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
Justamere Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

86-2670774
B Telephone number (see instructions)

(800) 839-1754
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$27,303,663J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 220,659 220,659  
4 Dividends and interest from securities... 643,497 643,497  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -180,105
b Gross sales price for all assets on line 6a 6,278,189
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
599,567 252,871  
12 Total. Add lines 1 through 11........ 1,283,618 1,117,027  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 204,110     204,110
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 51,695     51,695
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
65,065 65,065    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
148,452      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,291     5,291
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
227,007 131,127   95,880
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 701,620 196,192   356,976
25 Contributions, gifts, grants paid....... 3,896,013 3,896,013
26 Total expenses and disbursements. Add lines 24 and 25 4,597,633 196,192   4,252,989
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,314,015
b Net investment income (if negative, enter -0-) 920,835
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,221,051 2,621,246 2,621,246
3 Accounts receivable right arrow12,426
Less: allowance for doubtful accounts right arrow   3,155 12,426 12,426
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 559,902 Click to see attachment
List of Attached Documents:
// Content
116,974 		117,718
b Investments—corporate stock (attach schedule)....... 6,032,358 Click to see attachment
List of Attached Documents:
// Content
6,032,358 		7,951,710
c Investments—corporate bonds (attach schedule)....... 10,911,203 Click to see attachment
List of Attached Documents:
// Content
11,735,165 		11,602,237
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).......... 3,098,410 Click to see attachment
List of Attached Documents:
// Content
4,993,895 		4,998,326
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,826,079 25,512,064 27,303,663
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 28,826,079 25,512,064
29 Total net assets or fund balances (see instructions)..... 28,826,079 25,512,064
30 Total liabilities and net assets/fund balances (see instructions). 28,826,079 25,512,064
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
28,826,079
2
Enter amount from Part I, line 27a .....................
2
-3,314,015
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
25,512,064
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,512,064
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      
b PASSTHROUGH K1 CAPITAL GAIN/(LOSS)      
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 6,278,189   6,462,859 -184,670
b       4,565
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       -184,670
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 -180,105
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 12,800
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  
3 Add lines 1 and 2........................... 3 12,800
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 12,800
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 10,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,700
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 54
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 754
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow55 WALLS DRIVE FL 3FairfieldCT ZIP+4right arrow06824
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
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
Casey A Bentley Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Raymond B Bentley Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Shelby L Bentley Dir
40.0 		80,000 9,472 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Therese G Bentley Sec, Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Lori Cushman Dir, Pres, Treas
40.0 		124,110 28,882 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................right arrow  
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
Foundation Source Administrative 93,071
55 Walls Drive 3rd Fl
Fairfield,CT06824
Prowell Financial Management LLC Investment Mgmt 65,065
717 constitution dr suite 102
EXTON,PA19341
Total number of others receiving over $50,000 for professional services.............right arrow  
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
18,448,706
b
Average of monthly cash balances.......................
1b
5,368,441
c
Fair market value of all other assets (see instructions)................
1c
4,759,024
d
Total (add lines 1a, b, and c).........................
1d
28,576,171
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
28,576,171
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
428,643
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
28,147,528
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,407,376
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,407,376
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,800
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
65,336
c
Add lines 2a and 2b............................
2c
78,136
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,329,240
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,329,240
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
1,329,240
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
4,252,989
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,252,989
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,329,240
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021...... 346,595
e From 2022...... 2,487,434
f Total of lines 3a through e ........ 2,834,029
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,252,989
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)........ 		 
d Applied to 2023 distributable amount..... 1,329,240
e Remaining amount distributed out of corpus 2,923,749
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 5,757,778
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		5,757,778
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 346,595
d Excess from 2022.... 2,487,434
e Excess from 2023.... 2,923,749
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).)
Raymond B Bentley
Therese G Bentley
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

A BOOK A DAY

513 S MELVILLE ST
PHILADELPHIA,PA19143 		N/A PC A Book a Day's Book Distribution Support and Expansion Project 20,000

ACLAMO

512 W MARSHALL ST
NORRISTOWN,PA19401 		N/A PC Discover Your Future: ACLAMO Mentorship and Career Development Program 3,000

