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
Patriarch Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)311 N Sumneytown Pike
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
North Wales, PA194542532
A Employer identification number

20-8353260
B Telephone number (see instructions)

(215) 699-1100
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$46,142,782J 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 299,252 299,252  
4 Dividends and interest from securities... 641,628 641,628  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 1,118,677
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
84 84  
12 Total. Add lines 1 through 11........ 940,964 2,059,641 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 42,630     42,630
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,000     10,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
104,215 104,215   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
42,777 39,330 0 3,447
19 Depreciation (attach schedule) and depletion... 0    
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
25,834 23,497   2,337
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 225,456 167,042 0 58,414
25 Contributions, gifts, grants paid....... 2,255,085 2,255,085
26 Total expenses and disbursements. Add lines 24 and 25 2,480,541 167,042 0 2,313,499
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,539,577
b Net investment income (if negative, enter -0-) 1,892,599
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,158,646 2,089,458 2,089,458
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).....   0  
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 13,492,791 Click to see attachment
List of Attached Documents:
// Content
12,175,859 		11,350,004
b Investments—corporate stock (attach schedule)....... 8,548,803 Click to see attachment
List of Attached Documents:
// Content
9,918,379 		16,191,107
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,189,224 Click to see attachment
List of Attached Documents:
// Content
11,289,837 		16,512,213
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,389,464 35,473,533 46,142,782
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe right arrow) 0 0
23 Total liabilities (add lines 17 through 22).........   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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 35,389,464 35,473,533
29 Total net assets or fund balances (see instructions)..... 35,389,464 35,473,533
30 Total liabilities and net assets/fund balances (see instructions). 35,389,464 35,473,533
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
35,389,464
2
Enter amount from Part I, line 27a .....................
2
-1,539,577
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,686,519
4
Add lines 1, 2, and 3 ..........................
4
35,536,406
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
62,873
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
35,473,533
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 196 IShares Gen-Immunology Hlth ETF P 2023-02-24 2023-09-01
b 164 First Trust Cloud Computing ETF P 2023-02-24 2023-09-01
c Merrill Lynch acct # x02064 Lng Term Cov P 2015-03-15 2023-12-31
d Merrill Lynch acct # x02073 Sh Term Cov P 2023-01-01 2023-12-31
e Merrill Lynch acct # x02073 Lng Term Cov P 2015-03-15 2023-12-31
$375,000 US Treasury Inflation Note 0.125% 1-15-23 P 2017-06-22 2023-01-17
$250,000 US Treasury 2.75% 7-31-23 P 2022-06-15 2023-07-31
$180,000 New Caney TX 2% 2-15-2023 P 2018-10-22 2023-02-15
$50,000 SP500 Stepup Iss TD 10.9% 9-29-28 P 2022-09-29 2023-10-13
GE Healthcare Technologies Inc P 2009-07-17 2023-01-13
Merrill Lynch acct # x02202 Sh Term Cov P 2023-01-01 2023-12-31
Merrill Lynch acct # x02202 Lng Term Cov P 2015-03-15 2023-12-31
Merrill Lynch acct # x02202 Lng Term Non Cov P 2010-12-29 2023-12-31
Merrill Lynch acct # x02224 Sh Term Cov P 2023-01-01 2023-12-31
Merrill Lynch acct # x02224 Lng Term Cov P 2015-03-15 2023-12-31
Merrill Lynch acct # x02224 Capital Gains Distributions P 2015-03-15 2023-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,450 0 4,665 -215
b 13,341 0 10,265 3,076
c 118,089 0 140,067 -21,978
d 318,287 0 331,851 -13,564
e 1,749,482 0 1,803,573 -54,091
483,938 0 570,731 -86,793
250,000 0 249,570 430
180,000 0 180,000 0
554,500 0 500,000 54,500
22 0 22 0
116,034 0 114,501 1,533
763,274 0 554,164 209,110
79,957 0 21,687 58,270
1,001,981 0 1,055,684 -53,703
3,116,472 0 2,094,879 1,021,593
509 0 0 509
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 0 0 0 -215
b 0 0 0 3,076
c 0 0 0 -21,978
d 0 0 0 -13,564
e 0 0 0 -54,091
0 0 0 -86,793
0 0 0 430
0 0 0 0
0 0 0 54,500
0 0 0 0
0 0 0 1,533
0 0 0 209,110
0 0 0 58,270
0 0 0 -53,703
0 0 0 1,021,593
0 0 0 509
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,118,677
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 -62,873
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 26,307
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 26,307
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 26,307
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 26,795
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment : -56795 7 56,795
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 30,488
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow30,488 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowPA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
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 arrowAnthony M Imbesi Telephone no.right arrow (610) 699-1100

