Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Morton K and Jane Blaustein
Foundation Inc
Number and street (or P.O. box number if mail is not delivered to street address)AFS One South Street 2950
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Baltimore, MD21202
A Employer identification number

52-1607300
B Telephone number (see instructions)

(410) 347-7201
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$58,652,377J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 125,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,098,650 1,098,650  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,606,139
b Gross sales price for all assets on line 6a 24,478,610
7 Capital gain net income (from Part IV, line 2)... 1,606,139
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-207,476 -222,713  
12 Total. Add lines 1 through 11........ 2,622,313 2,482,076  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 213,732 0   213,732
14 Other employee salaries and wages...... 47,266 0   47,266
15 Pension plans, employee benefits....... 77,805 0   77,805
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
82,200 24,660   57,540
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
122,640 111,137   11,503
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
69,425 34,425   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 26,822 0   26,822
21 Travel, conferences, and meetings....... 2,615 0   2,615
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,051 0   10,051
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 652,556 170,222   447,334
25 Contributions, gifts, grants paid....... 4,057,092 4,057,092
26 Total expenses and disbursements. Add lines 24 and 25 4,709,648 170,222   4,504,426
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,087,335
b Net investment income (if negative, enter -0-) 2,311,854
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,075,475 1,590,268 1,590,268
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 51,757,223 Click to see attachment
List of Attached Documents:
// Content
49,187,743 		57,048,547
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
47,564 		Click to see attachment
List of Attached Documents:
// Content
13,562 		Click to see attachment
List of Attached Documents:
// Content
13,562
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 52,880,262 50,791,573 58,652,377
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 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 52,880,262 50,791,573
29 Total net assets or fund balances (see instructions)..... 52,880,262 50,791,573
30 Total liabilities and net assets/fund balances (see instructions). 52,880,262 50,791,573
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
52,880,262
2
Enter amount from Part I, line 27a .....................
2
-2,087,335
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
50,792,927
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,354
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
50,791,573
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Artisan Sustainable Emerging Markets Fund P 2022-01-01 2023-12-31
b BGI Equity Index P 2022-01-01 2023-12-31
c Boston Partners International Equity P 2022-01-01 2023-12-31
d Commonfund International Partners VI P 2022-01-01 2023-12-31
e Commonfund Private Equity Partners VII P 2022-01-01 2023-12-31
Commonfund Venture Partners VI P 2022-01-01 2023-12-31
Commonfund Venture Partners VIII P 2022-01-01 2023-12-31
Ecosystem Investment Partners IV P 2022-01-01 2023-12-31
High Vista (Aberdeen) International Partners LP P 2022-01-01 2023-12-31
High Vista (Aberdeen) International Partners II LP P 2023-01-01 2023-12-31
High Vista (Aberdeen) Private Equity III LP P 2022-01-01 2023-12-31
High Vista (Aberdeen) Private Equity IV LP P 2022-01-01 2023-12-31
High Vista (Aberdeen) Venture Partners VI LP P 2023-01-01 2023-12-31
K5 Private Investors P 2022-01-01 2023-12-31
Lead Edge Capital VI P 2023-01-01 2023-12-31
New Mountain VI P 2022-01-01 2023-12-31
Oaktree Real Estate Opportunities Fund V P 2022-01-01 2023-12-31
Oaktree Opportunities Fund X P 2022-01-01 2023-12-31
Oaktree Opportunities Fund XB P 2022-01-01 2023-12-31
Pathway Private Equity Fund Investors, 11 P 2022-01-01 2023-12-31
Siguler Guff Distressed Opportunities Fd III P 2022-01-01 2023-12-31
SJF Ventures V, LP P 2022-01-01 2023-12-31
Spur Ventures III P 2022-01-01 2023-12-31
Spur Ventures VI P 2022-01-01 2023-12-31
The Rise Fund II P 2022-01-01 2023-12-31
Publically Traded Securities - Riverbridge   2023-01-01 2023-12-31
Publically Traded Securities - Riverbridge   2022-01-01 2023-12-31
Publically Traded Securities - JPM #7008   2023-01-01 2023-12-31
JPM #7008 - Cash in Lieu - Veralto Corp   2022-01-01 2023-12-31
2.52 Shs BGI Equity Index/BI01 P 2022-01-01 2023-12-31
658.67 Shs BGI Equity Index/BI01 P 2022-01-01 2023-12-31
2.14 Shs BGI Equity Index/BI01 P 2022-01-01 2023-12-31
613.83 Shs BGI Equity Index/BI01 P 2022-01-01 2023-12-31
1.97 Shs BGI Equity Index/BI01 P 2022-01-01 2023-12-31
16618.772 Shs BGI Equity Index/BI01 P 2022-01-01 2023-12-31
1 Shs BGI Equity Index/BI01 - loss on disposition P 2022-01-01 2023-12-31
20545.694 Shs First Eagle Global P 2022-01-01 2023-12-31
3885.608 Shs First Eagle Global P 2022-01-01 2023-12-31
322.9523 Shs Ironwood Int'l P 2022-01-01 2023-12-31
92.617 Shs Lighthouse Global Long/Short Fund   2022-01-01 2023-12-31
34199.726 Shs Ninety One (Frmly Investec) Global Franchise Fund   2022-01-01 2023-12-31
66934.404 Shs Ninety One (Frmly Investec) Global Franchise Fund   2022-01-01 2023-12-31
15752.993 Shs Ninety One (Frmly Investec) Global Franchise Fund   2022-01-01 2023-12-31
21294.719 Shs RBC Emerging Markets Equity   2022-01-01 2023-12-31
8203.445 Shs RBC Emerging Markets Equity   2022-01-01 2023-12-31
9661.836 Shs T. Rowe Price Small Cap Value   2022-01-01 2023-12-31
11123.471 Shs Voya Secruitized Credit   2022-01-01 2023-12-31
44543.43 Shs Voya Secruitized Credit   2022-01-01 2023-12-31
Coller Int'l - Distribution in excess of basis P 2022-01-01 2023-12-31
Capital Gains Dividends P    
(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     610,460 -610,460
b 791,871     791,871
c 122,794     122,794
d 9,225     9,225
e 40,948     40,948
    4,797 -4,797
14,787     14,787
    3,096 -3,096
29,435     29,435
17,147     17,147
4,853     4,853
    2,394 -2,394
3,269     3,269
5,174     5,174
1,078     1,078
161     161
4,466     4,466
19,763     19,763
47,123     47,123
    10 -10
    633 -633
    12,366 -12,366
38,463     38,463
820     820
3,819     3,819
11,858   8,767 3,091
170,118   157,704 12,414
1,995,661   1,905,291 90,370
50     50
1,839   1,767 72
500,000   461,849 38,151
1,712   1,501 211
500,000   430,408 69,592
1,719   1,381 338
14,184,535   13,661,920 522,615
    975,994 -975,994
1,250,000   1,126,294 123,706
250,000   194,164 55,836
1,000,000   376,034 623,966
200,000   129,602 70,398
500,000   371,698 128,302
1,000,000   720,214 279,786
250,000   169,502 80,498
250,000   271,019 -21,019
100,000   99,672 328
500,000   602,899 -102,899
100,000   114,105 -14,105
400,000   456,930 -56,930
2,659     2,659
153,263     153,263
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       -610,460
b       791,871
c       122,794
d       9,225
e       40,948
      -4,797
      14,787
      -3,096
      29,435
      17,147
      4,853
      -2,394
      3,269
      5,174
      1,078
      161
      4,466
      19,763
      47,123
      -10
      -633
      -12,366
      38,463
      820
      3,819
      3,091
      12,414
      90,370
      50
      72
      38,151
      211
      69,592
      338
      522,615
      -975,994
      123,706
      55,836
      623,966
      70,398
      128,302
      279,786
      80,498
      -21,019
      328
      -102,899
      -14,105
      -56,930
      2,659
      153,263
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,606,139
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 32,135
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 32,135
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 32,135
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 64,648
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 69,648
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 37,513
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow37,513 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMD
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.blaufund.org
14
The books are in care ofright arrowJennifer L Bove CPA Telephone no.right arrow (410) 347-7205

