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
SEPHARDIC HOME FOR THE AGED FOUNDATION
DBA THE SEPHARDIC FOUNDATION ON AGING
Number and street (or P.O. box number if mail is not delivered to street address)3 COLUMBUS CIRCLE 15 FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10019
A Employer identification number

11-1694718
B Telephone number (see instructions)

(646) 854-9975
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$67,601,683J 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) 6,207
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,549,820 1,549,820  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 51,262
b Gross sales price for all assets on line 6a 17,392,087
7 Capital gain net income (from Part IV, line 2)... 51,262
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,607,289 1,601,082  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 360,385 72,077   288,308
14 Other employee salaries and wages...... 322,308 64,462   257,846
15 Pension plans, employee benefits....... 137,176 27,434   109,741
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
49,908 0   49,908
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
62,575 0   62,575
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
225,761 218,090   7,671
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
40,793 7,859   32,934
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 87,078 0   87,078
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
382,757 0   382,758
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,668,741 389,922   1,278,819
25 Contributions, gifts, grants paid....... 4,570,600 4,570,600
26 Total expenses and disbursements. Add lines 24 and 25 6,239,341 389,922   5,849,419
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,632,052
b Net investment income (if negative, enter -0-) 1,211,160
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............. 401,753 219,881 219,881
2 Savings and temporary cash investments.........   636,161 636,161
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 33,324 25,578 25,578
10a Investments—U.S. and state government obligations (attach schedule) 5,680,143 Click to see attachment
List of Attached Documents:
// Content
6,092,141 		6,092,141
b Investments—corporate stock (attach schedule)....... 26,844,112 Click to see attachment
List of Attached Documents:
// Content
28,528,174 		28,528,174
c Investments—corporate bonds (attach schedule)....... 11,887,061 Click to see attachment
List of Attached Documents:
// Content
12,018,891 		12,018,891
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).......... 19,420,871 Click to see attachment
List of Attached Documents:
// Content
19,930,691 		19,930,691
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
147,108 		Click to see attachment
List of Attached Documents:
// Content
150,166 		Click to see attachment
List of Attached Documents:
// Content
150,166
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,414,372 67,601,683 67,601,683
Liabilities 17 Accounts payable and accrued expenses.......... 158,298 162,743
18 Grants payable................. 195,776 100,000
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)......... 354,074 262,743
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........... 61,091,545 64,000,715
25 Net assets with donor restrictions............ 2,968,753 3,338,225
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 64,060,298 67,338,940
30 Total liabilities and net assets/fund balances (see instructions). 64,414,372 67,601,683
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
64,060,298
2
Enter amount from Part I, line 27a .....................
2
-4,632,052
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
7,914,918
4
Add lines 1, 2, and 3 ..........................
4
67,343,164
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4,224
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
67,338,940
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 SALE OF SECURITY - FIXED INCOME   2022-01-01 2023-09-30
b SALE OF SECURITY - NON-U.S. EQUITY   2022-01-01 2023-12-01
c SALE OF SECURITY - NON-U.S. EQUITY   2023-07-01 2023-12-01
d SALE OF SECURITY - U.S. EQUITY   2022-01-01 2023-12-12
e SALE OF SECURITY - U.S. EQUITY   2023-07-01 2023-12-12
(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 3,088,972   3,189,554 -100,582
b 965,284   898,318 66,966
c 674,544   699,672 -25,128
d 5,621,113   5,383,617 237,496
e 7,042,174   7,169,664 -127,490
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       -100,582
b       66,966
c       -25,128
d       237,496
e       -127,490
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 51,262
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 16,835
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 16,835
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 16,835
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 39,099
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 39,099
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 22,264
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow22,264 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
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 arrowWWW.SFOA.ORG
14
The books are in care ofright arrowJOSHUA HOFFMAN Telephone no.right arrow (646) 854-9975

Located atright arrow3 COLUMBUS CIRCLE 15TH FLOORNEW YORKNY ZIP+4right arrow10019
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
 
