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
GERALD AND OLIVIA SHAPIRO FAMILY
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)7131 QUEENFERRY CIR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BOCA RATON, FL334965951

A Employer identification number

27-1521392

B Telephone number (see instructions)

(561) 998-6835

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

$6,687,692J 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
4	Dividends and interest from securities...	225,980		225,980
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-147,114
b	Gross sales price for all assets on line 6a 2,244,250
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	34,624	0
12	Total. Add lines 1 through 11........	113,490		225,980
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	2,550	2,550	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	55,069	55,069	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	57,619		57,619	0
25	Contributions, gifts, grants paid.......	243,900			243,900
26	Total expenses and disbursements. Add lines 24 and 25	301,519		57,619	243,900
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-188,029
b	Net investment income (if negative, enter -0-)			168,361
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.............
	2	Savings and temporary cash investments.........	177,809	362,020	362,020
	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)	438,388	List of Attached Documents: // Content 612,093	611,636
	b	Investments—corporate stock (attach schedule).......	4,090,298	List of Attached Documents: // Content 3,571,105	4,849,651
	c	Investments—corporate bonds (attach schedule).......	977,641	List of Attached Documents: // Content 945,249	864,385
	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 )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,684,136	5,490,467	6,687,692
	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........	5,684,136	5,490,467
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	5,684,136	5,490,467
	30	Total liabilities and net assets/fund balances (see instructions).	5,684,136	5,490,467

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

5,684,136

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

-188,029

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

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

5,496,107

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

5,640

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

5,490,467

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	PUBLICLY TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,108,846	2,391,364	-282,518
b	135,404		135,404
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-282,518
b			135,404
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-147,114
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	2,340
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	2,340
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	2,340
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	3,368
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	6,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	9,368
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	7,028
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax7,028	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

N/A

The books are in care of right arrow

GERALD SHAPIRO Telephone no. right arrow

(561) 998-6835

Located at right arrow

7131 QUEENFERRY CIRBOCA RATONFL ZIP+4 right arrow

334965951

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
GERALD SHAPIRO	TRUSTEE 5.00	0	0	0
7131 QUEENFERRY CIR BOCA RATON,FL33496	TRUSTEE 5.00	0	0	0
OLIVIA SHAPIRO	TRUSTEE 5.00	0	0	0
7131 QUEENFERRY CIR BOCA RATON,FL33496	TRUSTEE 5.00	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
NONE

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


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

5,875,953

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

402,176

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

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

6,278,129

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

6,278,129

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

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

94,172

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

6,183,957

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

309,198

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

309,198

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

2,340

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

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

2,340

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

306,858

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

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

306,858

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

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

306,858

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 ..........

243,900

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. .......

243,900

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				306,858
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			108,230
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 243,900
a Applied to 2022, but not more than line 2a			108,230
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.....				135,670
e Remaining amount distributed out of corpus	0
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	0
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 ..........				171,188
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 ......	0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 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 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).)

GERALD SHAPIRO

OLIVIA SHAPIRO

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
AMERICAN FRIENDS OF MAGEN DAVID ADOM 3175 COMMERCIAL AVE 101 NORTHBROOK,IL60062	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	115,000
BIRTHRIGHT ISRAEL FOUNDATION 711 3RD AVE 10TH FLOOR NEW YORK,NY10017	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	5,000
BOCA RATON REGIONAL HOSPITAL 800 MEADOWS ROAD BOCA RATON,FL33486	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	25,000
DEPAUL UNIVERSITY 2400 NORTH SHEFFIELD AVE CHICAGO,IL60614	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	15,000
CARRINGTON CHARITABLE FOUNDATION 25 ENTERPRISE ALISO VIEJO,CA92656	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	15,000
JARC FLORIDA FOUNDATION INC 21160 95TH AVE SOUTH BOCA RATON,FL33428	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	2,500
JEWISH ADOPTION AND FOSTER CARE 230 W MONROE ST 1100 CHICAGO,IL60606	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	3,600
JEWISH FEDERATION OF SOUTH PALM BEACH COUNTY 9901 DONNA KLEIN BLVD BOCA RATON,FL33428	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	20,000
JEWISH UNITED FUND 30 S WELLS STREET CHICAGO,IL60606	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	21,000
LAMBS FARM 14245 W ROCKLAND ROAD LIBERTYVILLE,IL60048	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	2,500
NORTHWESTERN UNIVERSITY 633 CLARK STREET EVANSTON,IL60208	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	15,000
NORTON MUSEUM OF ART INC 222 W MERCHANDISE MART PLAZA SUITE 14-119 CHICAGO,IL60654	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	300
RUTH AND NORMAN RALES JEWISH FAMILY SERVICES 21300 RUTH AND BARON COLEMAN BLVD BOCA RATON,FL33428	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	500
SPECIAL GIFTS THEATRE INC PO BOX 2231 NORTHBROOK,IL60065	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	2,500
ST ANDREWS SCHOOL OF BOCA 3900 JOG ROAD BOCA RATON,FL33434	NONE	PC	SUPPORT PROGRAMS AND OPERATIONS	1,000
Total ................................. 3a				243,900