Located atright arrowAFS One South Street Ste 2950BaltimoreMD ZIP+4right arrow21202
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Jeanne P Blaustein Trustee & President
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Susan M Blaustein Trustee & Vice President
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Alan Berlow Trustee & Vice President
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Peter E Bokor Trustee & Vice President
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Betsy Ringel Secretary
7.00 		47,724 9,504 0
One South Street Ste 2950
Baltimore,MD21202
Scott L Soffen Assistant Secretary
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Stephen J Bass Assistant Secretary
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Jennifer A Pratt Assistant Secretary
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Jennifer L Bove Treasurer
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Sandra L Glock Assistant Treasurer
0.00 		0 0 0
One South Street Ste 2950
Baltimore,MD21202
Tanya C Herbick Assistant Secretary
40.00 		166,008 40,560 0
One South Street Ste 2950
Baltimore,MD21202
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Mercer Investment Mgmt 88,575
99 High Street
Boston,MA02110
Atapco Financial Services Inc Acct, Tax & Invest. 82,200
One South Street Suite 2950
Baltimore,MD21202
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
57,137,181
b
Average of monthly cash balances.......................
1b
1,158,538
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
58,295,719
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
58,295,719
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
874,436
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
57,421,283
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,871,064
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,871,064
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
32,135
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
32,135
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,838,929
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,838,929
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,838,929
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,504,426
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,504,426
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,838,929
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...... 843,142
b From 2019...... 502,830
c From 2020...... 3,855,732
d From 2021...... 923,361
e From 2022...... 2,223,094
f Total of lines 3a through e ........ 8,348,159
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,504,426
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 2,838,929
e Remaining amount distributed out of corpus 1,665,497
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 10,013,656
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) ... 		843,142
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		9,170,514
10 Analysis of line 9:
a Excess from 2019.... 502,830
b Excess from 2020.... 3,855,732
c Excess from 2021.... 923,361
d Excess from 2022.... 2,223,094
e Excess from 2023.... 1,665,497
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Jeanne P Blaustein President CO Ms
BPG One South Street Ste 2900
Baltimore,MD212023334
(410) 347-7201
bThe form in which applications should be submitted and information and materials they should include:
Letter
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
This organization does not make gifts or grants to individuals.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

