Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Shepard Broad Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

59-0998866
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$31,080,599J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,379 1,379  
4 Dividends and interest from securities... 789,806 789,806  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 451,704
b Gross sales price for all assets on line 6a 897,187
7 Capital gain net income (from Part IV, line 2)... 451,704
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........ 1,242,889 1,242,889  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,000     5,000
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).... Click to see attachment
List of Attached Documents:
// Content
218,800 104,273   114,527
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
14,066 148    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 17,269     17,269
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
68,291     68,291
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 323,426 104,421   205,087
25 Contributions, gifts, grants paid....... 1,030,187 1,030,187
26 Total expenses and disbursements. Add lines 24 and 25 1,353,613 104,421   1,235,274
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -110,724
b Net investment income (if negative, enter -0-) 1,138,468
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 430,139 364,466 364,466
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 23,495,496 Click to see attachment
List of Attached Documents:
// Content
23,450,445 		30,716,133
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,925,635 23,814,911 31,080,599
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 23,925,635 23,814,911
29 Total net assets or fund balances (see instructions)..... 23,925,635 23,814,911
30 Total liabilities and net assets/fund balances (see instructions). 23,925,635 23,814,911
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
23,925,635
2
Enter amount from Part I, line 27a .....................
2
-110,724
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
23,814,911
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,814,911
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 897,187   445,483 451,704
b
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       451,704
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 451,704
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 15,825
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 15,825
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,825
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 10,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 10,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 5,325
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(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)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Karen BermanClick to see attachment
List of Attached Documents:
// Content
Dir, Treas
1.0 		2,500 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Ann B BusselClick to see attachment
List of Attached Documents:
// Content
Dir, Chairperson
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Daniel J BusselClick to see attachment
List of Attached Documents:
// Content
Dir, Sec
1.0 		2,500 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Deborah BusselClick to see attachment
List of Attached Documents:
// Content
Dir, Pres
10.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
John M BusselClick to see attachment
List of Attached Documents:
// Content
Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Team Hewins LLC Investment MGMT 104,273
203 REDWOOD SHORES PARKWAY STE 550
REDWOOD CITY,CA94065
Foundation Source Administrative 67,000
55 Walls Drive 3rd Fl
Fairfield,CT06824
Enid Mercado Administrative 56,800
4217 Westminster Road
Sebring,FL33875
Bussel Philanthropy Associates LLC Philanthropic 55,000
1000 Venetian Way 802
Miami Beach,FL33139
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)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
28,930,654
b
Average of monthly cash balances.......................
1b
249,777
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
29,180,431
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
29,180,431
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
437,706
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
28,742,725
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,437,136
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,437,136
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
15,825
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,825
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,421,311
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,421,311
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,421,311
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,235,274
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,235,274
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,421,311
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:2021, 2020, 2019  
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 ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,235,274
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 1,235,274
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		186,037
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
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.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or 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)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ACUPUNCTURISTS WITHOUT BORDERS

3439 NE SANDY BLVD 304
PORTLAND,OR97232 		N/A PC Relief work in the Middle East 2,500

AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATIO

244 MADISON AVE STE 482
NEW YORK,NY10016 		N/A PC Support for Displaced Families 2,000

AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATIO

244 MADISON AVE STE 482
NEW YORK,NY10016 		N/A PC General & Unrestricted 15,000

AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC

199 WATER ST 11TH FL
NEW YORK,NY10038 		N/A PC Student Scholarship fund at the Hebrew University of Jerusalem 5,500

AMERICAN JEWISH COMMITTEE

165 E 56TH ST 6TH FL
NEW YORK,NY10022 		N/A PC 2023 Miami Annual Campaign 20,000

BARRY UNIVERSITY INC

11300 NE 2ND AVE
MIAMI SHORES,FL33161 		N/A PC Opportunity Fund 20,000

BENNING ACADEMY OF MUSIC FOUNDATION

5647 WILLIS AVE
SHERMAN OAKS,CA91411 		N/A PC Jean Aviado Rocha Fund 5,000

BENNING ACADEMY OF MUSIC FOUNDATION

5647 WILLIS AVE
SHERMAN OAKS,CA91411 		N/A PC Support construction of five classrooms in the Ensenada Mexico School 15,000