Located atright arrow311 N Sumneytown Pike Ste 1ANorth WalesPA ZIP+4right arrow194542532
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
Patricia H Imbesi Trustee
1.00 		0 0 0
34 Island Drive
Key Largo,FL33037
Anthony M Imbesi Trustee
1.00 		0 0 0
311 N Sumneytown Pike Suite 1A
North Wales,PA19454
Paul H Imbesi Trustee
1.00 		0 0 0
612 East Gravers Lane
Wyndmoor,PA19038
Giovanna C Imbesi Trustee
1.00 		0 0 0
1830 Rittenhouse Square Apt 14B
Philadelphia,PA19103
Charles L Imbesi Trustee, Mgr
20.00 		42,630 0 0
311 N Sumneytown Pike Suite 1A
North Wales,PA19454
John C Imbesi Trustee
1.00 		0 0 0
34 Island Drive
Key Largo,FL33037
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 arrow  
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
15,167,183
b
Average of monthly cash balances.......................
1b
1,624,052
c
Fair market value of all other assets (see instructions)................
1c
27,623,692
d
Total (add lines 1a, b, and c).........................
1d
44,414,927
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
 
3
Subtract line 2 from line 1d.........................
3
44,414,927
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
666,224
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,748,703
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,187,435
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,187,435
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
26,307
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
26,307
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,161,128
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,161,128
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,161,128
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,313,499
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,313,499
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,161,128
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 2,198,756
f Total of lines 3a through e ........ 2,198,756
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,313,499
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus 2,313,499
5 Excess distributions carryover applied to 2023.    
(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 4,512,255
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...... 		 
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 .......... 		2,161,128
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) ....... 		 
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 ...... 		4,512,255
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 2,198,756
e Excess from 2023.... 2,313,499
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).)
None
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.
None
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

