC   2023-11-16 2024-01-22
330 APPLIED MATERIALS INC   2024-01-16 2024-01-22
440 LOWES COMPANIES INC   2023-12-18 2024-01-24
500 AMERICAN EXPRESS COMPANY   2024-01-09 2024-02-02
1300 WESTERN DIGITAL CORP   2024-01-22 2024-02-06
680 MERCK & CO   2024-01-05 2024-02-07
310 ABBVIE INC   2024-01-16 2024-02-13
310 ABBVIE INC   2024-01-19 2024-02-13
335 SALESFORCE INC   2023-12-21 2024-02-14
185 SALESFORCE INC   2024-01-19 2024-02-14
285 PALO ALTO NETWORKS INC   2024-02-05 2024-02-20
210 NVIDIA CORP   2023-12-01 2024-02-21
330 PALO ALTO NETWORKS INC   2024-02-22 2024-02-26
460 ARM HOLDINGS PLC   2024-02-22 2024-03-04
750 TAIWAN SEMICONDUCTOR MFG CO   2024-02-09 2024-03-06
1000 DONALDSON CO INC   2024-02-29 2024-03-08
650 ARM HOLDINGS PLC   2024-03-12 2024-03-13
570 ISHARES RUSSELL 2000 VALUE ETF   2023-12-12 2024-03-18
760 INGERSOLL RAND INC   2024-03-14 2024-03-21
490 DIGITAL REALTY TRUST INC   2024-03-04 2024-03-22
280 LOWES COMPANIES INC   2024-03-14 2024-03-22
950 AMERICAN INTERNATIONAL GROUP INC   2024-03-07 2024-04-01
1500 INTEL CORP   2023-12-22 2024-04-03
1900 INTEL CORP   2024-01-24 2024-04-03
800 ALPHABET INC CLASS C   2024-02-16 2024-04-16
500 ALPHABET INC CLASS C   2024-03-14 2024-04-16
1000 WALMART INC   2024-02-26 2024-04-16
175 UNITEDHEALTH GROUP INC   2024-03-07 2024-04-22
260 AMERICAN EXPRESS COMPANY   2024-03-07 2024-04-24
1000 VERTIV HOLDINGS LLC   2024-04-24 2024-04-25
250 MICROSOFT CORP   2020-08-05 2024-04-26
50 MICROSOFT CORP   2021-01-06 2024-04-26
240 NOVO NORDISK A/S-ADR   2024-03-15 2024-05-02
310 NOVO NORDISK A/S-ADR   2024-03-19 2024-05-02
1700 PINTEREST INC   2024-03-26 2024-05-01
1100 SHOPIFY INC   2024-04-22 2024-05-07
1000 SAMSARA INC   2024-03-21 2024-05-09
1000 COCA COLA COMPANY   2024-04-30 2024-05-15
1000 ISHARES TRUST US CONSUMER   2024-04-30 2024-05-15
500 MERCK & CO   2024-04-18 2024-05-20
1600 BANK OF AMERICA CORP   2024-04-03 2024-05-22
250 INVESCO   2024-04-18 2024-05-22
800 APOLLO GLOBAL MANAGEMENT INC   2024-05-02 2024-05-28
600 INTERNATIONAL BUSINESS MACHINES CORP   2024-04-26 2024-05-30
1000 EDWARDS LIFESCIENCES CORP   1999-06-08 2024-06-05
1100 SHOPIFY   2024-05-29 2024-06-05
480 ORACLE CORPORATION   2024-03-26 2024-06-10
480 ORACLE CORPORATION   2024-05-15 2024-06-10
100 APPLE INC   2015-08-26 2024-06-11
500 APPLE INC   2015-09-16 2024-06-11
700 TERADYNE INC   2024-05-21 2024-06-14
400 HONEYWELL INTL INC   2024-05-08 2024-06-24
410 JP MORGAN CHASE & CO   2023-12-18 2024-06-26
(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 38,045   31,871 6,174
b 58,497   57,009 1,488
c 106,360   105,321 1,039
d 85,088   83,379 1,709
e 57,237   56,034 1,203
63,879   55,094 8,785
31,939   27,431 4,508
47,952   53,864 -5,912
70,600   63,933 6,667
77,702   70,744 6,958
62,183   60,125 2,058
149,745   141,348 8,397
95,402   92,542 2,860
82,778   81,048 1,730
77,248   73,843 3,405
45,981   44,815 1,166
62,798   58,649 4,149
76,112   73,119 2,993
31,713   30,835 878
53,397   60,896 -7,499
26,699   30,627 -3,928
64,198   51,584 12,614
91,711   71,885 19,826
73,369   67,302 6,067
177,990   27,121 150,869
84,506   1,934 82,572
66,442   10,767 55,675
60,402   63,018 -2,616
67,203   82,277 -15,074
36,186   36,144 42
31,017   32,036 -1,019
65,598   71,906 -6,308
50,091   49,304 787
36,885   116,681 -79,796
59,371   56,206 3,165
102,909   92,324 10,585
71,896   65,918 5,978
76,010   70,178 5,832
60,808   58,333 2,475
68,810   66,477 2,333
98,283   95,834 2,449
115,501   109,778 5,723
49,530   53,430 -3,900
49,530   41,697 7,833
54,403   49,758 4,645
72,171   69,141 3,030
51,108   48,987 2,121
