Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 07-01-2023 , and ending 06-30-2024
Name of foundation
THE LIPMAN FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)CO LESTER GREENBERG 1350 BROADWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10018
A Employer identification number

13-6066963
B Telephone number (see instructions)

(650) 269-5295
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$74,222,331J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4,000 4,000  
4 Dividends and interest from securities... 788,052 788,052  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,890,870
b Gross sales price for all assets on line 6a 21,000,719
7 Capital gain net income (from Part IV, line 2)... 2,890,870
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
54,223 53,526  
12 Total. Add lines 1 through 11........ 3,737,145 3,736,448  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,202 3,240   12,962
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
318,218 318,218   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,837 2,901   1,750
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
40,810 39,812   998
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 380,067 364,171   15,710
25 Contributions, gifts, grants paid....... 2,497,800 2,497,800
26 Total expenses and disbursements. Add lines 24 and 25 2,877,867 364,171   2,513,510
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 859,278
b Net investment income (if negative, enter -0-) 3,372,277
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............. 23,310 23,061 23,061
2 Savings and temporary cash investments......... 1,077,904 940,121 940,121
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 29,986,349 Click to see attachment
List of Attached Documents:
// Content
27,120,899 		41,673,046
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,617,820 Click to see attachment
List of Attached Documents:
// Content
19,536,738 		22,015,787
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
1,472,566 		Click to see attachment
List of Attached Documents:
// Content
1,270,116 		Click to see attachment
List of Attached Documents:
// Content
9,570,316
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 48,177,949 48,890,935 74,222,331
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) Click to see attachment
List of Attached Documents:
// Content
146,292 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 146,292 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........ 6,626,641 6,626,641
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 41,405,016 42,264,294
29 Total net assets or fund balances (see instructions)..... 48,031,657 48,890,935
30 Total liabilities and net assets/fund balances (see instructions). 48,177,949 48,890,935
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
48,031,657
2
Enter amount from Part I, line 27a .....................
2
859,278
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
48,890,935
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
48,890,935
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P   2024-06-30
b PARTNERSHIP CAPITAL GAIN P   2024-06-30
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 21,000,719   18,027,119 2,973,600
b     82,730 -82,730
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       2,973,600
b       -82,730
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 2,890,870
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 46,875
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 46,875
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 46,875
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 50,340
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 50,340
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 3,465
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow3,465 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 arrowN/A
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (650) 269-5295

Located atright arrowC/O LESTER GREENBERG 1350 BROADWAYNEW YORKNY ZIP+4right arrow10018
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SUSAN SHAHEEN DIRECTOR
0.00 		0 0 0
621 MINER ROAD
ORINDA,CA94563
BEVERLY S LIPMAN PRESIDENT
7.00 		0 0 0
188 FAVONIO ROAD
PORTOLA VALLEY,CA94028
PETER W LIPMAN VICE PRESIDENT
5.00 		0 0 0
188 FAVONIO ROAD
PORTOLA VALLEY,CA94028
TIMOTHY E LIPMAN TREASURER
1.00 		0 0 0
621 MINER ROAD
ORINDA,CA94563
BENJAMIN H LIPMAN SECRETARY
1.00 		0 0 0
188 FAVONIO ROAD
PORTOLA VALLEY,CA94028
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
EHRENKRANZ PARTNERS INVESTMENT MANAGEMENT 197,329
375 PARK AVE SUITE 2800
NEW YORK,NY10152
NEUBERGER BERMAN BD LLC INVESTMENT CUSTODIAN SERVICES 120,844
1290 AVENUE OF THE AMERICAS
NEW YORK,NY10104
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
60,289,143
b
Average of monthly cash balances.......................
1b
1,017,416
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
61,306,559
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
61,306,559
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
919,598
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
60,386,961
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,019,348
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
3,019,348
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
46,875
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
46,875
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,972,473
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,972,473
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
2,972,473
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,513,510
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
2,513,510
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,972,473
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 1,996,663
f Total of lines 3a through e ........ 1,996,663
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,513,510
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..... 2,513,510
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 458,963 458,963
(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 1,537,700
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 ...... 		1,537,700
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 1,537,700
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or 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