No
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
MICHAEL LOPEZ CHAIR
3.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
JOE HALIO PRESIDENT
3.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
NEIL CRESPI TREASURER
3.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
JAMES KHANI SECRETARY
3.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
LAURIE KAHMI DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
JAMES CASPI DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
ALAN MATARASSO DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
CLIFTON RUSSO DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
LOUIS ROUSSO DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
HENRY PERAHIA DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
IRA ROUSSO DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
ROBERT COHEN DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
RAYMOND COHEN DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
JOSHUA HOFFMAN EXECUTIVE DIRECTOR
40.00 		359,047 44,705 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
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
JANICE STOLAR DIR-GRANTS
40.00 		200,286 53,534 0
3 COLUMBUS CIRCLE
NEW YORK,NY10019
ELISABETH STEVENS GRANTS COORD.
40.00 		110,912 27,670 0
3 COLUMBUS CIRCLE
NEW YORK,NY10019
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
GOLDMAN SACHS TRUST CO INVESTMENT MGMT 218,090
200 BELLEVUE PARKWAY STE 250
WILMINGTON,DE198093747
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
66,023,139
b
Average of monthly cash balances.......................
1b
188,620
c
Fair market value of all other assets (see instructions)................
1c
150,166
d
Total (add lines 1a, b, and c).........................
1d
66,361,925
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
66,361,925
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
995,429
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
65,366,496
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,268,325
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
3,268,325
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
16,835
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
16,835
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,251,490
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,251,490
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,251,490
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
5,849,419
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
5,849,419
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 3,251,490
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020...... 984,999
d From 2021...... 1,533,473
e From 2022...... 1,941,713
f Total of lines 3a through e ........ 4,460,185
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 5,849,419
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 3,251,490
e Remaining amount distributed out of corpus 2,597,929
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 7,058,114
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		7,058,114
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 984,999
c Excess from 2021.... 1,533,473
d Excess from 2022.... 1,941,713
e Excess from 2023.... 2,597,929
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
SEPHARDIC HOME FOR THE AGED FOUNDAT
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
(646) 854-9975
JHOFFMAN@SFOA.ORG
bThe form in which applications should be submitted and information and materials they should include:
APPLICANT ORGANIZATIONS CREATE AN ACCOUNT WITH THE FOUNDATION'S GRANT MANAGEMENT SYSTEM AND COMPLETE AND SUBMIT A LETTER OF INQUIRY (LOI) FORM VIA THE GRANT MANAGEMENT SYSTEM. LOI'S ARE THEN REVIEWED BY STAFF AND PRESENTED FOR REVIEW TO THE GRANTS COMMITTEE OF THE BOARD. THE GRANTS COMMITTEE REVIEWS THE LOIS AND SELECTED APPLICANT ORGANIZATIONS ARE INVITED TO SUBMIT A FULL APPLICATION. FULL APPLICATIONS ARE REVIEWED BY STAFF AND PRESENTED TO GRANTS COMMITTEE, WHO THEN MAKE RECOMMENDATIONS TO THE FULL BOARD. THE FULL BOARD THEN REVIEWS THE APPLICATIONS AND VOTES ON THE GRANTS COMMITTEE'S RECOMMENDATIONS.
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
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

PEF ISRAEL ENDOWMENT FUNDS INC

630 THIRD AVENUE
NEW YORK,NY10017 		  PC GRANT 332,500

STRUGGLE TO SAVE ETHIOPIAN JEWRY INC

459 COLUMBUS AVE
NEW YORK,NY10024 		  PC GRANT 296,000

JEWISH AGENCY FOR ISRAEL NORTH AMERICAN COUNCIL

633 THIRD AVENUE
NEW YORK,NY10017 		  PC GRANT 295,000

FRIENDS OF THE ISRAEL DEFENSE FORCES (FIDF)