61,808   60,856 952
122,215   102,971 19,244
57,862   48,824 9,038
88,165   85,273 2,892
85,795   75,843 9,952
56,178   50,294 5,884
85,350   81,309 4,041
65,395   62,838 2,557
96,058   93,139 2,919
79,775   75,457 4,318
80,931   77,605 3,326
62,321   77,338 -15,017
66,920   62,838 4,082
55,209   50,528 4,681
93,899   99,184 -5,285
101,886   93,976 7,910
75,973   75,020 953
86,334   80,206 6,128
53,503   50,586 2,917
53,503   51,333 2,170
95,639   89,330 6,309
52,815   51,907 908
103,481   98,134 5,347
143,153   99,470 43,683
96,920   89,954 6,966
66,645   61,620 5,025
105,635   99,505 6,130
73,661   70,702 2,959
84,160   83,024 1,136
86,082   82,952 3,130
71,595   69,219 2,376
67,609   75,234 -7,625
72,282   68,851 3,431
73,342   71,456 1,886
61,345   72,180 -10,835
77,704   93,452 -15,748
124,130   114,395 9,735
77,581   72,200 5,381
59,771   59,462 309
86,375   84,276 2,099
62,019   58,375 3,644
89,621   86,491 3,130
102,775   53,538 49,237
20,555   10,841 9,714
29,836   32,133 -2,297
38,538   40,970 -2,432
67,357   61,059 6,298
84,614   77,083 7,531
38,651   37,566 1,085
62,851   62,513 338
79,641   79,250 391
65,291   62,918 2,373
63,275   60,753 2,522
112,951   106,875 6,076
92,670   89,196 3,474
98,218   100,609 -2,391
86,438   1,611 84,827
67,147   64,287 2,860
60,199   61,124 -925
60,199   58,051 2,148
20,448   2,697 17,751
102,238   14,655 87,583
101,129   97,972 3,157
86,615   79,656 6,959
80,288   68,413 11,875
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       6,174
b       1,488
c       1,039
d       1,709
e       1,203
      8,785
      4,508
      -5,912
      6,667
      6,958
      2,058
      8,397
      2,860
      1,730
      3,405
      1,166
      4,149
      2,993
      878
      -7,499
      -3,928
      12,614
      19,826
      6,067
      150,869
      82,572
      55,675
      -2,616
      -15,074
      42
      -1,019
      -6,308
      787
      -79,796
      3,165
      10,585
      5,978
      5,832
      2,475
      2,333
      2,449
      5,723
      -3,900
      7,833
      4,645
      3,030
      2,121
      952
      19,244
      9,038
      2,892
      9,952
      5,884
      4,041
      2,557
      2,919
      4,318
      3,326
      -15,017
      4,082
      4,681
      -5,285
      7,910
      953
      6,128
      2,917
      2,170
      6,309
      908
      5,347
      43,683
      6,966
      5,025
      6,130
      2,959
      1,136
      3,130
      2,376
      -7,625
      3,431
      1,886
      -10,835
      -15,748
      9,735
      5,381
      309
      2,099
      3,644
      3,130
      49,237
      9,714
      -2,297
      -2,432
      6,298
      7,531
      1,085
      338
      391
      2,373
      2,522
      6,076
      3,474
      -2,391
      84,827
      2,860
      -925
      2,148
      17,751
      87,583
      3,157
      6,959
      11,875
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 2 775,928
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 3 281,605
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 11,769
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 11,769
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,769
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,060
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 3,060
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 8,709
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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 arrowCA
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 arrowLAWRENCE M CUSHMAN Telephone no.right arrow (619) 299-4160