ACLU FOUNDATION

125 BROAD ST 18TH FLOOR
NEW YORK,NY10004 		NONE PC TO PROTECT ABORTION 5,000

ACTERRA

3921 EAST BAYSHORE ROAD
PALO ALTO,CA94303 		NONE PC TO CREATE LOCAL SOLUTIONS FOR A HEALTHY PLANET 5,000

ASIAN ART MUSEUM

200 LARKIN STREET
SAN FRANCISCO,CA941024734 		NONE PC TO BRING THE DIVERSE CULTURES OF ASIA TO LIFE 2,000

BAY AREA LYME FOUNDATION

884 PORTOLA ROAD SUITE A7
PORTOLA VALLEY,CA94028 		NONE PC TO ACCELERATE MEDICAL BREAKTHROUGHS FOR LYME DISEASE 2,500

BERKELEY ART MUSEUM

2155 CENTER ST
BERKELEY,CA94720 		NONE PC TO PROMOTE ARTS 50,000

CA STATE PARKS FOUNDATION

33 NEW MONTGOMERY STREET 520
SAN FRANCISCO,CA94105 		NONE PC TO PROTECT AND PRESERVE THE CALIFORNIA STATE PARK SYSTEM 5,000

CALIFORNIA LEAGUE OF CONSERVATION VOTERS EDUCATION FUND

3435 WILSHIRE BLVD SUITE 330
LOS ANGELES,CA90010 		NONE PC TO IMPROVE THE QUALITY OF THE ENVIRONMENT FOR ALL CALIFORNIANS 5,000

CALIFORNIA TRANSPORTATION FOUNDATION

9500 KIEFER BLVD
SACRAMENTO,CA95827 		NONE PC TO SUPPORT CTF PROGRAMS 5,000

CANTOR ART CENTER (STANFORD)

328 LOMITA DRIVE AT MUSEUM WAY
STANFORD,CA943055060 		NONE PC TO PROMOTE ARTS 5,000

CONTRA COSTA JEWISH DAY SCHOOL

955 RISA RD
LAFAYETTE,CA94549 		NONE PC TO PROMOTE EDUCATION 2,500

DOCTORS FOR GLOBAL HEALTH--TIM

PO BOX 1761
DECATUR,GA30031 		NONE PC TO IMPROVE HEALTH AND FOSTER OTHER HUMAN RIGHTS 10,000

EARTHJUSTICE

50 CALIFORNIA ST STE 500
SAN FRANCISCO,CA94111 		NONE PC TO PROTECT PEOPLES HEALTH, TO PRESERVE MAGNIFICENT PLACES AND WILDLIFE, TO ADVANCE CLEAN ENERGY, AND TOCOMBAT CLIMATE CHANGE 10,000

ECUMENICAL HUNGER PROGRAM

2411 PULGAS AVE EAST
PALO ALTO,CA94303 		NONE PC TO PROMOTE EDUCATION 5,000

EMBARCADERO MEDIA

450 CAMBRIDGE AVE
PALO ALTO,CA94306 		NONE PC TO ENHANCE THE QUALITY OF LIFE AND DEMOCRACY 500

ENVIRONMENTAL DEFENSE FUND

257 PARK AVENUE SOUTH
NEW YORK,NY10010 		NONE PC TO MAKE THE ENVIRONMENT SAFER AND HEALTHIER FOR US ALL 10,000

FINE ARTS MUSEUMS OF SAN FRANCISCO

50 HAGIWARA TEA GARDEN DR
SAN FRANCISCO,CA94118 		NONE PC TO PROMOTE ARTS 5,000

FOR-SITE FOUNDATION

2 MARINA BLVD BUILDING C
SAN FRANCISCO,CA94123 		NONE PC TO PROMOTE THE CREATION, UNDERSTANDING, AND PRESENTATION OF ART 50,000

FRIENDS OF HUDDART & WUNDERLICH PARKS

2961 WOODSIDE RD
WOODSIDE,CA94062 		NONE PC TO PRESERVING THE LOCAL ENVIRONMENT AND HISTORIC LEGACIES OF THESE TWO EXCEPTIONAL PARKS IN WOODSIDE, CA 2,000