Accelerate Change

294 Washington Street Suite 500
Boston,MA02108 		N/A 501(c)(3) general support for voter engagement 250,000

Advocates for Children of New York Inc

151 West 30th Street 5th Floor
New York,NY100014024 		N/A 501(c)(3) support for the School Justice Project to provide advocacy and representation for youth facing court involvement, school suspension and/or emotional challenges 60,000

ALIGN The Alliance for a Greater New York

50 Broadway 29th Floor
New York,NY10004 		N/A 501(c)(3) general support for advocacy uniting labor, community and environmental organizations 60,000

American Civil Liberties Union Foundation

125 Broad Street 18th Floor
New York,NY100042400 		N/A 501(c)(3) support for the Immigrants Rights Project 75,000

Arizona Public Media

PO Box 210067
Tuscon,AZ85721 		N/A 501(c)(3) support for the Bridging Communities Capital Campaign 115,000

Asylee Women Enterprise

4500 Frankford Avenue
Baltimore,MD212065106 		N/A 501(c)(3) general support to provide asylum seekers with comprehensive, trauma informed, and culturally and linguistically appropriate case management and immigration legal services 50,000

Auburn Seminary

475 Riverside Drive Suite 1800
New York,NY101150002 		N/A 501(c)(3) general support for leadership development for faith-rooted justice leaders 50,000

Ayuda

1990 K Street NW Suite 500
Washington,DC20006 		N/A 501(c)(3) general support for legal services for low-income immigrants in the Maryland/DC/Virginia region, especially women and families 50,000

Bend the Arc A Jewish Partnership for Justice

330 Seventh Avenue 19th Floor
New York,NY100015010 		N/A 501(c)(3) support for the Jewish Social Justice Roundtable to promote collaboration and capacity building among organizations that advance social justice as a core expression of Jewish values 35,000

Bend the Arc A Jewish Partnership for Justice

330 Seventh Avenue 19th Floor
New York,NY100015010 		N/A 501(c)(3) general support to engage Jews in promoting opportunity and social justice for all Americans 50,000

The BrotherhoodSister Sol

140 Hamilton Place
New York,NY10031 		N/A 501(c)(3) general support 75,000

Capital Area Food Bank

4900 Puerto Rico Avenue NE
Washington,DC20017 		N/A 501(c)(3) general support 12,500

Capital Area Immigrants' Rights Coalition

1025 Connecticut Avenue NW Suite
701
Washington,DC20036 		N/A 501(c)(3) general support to provide legal assistance and advocacy for immigrants at risk for deportation in Maryland and the DC Region 80,000