Located atright arrow591 CAMINO DEL LA REINA SUITE 900SAN DIEGOCA ZIP+4right arrow92108
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
LAWRENCE M CUSHMAN PRESIDENT
1.00
0 0 0
591 CAMINO DE LA REINA STE 900
SAN DIEGO,CA92108
JANICE M ZIEGLER DIRECTOR
1.00
0 0 0
591 CAMINO DE LA REINA STE 900
SAN DIEGO,CA92108
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
6,657,195
b
Average of monthly cash balances.......................
1b
149,909
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
6,807,104
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
6,807,104
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
102,107
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,704,997
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
335,250
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
335,250
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
11,769
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,769
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
323,481
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
323,481
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
323,481
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
283,000
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
283,000
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 7 323,481
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 282,070
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$ 283,000
a Applied to 2022, but not more than line 2a 282,070
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..... 930
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 ..........
322,551
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ......
0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
1987-11-24
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).)
LAWRENCE M CUSHMAN
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
aPaid during the year

UNITED WAY OF SAN DIEGO COUNTY

4699 MURPHY CANYON ROAD
SAN DIEGO,CA92123
NONE 501(C)(3) GENERAL/UNRESTRICTED 240,500

CRISIS HOUSE

9550 CUYAMACA ST STE 101
SANTEE,CA92071
NONE 501(C)(3) GENERAL/UNRESTRICTED 35,000

BOSTON COLLEGE

CAMPION HALL 140 COMMONWEALTH AVE
CHESTNUT HILL,MA02467
NONE 501(C)(3) PHILIP CUSHMAN RESEARCH & EDUCATIONAL FUND (ENDOWMENT FUND) 7,500
Total .................................right arrow 3a 283,000
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 ...........
        1,730
4 Dividends and interest from securities ....         69,036
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 ............
        775,928
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP LOSS K-1 STATEMENT
         
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 846,694
13Total. Add line 12, columns (b), (d), and (e)..................
13
846,694
(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.)
1 N/A
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE LAWRENCE & JUNKO CUSHMAN FOUNDATION
 
FKA THE CUSHMAN FAMILY FOUNDATION
EIN:
33-0206312
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREP FEES 5,300 0 0 0

TY 2023 InvestmentsCorpStockSchedule
Name:
THE LAWRENCE & JUNKO CUSHMAN FOUNDATION
 
FKA THE CUSHMAN FAMILY FOUNDATION
EIN:
33-0206312
Name of Stock End of Year Book Value End of Year Fair Market Value
813 COSTCO WHOLE CORP (#1130) 156,227 691,039
4380 EDWARDS LIFESCI CORP (#1130) 13,106 404,581
6900 AMAZON.COM INC (#1130) 563,170 1,333,425
4000 APPLE INC (#1130) 352,231 842,480
950 BERKSHIRE HATHAWAY INC DEL CL B (#1130) 163,525 386,460
1290 JOHNSON & JOHNSON (#1130) 143,821 188,546
2880 MICROSOFT CORP (#1130) 491,023 1,287,216
1790 PROCTER & GAMBLE CO (#1130) 190,034 295,207
4420 ALPHABET INC (#1130) 558,540 805,103
860 TAIWAN SEMICONDUCTOR MFG CO 152,957 149,477
370 AMERICAN EXPRESS COMPANY 85,537 85,674
350 COINBASE GLOBAL INC CLASS A 86,566 77,781
255 ELI LILLY & CO 148,936 230,872
1800 INVESCO EXCHANGE TRADED FR TR 80,250 82,350
460 JPMORGAN & CHASE & CO 77,830 93,040
600 MERCK & CO INC 79,928 74,280
670 NVIDIA CORP 84,965 82,772
270 PALO ALTO NETWORKS INC 86,383 91,533
1610 UBER TECHNOLOGIES INC 123,587 117,015
700 VISA INC 181,954 183,729
620 SIMON PROPERTY GROUP INC 92,838 94,116
920 CHEVRON CORPORATION 153,851 143,906

TY 2023 OtherExpensesSchedule
Name:
THE LAWRENCE & JUNKO CUSHMAN FOUNDATION
 
FKA THE CUSHMAN FAMILY FOUNDATION
EIN:
33-0206312
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEE 33 0 0 0
PUBLICATION 20 0 0 0


TY 2023 TaxesSchedule
Name:
THE LAWRENCE & JUNKO CUSHMAN FOUNDATION
 
FKA THE CUSHMAN FAMILY FOUNDATION
EIN:
33-0206312
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FTB TAXES 75 0 0 0
IRS PRIOR PERIOD 1,199 0 0 0
FOREIGN TAX WITHHOLDING 138 0 0 0