BENNING ACADEMY OF MUSIC FOUNDATION

5647 WILLIS AVE
SHERMAN OAKS,CA91411 		N/A PC General & Unrestricted 20,000

BRIGID ALLIANCE INC

PO BOX 58
NEW YORK,NY10024 		N/A PC practical support and assistance to people seeking quality reproductive health care 15,000

CAROLINA ABORTION FUND

PO BOX 51534
DURHAM,NC27717 		N/A PC General & Unrestricted 2,500

CHILDRENS BEREAVEMENT CENTER INC

6619 S DIXIE HWY PMB 302
MIAMI,FL33143 		N/A PC Extended Shiva Project 7,500

CIRCLE OF HOPE HEALTH CARE SERVICES

712 H ST NE PMB 1825
WASHINGTON,DC20002 		N/A PC In support of its center in Wyoming 15,000

DKT INTERNATIONAL INC

1001 CONNECTICUT AVE NW STE 800
WASHINGTON,DC20036 		N/A PC Women on Waves 20,000

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27708 		N/A PC Trinity College Annual Fund 20,000

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27708 		N/A PC to fund the Ann B. Bussel Grant by The Ruth K. Broad Biomedical Research Foundation 25,000

DURHAM-CHAPEL HILL JEWISH FEDERATION

1937 W CORNWALLIS ROAD
DURHAM,NC27705 		N/A PC the Building For Good Campaign 14,300

DURHAM-CHAPEL HILL JEWISH FEDERATION

1937 W CORNWALLIS ROAD
DURHAM,NC27705 		N/A PC the Great Challah Bake 1,000

DURHAM-CHAPEL HILL JEWISH FEDERATION

1937 W CORNWALLIS ROAD
DURHAM,NC27705 		N/A PC the Jewish Book Fair 1,000

DURHAM-CHAPEL HILL JEWISH FEDERATION

1937 W CORNWALLIS ROAD
DURHAM,NC27705 		N/A PC the Jewish Film Festival 2,500

ELEVATED ACCESS INC

PO BOX 6806
CHAMPAIGN,IL61826 		N/A PC for practical and logistical support it gives to people seeking reproductive health care as well as to the providers of that care 15,000

FISHER HOUSE FOUNDATION INC

12300 TWINBROOK PKWY STE 410
ROCKVILLE,MD20852 		N/A PC General & Unrestricted 1,500

FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION IN

510 WALNUT ST STE 1250
PHILADELPHIA,PA19106 		N/A PC General & Unrestricted 5,000

FREEMAN CENTER FOR JEWISH LIFE AT DUKE UNIVERSITY

1415 FARBER ST
DURHAM,NC27708 		N/A PC General & Unrestricted 5,000

FRIENDS OF GIVAT HAVIVA INC

500 FASHION AVE FL 8A
NEW YORK,NY10018 		N/A PC Infrastructure Planning, Design and Site Prep for Barbara Markel Gathering Space 27,000

FRIENDS OF THE DANIEL CENTERS FOR PROGRESSIVE JUDA

5630 WISCONSIN AVE APT 1601
CHEVY CHASE,MD20815 		N/A PC General & Unrestricted 15,000

FRIENDS OF WLRN INC

172 NE 15TH ST
MIAMI,FL33132 		N/A PC Detention by Design Podcast series 30,000

GABLESTAGE INC

1200 ANASTASIA AVE STE 230
CORAL GABLES,FL33134 		N/A PC The Shakespeare-in-the-Schools educational program collaboration with the Miami-Dade County Public Schools, especially Ruth K. Broad Bay Harbor K-8 Center 7,500