60 EAST 42ND STREET
NEW YORK,NY10165 		  PC GRANT 250,000

FJC

31 WEST 34TH ST
NEW YORK,NY10001 		  PC GRANT 250,000

AMERICAN FRIENDS OF TURKISH JEWRY

1 WINTHROP CT
TENAFLY,NJ07670 		  PC GRANT 225,000

JEWISH NATIONAL FUND - KEREN KAYEMETH L'ISRAEL INC

42 EAST 69TH STREET
NEW YORK,NY10021 		  PC GRANT 200,000

SACRED SPACES

5915 BEACON ST
PITTSBURGH,PA15217 		  PC GRANT 175,000

KAVOD-ENSURING DIGNITY FOR HOLOCAUST SURVIVORS

820 S MONACO PKWY
DENVER,CO80230 		  PC GRANT 150,000

AM YISRAEL FOUNDATION

11 FERNWOOD DRIVE
FAIR LAWN,NJ07410 		  PC GRANT 100,000

AMERICAN COMMITTEE FOR SHAARE ZEDEK HOSPITAL INC

1040 AVENUE OF THE AMERICAS
NEW YORK,NY10018 		  PC GRANT 100,000

HADASSAH THE WOMEN'S ORGANIZATION OF AMERICA

40 WALL ST
NEW YORK,NY10005 		  PC GRANT 100,000

SBH COMMUNITY SERVICE NETWORK INC

425 KINGS HIGHWAY
BROOKLYN,NY11223 		  PC GRANT 100,000

MENORAH HOME AND HOSPITAL FOR THE AGED AND INFIRM INC

55 WATER STREET
NEW YORK,NY10041 		  PC GRANT 75,000

JEWISH ASSOCIATION FOR SERVICES FOR THE AGED

247 WEST 37TH STREET
NEW YORK,NY10018 		  PC GRANT 75,000

HEBREW HOME OF GREATER WASHINGTON INC

6121 MONTROSE ROAD
ROCKVILLE,MD20852 		  PC GRANT 65,000

JEWISH FUNDERS NETWORK

150 WEST 30TH STREET
NEW YORK,NY10001 		  PC GRANT 59,000

JEWISH COMMUNITY CENTER OF METROWEST NJ

760 NORTHFIELD AVE
WEST ORANGE,NJ07052 		  PC GRANT 58,000

ISRAAID (US) GLOBAL HUMANITARIAN ASSISTANCE INC

PO BOX 61227
PALO ALTO,CA94306 		  PC GRANT 50,000

FRIENDS OF 2LIFE COMMUNITIES INC

30 WALLINGFORD ROAD
BOSTON,MA02135 		  PC GRANT 50,000

THE HEBREW HOME FOR THE AGED AT RIVERDALE

5901 PALISADE AVENUE
BRONX,NY10471 		  PC GRANT 50,000

DOROT INC

171 WEST 85 STREET
NEW YORK,NY10024 		  PC GRANT 50,000

ASSOCATION OF JEWISH AGING SERVICES

6101 MONTROSE ROAD
ROCKVILLE,MD20852 		  PC GRANT 50,000

GREENWOOD HOUSE HOME FOR THE JEWISH AGED

53 WALTER STREET
EWING,NJ08628 		  PC GRANT 50,000

AMERICAN FRIENDS OF MAGEN DAVID ADOM

20 W 36TH STREET
NEW YORK,NY10018 		  PC GRANT 50,000

AMERICAN FRIENDS OF EZRAT AVOT

7-08 FAIRHAVEN PLACE
FAIRHAVEN,NJ07410 		  PC GRANT 50,000

ALZHEIMER'S DISEASE AND RELATED DISORDERS NYC

360 LEXINGTON AVENUE
NEW YORK,NY10017 		  PC GRANT 50,000

THE SELFHELP HOME

908 WEST ARGYLE STREET
CHICAGO,IL60640 		  PC GRANT 50,000

GREENVILLE JEWISH FEDERATION

PO BOX 5262
GREENVILLE,SC29606 		  PC GRANT 45,000

CONCERTS IN MOTION INC

PO BOX 231097
NEW YORK,NY10023 		  PC GRANT 40,000

ZAKA - SEARCH AND RESCUE

2920 AVENUE R
BROOKLYN,NY11229 		  PC GRANT 37,500

FRIENDS OF UNITED HATZALAH

442 5TH AVENUE
NEW YORK,NY10018 		  PC GRANT 37,500

JEWISH HOME OF CNYMENORAH PARK

4101 E GENESEE STREET
SYRACUSE,NY13214 		  PC GRANT 35,000

FRIENDS OF YAD LAKASHISH - LIFELINE FOR THE OLD

PO BOX 494
ENGLEWOOD,NJ07631 		  PC GRANT 35,000

JEWISH FAMILY SERVICE OF ATLANTIC COUNTY

607 N JEROME AVENUE
MARGATE,NJ08402 		  PC GRANT 35,000

PROJECT KESHER

2660 BROADWAY
NEW YORK,NY10025 		  PC GRANT 25,000

AMERICAN FRIENDS OF THE HOSPICE OF THE UPPER GALILEE

PO BOX 603048
PROVIDENCE,RI02906 		  PC GRANT 25,000

METROPOLITAN NEW YORK COORDINATING COUNCIL ON JEWISH POVERTY

77 WATER STREET
NEW YORK,NY10005 		  PC GRANT 25,000

BARRY AND FLORENCE FRIEDBERG JCC

15 NEIL COURT
OCEANSIDE,NY11572 		  PC GRANT 25,000