FRIENDS OF PORTOLA VALLEY LIBRARY

765 PORTOLA ROAD
PORTOLA VALLEY,CA94028 		NONE PC TO PROMOTE AND AUGMENT THE DEVELOPMENT AND USE OF RESOURCES AND SERVICES OF THE PORTOLA VALLEY LIBRARY FOR THE BENEFIT OF LOCAL RESIDENTS 1,000

GRASSROOTS ECOLOGY

3921 EAST BAYSHORE ROAD
PALO ALTO,CA94303 		NONE PC TO RESTORE NATURAL FUNCTIONS TO THE ECOSYSTEM 5,000

GREEN FOOTHILLS

3921 EAST BAYSHORE ROAD
PALO ALTO,CA94303 		NONE PC TO PROTECT OPEN SPACE, FARMLAND, AND NATURAL RESOURCES IN SAN MATEO AND SANTA CLARA COUNTIES 5,000

GSA FOUNDATION

3300 PENROSE PLACE
BOULDER,CO80301 		NONE PC TO STRENGTHEN GSA'S MISSION TO BE THE PREMIER GEOLOGICAL SOCIETY SUPPORTING THE GLOBAL COMMUNITY IN SCIENTIFIC DISCOVERY, COMMUNICATIONS, AND APPLICATION OF GEOSCIENCE KNOWLEDGE. 200,000

HEADWATERS SCIENCE INSTITUTE

53964 SHERRITT LN
SODA SPRINGS,CA95728 		NONE PC TOFOSTER CURIOSITY THROUGH SCIENCE 2,000

HONOLULU CIVIL BEAT

3465 WAIALAE AVENUE 200
HONOLULU,HI96816 		NONE PC TOCULTIVATING AN INFORMED BODY OF CITIZENS, ALL STRIVING TO MAKE HAWAII A BETTER PLACE TO LIVE. 500

INSTITUTE OF CONTEMPORARY ART SAN JOSE

560 SOUTH FIRST STREET
SAN JOSE,CA95113 		NONE PC TO SUPPORT THE WORKER OWNERSHIP SECTOR 20,000

INTERNATIONAL RESCUE COMMITTEE (UKRAINE)

122 EAST 42ND STREET
NEW YORK,NY101681289 		NONE PC TO HELP PEOPLE SURVIVE, RECOVER AND REBUILD THEIR LIVES. 20,000

INVISIBLE INTERNATIONAL

1122 KENILWORTH DR SUITE 201
TOWSON,MD21204 		NONE PC TO ALLEVIATE THE SUFFERING CAUSED BY INVISIBLE ILLNESSES 20,000

JOHN MUIR LAND TRUST

924 MAIN ST
MARTINEZ,CA94553 		NONE PC TO PROTECT THE PLACES THAT MAKE THE EAST BAY SPECIAL 100,000

KQED

2601 MARIPOSA STREET
SAN FRANCISCO,CA94110 		NONE PC TO SERVE AUDIENCES WITH TRUSTED, QUALITY PROGRAMMING, SO THAT INDIVIDUALS CAN ACHIEVE THEIR FULL POTENTIAL. 5,000

LAND TRUST OF SANTA CRUZ

617 WATER STREET
SANTA CRUZ,CA95060 		NONE PC TO PROTECT, CARE FOR, AND CONNECT PEOPLE TO THE EXTRAORDINARY LANDS THAT MAKE THIS AREA SPECIAL. 5,000

MEDECINS SAN FRONTIERES

40 RECTOR ST 16TH FLOOR
NEW YORK,NY10006 		NONE PC TO PROVIDE IMPARTIAL MEDICAL RELIEF TO THE VICTIMS OF WAR, DISEASE, AND NATURAL OR MAN-MADE DISASTER, WITHOUT REGARD TO RACE, RELIGION, OR POLITICAL AFFILIATION. 5,000

MOMA (NY)

11 WEST 53RD STREET
NEW YORK,NY10009 		NONE PC TO PROMOTE ARTS 550

MONTALVO

PO BOX 158
SARATOGA,CA95071 		NONE PC TO PROMOTE ARTS 50,000

NATIONAL PARKS CONSERVATION ASSOCIATION

6TH STREET NW SUITE 700
WASHINGTON,DC20001 		NONE PC TO PROTECT AND ENHANCE AMERICA'S NATIONAL PARK SYSTEM FOR PRESENT AND FUTURE GENERATIONS. 5,000