Abington Health Foundation

1200 Old York Rd
Abington,PA19001 		  Public General Fund 1,000

Academy of Natural Sciences

1900 Benjamin Franklin Parkway
Philadelphia,PA19103 		  Public General Fund 10,000

Allen Township Fire Co #1

3530 Howertown Td
Northampton,PA18067 		  Public General Fund 1,000

American Heart Association

7272 Greenville Ave
Dallax,TX75231 		  Public General Fund 0

American Red Cross

431 18th St NW
Washington,DC20006 		  Public General Fund 10,000

Augustinian Institute

800 Lancaster Ave
Villanova,PA19085 		  Public General Fund 220,000

Augustinian Fund

214 Ashwood Rd
Villanova,PA19085 		  Public General Fund 30,000

Bethlehem Baptist Church

712 Penllyn Pike
Springhouse,PA19477 		  Public General Fund 60

Boston U College of Communications

595 Commonwealth Ave Ste 700
Boston,MA02215 		  Public General Fund 10,000

Catholic Charities Diocese of Camden

1845 Haddon Ave
Camden,NJ08103 		  Public General Fund 250

Catholic Relief Services

228 W Lexington St
Baltimore,MD21201 		  Public General Fund 10,000

Chicago Blackhawks Foundation

1901 W Madison St
Chicago,IL60612 		  Public General Fund 10,000

Children's Hospital of Philadelphia

PO Box 781352
Philadelphia,PA19178 		  Public General Fund 60,000

Church Farm School

1001 E Lincoln Highway
Exton,PA19341 		  Public General Fund 25,000

Clemson University Foundation

PO Box 1889
Clemson,SC29633 		  Public General Fund 1,000

Cooper Medical School of Rowan U

401 S Broadway
Camden,NJ08103 		  Public General Fund 50,000

Crohns & Colitis Foundation of America

733 Third Ave Ste 510
New York,NY10017 		  Public General Fund 50,000

Cystic Fibrosis Fdn

2002 Sproul Road Ste 102
Broomall,PA19008 		  Public General Fund 12,604

Drexel University

3001 Market St
Philadelphia,PA19104 		  Public General Fund 50,000

Epiphany of Our Lord Church

3050 Walton Rd
Plymouth Meeting,PA19462 		  Public General Fund 5,000

For Pete's Sake

620 W Germantown Pike
Plymouth Meeting,PA19462 		  Public General Fund 5,000

Franklin Institute

222 N 20th Street
Philadelphia,PA19103 		  Public General Fund 50,000

Gwynedd Mercy Academy Elementary

816 Norristown Rd
Lower Gwynedd,PA19002 		  Public General Fund 31,000

Gwynedd Mercy Academy High School

1345 Sumneytown Pike
Gwynedd Valley,PA19437 		  Public General Fund 141,000

Healthlink Dental Clinic

1775 Street Rd
Southampton,PA18966 		  Public General Fund 10,000

Holy Spirit High School

500 New Road
Absecon,NJ08201 		  Public General Fund 35,000

Hospital for Special Services

535 East 70th Street
New York,NY10021 		  Public General Fund 10,000

Independence Mission Schools

555 Croton Road
King of Prussia,PA19406 		  Public General Fund 25,000

John R Elliott HERO Campaign

PO Box 700
Somers Point,NJ08244 		  Public General Fund 1,200

Keys Children Foundation

24 Dockside Lane PMB 139
Key Largo,FL33037 		  Public General Fund 10,000

LaSalle Academy

1434 North 2nd Street
Philadelphia,PA19122 		  Public General Fund 25,000

METAvivor Research & Support Inc

1783 Forest Drive 184
Annapolis,MD21401 		  Public General Fund 50

Montgomery Child Advocacy Project

409 Cherry St
Norristown,PA19401 		  Public General Fund 23,000

Mercy Career & Technical HS

2900 West Hunting Park Ave
Philadelphia,PA19129 		  Public General Fund 5,000

Mercy Focus of Haiti

515 Montgomery Ave
Merion Station,PA19066 		  Public General Fund 1,000

Mercy Neighborhood Ministries

1939 W Venango St
Philadelphia,PA19140 		  Public General Fund 60,000

National Constitution Center

525 Arch St
Philadelphia,PA19106 		  Public General Fund 50,000

National Navy UDT Seal Museum

3300 N Highway A1a
Fort Pierce,FL34949 		  Public General Fund 10,000

Ocean City Police Officer's Non-Profit Corp

PO Box 293
Ocean City,NJ08226 		  Public General Fund 100

Ocean City Sailing Fdn

PO Box 492
Ocean City,NJ08226 		  Public General Fund 500

Ocean Reef Cultural Ctr

200 Anchor Drive
Key Largo,FL33037 		  Public General Fund 25,000

Ocean Reef Medical Ctr

35 Ocean Reef Drive
Key Largo,FL33037 		  Public General Fund 15,000

Penn Medicine Development

3535 Market St Ste 750
Philadelphia,PA19104 		  Public General Fund 40,000

Penn Trustees PMB Annual Fund

3535 Market St Ste 750
Philadelphia,PA19104 		  Public General Fund 20,000

Penn Vet

3800 Spruce St
Philadelphia,PA19104 		  Public General Fund 10,000

Phi Gamma Delta Educational Fdn

1201 Red Mile Rd
Lexington,KY40504 		  Public General Fund 500

Philadelphia Zoo

3400 W Girard Ave
Philadelphia,PA19104 		  Public General Fund 10,000

Police Athletic League

3068 Belgrade Street
Philadelphia,PA19134 		  Public General Fund 5,000

Presbyterian Church of Chestnut Hill

8855 Germantown Ave
Philadelphia,PA19118 		  Public General Fund 15,000

Saint Augustine Prep

311 Cedar Drive
Richland,NJ08350 		  Public General Fund 40,000

Saint Patricks Church

242 S 20th St
Philadelphia,PA19103 		  Public General Fund 0

Saint Rose of Lima - North Wales

428 S Main St
North Wales,PA19454 		  Public General Fund 1,000