Catholic Charities of Baltimore

320 Cathedral Street
Baltimore,MD212014421 		N/A 501(c)(3) support for the Immigration Legal Services program at the Esperanza Center 75,000

Chesapeake Climate Action Network

6930 Carroll Avenue Suite 720
Takoma Park,MD20912 		N/A 501(c)(3) general support for regional campaigns to promote clean energy 75,000

Climate XChange

One Beacon Street 15th Floor
Boston,MA02108 		N/A 501(c)(3) support for the organization's climate advocacy efforts in Maryland 60,000

Committee to Protect Journalists Inc

330 7th Avenue 11th Floor
New York,NY10001 		N/A 501(c)(3) general support 10,000

Community Service Society of New York

633 Third Avenue 10th Floor
New York,NY10017 		N/A 501(c)(3) general support 10,000

Comprehensive Youth Development

240 Second Avenue
New York,NY100032704 		N/A 501(c)(3) support for the Legal Information Clinic for immigrant and refugee students at the Manhattan Comprehensive Night & Day School and its high school network 35,000

Disability Rights Maryland

1500 Union Avenue Suite 2000
Baltimore,MD21211 		N/A 501(c)(3) support to expand legal services and advocacy to the disproportionate number of students with disabilities involved in the school discipline process 80,000

Environmental Advocates NY

353 Hamilton Street
Albany,NY12210 		N/A 501(c)(3) general support 60,000

Environmental Grantmakers Association

475 Riverside Drive Suite 960
New York,NY101150066 		N/A 501(c)(3) general support through membership 6,162

Florence Immigrant And Refugee Rights Project Inc

PO Box 86299
Tucson,AZ857546299 		N/A 501(c)(3) general support for free legal and social services for immigrant individuals and families in detention 75,000

The Fund for Investigative Journalism Inc

1100 13th Street NW Suite 800
Washington,DC20005 		N/A 501(c)(3) general support for the organization's efforts to sustain investigative journalism 60,000

The Fund for New Citizens at the New York Community Trust

909 Third Avenue 22nd Floor
New York,NY10022 		N/A 501(c)(3) support for the Fund for New Citizens, a funding collaborative providing grants to small, immigrant-led non-profits in New York City 75,000

Global Warming Mitigation Project

PO Box 7774
Aspen,CO816127774 		N/A 501(c)(3) general support 25,000

Global Warming Mitigation Project

PO Box 7774
Aspen,CO816127774 		N/A 501(c)(3) support for Constellations Fellowship, a program to foster the next generation of climate leaders 50,000

Grantmakers Concerned with Immigrants and Refugees

PO Box 2178
Petaluma,CA94953 		N/A 501(c)(3) general support through 2024 membership 2,500

Hopewell Fund

1828 L Street NW Suite 300-D
Washington,DC20036 		N/A 501(c)(3) general support for its project, the Movement Institute 50,000

Immigrant Justice Corps

17 Battery Place Suite 1234
New York,NY100041085 		N/A 501(c)(3) support to expand universal legal representation for immigrants in the Maryland/DC/Virginia region 75,000

Immigrant Justice Corps

17 Battery Place Suite 1234
New York,NY100041085 		N/A 501(c)(3) support for two consecutive cohorts of three Jane Blaustein Justice Fellows 285,000

Inside Climate News

26 Court Street 1617
Brooklyn,NY11242 		N/A 501(c)(3) support for an environmental justice reporter covering Baltimore and Maryland 75,000

Interfaith Power and Light

900 Massachusetts Avenue NW
Washington,DC20001 		N/A 501(c)(3) general support to advocate for climate change solutions through regional faith communities 40,000

International Refugee Assistance Project

One Battery Park Plaza 4th Floor
New York,NY10004 		N/A 501(c)(3) support for IRAPs efforts challenging policies threatening the rights of asylum seekers in the United States 50,000

J Street Education Fund Inc

PO Box 66073
Washington,DC20035 		N/A 501(c)(3) general support to build a movement in the US for pro-Israel, pro-peace foreign policy 35,000

Jews United for Justice

PO Box 41485
Washington,DC20018 		N/A 501(c)(3) general support for community organizing to fight against inequality in Maryland and DC 40,000