NATURAL RESOURCES DEFENSE COUNCIL

40 WEST 20TH STREET 11TH FLOOR
NEW YORK,NY10011 		NONE PC TO SAFEGUARD THE EARTHITS PEOPLE, ITS PLANTS AND ANIMALS, AND THE NATURAL SYSTEMS ON WHICH ALL LIFE DEPENDS 7,500

NATURE CONSERVENCY

201 MISSION STREET 4
SAN FRANCISCO,CA94105 		NONE PC TO CONSERVE THE LANDS AND WATERS ON WHICH ALL LIFE DEPENDS 15,000

NEVELSON ST PETERS RENOVATION

719 5TH STREET
COLUMBUS,IN47201 		NONE PC TO PROMOTE ARTS 15,000

NM BUREAU GEOLOGY & MINERAL RESOURCES (GEOCHRON LAB)

801 LEROY PL
SOCORRO,NM87801 		NONE PC TO CONDUCT RESEARCH AND INTERACT WITH STATE AND FEDERAL AGENCIES AND INDUSTRY TO FACILITATE PRUDENT EXPLOITATION OF THE STATE'S GEOLOGICAL RESOURCES 25,000

OAKLAND MUSEUM

1000 OAK ST
OAKLAND,CA94607 		NONE PC TO INSPIRE ALL CALIFORNIANS TO CREATE A MORE VIBRANT FUTURE FOR THEMSELVES AND THEIR COMMUNITIES. 5,000

ORINDA HIGH SCHOOL

80 IVY DRIVE
ORINDA,CA94563 		NONE PC TO REMIND OUR STUDENTS THAT A COMPLETE EDUCATION INCLUDES A SENSE OF COMMUNITY 1,750

PALO ALTO ARTS CENTER

1313 NEWELL RD
PALO ALTO,CA94303 		NONE PC TO PROMOTE ARTS 5,000

PENINSULA OPEN SPACE TRUST

222 HIGH STREET
PALO ALTO,CA94301 		NONE PC TO PROTECT AND CARE FOR OPEN SPACE, FARMS AND PARKLAND IN AND AROUND SILICON VALLEY 20,000

PLANNED PARENTHOOD FEDERATION

123 WILLIAM STREET 10TH FLOOR
NEW YORK,NY10038 		NONE PC TO IMPROVE OUR COMMUNITIES' SEXUAL AND REPRODUCTIVE HEALTH OUTCOMES THROUGH HEALTH CARE, EDUCATION, AND ADVOCACY. 10,000

PROPUBLICA

155 AVENUE OF THE AMERICAS FLOOR 13
NEW YORK,NY10013 		NONE PC TO EXPOSE ABUSES OF POWER AND BETRAYALS OF THE PUBLIC TRUST BY GOVERNMENT, BUSINESS, AND OTHER INSTITUTIONS 2,000

ROCKY MOUNTAIN INSTITUTE

22830 TWO RIVERS ROAD
BASALT,CO81621 		NONE PC TO CREATE A CLEAN, PROSPEROUS, AND SECURE ENERGY FUTURE 10,000

SAN JOSE MUSEUM OF ART

110 SOUTH MARKET STREET
SAN JOSE,CA95113 		NONE PC TO PROMOTE ARTS ($958,675 CASH AND $1,420,000 ART DONATION) 903,000

SAN MATEO HISTORICAL SOCIETY

2200 BROADWAY
REDWOOD CITY,CA94063 		NONE PC TO SUPPORT NATURAL HISTORY PROJECT 25,000

SECOND HARVEST OF SILICON VALLEY

500-B SPRATT STREET
CHARLOTTE,NC28206 		NONE PC TO LEAD OUR COMMUNITY TO ENSURE THAT ANYONE WHO NEEDS A HEALTHY MEAL CAN GET ONE 5,000

SEMPERVIRENS FUND

419 S SAN ANTONIO RD 211
LOS ALTOS,CA94022 		NONE PC TO PROTECT AND PERMANENTLY PRESERVE REDWOOD 250,000

SEQUOIA HOSPITAL FOUNDATION

170 ALAMEDA DE LAS PULGAS
REDWOOD CITY,CA94062 		NONE PC TO DEVELOP AND SECURE FUNDING FOR THE BENEFIT OF SEQUOIA HOSPITAL 5,000