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 ...........
4 Dividends and interest from securities ....			14	225,980
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	-147,114
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			01	34,624
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		113,490	0

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

113,490

(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 InvestmentsCorpBondsSchedule

Name:

GERALD AND OLIVIA SHAPIRO FAMILY

FOUNDATION

EIN:

27-1521392

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ALLY FINANCIAL INC DTD 06/09/22 4.750 06/09/2027 - 20000 PAR VALUE	18,852	19,299
AMAZON.COM INC DTD 04/13/22 3.600 04/13/2032 - 20000 PAR VALUE	19,638	19,051
ANTHEM INC DTD 11/21/17 3.650 12/01/2027 - 20000 PAR VALUE	22,849	19,400
APPLE INC DTD 05/10/23 4.300 05/10/2033 - 25000 PAR VALUE	24,189	25,388
AT&T INC DTD 02/15/19 3.800 02/15/2027 - 20000 PAR VALUE	20,127	19,519
BANK OF AMERICA CORP MED TERM NOTE DTD 10/21/16 3.248 10/21/2027 - 25000 PAR	27,106	23,786
BECTON DICKINSON AND CO DTD 12/15/14 3.734 12/15/2024 - 18000 PAR VALUE	19,592	17,717
BLACKROCK INC DTD 05/25/23 4.750 05/25/2033 - 25000 PAR VALUE	24,474	25,221
BOEING CO DTD 02/04/21 2.196 02/04/2026 - 22000 PAR VALUE	22,198	20,788
CAPITAL ONE FINANCIAL CO DTD 03/09/17 3.750 03/09/2027 - 20000 PAR VALUE	22,340	19,096
CHARLES SCHWAB CORP DTD 12/11/20 0.900 03/11/2026 - 22000 PAR VALUE	21,848	20,168
CHEVRON CORP DTD 05/11/20 1.554 05/11/2025 - 20000 PAR VALUE	20,757	19,177
CIGNA CORP DTD 03/03/21 1.250 03/15/2026 - 18000 PAR VALUE	18,019	16,680
CITIGROUP INC DTD 07/25/16 4.125 07/25/2028 - 25000 PAR VALUE	27,171	24,007
COMCAST CORP DTD 10/05/18 4.150 10/15/2028 - 20000 PAR VALUE	24,243	19,721
CVS HEALTH CORP DTD 08/21/20 1.300 08/21/2027 - 20000 PAR VALUE	20,124	17,763
DIGITAL REALTY TRUST LP DTD 08/07/17 3.700 08/15/2027 - 20000 PAR VALUE	22,969	19,287
DOLLAR GENERAL CORP DTD 06/07/23 5.450 07/05/2033 - 20000 PAR VALUE	19,777	20,356