Kids in Need of Defense

1201 L Street NW Floor 2
Washington,DC20005 		N/A 501(c)(3) support for KIND's Baltimore office to provide legal representation for unaccompanied immigrant children in Maryland 75,000

LatinoJustice

475 Riverside Drive
New York,NY10115 		N/A 501(c)(3) support to provide technical assistance for Latino communities to better access historic federal funding opportunities in climate justice 75,000

Maryland Food Bank Inc

2200 Halethorpe Farms Road
Baltimore,MD212270000 		N/A 501(c)(3) general support 12,500

Maryland Philanthropy Network

1600 West 41st Street Suite 700
Baltimore,MD21211 		N/A 501(c)(3) general support through 2024 membership 5,730

Mount Sinai Hospital

One Gustave L Levy Place
New York,NY100296574 		N/A 501(c)(3) support for the Hertzberg Palliative Care Institute 20,000

National Center for Law and Economic Justice

50 Broadway Suite 1500
New York,NY10004 		N/A 501(c)(3) general support for policy advocacy and litigation to advance economic justice for low-income families, individuals and communities 60,000

Native American Rights Fund

1506 Broadway
Boulder,CO803026296 		N/A 501(c)(3) support for two consecutive two-year Jane Blaustein Law Fellows 111,500

NEO Philanthropy

45 West 36th Street
New York,NY10018 		N/A 501(c)(3) support for the Analyst Institute Civic Engagement Research & Dissemination Hub 200,000

New Israel Fund

PO Box 70358
Philadelphia,PA191760358 		N/A 501(c)(3) support to defend human rights and democratic institutions in Israel 75,000

New York Immigration Coalition

131 West 33rd Street Suite 610
New York,NY10001 		N/A 501(c)(3) general support to promote immigrants' civic participation, leadership and unified voice 75,000

Philanthropy New York

320 East 43rd Street
New York,NY10017 		N/A 501(c)(3) general support through 2024 membership 1,200

Razom

140 2nd Avenue Suite 305
New York,NY100038385 		N/A 501(c)(3) general support 12,500

The Reporters Committee for Freedom of the Press

1156 15th Street NW Suite 1020
Washington,DC200051754 		N/A 501(c)(3) general support to provide pro bono legal services to journalists 60,000

RIP Medical Debt

28-07 Jackson Avenue 5th Floor
Long Island City,NY111013459 		N/A 501(c)(3) general support 12,500

The Sentencing Project

1705 DeSales Street NW 8th Floor
Washington,DC20036 		N/A 501(c)(3) general support for the organization's work reforming criminal justice policies and practice 65,000

Silver Hill Hospital

208 Valley Road
New Canaan,CT06840 		N/A 501(c)(3) general support 10,000

Social Good Fund

PO Box 5473
Richmond,CA94805 		N/A 501(c)(3) support for Dayenu: A Jewish Call to Climate Action 25,000

Tides Foundation

PO Box 889389
Los Angeles,CA900889389 		N/A 501(c)(3) general support for a state-wide coalition of environmental, labor, and community groups that aims to achieve an environmentally sustainable and just New York State economy 75,000

The Trustees of the University of Pennsylvania

2929 Walnut Street Suite 300
Philadelphia,PA191046216 		N/A 501(c)(3) support for the Basser Center for BRCA at Penn Medicine's Abramson Cancer Center 10,000

Type Media Center

116 East 16th Street 8th Floor
New York,NY100032158 		N/A 501(c)(3) renewed support for Type Investigations to facilitate the development and publication of socially significant reporting with an emphasis on human and civil rights 50,000

West Harlem Environmental Action Inc

1854 Amsterdam Avenue 2nd Floor
New York,NY10031 		N/A 501(c)(3) general support 20,000

West Harlem Environmental Action Inc

1854 Amsterdam Avenue 2nd Floor
New York,NY10031 		N/A 501(c)(3) general support to build community power to fight environmental racism 75,000

Women In Need

One State Street Plaza 18th Floor
New York,NY10004 		N/A 501(c)(3) general support 20,000

Working America Education Fund

815 16th Street NW
Washington,DC20006 		N/A 501(c)(3) general support 400,000

WorkMoney Foundation

790 North Milwaukee Street Suite
300
Milwaukee,WI53202 		N/A 501(c)(3) general support for voter mobilization efforts 200,000
Total .................................right arrow 3a 4,057,092
bApproved for future payment