SEVA FOUNDATION (TIM)

1786 FIFTH ST
BERKELEY,CA94710 		NONE PC TO RESTORE SIGHT AND PREVENT BLINDNESS 10,000

SF MUSEUM OF MODERN ART

151 THIRD ST
SAN FRANCISCO,CA94103 		NONE PC TO PROMOTE ARTS 2,500

SIERRA CLUB FOUNDATION

2101 WEBSTER STREET SUITE 1250
OAKLAND,CA94612 		NONE PC TO PROMOTE ENVIRONMENTAL EFFORTS 15,000

STANFORD HEALTHCARE PARTNERS

300 PASTEUR DR
STANFORD,CA94305 		NONE PC TO HEAL HUMANITY THROUGH SCIENCE AND COMPASSION, ONE PATIENT AT A TIME. 5,000

STANFORD SUSTAINABILITY FUND

301 PASTEUR DR
STANFORD,CA94305 		NONE PC TO SUPPORT EDUCATION 10,000

STORM KING ART CENTER

1 MUSEUM ROAD
NEW WINDSOR,NY12533 		NONE PC TO PROMOTE ARTS ($235,000 CASH AND $500,000 ART DONATION) 85,000

TRANSFORM

560 14TH ST STE 400
OAKLAND,CA94612 		NONE PC TO PROMOTE WALKABLE COMMUNITIES WITH EXCELLENT TRANSPORTATION CHOICES TO CONNECT PEOPLE OF ALL INCOMES TO OPPORTUNITY, MAKE CALIFORNIA AFFORDABLE, AND HELP SOLVE OUR CLIMATE CRISIS. 20,000

UNHCR (UKRAINE)

1310 L ST NW 450
WASHINGTON,DC20005 		NONE PC TO PROTECT REFUGEES AND EMPOWERS THEM WITH HOPE AND OPPORTUNITY. 10,000

USGS-STANFORD FELLOWSHIP

12201 SUNRISE VALLEY DRIVE
RESTON,VA20192 		NONE PC TO CONDUCT PEER-REVIEWED RESEARCH USING INNOVATIVE TOOLS 5,000

VERTILE FOUND--SERINA

6681 ARAPAHOE RD STE 1
BOULDER,CO80303 		NONE PC TO EMPOWER EACH CHILD WITH OPPORTUNITIES TO ENVISION AND REALIZE A HEALTHY FUTURE 2,000

VOTE SMART

1153 24TH STREET
DES MOINES,IA50311 		NONE PC TO PROVIDE FREE, FACTUAL, UNBIASED INFORMATION ON CANDIDATES AND ELECTED OFFICIALS TO ALL AMERICANS 3,000

WHITNEY MUSEUM OF AMERICAN ART

99 GANSEVOORT STREET
NEW YORK,NY10014 		NONE PC TO PROMOTE ARTS 380,000

WIKIPEDIA

149 NEW MONTGOMERY STREET FLOOR 6
SAN FRANCISCO,CA94105 		NONE PC TO EMPOWER AND ENGAGE PEOPLE AROUND THE WORLD TO COLLECT AND DEVELOP EDUCATIONAL CONTENT UNDER A FREE LICENSE OR IN THE PUBLIC DOMAIN, AND TO DISSEMINATE IT EFFECTIVELY AND GLOBALLY 500

WOODSIDE FIRE DEPARTMENT FOUNDATION

3111 WOODSIDE ROAD
WOODSIDE,CA94064 		NONE PC TO PROTECT LIFE, PROPERTY AND THE ENVIRONMENT THROUGH PREVENTION, EDUCATION, PREPAREDNESS 2,000

WORLD CENTRAL KITCHEN (UKRAINE)

