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 BEACON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)ONE BEACON CENTRE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WARWICK, RI028861378
A Employer identification number

85-4065871
B Telephone number (see instructions)

(401) 825-2667
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$4,160,164J 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) 750,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 6,861 6,861  
4 Dividends and interest from securities... 69,998 69,998  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -19,253
b Gross sales price for all assets on line 6a 2,320,476
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 807,606 76,859  
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)......... Click to see attachment
List of Attached Documents:
// Content
453 0   453
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
20,074 8,348   11,726
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,561 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
1,383 0   1,383
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 23,471 8,348   13,562
25 Contributions, gifts, grants paid....... 153,650 153,650
26 Total expenses and disbursements. Add lines 24 and 25 177,121 8,348   167,212
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 630,485
b Net investment income (if negative, enter -0-) 68,511
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............. 46,108 47,986 47,986
2 Savings and temporary cash investments......... 132,408 157,984 157,984
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   1,000,000    
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)....... 1,466,519 Click to see attachment
List of Attached Documents:
// Content
1,639,695 		1,639,695
c Investments—corporate bonds (attach schedule)....... 645,591 Click to see attachment
List of Attached Documents:
// Content
2,294,946 		2,294,946
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) Click to see attachment
List of Attached Documents:
// Content
4,477 		Click to see attachment
List of Attached Documents:
// Content
19,553 		Click to see attachment
List of Attached Documents:
// Content
19,553
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,295,103 4,160,164 4,160,164
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........... 3,295,103 4,160,164
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)..... 3,295,103 4,160,164
30 Total liabilities and net assets/fund balances (see instructions). 3,295,103 4,160,164
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
3,295,103
2
Enter amount from Part I, line 27a .....................
2
630,485
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
234,576
4
Add lines 1, 2, and 3 ..........................
4
4,160,164
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
4,160,164
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,320,476   2,339,729 -19,253
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -19,253
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -19,253
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) 1 952
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........................... 3 952
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- ..... 5 952
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,000
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 1,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 48
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow48 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
 
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 arrowRI
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrowBEACONMUTUAL.COM/THE-BEACON-FOUNDATION/
14
The books are in care ofright arrowAMY C VITALE Telephone no.right arrow (401) 825-2667

