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
THE ELIZABETH & BARETS O BENJAMIN
CHARITABLE FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)CO SASS 210 PARK AVENUE 2ND FLOOR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
FLORHAM PARK, NJ07932

A Employer identification number

22-3390586

B Telephone number (see instructions)

(973) 302-9700

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

$12,915,151J 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	(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	107,459		107,459
4	Dividends and interest from securities...	139,169		138,147
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		233,658
b	Gross sales price for all assets on line 6a 1,544,175
7	Capital gain net income (from Part IV, line 2)...			233,658
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	480,286		479,264
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).........	List of Attached Documents: // Content	8,267	0	8,267
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	4,850	100	4,750
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	141,121	80,287	60,834
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,416	1,416	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	653		0	653
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	298	83	215
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	156,605		81,886	74,719
25	Contributions, gifts, grants paid.......	605,500			605,500
26	Total expenses and disbursements. Add lines 24 and 25	762,105		81,886	680,219
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-281,819
b	Net investment income (if negative, enter -0-)			397,378
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	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.............	1	1	1
	2	Savings and temporary cash investments.........	1,199,704	452,579	452,579
	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..........
	10a	Investments—U.S. and state government obligations (attach schedule)	413,852	List of Attached Documents: // Content 348,805	328,385
	b	Investments—corporate stock (attach schedule).......	4,627,222	List of Attached Documents: // Content 4,521,793	8,256,030
	c	Investments—corporate bonds (attach schedule).......	3,314,085	List of Attached Documents: // Content 3,952,130	3,873,321
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 7,098	List of Attached Documents: // Content 4,835	List of Attached Documents: // Content 4,835
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,561,962	9,280,143	12,915,151
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	9,561,962	9,280,143
	29	Total net assets or fund balances (see instructions).....	9,561,962	9,280,143
	30	Total liabilities and net assets/fund balances (see instructions).	9,561,962	9,280,143

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

9,561,962

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

-281,819

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

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

9,280,143

Decreases not included in line 2 (itemize) right arrow

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

9,280,143

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
1 a	PUBLICALY TRADED SECURITIES	P
b	PUBLICALY TRADED SECURITIES	P
c	CLASS ACTION SETTLEMENT	P
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	151,129	164,753	-13,624
b	1,391,855	1,145,764	246,091
c	118		118
d	1,073		1,073
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			-13,624
b			246,091
c			118
d			1,073
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	233,658
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	5,524
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	5,524
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	5,524
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	3,125
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	8,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	11,125
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	99
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5,502
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax5,502	Refunded	11	0

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

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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?.........

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

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

NONE

The books are in care of right arrow

SHERMAN ATLAS SYLVESTER STAMELMAN Telephone no. right arrow

(973) 302-9700

Located at right arrow

210 PARK AVENUE 2ND FLOORFLORHAM PARKNJ ZIP+4 right arrow

07932

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MARY R LASSER	TRUSTEE/PRESIDENT 0.25	0	0	0
333 ELMWOOD AVENUE MAPLEWOOD,NJ07040	TRUSTEE/PRESIDENT 0.25	0	0	0
PETER LASSER	VP/TREAS 2.00	0	0	0
2628 WINDING LANE ATLANTA,GA30319	VP/TREAS 2.00	0	0	0
ANDREW STAMELMAN ESQ	TRUSTEE/SECRETARY 2.00	0	0	0
210 PARK AVENUE 2ND FLOOR FLORHAM PARK,NJ07932	TRUSTEE/SECRETARY 2.00	0	0	0
JULIA WATT-ROSENFELD	TRUSTEE 0.25	0	0	0
163 OCEAN AVENUE 3E BROOKLYN,NY11225	TRUSTEE 0.25	0	0	0
VICKI RUDNITSKY	TRUSTEE 0.25	0	0	0
3852 ALAMANDA DRIVE SARASOTA,FL34238	TRUSTEE 0.25	0	0	0
MADELEINE LASSER	TRUSTEE 0.25	0	0	0
4418 SPRUCE STREET APT L4 PHILADELPHIA,PA19104	TRUSTEE 0.25	0	0	0
JESSE ROSENFELD	TRUSTEE 0.25	0	0	0
748 KING STREET RYE BROOK,NY10573	TRUSTEE 0.25	0	0	0

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...................				0

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
1919 INVESTMENT COUNSEL LLC	INVESTMENT MANAGEMENT AND ADMINISTRATION	80,287
2 LOGAN SQUARE SUITE 1850 PHILADELPHIA,PA19103	INVESTMENT MANAGEMENT AND ADMINISTRATION	80,287
THE PHILANTHROPIC INITIATIVE	CHARITABLE PLANNING	60,834
75 ARLINGTON STREET SUITE 710 BOSTON,MA02116	CHARITABLE PLANNING	60,834

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

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

12,344,461

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

30,549

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

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

12,375,010

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

12,375,010

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

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

185,625

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

12,189,385

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

609,469

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

609,469

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

5,524

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

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

5,524

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

603,945

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

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

603,945

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

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

603,945

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 ..........