200 MASSACHUSETTS AVE NW 7TH FLOOR
WASHINGTON,DC20001 		NONE PC TO OFFER ACCESS TO PROFESSIONAL CULINARY TRAINING, AND IMPROVING FOOD SECURITY FOR THE PEOPLE WE SERVE 20,000
Total .................................right arrow 3a 2,497,800
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 4,000  
4 Dividends and interest from securities ....     14 788,052  
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 .....     01 14,869  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,890,870  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASSTHRU INTEREST 		    14 7,279  
bPASSTHRU DIVIDEND     14 11,013  
cPASSTHRU CAPITAL GAIN   435 18    
dPASSTHRU OTHER INCOME   262 14 20,268  
ePASSTHRU RENTAL     16 97  
12 Subtotal. Add columns (b), (d), and (e) .. 697 3,736,448 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,737,145
(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:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 16,202 3,240   12,962

TY 2023 InvestmentsCorpStockSchedule
Name:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Name of Stock End of Year Book Value End of Year Fair Market Value
ADVANCED MICRO DEVICES INC 216,371 210,873
AIR PRODUCTS & CHEM 274,418 458,039
ALPHABET INC 130,210 155,907
AMAZON 189,366 328,525
ANALOG DEVICES INC COM 146,285 348,097
AON PLC COM USD0.01 CL A 160,090 528,444
APOLLO GLOBAL MGMT INC 225,020 501,916
APPLE INC 75,778 368,585
ASTRAZENECA ADR REP 241,228 269,066
AVERY DENNISON CORP 238,933 262,380
BERKSHIRE HATHAWAY INC DEL CL B NEW 205,273 488,160
BLACKSTONE GROUP INC COM 70,130 216,650
CHEVRON CORP 250,649 226,809
C S X CORP 194,438 615,480
GE AEROSPACE 425,889 417,296
HOME DEPOT 126,699 156,629
JPMORGAN CHASE & CO 126,609 384,294
KYNDRYL HLDGS INC 295,679 576,189
L3 HARRIS TECHNOLOGIES INC COM 150,587 247,038
LINDE PLC COM EURO 380,558 669,185
LILLY ELI &CO COM NPV 108,153 1,380,705
MICROSOFT CORP 263,477 1,363,197
MONDELEZ INTL INC COM 118,948 117,792
MOTOROLA SOLUTIONS INC COM NEW 278,467 540,470
ORACLE CORP COM 173,026 713,060
PROGRESSIVE CORP 115,801 197,324
PROLOGIS INC 140,393 157,234
SERVICENOW INC COM 58,970 188,801
T MOBILE US INC COM 314,174 775,192
THERMO FISHER SCIENTIFIC INC 151,404 248,850
UNION PACIFIC CORP 249,304 350,703
VISA INC 247,877 292,654
SCHWAB VARIABLE SHARE 1,525,126 1,524,451
VANGUARD S&P 500 ETF 4,827,139 8,801,288
AMPHENOL CORP NEW CL A 27,958 129,216
BIO-TECHNE CORP 166,081 153,188
BROWN & BROWN INC 158,608 557,114
CDW CORP COM 200,357 527,591
CLEAN HBRS INC COM 227,334 321,811
CORE & MAIN INC C OM CL A 297,870 436,594
DAYFORCE INC COM 396,788 394,171
DUCKHORN PORTFOLI O INC 94,850 46,668
EMCOR GROUP INC COM 113,558 118,651
ENTEGRIS INC COM 162,704 307,629
FORTUNE BRANDS INNOVATIONS INC COM 209,656 180,079
ITT INC COM 204,652 245,830
LIVE NATION ENTMT INC COM 480,974 574,720
MARTIN MARIETTA MATLS INC COM 201,373 588,395
MIDDLEBY CORP COM 495,150 445,565
MORNINGSTAR INC 355,713 512,708
PAYCHEX INC COM 152,206 214,356
POOL CORP COM 78,388 77,754
PTC INC COM 76,302 96,285
QUANTA SVCS INC COM 150,670 176,084
REVVITY INC COM 165,528 251,769
ROLLINS INC COM 55,115 86,358
SERVICE CORP INTL 214,983 263,821
SIGNET JEWELERS LTD SHS 271,006 313,620
SMITH A O CORP COM 154,663 149,494
STERIS PLC REGISTERED SHS 108,596 146,872
TELEDYNE TECHNOLOGI ES INC 241,002 223,089
TEMPUR SEALY INTL INC COM 475,052 570,352
TORO CO 178,041 261,267
TRACTOR SUPPLY CO 130,118 244,350
TRIMBLE INC COM 336,098 302,415
VAIL RESORTS INC COM 271,835 230,386
WABTEC COM 265,313 468,302
ALPHABET INC CAP STK CL C 337,273 487,897
AIRBNB INC CL A COM 61,584 64,443
BEST BUY INC COM 223,030 286,586
BOOKING HLDGS INC COM 390,735 427,842
COCA COLA COMPANY 399,817 490,105
DICKS SPORTING GOODS INC COM 231,404 409,289
DISNEY WALT CO DISNEY COM 442,549 424,465
HEINEKEN NV SHS 334,829 343,072
LULULEMON ATHLETICA INC COM 525,710 400,258
LVMH MOET HENNESSY LOUIS VUITTON 329,569 337,370
MATTEL INC COM 203,573 161,381
MCDONALDS CORP 325,171 338,937
META PLATFORMS INC CL A 391,520 443,714
MICROSOFT CORP COM 305,056 388,847
NIKE INC CL B 302,832 226,110
PAYPAL HLDGS INC 524,145 496,157
PEPSICO INC COM 354,626 391,709
PROCTER & GAMBLE CO COM 130,636 156,674
RALPH LAUREN CORP 135,394 210,072
SCHLUMBERGER LTD COM 422,406 395,133
SCHWAB CHARLES CORP NEW COM 327,236 412,664
STARBUCKS CORP COM 397,284 354,218
VISA INC COM 125,108 157,482
WILLIAMS SONOMA INC COM 84,401 170,834