ANNS HEART

35 HALL ST 301
PHOENIXVILLE,PA19460 		N/A PC Ann's Heart Adult GED Program 28,000

ARMSTRONG COUNTY COMMUNITY ACTION AGENCY

326 S WATER ST
KITTANNING,PA16201 		N/A PC Dolly Parton's Imagination Library 94,380

ARTS HOLDING HANDS AND HEARTS INC

110 E STATE ST STE 313
KENNETT SQ,PA19348 		N/A PC General & Unrestricted 5,280

ARTS HOLDING HANDS AND HEARTS INC

110 E STATE ST STE 313
KENNETT SQ,PA19348 		N/A PC Chester County Imagination Library 100,000

BARCLAY FRIENDS

700 N FRANKLIN ST
WEST CHESTER,PA19380 		N/A PC CNA Training Program Scholarship Fund 9,000

BARNSTONE ART FOR KIDS

388 W POTHOUSE RD
PHOENIXVILLE,PA19460 		N/A PC Charitable Event 2,500

BARNSTONE ART FOR KIDS

388 W POTHOUSE RD
PHOENIXVILLE,PA19460 		N/A PC Emergency Funding grant 5,000

BOOKSMILES

7300 N CRESCENT BLVD UNIT 10
PENNSAUKEN,NJ08110 		N/A PC Multicultural/Diverse/Spanish/Bilingual Books fund 10,000

BOY SCOUTS OF AMERICA

1 SCOUTING WAY
EXTON,PA19341 		N/A PC Exploring Day 7,500

BOY SCOUTS OF AMERICA - CRADLE OF LIBERTY COUNCIL

1485 VALLEY FORGE RD
WAYNE,PA19087 		N/A PC Exploring: Career Education, Mentoring, and Training Program for Middle and High School Students 15,000

BUCKS COUNTY COMMUNITY COLLEGE FOUNDATION

275 SWAMP RD
NEWTOWN,PA18940 		N/A PC "Fast Tracks" to Employment: Locomotive Engineer & Conductor Basic Training Program Scholarship Fund 30,000

BUCKS COUNTY COMMUNITY COLLEGE FOUNDATION

275 SWAMP RD
NEWTOWN,PA18940 		N/A PC Dental Assistant Scholarship fund 10,000

BUCKS COUNTY COMMUNITY COLLEGE FOUNDATION

275 SWAMP RD
NEWTOWN,PA18940 		N/A PC Child Development Associate Credential Scholarship fund 19,005

BUCKS COUNTY COMMUNITY COLLEGE FOUNDATION

275 SWAMP RD
NEWTOWN,PA18940 		N/A PC Scholarship fund for Trades (CDL) 40,000

CAMP DREAMCATCHER

148 W STATE ST STE 104
KENNETT SQ,PA19348 		N/A PC General & Unrestricted 15,000

CEDARBROOK CAMP IN PENNSYLVANIA INC

120 TOWNSHIP LINE RD
EXTON,PA19341 		N/A PC CILT (Camper In Leadership Training) Support 30,000

CEDARBROOK CAMP IN PENNSYLVANIA INC

120 TOWNSHIP LINE RD
EXTON,PA19341 		N/A PC Charitable Event 3,500

CHESTER COUNTY ART ASSOCIATION

100 N BRADFORD AVE
WEST CHESTER,PA19382 		N/A PC 2023 CC Art Association Summer Camp Scholarship fund 25,000

CHESTER COUNTY FUTURES INC

LUKENS BLDG 50 S 1ST AVE STE 105
COATSVILLE,PA19320 		N/A PC Passport and Steps 4 Success program for high school mentoring and career coaching 50,000

CHESTER COUNTY FUTURES INC

LUKENS BLDG 50 S 1ST AVE STE 105
COATSVILLE,PA19320 		N/A PC Charitable Event 5,000

