TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
THE BERNER CHARITABLE AND SCHOLARSHIP
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 711
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LA GRANGE, IL60525

A Employer identification number

36-3923844

B Telephone number (see instructions)

(312) 782-5885

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

$9,094,692J Accounting method: Cash Accrual
Other (specify)MODIFIED CASH BASI
(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	10		10
4	Dividends and interest from securities...	147,968		147,968
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		105,489
b	Gross sales price for all assets on line 6a 812,550
7	Capital gain net income (from Part IV, line 2)...			105,489
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	253,467		253,467
13	Compensation of officers, directors, trustees, etc.	125,000		100,000	25,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	7,052	5,642	1,410
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	32,483	25,986	6,497
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	132	117	15
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	30,820		24,656	6,164
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	51,835	51,615	220
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	247,322		208,016	39,306
25	Contributions, gifts, grants paid.......	321,193			321,193
26	Total expenses and disbursements. Add lines 24 and 25	568,515		208,016	360,499
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-315,048
b	Net investment income (if negative, enter -0-)			45,451
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.........	1,446,682	902,740	902,740
	3	Accounts receivable 2,559,176
		Less: allowance for doubtful accounts	2,789,034	2,559,176	2,559,176
	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)	0	List of Attached Documents: // Content 58,371	59,277
	b	Investments—corporate stock (attach schedule).......	2,555,255	List of Attached Documents: // Content 2,806,590	5,099,809
	c	Investments—corporate bonds (attach schedule).......	317,532	List of Attached Documents: // Content 309,410	300,100
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	0	List of Attached Documents: // Content 146,558	146,558
	14	Land, buildings, and equipment: basis 5,880
		Less: accumulated depreciation (attach schedule) 5,880
	15	Other assets (describe )	List of Attached Documents: // Content 25,821	List of Attached Documents: // Content 27,032	List of Attached Documents: // Content 27,032
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,134,324	6,809,877	9,094,692
	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 )	List of Attached Documents: // Content 15	List of Attached Documents: // Content 692
	23	Total liabilities (add lines 17 through 22).........	15	692
		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........	7,134,309	6,809,185
	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).....	7,134,309	6,809,185
	30	Total liabilities and net assets/fund balances (see instructions).	7,134,324	6,809,877

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

7,134,309

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

-315,048

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

List of Attached Documents:

// Content

3,460

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

6,822,721

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

13,536

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

6,809,185

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	2958 SH WISDOMTREE TRUST FLTG RATE TREASURY FUND	P	2023-04-12	2023-12-11
b	2000 SH AFLAC INC	P	2008-10-31	2023-09-08
c	2000 SH AMERICAN EAGLE OUTFITTERS INC	P	2022-01-13	2023-08-15
d	33 SH AUDACITY INC. COM CLASS A	P	2018-11-20	2023-07-21
e	100 SH AUDACITY INC. COM CLASS A	P	2018-06-06	2023-07-21
	250 SH GENERAL ELECTRIC COMPANY COM NEW	P	2018-07-02	2023-01-12
	250 SH GENERAL ELECTRIC COMPANY COM NEW	P	2017-07-11	2023-01-12
	125 SH GENERAL ELECTRIC COMPANY COM NEW	P	2017-06-28	2023-01-12
	125 SH GENERAL ELECTRIC COMPANY COM NEW	P	2017-05-23	2023-01-12
	24 SH DISNEY WALT CO	P	2022-04-26	2023-03-01
	95 SH HASBRO INC	P	2023-08-14	2023-11-15
	50 SH INTERCONTINENTAL EXCHANGE INC	P	2022-08-23	2023-01-18
	37 SH SPDR S&P 500 ETF	P	2023-11-15	2023-12-18
	167 SH ALPHABET INC	P	2014-10-21	2023-02-09
	23 SH AON PLC CL A	P	2020-12-03	2023-03-01
	$20,000 APPLE INC FIXED RATE, 2.400%	P	2015-06-25	2023-05-03
	17 SH APPLE INC	P	2014-01-28	2023-03-17
	60 SH APPLE INC	P	2014-01-28	2023-05-15
	12 SH APPLE INC	P	2014-01-28	2023-06-27
	35 SH APPLE INC	P	2014-01-28	2023-10-13
	10 SH ARISTA NETWORKS INC	P	2020-09-23	2023-03-24
	50 SH ARISTA NETWORK INC	P	2020-09-08	2023-03-24
	39 SH AUTODESK INC	P	2022-07-18	2023-12-12
	40 SH AUTODESK INC	P	2021-09-03	2023-02-14
	100 SH AUTODESK INC	P	2020-04-06	2023-12-12
	1 SH BLACKSTONE GROUP, INC.	P	2020-12-02	2023-07-28
	43 SH BLACKSTONE GROUP, INC.	P	2020-11-13	2023-07-28
	15 SH BLACKSTONE GROUP, INC.	P	2020-08-03	2023-07-28
	65 SH BLACKSTONE GROUP, INC.	P	2020-08-03	2023-09-14
	168 SH BLACKSTONE GORUP, INC.	P	2017-11-01	2023-09-14
	113 SH CARMAX INC	P	2022-06-03	2023-06-27
	$15,000 CBS CORP, FIXED RATE 4.000%	P	2019-09-06	2023-01-10
	38 SH DISNEY WALT CO	P	2022-07-22	2023-09-19
	22 SH DISNEY WALT CO	P	2022-04-26	2023-08-24
	65 SH DISNEY WALT CO	P	2020-02-25	2023-03-01
	79 SH DISNEY WALT CO	P	2020-03-06	2023-08-24
	21 SH DISNEY WALT CO	P	2020-03-06	2023-09-19
	100 SH DISNEY WALT CO	P	2018-03-29	2023-09-19
	70 SH EXPEDIA GROUP INC	P	2020-03-18	2023-06-27
	125 SH EXPEDIA GROUP INC	P	2020-03-18	2023-07-28
	254 SH GENERAL MOTORS	P	2014-07-29	2023-10-13
	178 SH GILDAN ACTIVEWEAR INC	P	2020-02-27	2023-12-12
	300 SH GILDAN ACTIVEWEAR INC	P	2019-10-18	2023-12-12
	110 SH GILDAN ACTIVEWEAR INC	P	2019-08-22	2023-12-12
	GNMA PASS THROUGH POOL, 8.50% - RETURN OF CAPITAL	P	1997-01-10	2023-12-01
	165 SH GODADDY INC	P	2020-03-06	2023-05-01
	190 SH GODADDY INC	P	2019-09-13	2023-05-01
	165 HASBRO	P	2020-02-27	2023-11-15
	157 HAYWARD HOLDINGS INC	P	2022-03-30	2023-11-15
	237 HAYWARD HOLDINGS INC	P	2022-02-11	2023-11-15
	58 SH JPMORGAN CHASE & CO	P	2022-08-03	2023-10-05
	127 SH LAS VEGAS SANDS CORP	P	2021-08-04	2023-01-23
	42 SH MOTOROLA SOLUTIONS INC	P	2020-03-26	2023-04-28
	108 SH PHILIP MORRIS INTL INC	P	2019-04-16	2023-01-18
	129 SH QUANTA SVCS INC.	P	2015-10-19	2023-02-14
	45 SH SALESFORCE.COM	P	2021-04-09	2023-02-14
	33 SH SALESFORCE.COM	P	2021-02-01	2023-02-14
	60 SH SPLUNK INC	P	2021-04-29	2023-09-29
	43 SH SPOTIFY TECH	P	2022-02-03	2023-08-23
	14 SH SS&C TECHNOLOGIES HOLDINGS INC	P	2020-03-11	2023-01-18
	305 SH SS&C TECHNOLOGIES HOLDINGS INC	P	2019-08-14	2023-01-18
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	148,935	148,876	59
b	149,360	43,178	106,182
c	31,682	48,418	-16,736
d	36	6,100	-6,064
e	106	21,000	-20,894
	19,402	27,406	-8,004
	19,402	42,348	-22,946
	9,701	21,962	-12,261
	9,701	22,708	-13,007
	2,362	2,795	-433
	4,367	6,210	-1,843
	5,388	5,315	73
	17,458	16,668	790
	15,921	4,383	11,538
	6,926	4,837	2,089
	20,000	19,238	762
	2,638	309	2,329
	10,320	1,091	9,229
	2,254	218	2,036
	6,262	637	5,625
	1,682	498	1,184
	8,410	2,604	5,806
	8,900	6,975	1,925
	9,065	11,521	-2,456
	22,820	14,754	8,066
	105	58	47
	4,503	2,242	2,261
	1,571	738	833
	7,357	3,200	4,157
	19,014	4,522	14,492
	9,256	10,832	-1,576
	14,499	15,554	-1,055
	3,123	3,938	-815
	1,831	2,562	-731
	6,397	8,368	-1,971
	6,575	8,997	-2,422
	1,726	2,391	-665
	8,218	9,961	-1,743
	7,563	3,237	4,326
	15,014	5,781	9,233
	7,535	8,833	-1,298
	5,949	4,416	1,533
	10,026	8,006	2,020
	3,676	4,008	-332
	54	54	0
	12,532	10,650	1,882
	14,431	12,571	1,860
	7,585	13,438	-5,853
	1,841	2,725	-884
	2,779	4,196	-1,417
	8,279	6,550	1,729
	6,930	5,010	1,920
	12,207	6,169	6,038
	10,695	9,296	1,399
	19,908	2,469	17,439
	7,609	9,971	-2,362
	5,580	7,504	-1,924
	8,795	7,661	1,134
	6,810	6,906	-96
	786	676	110
	17,125	13,522	3,603
	1,568		1,568