Located atright arrowONE BEACON CENTREWARWICKRI ZIP+4right arrow028861378
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
BRIAN J SPERO PRESIDENT, CEO & DIRECTOR
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
AMY C VITALE VICE PRESIDENT, SECRETARY & DIRECTOR
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
GREGG C TUMEINSKI CFO & TREASURER
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
PAMELA L ALARIE DIRECTOR (TO FEB '23)
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
SHANNON BROADBENT DIRECTOR (FROM FEB '23)
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
RAJANI MAHADEVAN DIRECTOR
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
RICHARD LENTO DIRECTOR
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
RAYMOND C COIA DIRECTOR
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
MICHELLE PELLETIER DIRECTOR
1.00 		0 0 0
ONE BEACON CENTRE
WARWICK,RI028861378
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 CHARITABLE GIVING AND GRANT MAKING TO 501(C)(3) ORGANIZATIONS. THE FOUNDATION SUPPORTED 87 ORGANIZATIONS DURING THE YEAR. 167,212
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
3,270,888
b
Average of monthly cash balances.......................
1b
184,842
c
Fair market value of all other assets (see instructions)................
1c
19,553
d
Total (add lines 1a, b, and c).........................
1d
3,475,283
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
3,475,283
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
52,129
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,423,154
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
171,158
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
171,158
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
952
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
952
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
170,206
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
170,206
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
170,206
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
167,212
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
167,212
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 7 170,206
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 10,288
f Total of lines 3a through e ........ 10,288
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 167,212
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..... 167,212
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 2,994 2,994
(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 7,294
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		7,294
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 7,294
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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:
AMY C VITALE
ONE BEACON CENTRE
WARWICK,RI028861378
(401) 825-2681
AVITALE@BEACONMUTUAL.COM
bThe form in which applications should be submitted and information and materials they should include:
NAME AND ADDRESS; PRINCIPAL DIRECTOR'S NAME; STATUS AS A QUALIFIED 501 (C)(3) ORGANIZATION; STATEMENT OF THE NATURE AND PRINCIPAL PURPOSE OF THE FUNDING REQUEST; DETAILS ON HOW THE REQUEST WILL IMPROVE THE STATE OF RHODE ISLAND AND SUPPORT ITS BUSINESS, EDUCATIONAL, NONPROFIT AND CULTURAL COMMUNITY; CONTACT INFORMATION FOR THE REQUEST; AND THE WEB ADDRESS. REQUESTS FOR FUNDING OF $5,000 OR LESS SHOULD BE MADE ON THE ORGANIZATION'S LETTERHEAD. REQUESTS OF GREATER THAN $5,000 MAY BE MADE ON A WRITTEN GRANT APPLICATION WHICH, AMONG OTHER DETAILS, MAY INCLUDE THE FOLLOWING: STATEMENT OF THE PRINCIPAL PURPOSE OF THE ORGANIZATION, INCLUDING DETAIL REGARDING ITS PROJECTS AND GOALS; FINANCIAL AUDIT, COMPILATION OR REVIEW; DETAILS OF THE ORGANIZATION'S CURRENT OPERATING BUDGET AND REASONABLE AND ADEQUATE ACCOUNTING PROCEDURE; AND THE ORGANIZATION'S SOURCES OF INCOME, SUCH AS MAJOR CONTRIBUTORS OR SUPPORTERS, OTHER GRANTS, PRIVATE ENDOWMENTS AND COMMERCIAL ACTIVITIES.
cAny submission deadlines:
NOT APPLICABLE, SUBMISSIONS ARE ROLLING.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE BOARD, AT ITS DISCRETION, MAY REFUSE TO MAKE ANY GRANTS OR CONTRIBUTIONS OR OTHER FINANCIAL ASSISTANCE. THE BOARD HAS THE DISCRETION TO WITHDRAW ITS APPROVAL OF ANY FUNDING AT ANY TIME. THE BOARD MAY DETERMINE WHEN TO REQUIRE THAT FUNDING RECIPIENTS FURNISH A PERIODIC AND/OR FINAL ACCOUNTING TO SHOW THAT THE FUNDS WERE EXPENDED FOR BOARD-APPROVED PURPOSES. IF INSUFFICIENT INFORMATION IS PROVIDED, THE BOARD MAY REQUEST FURTHER INFORMATION. ALL DECISIONS ARE AT THE SOLE DISCRETION OF THE BOARD. UNLESS OTHERWISE DETERMINED BY THE BOARD, AWARDED GRANTS MUST BE SPENT WITHIN ONE YEAR OF THE FUNDING DATE OR THE FUNDS MUST BE RETURNED. IN THE EVENT THAT THE ORIGINAL PURPOSE FOR WHICH THE GRANT WAS PROVIDED CANNOT BE ACCOMPLISHED BECAUSE OF UNFORESEEN EVENTS OR CIRCUMSTANCES, GRANT FUNDS WILL BE RETURNED TO THE FOUNDATION. ANY REQUESTS TO CHANGE THE PURPOSE OF THE GRANT MUST BE SUBMITTED IN WRITING TO THE BOARD, AND CHANGE REQUESTS MUST BE SUBMITTED AND APPROVED PRIOR TO USE OF THE FUNDS.
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