CHESTER COUNTY IU 24

455 BOOT RD
DOWNINGTOWN,PA19335 		N/A GOV Trade School Scholarship Fund 72,000

CHESTER HOUSING INITIATIVES INC

1111 AVE OF THE STATES
CHESTER,PA19013 		N/A PC Entrepreneur Innovation Academy: Certification Program 30,000

CHILDREN OF FALLEN PATRIOTS FOUNDATION

1818 LIBRARY ST STE 500
RESTON,VA20190 		N/A PC Trade School Scholarship fund for Gold Star Children 50,000

CHILDRENS CRISIS TREATMENT CENTER INC

1080 N DELAWARE AVE
PHILADELPHIA,PA19125 		N/A PC CCTC Outpatient Program 15,000

COATESVILLE 2ND CENTURY ALLIANCE

PO BOX 692
COATESVILLE,PA19320 		N/A PC General & Unrestricted 5,000

COATESVILLE CENTER FOR COMMUNITY HEALTH

1001 E LINCOLN HWY
COATESVILLE,PA19320 		N/A PC GRANDfamily Initiative 10,000

COMMUNITY ACTION AGENCY OF DELAWARE COUNTY INC

1414 MEETINGHOUSE RD
UPPR CHICHSTR,PA19061 		N/A PC Recreational Therapy and After School Programs 50,000

COMMUNITY COLLEGE OF ALLEGHENY COUNTY-EDUCATION FO

808 RIDGE AVE ROOM 102
PITTSBURGH,PA15212 		N/A PC scholarship fund for Commercial Driver's License Training Prioritized for Veterans and Their Families 73,500

COMMUNITY COLLEGE OF ALLEGHENY COUNTY-EDUCATION FO

808 RIDGE AVE ROOM 102
PITTSBURGH,PA15212 		N/A PC CCAC Student Emergency GAP Funds 5,000

COMMUNITY WAREHOUSE PROJECT OF CHESTER COUNTY

PO BOX 218
WEST CHESTER,PA19381 		N/A PC General & Unrestricted 20,000

CRADLES TO CRAYONS INC

4700 WISSAHICKON AVE STE 142
PHILADELPHIA,PA19144 		N/A PC Everyday Essentials 50,000

CRESCENDO PHOENIXVILLE

1601 BRIARWOOD CT
PHOENIXVILLE,PA19460 		N/A PC General & Unrestricted 15,000

CRESCENDO PHOENIXVILLE

1601 BRIARWOOD CT
PHOENIXVILLE,PA19460 		N/A PC Charitable Event 15,000

CRESCENDO PHOENIXVILLE

1601 BRIARWOOD CT
PHOENIXVILLE,PA19460 		N/A PC Pennsylvania Philharmonic Holiday Concert fund 4,000

DAVIDS DRIVE 831 INC

1 SOMERSET DR
COATESVILLE,PA19320 		N/A PC funds to Purchase Enclosed Trailer 8,000

DAVIDS DRIVE 831 INC

1 SOMERSET DR
COATESVILLE,PA19320 		N/A PC Adaptive Cycling Program 30,000

DELAWARE COUNTY COMMUNITY COLLEGE EDUCATIONAL FOUN

901 MEDIA LINE RD
MEDIA,PA19063 		N/A PC Tools for Success - Tools and Boots for students in skilled trades 50,600

DELAWARE COUNTY COMMUNITY COLLEGE EDUCATIONAL FOUN

901 MEDIA LINE RD
MEDIA,PA19063 		N/A PC High Demand Career Training Scholarship fund 53,443

EDUCATIONAL EQUITY ALLIANCE

PO BOX 993
COATESVILLE,PA19320 		N/A PC General & Unrestricted 40,000

EDUCATIONAL EQUITY ALLIANCE

PO BOX 993
COATESVILLE,PA19320 		N/A PC Center for Educational Equity - Sustaining Services and Establishing Programs 30,000

FOLDS OF HONOR FOUNDATION

PO BOX 276
CENTER VALLEY,PA18034 		N/A PC scholarship funds for applicants in SE Pennsylvania 30,000

FOUNDATION FOR FREE ENTERPRISE EDUCATION

3076 W 12TH ST
ERIE,PA16505 		N/A PC Pennsylvania Free Enterprise Week and the Speaker Series 15,000

FOUNDATION FOR READING AREA COMMUNITY COLLEGE

PO BOX 1706
READING,PA19603 		N/A PC Scholarship fund for Tomorrow's Healthcare Workforce 50,000

GARRETT WILLIAMSON

395 BISHOP HOLLOW RD
NEWTOWN SQUARE,PA19073 		N/A PC Access to Camp Garrett and Youth Employment 34,711

GLEN MILLS SCHOOLS

185 GLEN MILLS RD
GLEN MILLS,PA19342 		N/A PC The Glen Mills Apprenticeship Programs 70,325

GOOD FELLOWSHIP CLUB OF CHESTER COUNTY INC

600 MONTGOMERY AVE
WEST CHESTER,PA19380 		N/A PC EMS Certification Tuition Assistance Scholarship Fund 88,000

GREATER PHILADELPHIA YOUNG MENS CHRISTIAN ASSOCIAT

400 FAYETTE ST STE 250
CONSHOHOCKEN,PA19428 		N/A PC Looking Inward and Moving Upward: Y Achievers at the Greater Philadelphia YMCA program 25,000