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			59
b			106,182
c			-16,736
d			-6,064
e			-20,894
			-8,004
			-22,946
			-12,261
			-13,007
			-433
			-1,843
			73
			790
			11,538
			2,089
			762
			2,329
			9,229
			2,036
			5,625
			1,184
			5,806
			1,925
			-2,456
			8,066
			47
			2,261
			833
			4,157
			14,492
			-1,576
			-1,055
			-815
			-731
			-1,971
			-2,422
			-665
			-1,743
			4,326
			9,233
			-1,298
			1,533
			2,020
			-332
			0
			1,882
			1,860
			-5,853
			-884
			-1,417
			1,729
			1,920
			6,038
			1,399
			17,439
			-2,362
			-1,924
			1,134
			-96
			110
			3,603
			1,568

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	105,489
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	632
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	632
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	632
6	Credits/Payments:

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

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	37
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	669
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ 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

LINDA M NEYLON Telephone no. right arrow

(312) 782-5885

Located at right arrow

PO BOX 711LA GRANGEIL ZIP+4 right arrow

60525

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)

Yes

(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)

Yes

(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-)
RUBEN R VERNOF	TRUSTEE 2.00	65,000
PO BOX 711 LA GRANGE,IL60525	TRUSTEE 2.00	65,000
LINDA M NEYLON	TRUSTEE 10.00	60,000
PO BOX 711 LA GRANGE,IL60525	TRUSTEE 10.00	60,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				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...................

5,077,047

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

1,079,428

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

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

6,156,475

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

6,156,475

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

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

92,347

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

6,064,128

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

303,206

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

303,206

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

632

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

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

632

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

302,574

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

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

302,574

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

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

302,574

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 ..........

360,499

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. .......

360,499

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				302,574
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			68,121
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: $ 360,499
a Applied to 2022, but not more than line 2a			68,121
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.....				292,378
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 ..........				10,196
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).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

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

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

LINDA M NEYLON
PO BOX 711
LA GRANGE,IL60525
(312) 782-5885
BERNERCS@AOL.COM

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

LINDA M. NEYLON, CO-TRUSTEE. SEE GENERAL EXPLANATION ATTACHED.

cAny submission deadlines:

NONE. SEE GENERAL EXPLANATION ATTACHED FOR DETAILS.

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

NONE. SEE GENERAL EXPLANATION ATTACHED FOR DETAILS.