TY 2023 InvestmentsOtherSchedule2
Name:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARISTOTLE STRATEGIC INCOME FUND AT COST 2,571,529 2,598,772
ARTISAN HIGH INCOME FUND ADVISOR CLASS AT COST 2,587,393 2,607,237
EP ABSOLUTE RETURN STRATEGIES LTD AT COST 2,458,171 5,541,090
EP HEDGED EQUITY STRATEGIES LTD AT COST 909,917 234,423
EP PRIVATE EQUITY STRATEGIES 2019 LTD AT COST 3,916,944 4,152,744
EP PRIVATE EQUITY STRATEGIES 2022 LTD AT COST 550,000 499,453
EP LIFE SCIENCES LTD AT COST 2,500,000 2,410,180
EP ASIA EQUITY STRATEGIES LP AT COST 2,227,747 2,203,644
EP PRIVATE CREDIT STRATEGIES 2022 AT COST 1,281,510 1,397,111
CROW HOLDING REALTY PARTNERS X-A LP AT COST 533,527 371,133

TY 2023 OtherAssetsSchedule
Name:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
UNSETTLED DIVIDEND 16,717 14,816 14,816
FINE ARTS 1,255,300 1,255,300 9,555,500
PENDING TRADE RECEIVABLE 200,549    


TY 2023 OtherExpensesSchedule
Name:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ART STORAGE 998 0   998
PASSTHRU INVESTMENT INTEREST 7,050 7,050   0
PASSTHRU OTHER PORTFOLIO DEDUCTION 32,762 32,762   0


TY 2023 OtherIncomeSchedule2
Name:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
UNSETTLED DIVIDENDS 14,816 14,816 14,816
OTHER MISC INCOME 53 53 53
PASSTHRU INTEREST 7,279 7,279 7,279
PASSTHRU DIVIDEND 11,013 11,013 11,013
PASSTHRU CAPITAL GAIN 435 0 435
PASSTHRU OTHER INCOME 20,530 20,268 20,530
PASSTHRU RENTAL 97 97 97


TY 2023 OtherLiabilitiesSchedule
Name:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Description Beginning of Year - Book Value End of Year - Book Value
PENDING TRADES PAYABLE 146,292 0


TY 2023 OtherProfessionalFeesSchedule
Name:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 318,218 318,218   0
APPRAISAL FEE 0 0   0


TY 2023 TaxesSchedule
Name:
THE LIPMAN FAMILY FOUNDATION INC
EIN:
13-6066963
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 1,770 1,770   0
NEW YORK STATE REGISTRATION FEE AND UBI TAX 1,750 0   1,750
PASSTHRU FOREIGN TAX PAID 1,131 1,131   0
FED TAX WITHHOLD ON K-1 186 0   0