680,219

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. .......

680,219

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					603,945
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......	71,808
d From 2021......
e From 2022......	74,298
f Total of lines 3a through e ........		146,106
4Qualifying distributions for 2023 from Part
XI, line 4: $ 680,219
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.....					603,945
e Remaining amount distributed out of corpus		76,274
5 Excess distributions carryover applied to 2023.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		222,380
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 ......		222,380
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....	71,808
c Excess from 2021....
d Excess from 2022....	74,298
e Excess from 2023....	76,274

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).)

MARY R LASSER

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 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)

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
THE PHILANTHROPIC INITIATIVE 420 BOYLSTON STREET BOSTON,MA02116	NONE	PC	FOR OPERATIONS	605,500
Total ................................. 3a				605,500

bApproved for future payment

Total ................................. 3b				0

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	107,459
4 Dividends and interest from securities ....			14	139,169
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	233,658
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		480,286	0

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

480,286

(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:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ASH & PARSONT LLP	4,750	0		4,750
TAX PREPARATION DOCUMENT	100	100		0

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Name of Bond	End of Year Book Value	End of Year Fair Market Value
50,000 COCA COLA CO/THE 1.45% 6/01/27	49,940	45,765
45,000 GILEAD SCIENCES INC 1.2% 10/01/27	44,961	40,211
80,000 AT&T INC 1.65% 2/01/28	79,899	71,797
60,000 CELGENE CORP 3.9% 2/20/28	59,485	59,125
65,000 LOWE'S COS INC 1.3% 4/15/28	64,954	57,295
115,000 BK OF AMER CORP 4% 4/01/24	114,748	115,684
100,000 ORACLE CORP 3.4% 7/08/24	100,188	100,452
85,000 CITI GROUP INC 6.0232% 10/30/24	85,000	85,883
60,000 PNC FINL SVCS 2.2% 11/01/24	59,980	58,550
40,000 GEN MTRS FINL CO 2.9% 2/26/25	39,950	39,238
30,000 INTEL CORP 3.4% 3/25/25	29,954	29,774
50,000 QUALCOMM INC 3.45% 5/20/25	49,628	49,336
45,000 HP INC 2.2% 6/17/25	44,896	43,166
45,000 PROCTER & GAMBLE CO 0.55% 10/29/25	44,927	42,097
50,000 MICROSOFT CORP 3.125% 11/03/25	50,671	49,104
50,000 EXXON MOBIL CORP 3.043% 3/01/26	50,651	49,078
40,000 WELLTOWER INC 2.7% 2/15/27	39,957	37,974
45,000 PROLOGIS LP 2.125% 4/15/27	44,779	41,753
100,000 ABBVIE INC 4.25% 11/14/28	104,622	100,120
55,000 BOSTON PPTYS LP 4.5% 12/01/28	53,886	52,610
35,000 AT&T INC 4.35% 3/01/29	34,828	35,070
35,000 BLACKROCK INC 3.25% 4/30/29	34,716	33,854
45,000 AVANGRID INC 3.8% 6/01/29	44,936	42,512
60,000 UNITEDHEALTH GROUP 2.875% 8/15/29	60,768	56,395
95,000 HOST HOTELS 3.375% 12/15/29	94,257	85,546
45,000 HALLIBURTON CO 2.92% 3/01/30	44,988	40,937
50,000 VERIZON 1.75% 1/20/31	49,773	41,547
45,000 BK OF NY MELLON MTN 1.6% 4/24/25	44,983	43,338
100,000 WELLS FARGO & CO MTN 3.55% 9/29/25	100,830	98,703
45,000 PRUDENTIAL FINL MTN 1.5% 3/10/26	44,859	42,185
60,000 MORGAN STANLEY 2.72% 7/22/25	59,988	59,766
45,000 CITIGROUP INC V/R 4/08/26	45,000	44,085
40,000 JPMORGAN CHASE & CO V/R 1/29/27	40,000	39,752
35,000 BK OF MONTREAL 2.5% 6/28/24	34,915	34,490
70,000 INTL BK RECON 3.125% 11/20/25	69,612	68,656
70,000 NUTRIEN LTD 4.2% 4/01/29	68,595	69,594
95,000 TORONTO-DOMINION BK 1.15% 6/12/25	95,274	90,009
115,000 VERIZON - .75% - 03/22/24	114,993	113,970
85,000 NVIDIA CORP - .584% - 06/14/24	85,000	83,206
45,000 THERMO FISHER 1.215% 10/18/24	45,000	43,709
45,000 WALMART INC 1.5% 9/22/28	44,952	40,410
65,000 AUTODESK INC 2.4% 12/15/31	64,365	55,719
50,000 AT&T 0.9% 3/25/24	49,995	49,560
65,000 UNITEDHEALTH 0.55% 5/15/24	64,932	63,888
75,000 EVERSOURCE ENERGY 4.2% 6/27/24	74,760	74,503
45,000 CINTAS CORP 3.45% 5/1/25	44,990	44,424
100,000 TARGET CORP 4.5% 9/15/32	97,105	102,381
60,000 COMCAST CORP 5.5% 11/15/32	60,645	64,339
70,000 BK OF N S 1.95% 2/02/27	69,969	65,063
45,000 AMGEN 5.25% 3/2/33	44,969	46,917
45,000 BANK OF AMERICA 6.4062% 9/15/26	44,442	44,411
50,000 BLACKROCK 4.75% 5/25/33	49,308	50,769
45,000 CONCENTRIX 6.85% 8/2/33	44,926	47,575
35,000 DUKE ENERGY 4.95% 1/15/33	34,620	36,484
40,000 ELEVANCE HEALTH 2.875% 9/15/29	39,952	37,020
65,000 ELEVANCE HEALTH 5.5% 10/15/32	67,913	68,809
60,000 HOME DEPOT 4.5% 9/15/32	59,096	62,005
45,000 INTUIT 5.2% 9/15/33	44,740	47,859
100,000 JABIL 4.25% 5/15/27	95,070	97,999
45,000 M&T BANK 7.413% 10/30/29	45,000	49,049
60,000 META PLATFORMS 4.95% 5/15/33	59,885	62,307
45,000 NISOURCE 5.4% 6/30/33	44,832	46,449
45,000 PFIZER INVESTMENT 4.75% 5/19/33	44,933	45,342
65,000 PNC FINANCIAL 5.068% 1/24/34	65,000	65,022
65,000 REALTY INCOME 4.85% 3/15/30	64,206	66,351
40,000 TAPESTRY 7.35% 11/27/28	40,163	42,274
65,000 TOYOTA MOTOR CR CORP 1.125% 6/18/26	64,971	60,056