Arizona Public Media
PO Box 210067
Tuscon,AZ85721 		N/A 501(c)(3) support for the Bridging Communities Capital Campaign 460,000

Auburn Seminary
475 Riverside Drive Suite 1800
New York,NY101150002 		N/A 501(c)(3) general support for leadership development for faith-rooted justice leaders 50,000

Ayuda
1990 K Street NW Suite 500
Washington,DC20006 		N/A 501(c)(3) general support for legal services for low-income immigrants in the Maryland/DC/Virginia region, especially women and families 50,000

Bend the Arc A Jewish Partnership for Justice
330 Seventh Avenue 19th Floor
New York,NY100015010 		N/A 501(c)(3) general support to engage Jews in promoting opportunity and social justice for all Americans 50,000

Capital Area Immigrants' Rights Coalition
1025 Connecticut Avenue NW Suite
701
Washington,DC20036 		N/A 501(c)(3) general support to provide legal assistance and advocacy for immigrants at risk for deportation in Maryland and the DC Region 80,000

Chesapeake Climate Action Network
6930 Carroll Avenue Suite 720
Takoma Park,MD20912 		N/A 501(c)(3) general support for regional campaigns to promote clean energy 75,000

Climate XChange
One Beacon Street 15th Floor
Boston,MA02108 		N/A 501(c)(3) support for the organization's climate advocacy efforts in Maryland 60,000

Comprehensive Youth Development
240 Second Avenue
New York,NY100032704 		N/A 501(c)(3) support for the Legal Information Clinic for immigrant and refugee students at the Manhattan Comprehensive Night & Day School and its high school network 35,000

Environmental Advocates NY
353 Hamilton Street
Albany,NY12210 		N/A 501(c)(3) general support 60,000

Florence Immigrant And Refugee Rights Project Inc
PO Box 86299
Tucson,AZ857546299 		N/A 501(c)(3) general support for free legal and social services for immigrant individuals and families in detention 75,000

Interfaith Power and Light
900 Massachusetts Avenue NW
Washington,DC20001 		N/A 501(c)(3) general support to advocate for climate change solutions through regional faith communities 40,000

International Refugee Assistance Project
One Battery Park Plaza 4th Floor
New York,NY10004 		N/A 501(c)(3) support for IRAPs efforts challenging policies threatening the rights of asylum seekers in the United States 50,000

J Street Education Fund Inc
PO Box 66073
Washington,DC20035 		N/A 501(c)(3) general support to build a movement in the US for pro-Israel, pro-peace foreign policy 35,000

LatinoJustice
475 Riverside Drive
New York,NY10115 		N/A 501(c)(3) support to provide technical assistance for Latino communities to better access historic federal funding opportunities in climate justice 75,000

New York Immigration Coalition
131 West 33rd Street Suite 610
New York,NY10001 		N/A 501(c)(3) general support to promote immigrants' civic participation, leadership and unified voice 75,000

The Reporters Committee for Freedom of the Press
1156 15th Street NW Suite 1020
Washington,DC200051754 		N/A 501(c)(3) general support to provide pro bono legal services to journalists 60,000

The Sentencing Project
1705 DeSales Street NW 8th Floor
Washington,DC20036 		N/A 501(c)(3) general support for the organization's work reforming criminal justice policies and practice 65,000

Type Media Center
116 East 16th Street 8th Floor
New York,NY100032158 		N/A 501(c)(3) support for Type Investigations to facilitate the development and publication of socially significant reporting with an emphasis on human and civil rights 50,000

