TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
BEAZLEY FOUNDATION INCORPORATED

Number and street (or P.O. box number if mail is not delivered to street address)3720 BRIGHTON STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PORTSMOUTH, VA23707

A Employer identification number

54-0550100

B Telephone number (see instructions)

(757) 393-1605

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$52,087,352J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	191,227		191,227	191,227
4	Dividends and interest from securities...	849,499		849,499	849,499
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10	List of Attached Documents: // Content	1,868,796
b	Gross sales price for all assets on line 6a 10,960,867
7	Capital gain net income (from Part IV, line 2)...
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).......	List of Attached Documents: // Content	41,017		41,017
12	Total. Add lines 1 through 11........	2,950,539		1,040,726	1,081,743
13	Compensation of officers, directors, trustees, etc.	316,492		158,246		158,246
14	Other employee salaries and wages......	581,092		102,195		478,897
15	Pension plans, employee benefits.......	292,551		43,858		248,693
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	13,600	6,800		6,800
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,100	550		550
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	29,262	1,646		8,793
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	46,705	16,594
20	Occupancy..............
21	Travel, conferences, and meetings.......	20,653		4,131		16,522
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	446,817	129,896		316,921
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,748,272		463,916		1,235,422
25	Contributions, gifts, grants paid.......	1,597,523				1,597,523
26	Total expenses and disbursements. Add lines 24 and 25	3,345,795		463,916		2,832,945
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-395,256
b	Net investment income (if negative, enter -0-)			576,810
c	Adjusted net income (if negative, enter -0-)...				1,081,743

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	520	520	520
	2	Savings and temporary cash investments.........	140,058	229,653	229,653
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	64,117	75,716	75,716
	10a	Investments—U.S. and state government obligations (attach schedule)	3,413,177	List of Attached Documents: // Content 3,255,841	3,121,147
	b	Investments—corporate stock (attach schedule).......	32,455,013	List of Attached Documents: // Content 31,641,355	41,803,282
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,908,155	List of Attached Documents: // Content 5,644,762	6,236,643
	14	Land, buildings, and equipment: basis 1,392,808
		Less: accumulated depreciation (attach schedule) 772,417	645,521	List of Attached Documents: // Content 620,391	620,391
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	41,626,561	41,468,238	52,087,352
	17	Accounts payable and accrued expenses..........	28,536	27,818
	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 )	List of Attached Documents: // Content 799,066	List of Attached Documents: // Content 766,092
	23	Total liabilities (add lines 17 through 22).........	827,602	793,910
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	40,798,959	40,674,328
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	40,798,959	40,674,328
	30	Total liabilities and net assets/fund balances (see instructions).	41,626,561	41,468,238

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

40,798,959

Enter amount from Part I, line 27a .....................

-395,256

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

303,236

Add lines 1, 2, and 3 ..........................

40,706,939

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

32,611

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

40,674,328

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.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	8,018
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	8,018
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	8,018
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	7,875
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	7,875
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	176
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	319
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

BEAZLEYFOUNDATION.ORG

The books are in care of right arrow

THE ORGANIZATION Telephone no. right arrow

(757) 393-1605

Located at right arrow

3720 BRIGHTON STREETPORTSMOUTHVA ZIP+4 right arrow

23707

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
RICHARD S BRAY	CHAIRMAN 20.00	40,000
3720 BRIGHTON STREET PORTSMOUTH,VA23707	CHAIRMAN 20.00	40,000
ROBERT S BEST	PRESIDENT 40.00	226,492
3720 BRIGHTON STREET PORTSMOUTH,VA23707	PRESIDENT 40.00	226,492
DIANE POMEROY GRIFFIN	VICE PRESIDE 2.00	0
1 HIGH STREET SUITE 303 PORTSMOUTH,VA23704	VICE PRESIDE 2.00	0
P WARD ROBINETT JR	SECRETARY 2.00	10,000
500 CRAWFORD ST PORTSMOUTH,VA23704	SECRETARY 2.00	10,000
LAWRENCE W I'ANSON III	TRUSTEE 2.00	10,000
2510 STANLEY AVE SE ROANOKE,VA24014	TRUSTEE 2.00	10,000
W ASHTON LEWIS	TRUSTEE 2.00	10,000
3412 WESTERN BRANCH BLVD CHESAPEAKE,VA23321	TRUSTEE 2.00	10,000
JOHN FAILES	TRUSTEE 2.00	10,000
5409 HIGH ST WEST PORTSMOUTH,VA23703	TRUSTEE 2.00	10,000
CHRISTINE PIERSALL	TRUSTEE 2.00	10,000
222 CENTRAL PARK AVE 1700 VIRGINIA BEACH,VA23462	TRUSTEE 2.00	10,000