HACKENSACK MERIDIAN HEALTH INC

399 THORNALL ST STE 2
EDISON,NJ08837 		N/A PC Student Scholarship Fund 100,000

HISTORIC FAIR HILL INC

5501 GERMANTOWN AVE
PHILADELPHIA,PA19144 		N/A PC School Library Partnerships program 25,000

HOUSING PARTNERSHIP OF CHESTER COUNTY INC

41 W LANCASTER AVE
DOWNINGTOWN,PA19335 		N/A PC General & Unrestricted 20,000

KENNETT AREA COMMUNITY SERVICE

136 W CEDAR ST
KENNETT SQ,PA19348 		N/A PC Getting Ahead and Staying Ahead program 30,000

LANCASTER EDUCATION FOUNDATION

1020 LEHIGH AVE
LANCASTER,PA17602 		N/A PC Hooked on Books (HOB) Program 5,000

LITERACY COUNCIL OF NORRISTOWN INC

113 E AIRY ST
NORRISTOWN,PA19401 		N/A PC Norristown Community Literacy: Dolly Parton Imagination Library 20,000

LITERACY COUNCIL OF NORRISTOWN INC

113 E AIRY ST
NORRISTOWN,PA19401 		N/A PC Adult Education Programs 10,000

MIGHTY WRITERS

12 E CHURCH LN
PHILADELPHIA,PA19144 		N/A PC Mighty Writers After-School Programs for Bilingual Students in Southern Chester County 50,000

MISSION EDGE SAN DIEGO

2820 ROOSEVELT RD STE 104
SAN DIEGO,CA92106 		N/A PC TFM Cybersecurity Scholarship fund for Veterans 140,000

MISSION EDGE SAN DIEGO

2820 ROOSEVELT RD STE 104
SAN DIEGO,CA92106 		N/A PC Task Force Movement CDL Scholarship fund for veterans and SIV Afghan refugees 112,000

MOMS HOUSE INC OF GREATER PHILADELPHIA

865 S MAIN ST
PHOENIXVILLE,PA19460 		N/A PC Free childcare for low-income single parents returning to school 15,000

NORTH MONTCO EDUCATIONAL FOUNDATION

1265 SUMNEYTOWN PIKE
LANSDALE,PA19446 		N/A PC Training that Works Scholarship fund 40,000

NORTH STAR OF CHESTER COUNTY

7 N FIVE POINTS ROAD
WEST CHESTER,PA19380 		N/A PC General & Unrestricted 5,000

NORTH STAR OF CHESTER COUNTY

7 N FIVE POINTS ROAD
WEST CHESTER,PA19380 		N/A PC Charitable Event 2,000

NORTH STAR OF CHESTER COUNTY

7 N FIVE POINTS ROAD
WEST CHESTER,PA19380 		N/A PC Funding for Children's Camp & Extracurricular Activities 5,000

NORTH STAR OF CHESTER COUNTY

7 N FIVE POINTS ROAD
WEST CHESTER,PA19380 		N/A PC Charitable Event 5,000

NORTHAMPTON COUNTY AREA COMMUNITY COLLEGE FOUNDATI

3835 GREEN POND RD
BETHLEHEM,PA18020 		N/A PC Workforce Training Emergency Relief Fund 5,000

NORTHAMPTON COUNTY AREA COMMUNITY COLLEGE FOUNDATI

3835 GREEN POND RD
BETHLEHEM,PA18020 		N/A PC Northampton Community College (NCC) Lineworker Training Scholarship fund 50,000

OPEN HEARTH INC

701 MAIN ST
PHOENIXVILLE,PA19460 		N/A PC Music Sponsorship fund 300

OPEN HEARTH INC

701 MAIN ST
PHOENIXVILLE,PA19460 		N/A PC Family Savings Partner Program 35,000

ORION COMMUNITIES INC

237 BRIDGE ST
PHOENIXVILLE,PA19460 		N/A PC STARS - book distribution to underserved communities 10,000

ORION COMMUNITIES INC

237 BRIDGE ST
PHOENIXVILLE,PA19460 		N/A PC Chester County Bridges Coalition 10,000

OXFORD AREA NEIGHBORHOOD SERVICES CENTER INC

35 N 3RD ST
OXFORD,PA19363 		N/A PC Oxford Fire Victims Fund 5,000

OXFORD CIVIC ASSOCIATION

PO BOX 34
OXFORD,PA19363 		N/A PC Oxford Police Department Toy Drive 2,500

OXFORD CIVIC ASSOCIATION

PO BOX 34
OXFORD,PA19363 		N/A PC micro grant program for Oxford small businesses 5,000