Shore Medical Center Foundation

100 Medical Center Way
Somers Point,NJ08244 		  Public General Fund 10,000

Simons Heart

424 East Elm St Flr 2
Conshohocken,PA19428 		  Public General Fund 0

St Jude Foundation

262 Danny Thomas Place
Memphis,TN38105 		  Public General Fund 13,000

St Matthew School

3040 Cottman Ave
Philadelphia,PA19149 		  Public General Fund 10,000

Suffolk University

73 Tremont St
Boston,MA02108 		  Public General Fund 10,000

Ed Snider Youth Hockey Foundation

3601 S Broad St
Philadelphia,PA19148 		  Public General Fund 15,000

The Elmwood Park Zoo

1661 Harding Ave
Norristown,PA19401 		  Public General Fund 1,203

The Giving Tree

622 Evans Road
Gwynedd Valley,PA19437 		  Public General Fund 5,000

The Lyra Society

702 North 3rd St Ste 737
Philadelphia,PA19123 		  Public General Fund 2,000

The Philadelphia Orchestra Assoc

1 S Broad St Ste 1400
Philadelphia,PA19107 		  Public General Fund 40,000

Thomas Jefferson University

125 S 9th St Ste 600
Philadelphia,PA19107 		  Public General Fund 25,000

Trustees of Univ of Pennsylvania

3535 Market St Ste 750
Phialdelphia,PA19104 		  Public General Fund 730,000

UCLA - Semel Wasserman Institute

760 Westwood Plaza
Los Angeles,CA90024 		  Public General Fund 20,000

Union League Legacy Fdn

140 S Broad St
Philadelphia,PA19102 		  Public General Fund 5,500

U of Pennsylvania Master of Public Health

3620 Hamilton Walk Rm 144
Philadelphia,PA19104 		  Public General Fund 20,000

USC Dornsife College of Letters

1150 South Olive St Ste T2400
Los Angeles,CA90015 		  Public General Fund 20,000

Villanova University

800 Lancaster Ave
Villanova,PA19085 		  Public General Fund 70,000

Weathervane Music Org

2424 E York St Ste 301g
Philadelphia,PA19125 		  Public General Fund 27,500

Wissahickon High School

521 Houston Rd
Ambler,PA19002 		  Public General Fund 103

Wissahickon Trails

12 Morris Rd
Ambler,PA19002 		  Public General Fund 515
Total .................................right arrow 3a 2,255,085
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 299,252  
4 Dividends and interest from securities ....     14 641,628  
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 1,055,804  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aUnrecaptured Sec. 1250 Gain 		    14 84  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,996,768  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,996,768
(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:  
Part VI Line 7 -Original Return Overpayment: -56,795


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Patriarch Family Foundation
EIN:
20-8353260
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Dubrow, P.C. Accounting, Tax 10,000     10,000

TY 2023 InvestmentsCorpStockSchedule
Name:
Patriarch Family Foundation
EIN:
20-8353260
Name of Stock End of Year Book Value End of Year Fair Market Value
Merrill Lynch acct # x02097 1,829,284 5,962,015
Merrill Lynch acct # x02202 3,997,965 5,005,512
Merrill Lynch acct # x02224 3,390,328 3,857,114
Boenning & Scattergood acct # x9826 700,802 1,366,466

TY 2023 InvestmentsGovtObligationsSch
Name:
Patriarch Family Foundation
EIN:
20-8353260
US Government Securities - End of Year Book Value:

8,214,115
US Government Securities - End of Year Fair Market Value:

7,402,909
State & Local Government Securities - End of Year Book Value:


3,961,744
State & Local Government Securities - End of Year Fair Market Value:


3,947,095


TY 2023 InvestmentsOtherSchedule2
Name:
Patriarch Family Foundation
EIN:
20-8353260
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Merrill Lynch acct # x02064 - mutual funds, ETF's   1,108,295 1,220,564
Merrill Lynch acct # x02073 - mutual funds, ETF's   9,863,172 14,973,382
Merrill Lynch acct # x02202 - ETF   173,370 173,267
Boenning & Scattergood acct # x9826 - mutual funds   145,000 145,000

TY 2023 OtherDecreasesSchedule
Name:
Patriarch Family Foundation
EIN:
20-8353260
Description Amount
Realized short term capital losses 62,873


TY 2023 OtherExpensesSchedule
Name:
Patriarch Family Foundation
EIN:
20-8353260
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office expenses 2,039 0   2,039
Other expenses 378 80   298
Accrued interest paid 23,417 23,417   0


TY 2023 OtherIncomeSchedule2
Name:
Patriarch Family Foundation
EIN:
20-8353260
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Unrecaptured Sec. 1250 Gain 84 84  


TY 2023 OtherIncreasesSchedule
Name:
Patriarch Family Foundation
EIN:
20-8353260
Description Amount
Realized long term capital gains 1,118,677
Temporary / Other Book-Tax Differences 567,842


TY 2023 OtherProfessionalFeesSchedule
Name:
Patriarch Family Foundation
EIN:
20-8353260
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Merrill Lynch investment fees 104,215 104,215   0


TY 2023 TaxesSchedule
Name:
Patriarch Family Foundation
EIN:
20-8353260
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes 9,330 9,330    
Payroll Taxes 3,447     3,447
Excise Taxes 30,000 30,000 0