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...................

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

47,347,411

Average of monthly cash balances.......................

190,765

Fair market value of all other assets (see instructions)................

1,555,259

Total (add lines 1a, b, and c).........................

49,093,435

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

49,093,435

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

736,402

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

48,357,033

Minimum investment return. Enter 5% (0.05) of line 5................

2,417,852

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.)

Minimum investment return from Part IX, line 6..................

2,417,852

Tax on investment income for 2022 from Part V, line 5.......

8,018

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

8,018

Distributable amount before adjustments. Subtract line 2c from line 1............

2,409,834

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

2,409,834

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

2,409,834

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,832,945

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

2,832,945

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			2,409,834
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......	1,020,358
b From 2019......	513,697
c From 2020......	340,112
d From 2021......	250,203
e From 2022......	316,239
f Total of lines 3a through e ........		2,440,609
4Qualifying distributions for 2023 from Part
XI, line 4: $ 2,832,945
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....			2,409,834
e Remaining amount distributed out of corpus		423,111
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		2,863,720
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		1,020,358
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		1,843,362
10 Analysis of line 9:
a Excess from 2019....	513,697
b Excess from 2020....	340,112
c Excess from 2021....	250,203
d Excess from 2022....	316,239
e Excess from 2023....	423,111

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

THE BEAZLEY FOUNDATION
3720 BRIGHTON STREET
PORTSMOUTH,VA23707
(757) 393-1605

bThe form in which applications should be submitted and information and materials they should include:

ALL GRANT PROPOSALS MUST BE DISCUSSED WITH THE PRESIDENT OF THE FOUNDATION OR HIS OR HER DESIGNEE PRIOR TO SUBMISSION. APPLICATIONS WILL BE FORWARDED AFTER DISCUSSION.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ABILITY CENTER OF VIRGINIA 5825 ARROWHEAD DRIVE 201 VIRGINIA BEACH,VA23462	NONE	501C3	GRANT	10,000
ACCESS COLLEGE FOUNDATION 2555 ELLSMERE AVENUE SUITE 110 NORFOLK,VA23513	NONE	501C3	GRANT	103,000
BARRIER ISLANDS CENTER 7925 YOUNG STREET MACHIPONGO,VA23405	NONE	501C3	GRANT	15,000
BOYS & GIRLS CLUB OF SE VIRGINIA 1300 DIAMOND SPRINGS ROAD VIRGINIA BEACH,VA23455	NONE	501C3	GRANT	10,000
CHANCO ON THE JAMES 394 FLOODS DRIVE SPRING GROVE,VA23881	NONE	501C3	GRANT	50,000
CHESAPEAKE REGIONAL HEALTH FOUNDATI 736 BATTLEFIELD BLVD CHESAPEAKE,VA23320	NONE	501C3	GRANT	100,000
CHESAPEAKE ROTARY FOUNDATION PO BOX 15705 CHESAPEAKE,VA23328	NONE	501C3	GRANT	5,000
CHESAPEAKE SPORTS CLUB PO BOX 2422 CHESAPEAKE,VA23327	NONE	501C3	GRANT	1,000
CHILDRENS HOSPITAL OF THE KINGS DAU 601 CHILDRENS LANE NORFOLK,VA23507	NONE	501C3	GRANT	125,000
CHRISTOPHER ACADEMY 3300 CEDAR LANE PORTSMOUTH,VA23703	NONE	501C3	GRANT	100,000
CHRISTOPHER NEWPORT UNIVERSITY ONE UNIVERSITY PLACE NEWPORT NEWS,VA23606	NONE	501C3	GRANT	125,000
CIRCUIT COURT OF THE CITY OF CHESAP 307 ALBEMARLE DRIVE CHESAPEAKE,VA23322	NONE	501C3	GRANT	39,500
COMMUNITY OUTREACH COALITION 100 7TH STREET SUITE 104 PORTSMOUTH,VA23704	NONE	501C3	GRANT	2,000
EASTERN VIRGINIA MEDICAL SCHOOL PO BOX 1980 NORFOLK,VA23501	NONE	501C3	GRANT	25,000
EDMARC INC 516 LONDON STREET PORTSMOUTH,VA23404	NONE	501C3	GRANT	50,000
EMILY GREEN SHORES 500 WESTMORELAND AVENUE PORTSMOUTH,VA23707	NONE	501C3	GRANT	17,508
FORT NELSON CH NATIONAL SOCIETY DAR 114 SHORE DRIVE PORTSMOUTH,VA23703	NONE	501C3	GRANT	515
GIVE BACK 2 DA BLOCK 4035 STOWAWAY LANE PORTSMOUTH,VA23703	NONE	501C3	GRANT	5,000
HAMPTON ROADS WORKFORCE FOUNDATION 999 WATERSIDE DRIVE SUITE 1314 NORFOLK,VA23510	NONE	501C3	GRANT	58,000
HELP AND EMERGENCY RESPONSE INC P O BOX 2187 PORTSMOUTH,VA23702	NONE	501C3	GRANT	30,000
HICKORY ELEMENTARY SCHOOL 109 BENEFIT ROAD CHESAPEAKE,VA23322	NONE	501C3	GRANT	5,000
HORIZONS HAMPTON ROADS 7336 GRANBY STREET NORFOLK,VA23505	NONE	501C3	GRANT	50,000
IDA BARBOUR EARLY LEARNING CENTER 1400 CAMDEN AVENUE PORTSMOUTH,VA23704	NONE	501C3	GRANT	30,000
JACOBS LADDER PO BOX 555 URBANNA,VA23175	NONE	501C3	GRANT	50,000
JOY MINISTRIES PO BOX 65036 VIRGINIA BEACH,VA23467	NONE	501C3	GRANT	11,500
LEES FRIENDS 7400 HAMPTON BLVD NORFOLK,VA23505	NONE	501C3	GRANT	10,000
MAX STRONG MEMORIAL FUND 1845 BROOKWOOD ROAD NORFOLK,VA23518	NONE	501C3	GRANT	10,000
MERCY CHEFS 711 WASHINGTON STREET PORTSMOUTH,VA23704	NONE	501C3	GRANT	20,000
NORFOLK CHRISTIAN SCHOOLS 255 THOLE STREET NORFOLK,VA23505	NONE	501C3	GRANT	60,000
OASIS SOCIAL MINISTRY 800 WILLIAMSBURG AVENUE B PORTSMOUTH,VA23704	NONE	501C3	GRANT	15,000
ODU COLLEGE OF HEALTH SCIENCES FOUN 4417 MONARCH WAY NORFOLK,VA23529	NONE	501C3	GRANT	125,000
OPERATION BLESSING 977 CENTERVILLE TURNPIKE VIRGINIA BEACH,VA23463	NONE	501C3	GRANT	10,000
PORTSMOUTH SERVICE LEAGUE PO BOX 6647 PORTSMOUTH,VA23703	NONE	501C3	GRANT	10,000
REGENT UNIVERSITY 1000 REGENT UNIVERSITY DR VIRGINIA BEACH,VA23464	NONE	501C3	GRANT	50,000
ROC SOLID 5161 WEST MILITARY HWY SUITE 100 CHESAPEAKE,VA23321	NONE	501C3	GRANT	17,500
SAINT MARYS HOME 6171 KEMPSVILLE CIRCLE NORFOLK,VA23502	NONE	501C3	GRANT	75,000
SOCIETY OF ST ANDREW 3383 SWEET HOLLOW ROAD BIG ISLAND,VA24526	NONE	501C3	GRANT	5,000
STARBASE VICTORY PO BOX 906 PORTSMOUTH,VA23705	NONE	501C3	GRANT	20,000
THE ACADEMY OF MUSIC 1709 COLLEY AVENUE 302 NORFOLK,VA23517	NONE	501C3	GRANT	25,000
THE ONESIMUS MINISTRIES 2619 POCATY ROAD CHESAPEAKE,VA23322	NONE	501C3	GRANT	10,000
TIDEWATER WINDS PO BOX 6200 VIRGINIA BEACH,VA23466	NONE	501C3	GRANT	12,000
TIDEWATER YOUTH SERVICES FOUNDATION 2404 AIRLINE BLVD PORTSMOUTH,VA23701	NONE	501C3	GRANT	50,000
UNION MISSION MINISTRIES PO BOX 3203 NORFOLK,VA23514	NONE	501C3	GRANT	10,000
UNITED JEWISH FEDERATION 5000 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH,VA23462	NONE	501C3	GRANT	10,000
WESLEY COMMUNITY SERVICE CENTER 1701 ELM AVENUE PORTSMOUTH,VA23704	NONE	501C3	GRANT	5,000
YOUNG LIFE 306 CEDAR ROAD CHESAPEAKE,VA23322	NONE	501C3	GRANT	30,000
Total ................................. 3a				1,597,523