A WISH COME TRUE INC

1010 WARWICK AVE
WARWICK,RI02888 		  PC GENERAL SUPPORT 1,200

ALS ASSOCIATION RHODE ISLAND CHAPTER

2374 POST RD STE 103
WARWICK,RI02886 		  PC GENERAL SUPPORT 1,025

AMEGO INC

33 PERRY AVE
ATTLEBORO,MA02703 		  PC GENERAL SUPPORT 1,000

AMENITY AID

33 PLAN WAY BLDG 3B
WARWICK,RI02886 		  PC GENERAL SUPPORT 1,500

AMERICAN CANCER SOCIETY INC

3380 CHASTAIN MEADOWS PKWY STE 200
KENNESAW,GA30144 		  PC GENERAL SUPPORT 1,125

AMERICAN HEART ASSOCIATION

1 STATE ST
PROVIDENCE,RI02908 		  PC GENERAL SUPPORT 2,900

AMOS HOUSE

460 PINE ST
PROVIDENCE,RI02907 		  PC GENERAL SUPPORT 800

ANGELS GIVING BACK

7 JOSEPHINE DRIVE
SMITHFIELD,RI02917 		  PC GENERAL SUPPORT 2,000

AQUIDNECK LAND TRUST

790 AQUIDNECK AVE
MIDDLETOWN,RI02842 		  PC GENERAL SUPPORT 500

BIG BROTHER BIG SISTERS OF RHODE ISLAND

188 VALLEY ST STE 125
PROVIDENCE,RI02909 		  PC GENERAL SUPPORT 2,100

BOYS AND GIRLS CLUB OF NEWPORT COUNTY INC

95 CHURCH ST
NEWPORT,RI02840 		  PC GENERAL SUPPORT 1,000

BOYS AND GIRLS CLUB OF PAWTUCKET

ONE MOELLER PLACE
PAWTUCKET,RI02860 		  PC GENERAL SUPPORT 2,500

BOYS AND GIRLS CLUBS OF WARWICK

42 FREDERICK ST
WARWICK,RI02888 		  PC GENERAL SUPPORT 2,700

BRYANT UNIVERSITY

1150 DOUGLAS PIKE
SMITHFIELD,RI02917 		  PC GENERAL SUPPORT 2,500

BUTLER HOSPITAL FOUNDATION

345 BLACKSTONE BLVD
PROVIDENCE,RI02906 		  SO I GENERAL SUPPORT 1,500

CHILD AND FAMILY SERVICES OF NEWPORT COUNTY INC

31 JOHN CLARKE RD
MIDDLETOWN,RI02842 		  PC GENERAL SUPPORT 1,500

CHILDRENS FRIEND AND SERVICE

153 SUMMER ST
PROVIDENCE,RI02903 		  PC GENERAL SUPPORT 100

CLEAN OCEAN ACCESS

21 JOHN CLARKE RD
MIDDLETOWN,RI02842 		  PC GENERAL SUPPORT 400

CLOTHES TO KIDS RI INC

77 RESERVOIR AVE
PROVIDENCE,RI02907 		  PC GENERAL SUPPORT 1,000

COMMUNITY BOATING CENTER INC

PO BOX 5849
PROVIDENCE,RI02903 		  PC GENERAL SUPPORT 1,000

COMMUNITY COLLEGE OF RHODE ISLAND FOUNDATION

1762 LOUISQUISSET PIKE
LINCOLN,RI02865 		  PC GENERAL SUPPORT 4,000

CROSSROADS RHODE ISLAND

160 BRD ST
PROVIDENCE,RI02903 		  PC GENERAL SUPPORT 5,500

CULTURAL ORGANIZATION FOR THE ARTS

PO BOX 258
EAST GREENWICH,RI02818 		  PC GENERAL SUPPORT 500

DORCUS INTERNATIONAL INSTITUTE OF RI

645 ELMWOOD AVE
PROVIDENCE,RI02907 		  PC GENERAL SUPPORT 2,900

DR MARTIN LUTHER KING JR COMMUNITY CENTER

20 DR MARCUS WHEATLAND BLVD
NEWPORT,RI02840 		  PC GENERAL SUPPORT 2,000

EAST GREENWICH ANIMAL PROTECTION LEAGUE INC

44 WORTHINGTON RD
CRANSTON,RI02920 		  PC GENERAL SUPPORT 500

FAMILY SERVICES OF RHODE ISLAND INC

55 HOPE ST PO BOX 6688
PROVIDENCE,RI02940 		  PC GENERAL SUPPORT 1,000

FARM FRESH RHODE ISLAND

10 SIMS AVE NO 103
PROVIDENCE,RI02909 		  PC GENERAL SUPPORT 2,000

FEDERAL HILL HOUSE ASSOCIATION INC