West Harlem Environmental Action Inc
1854 Amsterdam Avenue 2nd Floor
New York,NY10031 		N/A 501(c)(3) general support to build community power to fight environmental racism 75,000
Total ................................. right arrow 3b 1,520,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,098,650  
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 ............ 		    14 1,606,139  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aBook/Tax Differences - Non-Deductible Expenses 		      -721  
bThe Rise Fund II     18 -18,269  
cSpur Ventures VI     18 -27,326  
dSpur Ventures III     18 13,136  
eSJF Ventures V, LP     18 -16,589  
fSiguler Guff Distressed Opportunities Fd III     18 -1,140  
gPathway Private Equity Fund Investors, 11 - 9.15 900001 -359 18 -3,815  
hOaktree Opportunities Fund XB 900001 13,631 18 -36,564  
iOaktree Opportunities Fund X     18 -16,784  
jOaktree Real Estate Opportunities Fund V 900001 1,230 18 -3,776  
kNew Mountain VI 900001 -4,147 18 -16,161  
lLead Edge Capital VI 900001 203 18 -16,556  
mPathway Private Equity Fund Investors, 11 - PAL     18 -7  
nK5 Private Investors     18 -31,393  
oHigh Vista (Aberdeen) Private Equity IV LP 900001 3,892 18 -3,884  
pHigh Vista (Aberdeen) Private Equity III LP 900001 631 18 2,309  
qHigh Vista (Aberdeen) International Partners II LP     18 -3,409  
rHigh Vista (Aberdeen) International Partners LP     18 -1,341  
sEcosystem Investment Partners IV 900001 -4,240 18 -5,248  
tCommonfund Venture Partners VIII 900001 6 18 -1,922  
12 Subtotal. Add columns (b), (d), and (e) .. 15,958 2,481,355 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,497,313
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
The Morton K and Jane Blaustein
Foundation Inc
Employer identification number

52-1607300
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The Morton K and Jane Blaustein
Foundation Inc 		Employer identification number
52-1607300
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Lord Baltimore Capital Corp
 
6225 Smith Avenue Suite B-100
 
Baltimore, MD212093623

$ 125,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
The Morton K and Jane Blaustein
Foundation Inc 		Employer identification number

52-1607300
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The Morton K and Jane Blaustein
Foundation Inc 		Employer identification number

52-1607300
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
The Morton K and Jane Blaustein
 
Foundation Inc
EIN:
52-1607300
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Atapco Financial Services, Inc. 82,200 24,660   57,540

TY 2023 InvestmentsOtherSchedule2
Name:
The Morton K and Jane Blaustein
 
Foundation Inc
EIN:
52-1607300
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Artisan Partners Sustainable Emerging Markets AT COST 2,416,556 2,149,731
ASF VI AT COST 0 134,530
ASF VIII AT COST 467,196 727,837
AXA Secondary Fund AT COST 0 3,770
Boston Partners Int'l Eqty AT COST 1,463,855 1,573,857
Coller Int'l AT COST 0 241
Commonfund Int'l PEP VI AT COST 233,265 77,776
Commonfund PEP VII AT COST 57,276 103,324
Commonfund Venture VI AT COST 23,400 238
Commonfund Venture VIII AT COST 142,580 185,310
Ecosystem Investment Partners IV AT COST 236,518 282,987
First Eagle Global AT COST 2,808,038 4,260,600
Generation IM Sustainable Solutions IV AT COST 225,000 181,191
High Vista (Aberdeen) International Partners AT COST 101,671 94,457
High Vista (Aberdeen) Int'l Partners II AT COST 125,957 213,382
High Vista (Aberdeen) Private Equity III LP AT COST 59,144 80,479
High Vista (Aberdeen) Venture Partners VI AT COST 132,596 178,579
High Vista (Aberdeeng) Private Equity IV LP AT COST 152,498 176,078
Ironwood Int'l AT COST 537,809 1,435,292
Ironwood Int'l Class A4S4 AT COST 88,991 183,886
JP Morgan #7008 Equities AT COST 12,787,597 14,225,774
JP Morgan Riverbridge Equities AT COST 722,210 1,288,489
K5 Private Investors AT COST 420,891 580,194
Lazard GL Infrastructure AT COST 3,191,656 3,184,254
Lead Edge Capital VI AT COST 162,252 179,377
Lighthouse Global Long AT COST 970,398 1,508,286
MetWest Total Return AT COST 6,691,885 6,262,565
MFS Sers Tr X Int'l Growth I AT COST 413,384 814,010
New Mountain Partners VI AT COST 731,919 913,178
Ninety One Global Franchise AT COST 2,286,438 3,476,188
Oaktree Opp Fund X AT COST 475,853 496,001
Oaktree Opp Fund XB AT COST 1,057,314 1,136,422
Oaktree Real Estate Fd V AT COST 71,822 14,186
Pathway Private Equity Partners Investors 11 AT COST 54,965 68,681
RBC Fds Tr Emkt Eqty I AT COST 1,946,509 2,077,321
Siguler Guff Fund III AT COST 70,865 108,945
SJF Ventures V AT COST 242,199 247,000
Spur Ventures III AT COST 424,430 1,317,740
Spur Ventures VI AT COST 717,884 976,792
The Rise Fund II AT COST 836,963 1,157,001
TRP Small Cap Value (Frmly JHII Small Cap Value) AT COST 2,486,558 2,117,138
Vanguard Inflation Protected AT COST 1,541,337 1,406,736
Voya Securitized Credit AT COST 1,610,064 1,448,724