PARENTCHILD PLUS INC

242 W 30TH ST RM 1100
NEW YORK,NY10001 		N/A PC Equal Possibilities from the Start - Providing School Readiness for all of Philadelphia's Children 61,000

PARKESBURG POINT

PO BOX 731
PARKESBURG,PA19365 		N/A PC Youth Apprentice & Trade's Education Program 15,000

PENNSYLVANIA CONFERENCE FOR WOMEN

PO BOX 37635
PHILADELPHIA,PA19101 		N/A PC Charitable Event 2,990

PENNSYLVANIA INSTITUTE OF TECHNOLOGY

800 MANCHESTER AVE
MEDIA,PA19063 		N/A PC Student Hardship Funds 5,000

PENNSYLVANIA INSTITUTE OF TECHNOLOGY

800 MANCHESTER AVE
MEDIA,PA19063 		N/A PC P.I.T. Academic Scholarship fund 50,000

PENNSYLVANIA INSTITUTE OF TECHNOLOGY

800 MANCHESTER AVE
MEDIA,PA19063 		N/A PC Equipment for Health Science 19,851

PENNSYLVANIA PHILHARMONIC

4513 PENNELL RD STE 2
ASTON,PA19014 		N/A PC Virtual Education Program 5,000

PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOU

100 NOBLE BLVD STE 10 1014
CARLISLE,PA17013 		N/A PC The Commercial Driver's License (CDL) Scholarship fund 30,000

PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOU

100 NOBLE BLVD STE 10 1014
CARLISLE,PA17013 		N/A PC Keystone Extraordinary Emergency Program (KEEP) 25,000

PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOU

100 NOBLE BLVD STE 10 1014
CARLISLE,PA17013 		N/A PC Supporting Student Success Scholarship fund & Transfer Scholarship fund 50,000

PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOU

100 NOBLE BLVD STE 10 1014
CARLISLE,PA17013 		N/A PC The Clinical Medical Assistant (CMA) Scholarship fund 60,000

POTTSTOWN CHILDRENS DISCOVERY CENTER

248 WALNUT ST
POTTSTOWN,PA19464 		N/A PC PCDC reading mystery box / Pottstown Play Streets 3,700

PREPARED TO THRIVE

260 EXTON SQ MALL SUITE 254
EXTON,PA19341 		N/A PC General & Unrestricted 10,500

ROCK TO THE FUTURE

1201 N 3RD ST 283
PHILADELPHIA,PA19122 		N/A PC Rock to the Future Trade School Fund 20,000

ROCK TO THE FUTURE

1201 N 3RD ST 283
PHILADELPHIA,PA19122 		N/A PC Charitable Event 5,000

ROWAN UNIVERSITY FOUNDATION INC

201 MULLICA HILL RD SHPEEN HALL
GLASSBORO,NJ08028 		N/A PC 3+1 Program Tuition Support fund for Students in their Final Year 100,000

RSVP VOLUNTEERS

901 E 8TH AVE STE 200
KING F PRUSSIA,PA19406 		N/A PC RSVP Family Literacy/Lucky Reader Program 63,465

SAINT JOSEPHS UNIVERSITY

5600 CITY AVE
PHILADELPHIA,PA19131 		N/A PC student coaching programs 20,000

SANCTUARY FARM PHILA

2337 W BERKS ST 2345
PHILADELPHIA,PA19121 		N/A PC Sanctuary Farm Therapeutic Gardening Program 20,000

SILO WORKS

PO BOX 22
OXFORD,PA19363 		N/A PC Growing Together Community Garden and Growing with SILO 5,000