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	191,227
4 Dividends and interest from securities ....			14	849,499
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 ............					1,868,796
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFREEDOM INDUSTRIAL ASSOCIAT	531120	-21,158
bHGI OPP SELECT FUND IV LLC	531120	91
cHGI OPP SELECT FUND V LLC	531120	17,983
dHGI OPP SELECT FUND VI LLC	531120	18,384
eHGI OPP SELECT FUND VII LLC	531120	40,943
fHGI OPPORTUNITY FUND III LL	531120	-2,525
gHGI OPPORTUNITY FUND VII LL	531120	-470
hHGI OPPORTUNITY FUND XIII L	531120	8,655
iHGI OPPORTUNITY FUND XIV LL	531120	-1,361
jHGI OPPORTUNITY FUND XV LLC	531120	-582
kHGI OPPORTUNITY FUND XVI LL	531120	-6,392
lHGI OPPORTUNITY FUND XVII L	531120	-29,488
mHGI US PROPERTY FUND IV LLC	531120	114
nHRE RETAIL INCOME FUND II L	531120	11,462
oWHEELER REIT LP	531120	5,361
12 Subtotal. Add columns (b), (d), and (e) ..		41,017		1,040,726	1,868,796

13Total. Add line 12, columns (b), (d), and (e)..................

2,950,539

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING SERVICES	13,600	6,800		6,800