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Name of Stock	End of Year Book Value	End of Year Fair Market Value
HERSHEY CO-321 SHS	46,147	59,847
CINTAS CORP-219 SHS	25,565	131,983
ESTEE LAUDER COS INC-A-307 SHS	18,219	44,899
EXACT SCIENCES CORP-307 SHS	25,572	22,712
ALNYLAM PHARMA INC-100 SHS	9,027	19,141
INTUITIVE SURGICAL INC-60 SHS	11,783	20,242
UNITEDHEALH GROUP INC-301 SHS	13,459	158,467
WALT DISNEY COMPANY (THE)-624 SHS	75,202	56,341
TJX COMPANIES INC-1,138 SHS	23,954	106,756
AMAZON.COM INC-1,433 SHS	60,902	217,730
AUTODESK INC-227 SHS	35,986	55,270
CISCO SYSTEMS INC-2,098 SHS	70,334	105,991
MERCADOLIBRE INC-15 SHS	8,627	23,573
MICROSOFT CORP-1,270 SHS	99,048	477,571
SALESFORCE COM INC-425 SHS	57,302	111,835
PALO ALTO NETWORKS INC-387 SHS	29,786	114,119
SERVICENOW INC-140 SHS	66,467	98,909
SPLUNK INC-164 SHS	23,017	24,985
DANAHER CORP-438 SHS	15,590	101,327
TESLA INC-93 SHS	1,180	23,109
HONEYWELL INTERNATIONAL INC-320 SHS	44,803	67,107
APPLE INC-1,743 SHS	8,596	335,580
INTUIT INC-171 SHS	18,365	106,880
NVIDIA CORP-453 SHS	20,932	224,335
HEICO CORP CL A-522 SHS	48,348	74,354
UNION PACIFIC CORP-373 SHS	19,262	91,616
BANK OF AMERICA CORP-2,245 SHS	49,465	75,589
JP MORGAN CHASE & CO-450 SHS	20,651	76,545
VISA INC-CLASS A SHARES-544 SHS	24,484	141,630
EQUINIX INC-16 SHS	7,730	12,886
NEXTERA ENERGY INC-1,230 SHS	52,314	74,710
ISHARES MSCI SINGAPORE ETF-8,355 SHS	200,271	156,239
VANGUARD SMALL CAP-3,832 SHS	580,489	817,481
VANGUARD FTSE EMERGING MARKETS ETF-6,600 SHS	300,201	271,260
PROLOGIS INC-473 SHS	25,452	63,051
ALPHABET INC-CL C-1,464 SHS	14,661	206,322
HANNON ARMSTRONG SUSTAINABLE-1,338 SHS	42,083	36,902
T MOBILE US INC-73 SHS	5,692	11,704
TRUIST FINANCIAL CORPORATION-1,519 SHS	52,581	56,081
ROKU INC-232 SHS	23,920	21,265
IQVIA HOLDINGS INC-305 SHS	43,982	70,571
CLOUDFLARE INC-CLASS A-316 SHS	14,002	26,310
ALPHABET INC/CA-CL A-954 SHS	9,555	133,264
UBER TECHNOLOGIES INC-351 SHS	11,378	21,611
AMERICAN WATER WORKS-390 SHS	8,704	51,476
AON PLC-343 SHS	79,151	99,820
EATON CORP PLC-744 SHS	67,181	179,170
LINDE PLC-271 SHS	66,138	111,302
CHUBB LTD-465 SHS	46,752	105,090
YANDEX NV-A-365 SHS	13,638	6,913
GENMAB A/S -SP ADR-1,354 SHS	40,637	43,111
VALERO ENERGY INCA-714 SHS	58,488	92,820
STEEL DYNAMICS-736 SHS	37,301	86,922
SCHWAB (CHARLES) CORP-763 SHS	52,533	52,494
THERMO FISHER-319 SHS	17,854	169,322
ADVANCED DRAINAGE SYSTEMS-552 SHS	62,053	77,633