9 COURTLAND ST
PROVIDENCE,RI02909 		  PC GENERAL SUPPORT 100

FIRSTWORKS

235 PROMENADE ST STE 130
PROVIDENCE,RI02908 		  PC GENERAL SUPPORT 1,500

GIRL SCOUTS OF SOUTHEASTERN NEW ENGLAND

500 GREENWICH AVE
WARWICK,RI02886 		  PC GENERAL SUPPORT 1,700

GOTTA HAVE SOLE FOUNDATION INC

39 EAST BEL AIR RD
CRANSTON,RI02920 		  PC GENERAL SUPPORT 500

GREATER PROVIDENCE YOUNG MENS CHRISTIAN ASSOC

21 PEACE ST FL 6
PROVIDENCE,RI02907 		  PC GENERAL SUPPORT 1,950

GREGGS GIVING TREE INC

214B MAIN ST
EAST GREENWICH,RI02818 		  PC GENERAL SUPPORT 3,500

THE GRODEN CENTER INC

610 MANTON AVE
PROVIDENCE,RI02909 		  PC GENERAL SUPPORT 1,000

HARMONY HILL SCHOOL

63 HARMONY HILL RD
CHEPACHET,RI02814 		  PC GENERAL SUPPORT 200

HASBRO CHILDRENS HOSPITAL RI HOSPITAL FOUNDATION

167 POINT ST
PROVIDENCE,RI02903 		  PC GENERAL SUPPORT 1,000

HOPE ALZHEIMERS CENTER

25 BRAYTON AVE
CRANSTON,RI02920 		  PC GENERAL SUPPORT 1,100

HOPEHEALTH HOSPICE AND PALLIATIVE CARE RI

1085 NORTH MAIN ST
PROVIDENCE,RI02904 		  PC GENERAL SUPPORT 3,200

HOUSE OF HOPE COMMUNITY DEVELOPMENT CORPORATION

3188 POST RD
WARWICK,RI02886 		  PC GENERAL SUPPORT 2,500

IMPACT MELANOMA INC

490 VIRGINIA RD STE 9
CONCORD,MA01742 		  PC GENERAL SUPPORT 1,000

J ARTHUR TRUDEAU MEMORIAL CENTER

3445 POST RD
WARWICK,RI02886 		  PC GENERAL SUPPORT 1,600

JOE ANDRUZZI FOUNDATION

49 PLAIN ST STE 500
NORTH ATTLEBORO,MA02035 		  PC GENERAL SUPPORT 500

JOHNSTON MEMORIAL CANCER EVENTS INC

75 ORCHARD MEADOWS DRIVE
SMITHFIELD,RI02917 		  PC GENERAL SUPPORT 250

JUNIOR ACHIEVEMENT OF RHODE ISLAND INC

3205 POST RD NO 7549
WARWICK,RI02886 		  PC GENERAL SUPPORT 1,000

LOOKING UPWARDS INC

438 EAST MAIN RD
MIDDLETOWN,RI02842 		  PC GENERAL SUPPORT 1,500

MAKE A WISH FOUNDATION OF MA AND RI

133 FEDERAL ST FL 2
BOSTON,MA02110 		  PC GENERAL SUPPORT 1,025

MCAULEY MINISTRIES

622 ELMWOOD AVE PO BOX 73195
PROVIDENCE,RI02907 		  PC GENERAL SUPPORT 2,500

MEALS ON WHEELS OF RI INC

70 BATH ST
PROVIDENCE,RI02908 		  PC GENERAL SUPPORT 925

MEETING STREET

1000 EDDY ST
PROVIDENCE,RI02905 		  PC GENERAL SUPPORT 4,000

THE MIRIAM HOSPITAL FOUNDATION

167 POINT ST
PROVIDENCE,RI02903 		  PC GENERAL SUPPORT 1,500

MS DREAM CENTER-RI INC

300 TOLL GATE RD STE 104
WARWICK,RI02886 		  PC GENERAL SUPPORT 500

NEWPORT COUNTY YMCA

792 VALLEY RD
MIDDLETOWN,RI02842 		  PC GENERAL SUPPORT 1,500

OCEAN TIDES CHRISTIAN BROTHERS CHARITABLE TRUST

635 OCEAN RD
NARRAGANSETT,RI02882 		  PC GENERAL SUPPORT 1,000

OPERATION STAND DOWN RHODE ISLAND

1010 HARTFORD AVE
JOHNSTON,RI02919 		  PC GENERAL SUPPORT 3,100

PAN MASSACHUSETTS CHALLENGE INC

77 FOURTH AVE
NEEDHAM,MA02494 		  PC GENERAL SUPPORT 500

PANCREATIC CANCER ACTION NETWORK INC