TY 2023 OtherAssetsSchedule
Name:
The Morton K and Jane Blaustein
 
Foundation Inc
EIN:
52-1607300
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Dividend receivable 6,622 7,451 7,451
The Rise Fund II - Prefunding 40,942 6,111 6,111


TY 2023 OtherDecreasesSchedule
Name:
The Morton K and Jane Blaustein
 
Foundation Inc
EIN:
52-1607300
Description Amount
Book/Tax Difference - Pathway 11 1,354


TY 2023 OtherExpensesSchedule
Name:
The Morton K and Jane Blaustein
 
Foundation Inc
EIN:
52-1607300
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Equipment & Equipment Maintenance 2,841 0   2,841
Supplies 162 0   162
Telephone 1,127 0   1,127
Bank Fee 14 0   14
Software 4,719 0   4,719
Postage 256 0   256
Website 597 0   597
Dues & Subscriptions 315 0   315
Miscellaneous 20 0   20


TY 2023 OtherIncomeSchedule2
Name:
The Morton K and Jane Blaustein
 
Foundation Inc
EIN:
52-1607300
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Book/Tax Differences - Non-Deductible Expenses -721   -721
The Rise Fund II -18,269 -18,269 -18,269
Spur Ventures VI -27,326 -27,326 -27,326
Spur Ventures III 13,136 13,136 13,136
SJF Ventures V, LP -16,589 -16,589 -16,589
Siguler Guff Distressed Opportunities Fd III -1,140 -1,140 -1,140
Pathway Private Equity Fund Investors, 11 - 9.15 -4,174 -3,815 -4,174
Oaktree Opportunities Fund XB -22,933 -36,564 -22,933
Oaktree Opportunities Fund X -16,784 -16,784 -16,784
Oaktree Real Estate Opportunities Fund V -2,546 -3,776 -2,546
New Mountain VI -20,308 -16,161 -20,308
Lead Edge Capital VI -16,353 -16,556 -16,353
Pathway Private Equity Fund Investors, 11 - PAL -7 -7 -7
K5 Private Investors -31,393 -31,393 -31,393
High Vista (Aberdeen) Private Equity IV LP 8 -3,884 8
High Vista (Aberdeen) Private Equity III LP 2,940 2,309 2,940
High Vista (Aberdeen) International Partners II LP -3,409 -3,409 -3,409
High Vista (Aberdeen) International Partners LP -1,341 -1,341 -1,341
Ecosystem Investment Partners IV -9,488 -5,248 -9,488
Commonfund Venture Partners VIII -1,916 -1,922 -1,916
Commonfund Venture Partners VI -503 -778 -503
Commonfund Private Equity Partners VII 2,996 -1,838 2,996
Commonfund International Partners VI -727 -729 -727
Boston Partners International Equity -8,625 -8,625 -8,625
BGI Equity Index 7,131 7,131 7,131
High Vista (Aberdeen) Venture Partners VI LP -604 -604 -604
Artisan Sustainable Emerging Markets Fund -28,531 -28,531 -28,531


TY 2023 OtherProfessionalFeesSchedule
Name:
The Morton K and Jane Blaustein
 
Foundation Inc
EIN:
52-1607300
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Mercer Advisory 88,575 88,575   0
JP Morgan RiverBridge 9,317 9,317   0
JP Morgan #7008 413 413   0
BGI Equity 8,593 8,593   0
Executive Search - Consulting Fee 11,503 0   11,503
Other Investment Fees 4,239 4,239   0


TY 2023 TaxesSchedule
Name:
The Morton K and Jane Blaustein
 
Foundation Inc
EIN:
52-1607300
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Tax 33,396 33,396   0
Federal & State Tax Withholding 1,029 1,029   0
Excise Tax 35,000 0   0