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 CANCER SOCIETY 3380 CHASTAIN MEADOWS PKWY NW SUITE 200 KENNESAW,GA30144	NONE	PUBLIC CHARITY	CANCER RESEARCH, ADVOCACY, AND PATIENT SUPPORT	50,000
AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVE DALLAS,TX75231	NONE	PUBLIC CHARITY	CARDIOVASCULAR HEALTH RESEARCH	50,000
BENTLEY MIKHAYLA AUBURN UNIVERSITY AUBURN,AL36849	NONE	N/A	SCHOLARSHIP AWARD	5,000
CARTWRIGHT CAROLINE UNIVERSITY OF WEST GEORGIA CARROLLTON,GA30118	NONE	N/A	SCHOLARSHIP AWARD	5,000
CASEY AMY BIRMINGHAM SOUTHERN COLLEGE BIRMINGHAM,AL35254	NONE	N/A	SCHOLARSHIP AWARD	2,500
CASEY JACOB BIRMINGHAM SOUTHERN COLLEGE BIRMINGHAM,AL35254	NONE	N/A	SCHOLARSHIP AWARD	2,500
CHICAGO LIGHTHOUSE FOR THE BLIND 1850 W ROOSEVELT ROAD CHICAGO,IL606089927	NONE	PUBLIC CHARITY	SERVICES TO BLIND AND VISUALLY IMPAIRED	50,000
EVANS HANNAH VALDOSTA STATE UNIVERSITY VALDOSTA,GA31698	NONE	N/A	SCHOLARSHIP AWARD	2,026
FULLER GRACYN UNIVERSITY OF GEORGIA ATHENS,GA30602	NONE	N/A	SCHOLARSHIP AWARD	5,000
HAMEL ANNA NORTHERN ILLINOIS UNIVERSITY DEKALB,IL60115	NONE	N/A	SCHOLARSHIP AWARD	2,500
HARBIN BREANA UNIVERSITY OF NORTH GEORGIA DAHLONEGA,GA30597	NONE	N/A	SCHOLARSHIP AWARD	7,500
JOHNSON MARY UNIVERSITY OF GEORGIA ATHENS,GA30602	NONE	N/A	SCHOLARSHIP AWARD	2,500
JOHNSON STELLA UNIVERSITY OF GEORGIA ATHENS,GA30602	NONE	N/A	SCHOLARSHIP AWARD	5,000
JONES LEANNA UNIVERSITY OF WEST GEORGIA CARROLLTON,GA30118	NONE	N/A	SCHOLARSHIP AWARD	2,500
JUVENILE DIABETES RESEARCH FOUNDATION 200 VESEY STREET 28TH FLOOR NEW YORK,NY10281	NONE	PUBLIC CHARITY	DIABETES RESEARCH	7,500
KELLY CAMDEN TEXAS TECH UNIVERSITY LUBBOCK,TX79409	NONE	N/A	SCHOLARSHIP AWARD	2,500
KINCER JACK UNIVERSITY OF IOWA IOWA CITY,IA52242	NONE	N/A	SCHOLARSHIP AWARD	2,500
LAWRENCE HALL YOUTH SERVICES 6344 N LAKEWOOD AVE CHICAGO,IL60660	NONE	PUBLIC CHARITY	YOUTH FOCUSED COMMUNITY SERVICES	5,000
MACULAR DEGENERATION RESEARCH ASSOCIATION 22512 GATEWAY CENTER DRIVE CLARKSBURG,MD20871	NONE	PUBLIC CHARITY	MACULAR DEGENERATION RESEARCH	7,500
MASSEY SEABORN GEORGIA TECH ATLANTA,GA30332	NONE	N/A	SCHOLARSHIP AWARD	2,500
MITCHELL DARIUS AUBURN UNIVERSITY AUBURN,AL36849	NONE	N/A	SCHOLARSHIP AWARD	2,500
MORMON CHLOE UNIVERSITY OF GEORGIA ATHENS,GA30602	NONE	N/A	SCHOLARSHIP AWARD	5,000
MULTIPLE SCLEROSIS ASSOCIATION 375 KINGS HIGHWAY NORTH CHERRY HILL,NJ08034	NONE	PUBLIC CHARITY	MULTIPLE SCLEROSIS RESEARCH	5,000
NEAL CAROLINE AUBURN UNIVERSITY AUBURN,AL36849	NONE	N/A	SCHOLARSHIP AWARD	5,000
PARKINSONS DISEASE FOUNDATION 200 SE 1ST STREET SUITE 800 MIAMI,FL33131	NONE	PUBLIC CHARITY	PARKINSONS RESEARCH	2,500
PAUL CONNOR SOUTHERN GEORGIA TECH COLLEGE AMERICUS,GA31711	NONE	N/A	SCHOLARSHIP AWARD	5,000
PENN DOUGLAS UNIVERSITY OF GEORGIA ATHENS,GA30602	NONE	N/A	SCHOLARSHIP AWARD	5,000
REACH FOR EXCELLENCE 3790 ASHFORD DUNWOODY RD NE ATLANTA,GA30319	NONE	PUBLIC CHARITY	COLLEGE PREP PROGRAMS	2,500
ROGERS EMILY KENNESAW STATE UNIVERSITY KENNESAW,GA30144	NONE	N/A	SCHOLARSHIP AWARD	5,000
SHERECK KATHLEEN SAINT MARYS COLLEGE NOTRE DAME,IN46556	NONE	N/A	SCHOLARSHIP AWARD	5,000
STEELMON ELIZABETH AUBURN UNIVERSITY AUBURN,AL36849	NONE	N/A	SCHOLARSHIP AWARD	7,500
STEPHENS BRANSON KENNESAW STATE UNIVERSITY KENNESAW,GA30144	NONE	N/A	SCHOLARSHIP AWARD	7,500
SULLIVAN PATRICK UNIVERSITY OF ILLINOIS CHICAGO,IL60604	NONE	N/A	SCHOLARSHIP AWARD	2,500
TAYLOR LIBERTY UNIVERSITY OF GEORGIA ATHENS,GA30602	NONE	N/A	SCHOLARSHIP AWARD	5,000
VEGA MIRANDA AUBURN UNIVERSITY AUBURN,AL36849	NONE	N/A	SCHOLARSHIP AWARD	2,500
YARBROUGH CAMERON GOERGIA SOUTHERN UNIVERSITY STATESBORO,GA30458	NONE	N/A	SCHOLARSHIP AWARD	2,500
CASEY JAMIE UNIVERSITY OF ALABAMA TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP AWARD	2,500
DUNCAN NOAH ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIFTON,GA31793	NONE	N/A	SCHOLARSHIP AWARD	5,000
KERSEY CAROLINE UNIVERSITY OF GEORGIA ATHENS,GA30602	NONE	N/A	SCHOLARSHIP AWARD	2,500
LAZANYI IRENE NORTHWESTERN UNIVERSITY EVANSTON,IL60208	NONE	N/A	SCHOLARSHIP AWARD	1,667
MASTRUD MONICA EMORY UNIVERSITY ATLANTA,GA30322	NONE	N/A	SCHOLARSHIP AWARD	2,500
PAUL EMMA GEORGIA INSTITUTE OF TECHNOLOGY ATLANTA,GA30332	NONE	N/A	SCHOLARSHIP AWARD	2,500
SHERECK BRIDGET SAINT MARYS COLLEGE SOUTH BEND,IN46624	NONE	N/A	SCHOLARSHIP AWARD	5,000
SMITH REBECCA GEORGIA SOUTHERN UNIVERSITY STATESBORO,GA30458	NONE	N/A	SCHOLARSHIP AWARD	2,500
TONEY CADE UNIVERSITY OF GEORGIA ATHENS,GA30602	NONE	N/A	SCHOLARSHIP AWARD	5,000
WOOD MADELINE BROOKLYN LAW SCHOOL BROOKLYN,NY11201	NONE	N/A	SCHOLARSHIP AWARD	2,500
Total ................................. 3a				321,193