EQUINIX INC DTD 10/07/20 1.550 03/15/2028 - 20000 PAR VALUE	20,111	17,544
GLAXOSMITHKLINE CAP INC DTD 05/15/18 3.875 05/15/2028 - 20000 PAR VALUE	22,896	19,718
GOLDMAN SACHS GROUP INC DTD 05/22/15 3.750 05/22/2025 - 20000 PAR VALUE	22,230	19,588
HOME DEPOT INC DTD 02/12/16 3.000 04/01/2026 - 20000 PAR VALUE	22,512	19,380
INTEL CORP DTD 08/05/22 4.150 08/05/2032 - 20000 PAR VALUE	18,760	19,544
JPMORGAN CHASE & CO DTD 07/21/16 2.950 10/01/2026 - 25000 PAR VALUE	27,515	23,814
KINDER MORGAN INC DTD 03/01/18 4.300 03/01/2028 - 18000 PAR VALUE	20,513	17,748
MARRIOTT INTERNATIONAL DTD 06/10/16 3.125 06/15/2026 - 18000 PAR VALUE	19,164	17,295
META PLATFORMS INC DTD 05/03/23 4.600 05/15/2028 - 20000 PAR VALUE	19,675	20,292
MORGAN STANLEY DTD 07/20/21 07/21/2032 - 30000 PAR VALUE	26,729	24,487
NOVARTIS CAPITAL CORP DTD 11/20/15 3.000 11/20/2025 - 18000 PAR VALUE	19,557	17,503
O'REILLY AUTOMOTIVE INC DTD 06/15/22 4.700 06/15/2032 - 20000 PAR VALUE	19,414	19,784
OMNICOM GROUP INC DTD 04/06/16 3.600 04/15/2026 - 18000 PAR VALUE	19,883	17,541
PNC FINANCIAL SERVICES DTD 01/22/20 2.550 01/22/2030 - 25000 PAR VALUE	27,205	21,869
PPG INDUSTRIES INC DTD 03/04/21 1.200 03/15/2026 - 20000 PAR VALUE	19,944	18,486
ROYAL BANK OF CANADA DTD 07/28/22 4.240 08/03/2027 - 20000 PAR VALUE	19,345	19,768
SIMON PROPERTY GROUP LP DTD 06/01/17 3.375 06/15/2027 - 18000 PAR VALUE	19,621	17,245
STATE STREET CORP DTD 08/18/15 3.550 08/18/2025 - 18000 PAR VALUE	19,947	17,660
SUNTRUST BANKS INC DTD 04/26/18 4.000 05/01/2025 - 20000 PAR VALUE	22,797	19,652
THERMO FISHER SCIENTIFIC DTD 10/08/19 2.600 10/01/2029 - 18000 PAR VALUE	18,840	16,394
TORONTO-DOMINION BANK DTD 06/08/22 4.456 06/08/2032 - 25000 PAR VALUE	24,244	24,291
VERIZON COMMUNICATIONS DTD 03/22/21 2.550 03/21/2031 - 17000 PAR VALUE	16,122	14,658
WALT DISNEY COMPANY/THE DTD 09/06/19 2.000 09/01/2029 - 25000 PAR VALUE	25,312	22,182
WESTPAC BANKING CORP DTD 01/25/18 3.400 01/25/2028 - 25000 PAR VALUE	28,567	23,851
ISHARES IBOXX $ INVESTMENT - 250 SHARES	28,073	27,667