SILO WORKS

PO BOX 22
OXFORD,PA19363 		N/A PC Oxford Fire Assistance 5,000

SWARTHMORE COLLEGE

500 COLLEGE AVE
SWARTHMORE,PA19081 		N/A PC Math Practice Program 77,800

THADDEUS STEVENS FOUNDATION

740 E END AVE
LANCASTER,PA17602 		N/A PC Thaddeus Stevens College Economic Prosperity Tuition Support fund 200,000

THE COMMUNITYS FOUNDATION

6 E HINCKLEY AVE STE 203
RIDLEY PARK,PA19078 		N/A PC Edgewood Elementary School Inclusive Playground fund 50,000

THE COMMUNITYS FOUNDATION

6 E HINCKLEY AVE STE 203
RIDLEY PARK,PA19078 		N/A PC Eddystone, PA Imagination Library - Delco PILOT 2,500

THE GARAGE COMMUNITY AND YOUTH CENTER

PO BOX 1158
KENNETT SQUARE,PA19348 		N/A PC MAPS & Career Compass programs 15,000

THE HARRISBURG AREA COMMUNITY COLLEGE FOUNDATION

PO BOX 8915
LANCASTER,PA17604 		N/A SO I STEP to Physician Office Assistant Program 64,750

THE HARRISBURG AREA COMMUNITY COLLEGE FOUNDATION

PO BOX 8915
LANCASTER,PA17604 		N/A SO I Certified Nurse Aide Program Scholarship fund 36,720

THE PHOENIXVILLE JAYCEES FOUNDATION

8 GAY ST
PHOENIXVILLE,PA19460 		N/A PC Lemonade Day fund 5,000

THISTLE HILLS INC

323 E LINCOLN HWY
COATESVILLE,PA19320 		N/A PC Pottery Classes for recovery house clients 3,600

THISTLE HILLS INC

323 E LINCOLN HWY
COATESVILLE,PA19320 		N/A PC General & Unrestricted 1,440

TRAVIS MANION FOUNDATION

164 E STATE ST
DOYLESTOWN,PA18901 		N/A PC Spartan Leadership Program 16,000

TRAVIS MANION FOUNDATION

164 E STATE ST
DOYLESTOWN,PA18901 		N/A PC Developing Youth Leaders in Chester County 40,000

TREE HOUSE BOOKS

1430 W SUSQUEHANNA AVE
PHILADELPHIA,PA19121 		N/A PC Delivery of Books and Literacy to North Philadelphia 25,000

TRELLIS FOR TOMORROW

35 HALL ST STE 302
PHOENIXVILLE,PA19460 		N/A PC GROW Careers - Youth Career Assessment & Planning Pilot Program 20,000

TWIN VALLEY FIRE DEPT

PO BOX 181
ELVERSON,PA19520 		N/A PC Charitable Event 2,000

UNITED SERVICE ORGANIZATIONS INC

PO BOX 96860
WASHINGTON,DC20077 		N/A PC USO Transition Program 40,000

URBAN AFFAIRS COALITION

1650 ARCH ST STE 2701
PHILADELPHIA,PA19103 		N/A PC FathersRead365 - Literacy Resources 25,000

VALLEY FORGE EDUCATIONAL SERVICES

1777 N VALLEY RD
MALVERN,PA19355 		N/A PC Read to Pet Pals Program 4,000

VALLEY HEALTH PARTNERS COMMUNITY HEALTH CENTER

400 N 17TH ST SUITE 310
ALLENTOWN,PA18104 		N/A PC Financial Recovery & Resilience Program 20,000

VILLANOVA UNIVERSITY

800 E LANCASTER AVE
VILLANOVA,PA19085 		N/A PC Villanova Interdisciplinary Immigration Studies Training for Advocates (VIISTA) program 42,750