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	10
4 Dividends and interest from securities ....			14	147,968
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	105,489
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		253,467	0

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

253,467

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
VERNOF, SCHWARTZ & CO., C.P.A.'S	32,483	25,986		6,497

- TIN:

TY 2023 GeneralExplanationAttachment

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Identifier	Return Reference	Explanation
APPLICATION SUBMISSION FORM, DEADLINES AND ANY RESTRICTIONS OR LIMITATIONS.	FORM 990-PF, PART XV, LINE 2(B), (C) AND (D)	1. THE SCHOLARSHIP SELECTION COMMITTEE CONSISTS OF RUBEN R. VERNOF, CO-TRUSTEE, JEFFREY TODD, ANGELO DE VIVO, JORDAN BERLIN, MARTHA ANN TODD AND LINDA M. NEYLON, CO-TRUSTEE. A MAJORITY OF THE COMMITTEE SHALL ELECT THE PERSON OR PERSONS TO WHOM THE SCHOLARSHIPS ARE AWARDED.2. ONLY RESIDENTS OF THE UNITED STATES OF AMERICA ARE ELIGIBLE TO BE RECIPIENTS OF THESE SCHOLARSHIPS. ELIGIBLE STUDENTS ARE THOSE WHO ARE PLANNING TO ATTEND OR ARE ATTENDING ANY ACCREDITED UNITED STATES COLLEGE OR UNIVERSITY GRANTING ANY OF THE FOLLOWING DEGREES: BACHELORS, MASTERS, DOCTOR OF PHILOSOPHY, DOCTOR OF MEDICINE, DOCTOR OF DENTISTRY, DOCTOR OF LAWS, DOCTOR OF VETERINARY MEDICINE OR OTHER COMMONLY ACCEPTED ACCREDITED ADVANCED DEGREES.3. PERSONS OF BOTH SEXES AND ALL AGES, RACES AND RELIGIONS SHALL BE ELIGIBLE TO RECEIVE THESE SCHOLARSHIPS. SELECTION SHALL BE BASED ON SCHOLASTIC ACHIEVEMENT OR THE POTENTIAL TO MAKE SCHOLASTIC ACHIEVEMENTS, FINANCIAL NEED AND DEMONSTRATED QUALITY OF LEADERSHIP.4. THE NUMBER OF POTENTIAL RECIPIENTS WILL DEPEND ON THE AMOUNT OF AVAILABLE FUNDS, AND IT IS ANTICIPATED TO BE AT LEAST FOUR (4) PER YEAR.5. APPLICANTS MUST GRADUATE FROM HIGH SCHOOL WITH A "C" AVERAGE OR BETTER IF THE SCHOLARSHIP IS FOR AN UNDERGRADUATE DEGREE. IF THE STUDENT IS SEEKING A GRADUATE DEGREE, HE OR SHE MUST HAVE GRADUATED COLLEGE WITH A "C OR BETTER AVERAGE. APPLICANTS MUST ENROLL AS FULL-TIME STUDENTS AND CARRY A FULL-TIME COURSE LOAD.6. THE AVAILABILITY OF THE GRANT WILL BE PUBLICIZED THROUGH THE FINANCIAL AID OFFICES OF THE RESPECTIVE SCHOOLS.7. THE GRANT WILL BE PAID TO THE RECIPIENT, TO HIS OR HER FAMILY OR DIRECTLY TO THE COLLEGE OR UNIVERSITY FOR THE BENEFIT OF THE RECIPIENT.A) ARRANGEMENTS WILL BE MADE TO RECEIVE REPORTS OF COURSES TAKEN AND GRADES IN EACH ACADEMIC PERIOD.B) IN THE EVENT THAT A RECIPIENT SHALL FAIL TO MAINTAIN AN AVERAGE OF "C OR BETTER, SHOULD ABANDON COLLEGE OR UNIVERSITY ATTENDANCE, SHOULD DIE, OR SHOULD FAIL TO COMPLETE ONE ACADEMIC YEAR WITHIN TWELVE (12) MONTHS FROM THE BEGINNING OF THE SCHOLASTIC YEAR NEXT FOLLOWING HIS OR HER AWARD, THE SCHOLARSHIP SHALL BE TERMINATED IN THE DISCRETION OF THE SELECTION COMMITTEE AND THE UNUSED PORTION OF THE SCHOLARSHIP SHALL BE PROMPTLY REFUNDED TO THE TRUSTEE.C) THE SELECTION COMMITTEE SHALL SELECT ONE OR MORE ALTERNATES WHO SHALL BE THE RECIPIENTS OF THE SCHOLARSHIPS PREVIOUSLY AWARDED TO PERSONS WHO, PRIOR TO BEGINING SUCH ACADEMIC YEAR, FAIL TO ENTER HIS OR HER COLLEGE OR UNIVERSITY.8. NO GRANTS WILL BE AWARDED TO ANY DISQUALIFIED PERSON AS DESCRIBED IN SEC. 4946(A) OF THE INTERNAL REVENUE CODE.9. THE RECIPIENT WILL BE REQUIRED TO EXECUTE A PROMISSORY NOTE IN ACCORDANCE WITH THE TERMS OF THE TRUST DOCUMENT AND NO SECURITY WILL BE REQUIRED.10. THE PROCEDURES IN MAKING AND MANAGING THE LOAN PORTION OF THE SCHOLARSHIP GRANTS WILL NOT DIFFER IN ANY MATERIAL WAY FROM THE PROCEDURES DESCRIBED IN 1, 2, 3, 5, 6 AND 7.11. TO THE EXTENT THAT THE TRUSTEE ELECTS NOT TO DISTRIBUTE THE ENTIRE NET INCOME OF THE TRUST IN ANY YEAR FOR SCHOLARSHIP PURPOSES, THE TRUSTEE SHALL DISTRIBUTE THE BALANCE OF THE NET INCOME FOR ANY SUCH YEAR TO ANY ONE OR MORE OF THE CHARITABLE ORGANIZATIONS AS THE TRUSTEE SHALL DEEM APPROPRIATE.