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income
BLDG-BSC	1956-12-01	96,439	96,439	S/L	34.0000
ADDTN-BSC	1974-01-01	56,318	56,318	S/L	10.0000
ADDTN-BSC	1974-07-01	9,650	9,650	S/L	10.0000
LAND-BSC	1973-12-01	10,715
LAND-BSC	1984-10-31	1,771
LAND-ADMIN	1984-05-31	46,460
SIDING-BSC	1984-03-31	2,000	2,000	S/L	7.0000
SHELTER-BSC	1991-03-31	9,616	9,616	S/L	10.0000
CHAIRS-BSC	1994-07-01	307	307	S/L	8.0000
SAFE-BSC	1995-07-01	222	222	S/L	8.0000
FILE CABINET	1995-07-01	296	296	S/L	8.0000
4 FIRE EXTING	1995-07-01	140	140	S/L	8.0000
75 FOLDING	1995-07-01	515	515	S/L	8.0000
CREDENZA	1995-07-01	208	208	S/L	8.0000
VACUUM-BSC	1990-05-01	414	414	S/L	5.0000
KILN-BSC	1990-07-12	1,006	1,006	S/L	5.0000
HI-VAC	1990-10-15	1,672	1,672	S/L	5.0000
BLACKBD-BSC	1991-05-09	251	251	S/L	5.0000
KILN-BSC	1992-09-02	1,124	1,124	S/L	5.0000
KILN	1993-04-15	1,254	1,254	S/L	5.0000
FLAG POLE	1993-06-07	1,162	1,162	S/L	5.0000
PICNIC	1993-06-30	809	809	S/L	5.0000
KILN	1994-03-23	1,379	1,379	S/L	5.0000
LENOX	1997-01-24	4,430	4,430	S/L	5.0000
BINGO	1997-09-17	5,225	5,225	S/L	5.0000
KILN VENTS	1998-04-28	3,236	3,236	S/L	5.0000
GRILL-BSC	1999-05-03	199	199	S/L	5.0000
STEREO-BSC	1999-07-29	261	261	S/L	8.0000
LOUD SPEAKERS	1999-02-23	503	503	S/L	8.0000
CHAIR	2001-01-03	167	167	S/L	7.0000
25 FOLDING	2001-05-02	522	522	S/L	7.0000
SANDER	2001-11-30	387	387	S/L	5.0000
COUNTERTOP	2000-10-29	1,160	1,160	S/L	5.0000
2 COMPUTERS	2002-10-28	1,592	1,592	S/L	5.0000
20 - CHAIRS	2002-06-21	645	645	S/L	7.0000
COMPUTER	2002-07-12	980	980	S/L	5.0000
BANDSAW	2004-02-19	408	408	S/L	5.0000
COMPUTER	2004-04-29	1,114	1,114	S/L	5.0000
LOVESEATS	2004-09-08	378	378	S/L	5.0000
COMPUTER	2005-09-23	2,736	2,736	S/L	5.0000
OFFICE FURNITURE	2006-07-21	3,273	3,273	S/L	7.0000
CHAIR	2007-01-29	1,872	1,872	S/L	7.0000
DEFIBRILLATOR	2007-03-08	1,715	1,715	S/L	5.0000
COMPUTER	2007-10-29	658	658	S/L	5.0000
SECURITY SYSTEM	2007-11-29	2,050	2,050	S/L	5.0000
AIR CONDITIONER	2008-09-12	2,100	2,100	S/L	5.0000
DISHWASHER/WALL	2008-01-16	1,237	1,237	S/L	5.0000
HVAC REPLACEMENT - ADM	2012-06-27	4,490	4,490	S/L	5.0000
TELEVISON - BSC	2012-10-04	2,293	2,293	S/L	5.0000
COMPUTERS	2014-01-30	2,164	2,164	S/L	5.0000
ELECTRONIC SYSTEMS	2014-02-12	2,236	2,236	S/L	5.0000
NEW FLOORING	2003-02-12	2,119	1,082	S/L	39.0000	54
REFINISH	1995-07-25	2,385	1,635	S/L	40.0000	59
ROOF BSC	2004-01-05	2,795	1,362	S/L	39.0000	71
FINISH OLD	2001-06-18	3,024	1,670	S/L	39.0000	78
BATHROOM LIGHTS/MIRROR	2014-12-01	701	701	S/L	7.0000
SLAB ROLLER	2014-04-07	2,140	2,140	S/L	5.0000
ACOUSTICAL	1999-10-25	5,377	3,114	S/L	40.0000	135
COMPUTERS	2014-09-22	992	992	S/L	5.0000
SIGN MEDIA	2014-12-01	3,280	1,326	S/L	20.0000	164
COMPUTER	2018-10-12	877	745	S/L	5.0000	132
COMPUTER	2018-10-12	877	745	S/L	5.0000	132