1500 ROSECRANS AVE STE 200
MANHATTAN BEACH,CA90266 		  PC GENERAL SUPPORT 25

PROGESO LATINO INC

626 BRD ST
CENTRAL FALLS,RI02863 		  PC GENERAL SUPPORT 100

RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC

3 REGENCY PLAZA STE 3E
PROVIDENCE,RI02903 		  PC GENERAL SUPPORT 2,000

RHODE ISLAND COMMUNITY FOOD BANK ASSOCIATION

200 NIANTIC AVE
PROVIDENCE,RI02907 		  PC GENERAL SUPPORT 6,725

RHODE ISLAND CPCU SCHOLARSHIP FUND

CO AMICA 100 AMICA WAY
LINCOLN,RI02865 		  PC GENERAL SUPPORT 5,000

THE RHODE ISLAND FREE CLINIC INC

655 BRD ST
PROVIDENCE,RI02907 		  PC GENERAL SUPPORT 1,000

RHODE ISLAND INSTITUTE FOR LABOR STUDIES AND RESEARCH

1540 PONTIAC AVE STE A
CRANSTON,RI02920 		  PC GENERAL SUPPORT 20,000

RHODE ISLAND PRIDE

PO BOX 1082
PROVIDENCE,RI02901 		  PC GENERAL SUPPORT 400

RHODE ISLAND SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS

155 PLAN WAY
WARWICK,RI02886 		  PC GENERAL SUPPORT 2,125

RHODE ISLAND TREE COUNCIL

PO BOX 6144
PROVIDENCE,RI02940 		  PC GENERAL SUPPORT 500

RI PHILHARMONIC ORCHESTRA AND MUSIC SCHOOL

667 WATERMAN AVE
EAST PROVIDENCE,RI02914 		  PC GENERAL SUPPORT 400

RONALD MCDONALD HOUSE CHARITIES OF NEW ENGLAND INC

45 GAY ST
PROVIDENCE,RI02905 		  PC GENERAL SUPPORT 1,800

SAINT VINCENTS SERVICES INC

2425 HIGHLAND AVE
FALL RIVER,MA02720 		  PC GENERAL SUPPORT 1,000

THE SALVATION ARMY SOUTHERN NEW ENGLAND DIVISION

440 WEST NYACK RD
WEST NYACK,NY10994 		  PC GENERAL SUPPORT 1,000

SARGENT REHABILITATION CENTER

800 QUAKER LANE
WARWICK,RI02818 		  PC GENERAL SUPPORT 250

SAVE THE BAY INC

100 SAVE THE BAY DRIVE
PROVIDENCE,RI02905 		  PC GENERAL SUPPORT 2,000

SOJOURNER HOUSE INC

386 SMITH ST
PROVIDENCE,RI02908 		  PC GENERAL SUPPORT 2,900

SPECIAL OLYMPICS RHODE ISLAND

370 GEORGE WASHINGTON HWY
SMITHFIELD,RI02917 		  PC GENERAL SUPPORT 3,400

STAND UP TO CANCER

10880 WILSHIRE BLVD STE 1400
LOS ANGELES,CA90024 		  PC GENERAL SUPPORT 25

STAR KIDS SCHOLARSHIP PROGRAM

PO BOX 6214
MIDDLETOWN,RI02842 		  PC GENERAL SUPPORT 500

THUNDERMIST HEALTH CENTER

25 JOHN A CUMMINGS WAY
WOONSOCKET,RI02895 		  PC GENERAL SUPPORT 2,500

TIDES FAMILY SERVICES INC

215 WASHINGTON ST
WEST WARWICK,RI02893 		  PC GENERAL SUPPORT 2,000

UNITED WAY OF RHODE ISLAND

50 VALLEY ST
PROVIDENCE,RI02909 		  PC GENERAL SUPPORT 2,500

WE SHARE HOPE

310 BOURNE AVE BDG 70
RUMFORD,RI02916 		  PC GENERAL SUPPORT 3,000

WESTBAY COMMUNITY ACTION INC

224 BUTTONWOODS AVE
WARWICK,RI02886 		  PC GENERAL SUPPORT 150

WESTERLY AREA REST MEALS INC

56 SPRUCE ST
WESTERLY,RI02891 		  PC GENERAL SUPPORT 2,500

WHAT CHEER FLOWER FARM

63 MAGNOLIA ST
PROVIDENCE,RI02907 		  PC GENERAL SUPPORT 1,000

WILBURY THEATRE GROUP

475 VALLEY ST