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AON PLC, $20,000	20,061	19,799
BECKTON DICKINSON & CO 3.7% $20,000	21,368	19,393
CBRE SVCS INC GTD FXD RT SR NT 4.875%, $15,000	16,295	14,991
CHARTER COMMUNICATIONS, 4.2%, $15,000	16,360	14,415
FIRST UNION CORP, SUB NOTE 6.55%, $50,000	50,142	54,118
GNMA PASS THRU POOL, 8.5%, $100,000	4,371	108
INTERCONTINENTAL EXCHANGE INC, 2.1%, $15,000	12,804	12,981
LAS VEGAS SANDS CORP, 3.2%, $20,000	20,322	19,613
MORGAN STANLEY DEAN WITTER DISCOVER & CO MED TERM 7.355%, $15,000	11,142	9,188
PHILIP MORRIS INTL INC 3.375%, $15,000	13,514	14,084
PROSPECT CAP CORP 6.375%, $10,000	10,201	9,995
QUANTA SVCS INC 2.9%, $15,000	11,914	13,199
SAN ANTONIO TEX MUN FACS CORP LEASE 0.894%, $20,000	20,080	19,541
SIXTH STR SPECIALTY LENDING INC NT 2.5%, $10,000	9,856	9,146
VERIZON COMMUNICATIONS INC FXD RT 4.125%, $20,000	21,608	19,720
WALT DISNEY CO NT 3.35%, $20,000	20,745	19,609
AIRBRB INC, 0.00%, $15,000	12,680	13,472
SCHWAB CHARLES CORP 2.300%, $20,000	15,947	16,728