COMPUTER	2018-10-12	877	745	S/L	5.0000	132
IMPROVEMENTS	2019-10-16	42,204	3,341	S/L	40.0000	1,055
OFFICE CHAIRS	2014-09-26	1,288	1,288	S/L	7.0000
ARCHITECT FEES	1993-12-23	9,473	6,868	S/L	40.0000	237
HANDICAP RAMP	2005-12-22	3,575	3,575	S/L	15.0000
FENCE	2018-08-03	3,920	1,127	S/L	15.0000	261
HVAC	2019-05-23	6,800	1,624	S/L	15.0000	454
WINDOW SHADES	2014-12-01	1,868	1,868	S/L	7.0000
REFRIGERATOR	2014-10-24	1,649	1,649	S/L	5.0000
FILE DRAWER	2017-01-23	1,404	1,404	S/L	5.0000
ATLANTIC ENVIRONMENTAL	2014-12-01	11,420	2,347	S/L	39.0000	293
COMPUTERS	2014-04-08	5,974	5,974	S/L	5.0000
GLASS MIRROR	2014-08-01	2,707	2,707	S/L	5.0000
WIRELESS AP	2019-02-22	1,240	1,240	S/L	3.0000
ROOFING - BSC	2012-12-13	3,680	3,680	S/L	10.0000
ROOFING - BSC	2011-02-07	4,140	4,140	S/L	10.0000
ADM ROOF	2008-04-24	16,920	6,363	S/L	39.0000	434
WINDOW REPAIR - BSC	2012-01-03	4,383	4,383	S/L	10.0000
FURNITURE	2017-05-23	2,205	2,205	S/L	5.0000
CHAIR, BOOKCASE, TABLE	2014-12-02	3,287	3,287	S/L	7.0000
FIREWALL	2019-02-28	1,719	1,719	S/L	3.0000
ARCHITECTURAL SERV - RENOVATIONS	2014-12-01	18,836	3,892	S/L	39.0000	483
PHONE SYSTEM	2019-05-13	4,084	2,995	S/L	5.0000	816
COPIER	2018-02-22	2,783	2,690	S/L	5.0000	93
RHEEM A/C UNIT	2013-10-11	7,380	6,827	S/L	10.0000	553
OFFICE FURNITURE	2014-06-18	5,600	5,600	S/L	7.0000
OFFICE FURNITURE	2014-09-08	6,267	6,267	S/L	7.0000
ARCHITECTURAL SERV - RENOVATIONS	2014-12-01	35,066	7,245	S/L	39.0000	900
PHONE SYSTEM	2018-04-20	5,608	5,234	S/L	5.0000	374
BATHROOMS RENOVATIONS	2014-12-04	49,514	10,231	S/L	39.0000	1,269
ROOFING - BSC	2010-03-22	13,400	13,400	S/L	10.0000
CARPET	2014-12-01	7,804	7,804	S/L	5.0000
RENOVATIONS	2014-12-01	70,582	14,584	S/L	39.0000	1,810
BLDG-ADMIN	1984-05-31	74,205	71,577	S/L	40.0000	1,855
OFFICE FURNITURE	2014-06-05	13,575	13,575	S/L	7.0000
OFFICE FURNITURE	2014-09-08	15,274	15,274	S/L	7.0000
RENOVATIONS	2014-12-01	92,815	19,178	S/L	39.0000	2,380
OFFICE RENOVATIONS	2014-12-04	160,541	33,172	S/L	39.0000	4,116
BSC ADDITION	1993-12-23	198,553	143,951	S/L	40.0000	4,964
HVAC	2020-08-23	7,500	1,750	S/L	10.0000	750
2020 TOYOTA HIGHLANDER	2020-01-28	31,039	17,758	S/L	5.0000	6,208
ROOF	2021-06-14	25,623	1,013	S/L	39.0000	657
COMPUTER	2021-08-24	2,050	1,005	200DB	5.0000	418
CONFERENCE ROOM AV	2021-12-21	2,113	909	200DB	5.0000	481
NETWORK UPGRADE	2021-12-21	2,325	1,000	200DB	5.0000	530
2022 TOYOTA 4RUNNER	2022-01-12	51,004	10,201	S/L	5.0000	10,201
VICOM	2022-06-06	2,262	264	S/L	5.0000	452
HVAC REPLACEMENT	2022-09-22	10,502	263	S/L	10.0000	1,050
RAMP	2022-11-08	5,000	56	S/L	15.0000	333
COMPUTERS	2022-11-22	2,867	48	S/L	5.0000	573
SHED	2023-05-31	9,562		S/L	10.0000	558	16,594
FENCE	2023-08-25	6,550		S/L	15.0000	255
BINGO MACHINE	2023-05-30	3,000		S/L	7.0000	250
NETWORK UPGRADE	2023-03-06	2,466		S/L	3.0000	685