JEWISH FAMILY & CAREER SERVICES INC

4549 CHAMBLEE DUNWOODY ROAD
ATLANTA,GA30338 		  PC GRANT 25,000

JEWISH FEDERATION OF SOUTHERN NJ

1301 SPRINGDALE ROAD
CHERRY HILL,NJ08003 		  PC GRANT 25,000

INTERNATIONAL SEPHARDIC EDUCATIONAL AND CULTURAL CENTER IN JERUSALEM

6505 WILSHIRE BOULEVARD
LOS ANGELES,CA90048 		  PC GRANT 25,000

THE JEWISH COMMUNITY CENTER IN MANHATTAN INC

334 AMSTERDAM AVENUE
NEW YORK,NY10023 		  PC GRANT 25,000

THE JEWISH HOME FOR THE ELDERLY OF FAIRFIELD COUNTY INC

4200 PARK AVENUE
BRIDGEPORT,CT06604 		  PC GRANT 25,000

SID JACOBSON JEWISH COMMUNITY CENTER INC

300 FOREST DRIVE
EAST HILLS,NY11548 		  PC GRANT 25,000

JEWISH FEDERATIONS OF NORTH AMERICA INC

25 BROADWAY
NEW YORK,NY10004 		  PC GRANT 25,000

JEWISH FAMILY SERVICES OF WASHTENAW COUNTY

2245 S STATE ST
ANN ARBOR,MI48104 		  PC GRANT 25,000

JEWISH FAMILY SERVICE OF METROPOLITAN DETROIT

6555 W MAPLE RD
WEST BLOOMFIELD,MI48322 		  PC GRANT 25,000

CHAYIM ARUCHIM INC

4006 18TH AVENUE
BROOKLYN,NY11218 		  PC GRANT 25,000

SELFHELP COMMUNITY SERVICES INC

520 8TH AVENUE
NEW YORK,NY10018 		  PC GRANT 25,000

EDUCATIONAL ALLIANCE INC

197 E BROADWAY
NEW YORK,NY10002 		  PC GRANT 25,000

JEWISH FAMILY SERVICE OF ST PAUL

1633 WEST 7TH STREET
SAINT PAUL,MN55102 		  PC GRANT 25,000

THE MARTIN AND EDITH STEIN ASSISTED LIVING RESIDENCE INC

350 DEMOTT LANE
SOMERSET,NJ08873 		  PC GRANT 25,000

JEWISH FAMILY AND CHILDREN'S SERVICES OF THE SUNCOAST

2688 FRUITVILLE RD
SARASOTA,FL34237 		  PC GRANT 25,000

YOUNGSTOWN AREA JEWISH FEDERATION

505 GYPSY LN
YOUNGSTOWN,OH44504 		  PC GRANT 25,000

THE JEWISH MUSEUM

1109 FIFTH AVENUE
NEW YORK,NY10128 		  PC GRANT 25,000

JEWISH FAMILY SERVICE OF CENTRAL NEW JERSEY

655 WESTFIELD AVE
ELIZABETH,NJ07208 		  PC GRANT 20,000

JEWISH COUNCIL FOR THE AGING OF GREATER WASHINGTON INC

12320 PARKLAWN DRIVE
ROCKVILLE,MD20852 		  PC GRANT 20,000

JEWISH FAMILY SERVICE OF THE LEHIGH VALLEY

2004 WEST ALLEN STREET
ALLENTOWN,PA18104 		  PC GRANT 16,500

JACK AND LEE ROSEN JCC

11184 S APOPKA VINELAND RD
ORLANDO,FL32836 		  PC GRANT 16,100

AMERICAN FRIENDS OF THE JEWISH COMMUNITY OF VLADIVOSTOK

388 CROWN STREET
BROOKLYN,NY11225 		  PC GRANT 15,000

JEWISH FEDERATION OF METROWEST

901 ROUTE 10
WHIPPANY,NJ07981 		  PC GRANT 15,000

JEWISH FAMILY & CHILD SERVICE OF PORTLAND

1221 SW YAMHILL ST
PORTLAND,OR97205 		  PC GRANT 15,000

B3 THE JEWISH BOOMER PLATFORM INC

101 WARREN STREET
NEW YORK,NY10007 		  PC GRANT 15,000

JEWISH FAMILY SERVICES OF GREATER CHARLOTTE

5007 PROVIDENCE RD
CHARLOTTE,NC28226 		  PC GRANT 15,000

JEWISH FEDERATION OF PINELLAS & PASCO COUNTIES

13191 STARKEY ROAD
LARGO,FL33773 		  PC GRANT 12,500

JEWISH FAMILY SERVICE OF SOMERSET HUNTERDON AND WARREN COUNTIES

150A W HIGH STREET
SOMERVILLE,NJ08876 		  PC GRANT 12,500

JEWISH FEDERATION PALM BEACH COUNTY INC

1 HARVARD CIRCLE
WEST PALM BEACH,FL33409 		  PC GRANT 12,500

JEWISH SILICON VALLEY

14855 OKA RD
LOS GATOS,CA95032 		  PC GRANT 12,500

JEWISH FAMILY & CHILDRENS SERVICES OF NORTHERN NEW JERSEY INC

1485 TEANECK ROAD
TEANECK,NC07601 		  PC GRANT 10,000

GREENSBORO JEWISH FEDERATION

5509-C W FRIENDLY AVE
GREENSBORO,SC27410 		  PC GRANT 10,000

JEWISH COMMUNITY CENTER OF GREATER BUFFALO INC

2640 NORTH FOREST ROAD