PROVIDENCE,RI02908 		  PC GENERAL SUPPORT 250

WOOD RIVER HEALTH SERVICES INC

823 MAIN ST
HOPE VALLEY,RI02832 		  PC GENERAL SUPPORT 500

YMCA OF PAWTUCKET INC

8 SUMMER ST LOWER LVL
PAWTUCKET,RI02860 		  PC GENERAL SUPPORT 200

YOUTH PRIDE INC

743 WESTMINSTER ST
PROVIDENCE,RI02903 		  PC GENERAL SUPPORT 500
Total .................................right arrow 3a 153,650
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 6,861  
4 Dividends and interest from securities ....     14 69,998  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -19,253  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 57,606 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
57,606
(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 BEACON FOUNDATION
 
Employer identification number

85-4065871
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 BEACON FOUNDATION
  		Employer identification number
85-4065871
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
THE BEACON MUTUAL INSURANCE COMPANY
 
ONE BEACON CENTRE
 
WARWICK, RI02886

$ 750,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE BEACON FOUNDATION
  		Employer identification number

85-4065871
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 BEACON FOUNDATION
  		Employer identification number

85-4065871
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 ExplnOfNonFilingWithAGStmt
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Statement:
UNDER RHODE ISLAND LAW, THE BEACON FOUNDATION IS NOT REQUIRED TO FURNISH A COPY OF ITS 990-PF FILING TO THE ATTORNEY GENERAL FOR THE STATE OF RHODE ISLAND.

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Name of Bond End of Year Book Value End of Year Fair Market Value
  2,294,946 2,294,946

TY 2023 InvestmentsCorpStockSchedule
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Name of Stock End of Year Book Value End of Year Fair Market Value
  1,639,695 1,639,695

TY 2023 LegalFeesSchedule
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  453 0   453


TY 2023 OtherAssetsSchedule
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT INCOME DUE AND ACCRUED 4,477 19,553 19,553


TY 2023 OtherExpensesSchedule
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 1,362 0   1,362
MISCELLANEOUS 21 0   21


TY 2023 OtherIncreasesSchedule
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Description Amount
UNREALIZED GAINS 234,576


TY 2023 OtherProfessionalFeesSchedule
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 11,726 0   11,726
INVESTMENT EXPENSE 8,348 8,348   0


TY 2023 TaxesSchedule
Name:
THE BEACON FOUNDATION
EIN:
85-4065871
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX ON INVESTMENT INCOME 1,561 0   0