- TIN:

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TY 2023 GainLossSaleOtherAssetsSch

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
VARIOUS SECURITIES	2023-12	PURCHASE	2023-12		10,960,867	9,092,071			1,868,796

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Name of Stock	End of Year Book Value	End of Year Fair Market Value
EQUITIES AND MUTUAL FUNDS	31,641,355	41,803,282

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

US Government Securities - End of Year Book Value:

3,255,841

US Government Securities - End of Year Fair Market Value:

3,121,147

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
CASH EQUIVALENTS	AT COST	1,002,906	1,002,906
PARTNERSHIP INTERESTS	AT COST	784,806	1,477,473
FIXED INCOME INVESTMENTS	AT COST	2,168,530	1,996,499
PRIVATE EQUITY FUNDS	AT COST	1,688,520	1,759,765

- TIN:

TY 2023 LandEtcSchedule2

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
	1,333,862	772,417	561,445	620,391
	58,946		58,946

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Description	Amount
REAL ESTATE LP INCOME DIFFERENCE	32,611

- TIN:

TY 2023 OtherExpensesSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
DUES AND SUBSCRIPTIONS	3,875	775	3,100
INSURANCE	25,236	2,733	22,503
INVESTMENT MGMT FEES	286,109	115,820	170,289
OFFICE SUPPLIES	24,290	4,456	19,834
PROGRAM SUPPLIES	31,637		31,637
REPAIRS AND MAINTENANCE	25,170	1,902	23,268
STAFF DEVELOPMENT	5,920	1,184	4,736
UTILITIES	44,580	3,026	41,554

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Description	Revenue And Expenses Per Books	Adjusted Net Income
FREEDOM INDUSTRIAL ASSOCIATES	-21,158	-21,158
HGI OPP SELECT FUND IV LLC	91	91
HGI OPP SELECT FUND V LLC	17,983	17,983
HGI OPP SELECT FUND VI LLC	18,384	18,384
HGI OPP SELECT FUND VII LLC	40,943	40,943
HGI OPPORTUNITY FUND III LLC	-2,525	-2,525
HGI OPPORTUNITY FUND VII LLC	-470	-470
HGI OPPORTUNITY FUND XIII LLC	8,655	8,655
HGI OPPORTUNITY FUND XIV LLC	-1,361	-1,361
HGI OPPORTUNITY FUND XV LLC	-582	-582
HGI OPPORTUNITY FUND XVI LLC	-6,392	-6,392
HGI OPPORTUNITY FUND XVII LLC	-29,488	-29,488
HGI US PROPERTY FUND IV LLC	114	114
HRE RETAIL INCOME FUND II LP	11,462	11,462
WHEELER REIT LP	5,361	5,361

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Description	Amount
CHANGE IN DEFERRED COMP LIABILITY	32,974
INVESTMENT COST ADJUSTMENT	270,262

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Description	Beginning of Year - Book Value	End of Year - Book Value
DEFERRED COMPENSATION	799,066	766,092

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
	1,100	550		550

- TIN:

TY 2023 TaxesSchedule

Name:

BEAZLEY FOUNDATION INCORPORATED

EIN:

54-0550100

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE AND UBI TAX	18,823
OTHER TAXES	10,439	1,646		8,793