ELI LILLY-250 SHS	68,540	145,730
NETFLIX-221 SHS	82,714	107,600
CHIPOTLE-29 SHS	39,806	66,322
COSTCO WHOLESALE-135 SHS	18,867	89,111
LEGALZOOM-1,768 SHS	26,260	19,978
AIRBNB INC - CLASS A-130 SHS	18,164	17,698
ROBLOX CORP-505 SHS	30,721	23,089
HOME DEPOT-478 SHS	36,449	165,651
PIONEER NATURAL RESOURCES-270 SHS	57,767	60,718
TREX INC-498 SHS	38,364	41,229
OLD DOMINION FGHT LINE INC-95 SHS	29,517	38,506
M&T BANK CORP-324 SHS	55,285	44,414
REINSURANCE GROUP OF AMERICA INC-454 SHS	62,640	73,448
WOLFSPEED INC COM-537 SHS	30,557	23,365
DOXIMITY INC-673 SHS	27,201	18,871
PROGYNY INC-507 SHS	16,769	18,850
MODERNA INC-212 SHS	26,923	21,083
UIPATH INC-844 SHS	18,617	20,965
PALANTIR TECHNOLOGIES INC-1,121 SHS	15,977	19,248
TWILIO INC-170 SHS	16,405	12,898
CRISPR THERAPEUTICS AG-190 SHS	15,512	11,894
ASTRAZENECA PLC SPONS ADR-1,265 SHS	80,581	85,198
NUTRIEN LTD-581 SHS	57,395	32,728
SHELL PLC ADR-1,610 SHS	85,061	105,938
SCHLUMBERGER LTD-1,041 SHS	54,313	54,174
AXON ENTERPRISE-85 SHS	16,346	21,958
BOSTON SCIENTIFIC-1,108 SHS	58,592	64,053
BROADCOM-67 SHS	59,561	74,789
META PLATFORMS-257 SHS	69,854	90,968
MOBILEYE GLOBAL-473 SHS	19,964	20,490
S&P GLOBAL-149 SHS	62,522	65,638
SHOPIFY-370 SHS	29,326	28,823
SNOWFLAKE-117 SHS	16,466	23,283
STRYKER-206 SHS	56,575	61,689
SYMBOTIC-446 SHS	16,623	22,893
VERALTO CORP-148 SHS	2,086	12,174
WORKDAY-347 SHS	79,026	95,793
ZOETIS-163 SHS	29,244	32,171
AMADEUS IT GROUP-914 SHS	58,384	65,881
ASML HOLDING NV-43 SHS	30,005	32,548

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

US Government Securities - End of Year Book Value:

348,805

US Government Securities - End of Year Fair Market Value:

328,385

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

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

- TIN:

TY 2023 LegalFeesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
SHERMAN ATLAS	8,267	0		8,267

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DUE TO/FROM BROKER	7,098	4,835	4,835

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
JPMORGAN CHASE - BANK CHARGES	215	0		215
ADR FEES	83	83		0

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
1919/STATE STREET - INVESTMENT COUNSEL/CUSTODY FEES AND ADMINISTRATION	80,287	80,287		0
TPI CONSULTING - GRANT CONSULTANT FEE	60,834	0		60,834

- TIN:

TY 2023 TaxesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	1,416	1,416		0