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

GERALD AND OLIVIA SHAPIRO FAMILY

FOUNDATION

EIN:

27-1521392

Name of Stock	End of Year Book Value	End of Year Fair Market Value
BOOKING HOLDINGS INC - 15 SHARES	21,123	53,208
HOME DEPOT INC - 113 SHARES	35,675	39,160
MCDONALDS CORP - 139 SHARES	40,230	41,215
NIKE INC CL B - 222 SHARES	36,691	24,103
STARBUCKS CORP COM - 352 SHARES	35,137	33,796
TARGET CORP - 161 SHARES	39,438	22,930
MONDELEZ INTERNATIONAL INC - 480 SHARES	29,858	34,766
BLACKROCK INC - 52 SHARES	46,969	42,214
BLACKSTONE INC - 436 SHARES	49,422	57,081
CITIGROUP INC. - 862 SHARES	61,833	44,341
JPMORGAN CHASE & CO - 438 SHARES	69,980	74,504
REGIONS FINL CORP NEW COM - 1567 SHARES	31,249	30,368
ABBVIE INC - 254 SHARES	27,533	39,362
ELI LILLY & CO COM - 112 SHARES	18,336	65,287
MERCK & CO INC NEW - 484 SHARES	38,626	52,766
THERMO FISHER SCIENTIFIC INC - 54 SHARES	30,164	28,663
UNITEDHEALTH GROUP INC - 141 SHARES	58,471	74,232
BOEING CO - 200 SHARES	36,966	52,132
RTX CORP - 466 SHARES	39,549	39,209
UNION PACIFIC CORP - 143 SHARES	31,706	35,124
UNITED PARCEL SERVICE-CL B - 207 SHARES	41,290	32,547
WASTE MANAGEMENT INC - 207 SHARES	32,961	37,074
ADOBE INC - 58 SHARES	27,896	34,603
ADVANCED MICRO DEVICES INC - 284 SHARES	26,450	41,864
ALPHABET INC CL C - 1020000 SHARES	36,401	143,749
APPLE INC - 1051000 SHARES	19,517	202,349
BROADCOM INC - 85 SHARES	20,525	94,881
CISCO SYSTEMS INC - 746 SHARES	43,932	37,688
COGNIZANT TECH SOLUTIONS CRP COM - 362 SHARES	26,634	27,342
ELECTRONIC ARTS INC - 250 SHARES	36,346	34,203
LAM RESEARCH CORP COM - 69 SHARES	39,098	54,045
META PLATFORMS INC - 220 SHARES	30,411	77,871
MICROSOFT CORP - 567 SHARES	40,267	213,215
VISA INC-CLASS A SHRS - 203 SHARES	20,527	52,851
CELANESE CORP - 336 SHARES	47,470	52,204
DIAGEO PLC - ADR - 192 SHARES	37,569	27,967
EATON CORP PLC - 257 SHARES	42,123	61,891
GARMIN LTD - 299 SHARES	46,083	38,433
MANULIFE FINANCIAL CORP - 2180 SHARES	42,510	48,178
SUNCOR ENERGY INC NEW F - 1642 SHARES	37,655	52,610
TE CONNECTIVITY LTD - 241 SHARES	37,344	33,861
TORONTO DOMINION BK ONT COM NEW - 607 SHARES	39,928	39,224
TOTALENERGIES SE - 966 SHARES	50,559	65,089
UNILEVER PLC - ADR - 397 SHARES	22,153	19,247
ISHARES CORE S&P SMALL-CAP ETF - 1850 SHARES	182,413	200,263
ISHARES RUSSELL MID-CAP GROWTH - 4588 SHARES	387,227	479,262
VANGUARD DIVIDEND APPRECIATION - 3716 SHARES	300,967	633,206
VANGUARD MID-CAP VALUE INDEX FUND - 3111 SHARES	417,608	451,126
ISHARES CORE MSCI EAFE ETF - 4265 SHARES	285,087	300,043
VANGUARD FTSE EMERGING MARKETS ETF - 7360 SHARES	292,940	302,496
INVESCO OPTIMUM YIELD DIVERSIF - 5700 SHARES	80,258	75,808

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

GERALD AND OLIVIA SHAPIRO FAMILY

FOUNDATION

EIN:

27-1521392

US Government Securities - End of Year Book Value:

612,093

US Government Securities - End of Year Fair Market Value:

611,636

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

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

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

GERALD AND OLIVIA SHAPIRO FAMILY

FOUNDATION

EIN:

27-1521392

Description	Amount
INVESCO DB US DOLLAR INDEX BULLISH FUND K-1	5,216
BASIS ADJUSTMENTS	424

- TIN:

TY 2023 OtherExpensesSchedule

Name:

GERALD AND OLIVIA SHAPIRO FAMILY

FOUNDATION

EIN:

27-1521392

Description	Revenue and Expenses per Books	Net Investment Income
BANK FEES	49,784	49,784
MISCELLANEOUS FEES	43	43
ADVISORY FEES	4,075	4,075
INVESCO DB US DOLLAR INDEX BULLISH FUND - INVESTMENT INTEREST EXPENSE	19	19
INVESCO DB US DOLLAR INDEX BULLISH FUND - PORTFOLIO DEDUCTIONS	993	993
INVESCO DB US DOLLAR INDEX BULLISH FUND - LOSS ON 1256 CONTRACTS	155	155

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

GERALD AND OLIVIA SHAPIRO FAMILY

FOUNDATION

EIN:

27-1521392

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FEDERAL TAX REFUND	34,624		34,624

- TIN:

TY 2023 TaxesSchedule

Name:

GERALD AND OLIVIA SHAPIRO FAMILY

FOUNDATION

EIN:

27-1521392

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	2,550	2,550		0