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC, 400 SH	31,610	61,988
AFLAC INC, 1000 SH	18,469	82,500
AFLAC INC, 2000 SH	35,719	165,000
AFLAC INC, 3000 SH	64,768	247,500
ALPHABET INC, 613 SH	16,090	86,390
AMAZON COM INC, 180 SH	16,937	27,349
AMAZON COM INC, 27 SH	2,306	4,102
AMAZON COM INC, 70 SH	8,159	10,636
AMAZON COM INC, 70 SH	11,688	10,636
AMAZON COM INC, 80 SH	11,410	12,155
AMERICAN EXPRESS, 161 SH	8,956	30,162
ANALOG DEVICES INC, 157 SH	25,158	31,174
ANALOG DEVICES INC, 46 SH	7,067	9,134
ANALOG DEVICES INC, 71 SH	11,730	14,098
AON PLC CL A, 20 SH	1,723	5,820
AON PLC CL A, 43 SH	9,043	12,514
APPLE INC, 1200 SH	38,260	231,036
APPLE INC, 2000 SH	52,662	385,060
APPLE INC, 3000 SH	96,912	577,590
APPLE INC, 180 SH	3,274	34,655
ARISTA NETWORKS INC, 130 SH	6,473	30,616
AT&T, 1000 SH	31,180	16,780
AT&T, 1000 SH	28,876	16,780
BECTON DICKINSON & CO, 45 SH	10,312	10,972
BECTON DICKINSON & CO, 51 SH	11,702	12,435
BECTON DICKINSON & CO, 52 SH	12,428	12,679
BECTON DICKINSON & CO, 63 SH	15,963	15,361
BERKSHIRE HATHAWAY INC CLASS B, 500 SH	35,967	178,330
BERKSHIRE HATHAWAY INC, 67 SH	7,848	23,896
BERKSHIRE HATHAWAY INC, 7 SH	831	2,497
BERKSHIRE HATHAWAY INC, 70 SH	7,638	24,966
BP PLC SPONSORED ADR, 1000 SH	42,345	35,400
BP PLC SPONSORED ADR, 1000 SH	39,590	35,400
CARMAX INC, 119 SH	7,857	9,132
CARMAX INC, 155 SH	7,976	11,895
CARMAX INC, 56 SH	5,368	4,297
CARMAX INC, 35 SH	1,652	2,686
CARMAX INC, 45 SH	4,173	3,453
CHARTER COMMUNICATIONS INC, 40 SH	19,287	15,547
CHARTER COMMUNICATIONS INC, 55 SH	26,109	21,377
CITIGROUP INC, 1000 SH	50,908	51,440
CITIGROUP INC, 1000 SH	33,939	51,440
CITIGROUP INC, 2000 SH	95,512	102,880
CVS HEALTH CORPORATION, 300 SH	17,016	23,688
DOLLAR TREE INC, 256 SH	25,072	36,365
DOLLAR TREE INC, 30 SH	4,835	4,262
GENERAL MOTORS, 125 SH	3,939	4,490
GENERAL MOTORS, 280 SH	9,322	10,058
GENERAL MOTORS, 33 SH	1,148	1,185
GILDAN ACTIVEWEAR INC, 260 SH	5,676	8,596
GILDAN ACTIVEWEAR INC, 197 SH	4,887	6,513
HASBRO INC, 195 SH	13,277	9,957
HASBRO INC, 55 SH	4,057	2,808
HAYWARD HOLDINGS INC, 98 SH	1,701	1,333
HAYWARD HOLDINGS INC, 296 SH	4,133	4,026
INTERCONTINENTAL EXCHANGE INC, 114 SH	11,927	14,641
INTERCONTINENTAL EXCHANGE INC, 153 SH	15,478	19,650
INTERCONTINENTAL EXCHANGE INC, 36 SH	3,766	4,623
JACOBS SOLUTIONS INC, 27 SH	3,458	3,505
JACOBS SOLUTIONS INC, 61 SH	7,303	7,918
JACOBS SOLUTIONS INC, 78 SH	9,985	10,124
JACOBS SOLUTIONS INC, 98 SH	12,542	12,720
JOHNSON & JOHNSON, 1000 SH	66,826	156,740
JP MORGAN CHASE & CO, 115 SH	6,596	19,562
JP MORGAN CHASE & CO, 110 SH	12,423	18,711
JP MORGAN CHASE & CO, 2000 SH	74,207	340,200
KEYSIGHT TECHNOLOGIES INC, 89 SH	8,667	14,159
LAS VEGAS SANDS CORP, 142 SH	5,305	6,988
LAS VEGAS SANDS CORP, 147 SH	5,738	7,234
LAS VEGAS SANDS CORP, 32 SH	1,262	1,575
LAS VEGAS SANDS CORP, 199 SH	7,595	9,793
LOWES COS INC, 125 SH	10,283	27,819
LOWES COS INC, 28 SH	5,822	6,231
MARATHON OIL CORPORATION, 1000 SH	15,024	24,160
META PLATFORMS INC CL A, 212 SH	25,900	75,040
MOTOROLA SOLUTIONS INC, 89 SH	13,073	27,865
MOTOROLA SOLUTIONS INC, 45 SH	6,133	14,089
PACCAR INC, 258 SH	15,295	25,194
PACCAR INC, 258 SH	15,391	25,194
PARAMOUNT GLOBAL CLASS B, 2000 SH	65,210	29,580
PHILIP MORRIS INTL INC, 155 SH	10,952	14,582
PHILIP MORRIS INTL INC, 200 SH	17,114	18,816
PHILIP MORRIS INTL INC, 128 SH	11,018	12,042
PHILIP MORRIS INTL INC, 45 SH	3,324	4,234
PHILLIPS 66, 500 SH	29,603	66,570
PHILLIPS 66, 500 SH	15,844	66,570
QUALCOMM INC	68,020	72,315
ROYCE FUND MICRO CAP FD, 100 SH	981	1,095
ROYCE FUND MICRO CAP FD, 112 SH	1,369	1,228
ROYCE FUND MICRO CAP FD, 117 SH	1,048	1,291
ROYCE FUND MICRO CAP FD, 119 SH	1,733	1,314
ROYCE FUND MICRO CAP FD, 124 SH	1,482	1,368
ROYCE FUND MICRO CAP FD, 166 SH	2,048	1,831
ROYCE FUND MICRO CAP FD, 180 SH	1,699	1,984
ROYCE FUND MICRO CAP FD, 181 SH	1,620	1,986
ROYCE FUND MICRO CAP FD, 33 SH	250	368
ROYCE FUND MICRO CAP FD, 47 SH	611	515
ROYCE FUND MICRO CAP FD, 579 SH	10,000	6,373
ROYCE FUND MICRO CAP FD, 59 SH	712	644
ROYCE FUND MICRO CAP FD, 6 SH	75	69
ROYCE FUND MICRO CAP FD, 65 SH	4,842	718
ROYCE FUND MICRO CAP FD, 69 SH	1,131	759
ROYCE FUND MICRO CAP FD, 7 SH	103	73
ROYCE FUND MICRO CAP FD, 80 SH	1,123	879
SALESFORCE.COM, 32 SH	5,483	8,420
SALESFORCE.COM, 53 SH	11,254	13,946
SALESFORCE.COM, 34 SH	7,533	8,947
SALESFORCE.COM, 79 SH	13,264	20,788
SCHWAB CHARLES CORP, 184 SH	13,065	12,659
SCHWAB CHARLES CORP, 427 SH	17,216	29,378
SPLUNK INC, 41 SH	5,235	6,246
SPLUNK INC, 101 SH	9,835	15,387
SPOTIFY TECH, 53 SH	5,602	9,959
SPOTIFY TECH, 11 SH	1,767	2,067
TEVA PHARMACEUTICAL INDUSTRIES, 1000 SH	32,101	10,440
TEVA PHARMACEUTICAL INDUSTRIES, 2000 SH	65,017	20,880
TEVA PHARMACEUTICAL INDUSTRIES, 2000 SH	56,327	20,880
TEVA PHARMACEUTICAL INDUSTRIES, 2000 SH	32,205	20,880
VIATRIS INC, 1000 SH	15,755	10,830
VIATRIS INC, 1000 SH	10,428	10,830
VISA INC, 127 SH	25,530	33,064
VISA INC, 20 SH	2,754	5,207
VISA INC, 61 SH	11,050	15,881
AT&T, 2000 SH	30,790	33,560
CNH INDL N V SHS (NETHERLANDS), 2000 SH	22,396	24,360
CVS HEALTH CORPORATION, 700 SH	53,184	55,272
CVS HEALTH CORPORATION, 1000 SH	67,830	78,960
GE HEALTHCARE TECHNOLOGIES, 42 SH	5,988	3,221
GE HEALTHCARE TECHNOLOGIES, 42 SH	5,792	3,222
GE HEALTHCARE TECHNOLOGIES, 83 SH	11,169	6,443
GE HEALTHCARE TECHNOLOGIES, 83 SH	7,228	6,443
KENVUE INC., 1000 SH	20,730	21,530
ROYCE FUND MICRO CAP FD, 146 SH	1,568	1,611
WISDOMTREE TRUST FLTG RATE TREASURY FUND	365,094	364,441
AMERICAN EXPRESS, 56 SH	10,140	10,491
AMERICAN EXPRESS, 54 SH	8,941	10,116
BECTON DICKINSON & CO, 46 SH	10,968	11,216
DIAGEO PLC, 156 SH	27,093	22,723
DIAGEO PLC, 43 SH	7,212	6,263
DOLLAR TREE INC, 23 SH	3,357	3,267
DOLLAR TREE INC, 27 SH	2,917	3,835
HASBRO INC, 11 SH	719	562
HASBRO INC, 260 SH	13,478	13,276
HAYWARD HOLDINGS INC, 394 SH	5,163	5,358
JACOBS SOLUTIONS INC, 23 SH	2,828	2,985
JACOBS SOLUTIONS INC, 26 SH	3,178	3,375
JACOBS SOLUTIONS INC, 62 SH	7,601	8,048
KEYSIGHT TECHNOLOGIES INC, 52 SH	8,082	8,273
KEYSIGHT TECHNOLOGIES INC, 39 SH	5,622	6,205
KEYSIGHT TECHNOLOGIES INC, 89 SH	11,529	14,159
KEYSIGHT TECHNOLOGIES INC, 30 SH	3,852	4,773
LOWES COS INC, 43 SH	8,428	9,570
PHILIP MORRIS INTL INC, 28 SH	2,723	2,634
PHILIP MORRIS INTL INC, 67 SH	6,687	6,303
PPG INDS INC, 190 SH	25,480	28,415
SCHWAB CHARLES CORP, 152 SH	8,663	10,458
SCHWAB CHARLES CORP, 113 SH	5,890	7,774