VILLANOVA UNIVERSITY

800 E LANCASTER AVE
VILLANOVA,PA19085 		N/A PC Hardship Fund for Student Veterans 20,000

WALNUT STREET THEATRE CORP

825 WALNUT ST
PHILADELPHIA,PA19107 		N/A PC WST Theatre School Scholarship fund 3,400

WELL ROOTED

2415 BRYN MAWR AVE
ARDMORE,PA19003 		N/A PC General & Unrestricted 30,000

WEST CHESTER AREA EDUCATION FOUNDATION

782 SPRINGDALE DR
EXTON,PA19341 		N/A PC Rustin High School Model UN Program Scholarship fund 1,890

WEST CHESTER UNIVERSITY FOUNDATION

202 CARTER DR
WEST CHESTER,PA19382 		N/A PC West Chester University Literacy for Justice Involved Youth Program 4,910

WEST CHESTER UNIVERSITY FOUNDATION

202 CARTER DR
WEST CHESTER,PA19382 		N/A PC WCU Literacy Department Family Literacy Night Initiative 19,563

WEST CHESTER UNIVERSITY FOUNDATION

PO BOX 541
WEST CHESTER,PA19381 		N/A PC Scholarship fund 9,000

WEST CHESTER UNIVERSITY FOUNDATION

202 CARTER DR
WEST CHESTER,PA19382 		N/A PC Summer 2023 Health Careers Summer Academy fund 18,000

WEST CHESTER UNIVERSITY FOUNDATION

202 CARTER DR
WEST CHESTER,PA19382 		N/A PC Paid Internship Fund 50,000

WEST CHESTER UNIVERSITY FOUNDATION

202 CARTER DR
WEST CHESTER,PA19382 		N/A PC Parenting Students Pathway to Success 49,050

WEST CHESTER UNIVERSITY FOUNDATION

202 CARTER DR
WEST CHESTER,PA19382 		N/A PC EN-BSN Emergency Fund 50,000

WEST CHESTER UNIVERSITY FOUNDATION

202 CARTER DR
WEST CHESTER,PA19382 		N/A PC P.R.I.Z.E. (Partnering in Raising Inclusive Zealous Educators) 28,190

WESTSIDE COMMUNITY CENTER

430 HANNUM AVE
WEST CHESTER,PA19380 		N/A PC Mentorship and Youth Programs 10,000

WINGS FOR SUCCESS

PO BOX 1386
EXTON,PA19341 		N/A PC General & Unrestricted 30,000

WINGS FOR SUCCESS

PO BOX 1386
EXTON,PA19341 		N/A PC Charitable Event 2,500

WINGS FOR SUCCESS

PO BOX 1386
EXTON,PA19341 		N/A PC Charitable Event 2,500

WOMENS RESOURCE CENTER

113 W WAYNE AVE
WAYNE,PA19087 		N/A PC The PHEBE Financial Stability Program 40,000

YMIC FOUNDATION INC

1500 W WOODBANK WAY
WEST CHESTER,PA19380 		N/A PC YMWIC Scholarship fund 45,000

YMIC FOUNDATION INC

1500 W WOODBANK WAY
WEST CHESTER,PA19380 		N/A PC YMYWIC Career Readiness 20,400

YOUNGMOMS

PO BOX 376
KENNETT SQ,PA19348 		N/A PC Life Skills Workshops 20,000
Total .................................right arrow 3a 3,896,013
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 ........... 		    14 220,659  
4 Dividends and interest from securities ....     14 643,497  
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 -180,105  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 346,696 14 252,871  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 346,696 936,922  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,283,618
(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

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TY 2023 DepreciationSchedule
Name:
Justamere Foundation
EIN:
86-2670774
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 GeneralExplanationAttachment
Name:
Justamere Foundation
EIN:
86-2670774
Identifier Return Reference Explanation
form 926 Form 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
form 8865 Form 8865 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