GETZVILLE,NY14068 		  PC GRANT 10,000

JEWISH FEDERATION OF GREATER HARTFORD

333 BLOOMFIELD AVENUE
WEST HARTFORD,CT06117 		  PC GRANT 7,500

JEWISH FEDERATION OF ORANGE COUNTY

1 FEDERATION WAY
IRVINE,CA92603 		  PC GRANT 7,500

JEWISH FEDERATION OF SAN DIEGO COUNTY

4950 MURPHY CANYON ROAD
SAN DIEGO,CA92123 		  PC GRANT 7,500

JEWISH FEDERATION OF GREATER SEATTLE

2101 4TH AVE
SEATTLE,WA98121 		  PC GRANT 7,500

UNITED JEWISH FEDERATION OF STAMFORD

2009 SUMMER ST
STAMFORD,CT06905 		  PC GRANT 5,000

JEWISH FEDERATION OF GREATER HOUSTON

5603 S BRAESWOOD BLVD
HOUSTON,TX77096 		  PC GRANT 5,000

JEWISH FEDERATION OF GREATER DALLAS

7800 NORTHAVEN ROAD
DALLAS,TX75230 		  PC GRANT 5,000

JEWISH FEDERATION OF SOUTHERN ARIZONA

3718 EAST RIVER RD
TUCSON,AZ85748 		  PC GRANT 2,500

BRIGHTFOCUS FOUNDATION

22512 GATEWAY CENTER DRIVE
CLARKSBURG,MD20871 		  PC GRANT 100,000
Total .................................right arrow 3a 4,570,600
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,549,820  
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 ............ 		    01 51,262  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    01    
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,601,082 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,601,082
(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

TY 2023 AccountingFeesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SCHALL & ASHENFARB 32,500 0   32,500
ACCOUNTING SOLUTIONS 30,075 0   30,075

TY 2023 InvestmentsCorpBondsSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 12,018,891 12,018,891

TY 2023 InvestmentsCorpStockSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 28,528,174 28,528,174

TY 2023 InvestmentsGovtObligationsSch
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
US Government Securities - End of Year Book Value:

6,092,141
US Government Securities - End of Year Fair Market Value:

6,092,141
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 19,930,691 19,930,691

TY 2023 LegalFeesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CLARIVATE ANALYTICS (COMPUMARK) INC. 1,790 0   1,790
KING & SPALDING LLP 11,135 0   11,135
LAWYERS ALLIANCE 1,488 0   1,488
PERLMAN AND PERLMAN LLP 24,237 0   24,237
PLATTE, KLARSFELD & LEVINE, LLP 11,258 0   11,258


TY 2023 OtherAssetsSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST 147,108 150,166 150,166


TY 2023 OtherDecreasesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Description Amount
ADJUSTMENT FOR DISCOUNTS ON GRANTS PAID 4,224


TY 2023 OtherExpensesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 14,523 0   14,523
OFFICE EXPENSES 28,644 0   28,645
IT AND TELECOMMUNICATIONS 14,415 0   14,415
INSURANCE 25,175 0   25,175
SETTLEMENT 300,000 0   300,000


TY 2023 OtherIncreasesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Description Amount
UNREALIZED GAIN 7,814,918
ADJUSTMENT FOR GRANTS ACCRUED IN PRIOR YEAR/ PD IN CURRENT YEAR 100,000


TY 2023 OtherProfessionalFeesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 218,090 218,090   0
JUST-TECH, LLC 2,421 0   2,421
MOMENTUM COMMUNICATIONS GROUP, LLC 5,250 0   5,250


TY 2023 TaxesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 39,293 7,859   31,434
FILING FEE -NY 1,500 0   1,500