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TY 2023 InvestmentsGovtObligationsSch

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

US Government Securities - End of Year Book Value:

58,371

US Government Securities - End of Year Fair Market Value:

59,277

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
KOVITZ DIVERSIFIED REAL ESTATE	AT COST	146,558	146,558

- TIN:

TY 2023 LegalFeesSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	7,052	5,642		1,410

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DIVIDENDS RECEIVABLE	2,821	4,032	4,032
SECURITY DEPOSIT	23,000	23,000	23,000

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Description	Amount
FEDERAL TAXES	13,536

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
INSURANCE	873	698	175
INVESTMENT EXPENSE	47,811	47,811	0
POSTAGE	226	181	45
EARLY PAYMENT DISCOUNTS ALLOWED	2,925	2,925	0

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TY 2023 OtherIncreasesSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Description	Amount
ACCOUNTS RECEIVABLE CORRECTION, TO BRING TO ACTUAL	3,460

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Description	Beginning of Year - Book Value	End of Year - Book Value
IL EXCISE TAX DUE	15	15
FEDERAL EXCISE TAX DUE	0	677

- TIN:

TY 2023 TaxesSchedule

Name:

THE BERNER CHARITABLE AND SCHOLARSHIP

FOUNDATION

EIN:

36-3923844

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	117	117		0
IL EXCISE TAX	15	0		15