TY 2023 InvestmentsCorpBondsSchedule
Name:
Justamere Foundation
EIN:
86-2670774
Name of Bond End of Year Book Value End of Year Fair Market Value
AECOM - 5.125% - 03/15/2027 199,037 203,504
AMERICAN EXPRESS CO - 4.990% - 141,649 141,614
BEACON ROOFING SUPPLY BOND REG 224,744 217,125
BERRY GLOBAL INC BOND REG S - 302,650 291,000
BLACK & DECKER INC - 6.272% - 287,729 285,495
BOYD GAMING - 4.750% - 12/01/2 225,993 216,444
CENTENE CORP DEL SER B - 4.250 163,220 166,762
CENTRAL GARDEN & PET CO NOTE - 213,906 236,486
CENTURY COMMUNITIES INC SER B 630,485 609,154
CITIGROUP INC - 4.300% - 11/20 164,100 167,699
CITIGROUP INC NOTE - 4.140% - 532,485 535,763
CLEVELAND-CLIFFS INCNEW SER B 586,765 563,059
CROWN AMERS LLC SER B - 4.750% 364,440 351,643
ENCOMPASS - 4.750% - 02/01/203 157,140 164,908
ENCOMPASS HEAL TH - 5.750% - 0 522,451 507,806
ENPRO INDUSTRIES - 5.750% - 10 592,145 559,247
FREEPORT MCMORAN - 4.125% - 03 109,434 110,024
GOLDMAN SACHS GROUP - 4.250% - 229,394 230,691
GOLDMAN SACHS GROUP INC - 4.38 280,459 282,210
GOODYEAR TIRE & RUBR - 5.000% 538,087 514,500
HCA 3.5% 09/01/2030 - 3.500% - 118,454 126,120
HCA INC - 5.375% - 02/01/2025 491,572 477,364
HILTON DOMESTIC INC SER B - 4. 252,545 266,632
HUMANA INC - 5.700% - 03/13/20 288,970 289,265
JOHN HOPKINS - 4.705% - 07/01/ 226,760 241,464
MANUFACTURERS & TRADERS TR CO 188,146 187,168
MORGAN STANLEY - 3.620% - 04/1 112,726 114,310
MORGAN STANLEY - 3.950% - 04/2 224,021 228,245
NRG ENERGY - 6.625% - 01/15/20 274,275 265,531
OCCIDENTAL PETROLEUM - 5.550% 64,484 65,468
OSHKOSH CORP - 3.100% - 03/01/ 120,927 126,217
PNC FINL - 3.900% - 04/29/2024 232,575 235,618
PNC FINL SVCS - 6.615% - 10/20 149,982 153,592
RANGE RES CORP NOTE - 4.875% - 191,040 184,692
SCOTTS MIRACLE GRO CO NOTE - 5 332,393 312,906
SELECT MEDICAL CORP BOND REG S 962,225 930,001
STARWOOD PROPERT - 4.750% - 03 51,639 49,335
TELEFLEX INC - 4.625% - 11/15/ 42,460 44,920
TOLL BROS FIN CORP - 3.800% - 303,125 326,403
TOLL BROS FIN CORP - 4.875% - 117,823 119,475
US BANCORP SER CC - 6.787% - 1 48,985 50,127
WESCO DISTR INC BOND REG S - 7 473,725 452,250

TY 2023 InvestmentsCorpStockSchedule
Name:
Justamere Foundation
EIN:
86-2670774
Name of Stock End of Year Book Value End of Year Fair Market Value
BENTLEY SYSTEMS INC CL B 6,032,358 7,951,710

TY 2023 InvestmentsGovtObligationsSch
Name:
Justamere Foundation
EIN:
86-2670774
US Government Securities - End of Year Book Value:

116,974
US Government Securities - End of Year Fair Market Value:

117,718
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2023 InvestmentsOtherSchedule2
Name:
Justamere Foundation
EIN:
86-2670774
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BAIN CAPITAL CREDIT CLO MANAGE   1,607,567 1,588,507
CHURCHILL MIDDLE MARKET SENIOR   2,610,862 2,675,936
WCAS XIV NORSTELLA, L.P   288,664 307,553
WCAS XIV, L.P   486,802 426,330

TY 2023 OtherExpensesSchedule
Name:
Justamere Foundation
EIN:
86-2670774
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 93,071     93,071
Bank Charges 225 225    
Digital Subscriptions 204     204
Foundation Dues & Memberships 286     286
K-1 Exp BAIN CAPITAL CREDIT CL 291 291    
K-1 Exp CHURCHILL MIDDLE MARKE 37,064 37,064    
K-1 Exp WCAS XIV NORSTELLA, L. 16,099 16,099    
K-1 Exp WCAS XIV, L.P 77,448 77,448    
OFFICE SUPPLIES 260     260
Postage/Delivery Service 720     720
SOCIAL MEDIA/ADVERTISING EXP 635     635
State or Local Filing Fees 25     25
Website Hosting/Support 679     679


TY 2023 OtherIncomeSchedule2
Name:
Justamere Foundation
EIN:
86-2670774
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss BAIN CAPITAL CREDIT CLO MANAGEMENT ( 252,365 252,365  
K-1 Inc/Loss CHURCHILL MIDDLE MARKET SENIOR LOAN 346,839 143  
K-1 Inc/Loss WCAS XIV, L.P 363 363  


TY 2023 OtherProfessionalFeesSchedule
Name:
Justamere Foundation
EIN:
86-2670774
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 65,065 65,065    


TY 2023 TaxesSchedule
Name:
Justamere Foundation
EIN:
86-2670774
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 10,400      
990-PF Extension for 2022 110,200      
990-T Income Tax for 2022 27,852