GREATER MIAMI JEWISH FEDERATION

4200 BISCAYNE BLVD
MIAMI,FL33137 		N/A PC 2023 Annual Regular Campaign 13,000

HENRY E HUNTINGTON LIBRARY & ART GALLERY

1151 OXFORD RD
SAN MARINO,CA91108 		N/A PC 2023 Huntington Fellows Program 2,500

HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE

210 W CAMERON AVE
CHAPEL HILL,NC27516 		N/A PC General & Unrestricted 1,000

ICIVICS INC

1035 CAMBRIDGE ST STE 1
CAMBRIDGE,MA02141 		N/A PC General & Unrestricted 5,000

INTERLOCHEN CENTER FOR THE ARTS

PO BOX 199
INTERLOCHEN,MI49643 		N/A PC "Theatre Stuff" endowment Fund 1,000

JAFCO CHILDRENS FOUNDATION INC

4200 N UNIVERSITY DR
SUNRISE,FL33351 		N/A PC Marge Flanz Alumni Circle Endowment Fund 5,000

JEWISH COMMUNITY SERVICES OF SOUTH FLORIDA INC

12000 BISCAYNE BLVD STE 303
NORTH MIAMI,FL33181 		N/A PC for JCS refugee resettlement programs and operations 40,000

JUDEA REFORM CONGREGATION

1933 W CORNWALLIS RD
DURHAM,NC27705 		N/A PC Tzedakah Box - Kibbutz Nir Oz 1,500

LEO BAECK EDUCATION CENTER FOUNDATION

5603 S BRAESWOOD
HOUSTON,TX77096 		N/A PC Haifa Educational Programs 2,500

LEO BAECK EDUCATION CENTER FOUNDATION

5603 S BRAESWOOD
HOUSTON,TX77096 		N/A PC Emergency expenses and relief efforts at Haifa resulting from the state of war between Israel and Hamas 10,000

LIBERTY IN NORTH KOREA

115 PINE AVE STE 210
LONG BEACH,CA90802 		N/A PC General & Unrestricted 500

LOOMIS INSTITUTE

4 BATCHELDER RD
WINDSOR,CT06095 		N/A PC 2023-24 Annual Fund 21,000

LOOMIS INSTITUTE

4 BATCHELDER RD
WINDSOR,CT06095 		N/A PC Support of Refugee Students 50,000

LOS ANGELES LAWYERS PHILHARMONIC

287 S ROBERTSON BLVD 499
BEVERLY HILLS,CA90211 		N/A PC General & Unrestricted 5,000

MEMPHIS CENTER FOR REPRODUCTIVE

1203 POPLAR AVE
MEMPHIS,TN38104 		N/A PC In support of its centers in Tennessee and Illinois 10,000

MIAMI CITY BALLET INC

2200 LIBERTY AVE
MIAMI BEACH,FL33139 		N/A PC The support of educational program collaboration with the Miami-Dade County public schools, including Ruth K. Broad Bay Harbor K-8 Center 4,000

MIAMI DADE COLLEGE FOUNDATION INC

300 NE 2ND AVE
MIAMI,FL33132 		N/A PC Miami Book Fair 30,000

MUSEUM OF CONTEMPORARY ART INC

770 NE 125TH ST
NORTH MIAMI,FL33161 		N/A PC General & Unrestricted 15,000

NATIONAL CENTER FOR FAMILY PHILANTHROPY INC

1667 K ST NW STE 550
WASHINGTON,DC20006 		N/A PC General & Unrestricted 1,500

NEW ISRAEL FUND

235 MONTGOMERY ST STE 920
SAN FRANCISCO,CA94104 		N/A PC Stemming Intercommunal Violence Following Terror Attacks 15,000

NEW WORLD SYMPHONY INC

500 17TH ST
MIAMI BEACH,FL33139 		N/A PC NWS Fellows mentoring program collaboration at the Miami-Dade County Public Schools, including Ruth K. Broad Bay Harbor K-8 Center 7,500

NORTH CAROLINA MUSEUM OF ART FOUNDATION INC

2110 BLUE RIDGE RD
RALEIGH,NC27607 		N/A PC the Judaica Collection 1,500

NORTH CAROLINA PUBLIC RADIO - W U N C

120 FRIDAY CENTER DR
CHAPEL HILL,NC27517 		N/A PC General & Unrestricted 500

OAKWOOD SCHOOL

11600 MAGNOLIA BLVD
N HOLLYWOOD,CA91601 		N/A PC General & Unrestricted 1,000

P E F ISRAEL ENDOWMENT FUNDS INC

630 THIRD AVE 15TH FLOOR
NEW YORK,NY10017 		N/A PC for the Lod Foundation to support cycling group in Ramat Eshkol 7,500

PELICAN HARBOR SEABIRD STATION INC

1279 NE 79 ST CAUSEWAY
MIAMI,FL33138 		N/A PC General & Unrestricted 10,000

PRO PUBLICA INC

155 AVE OF THE AMERICAS 13TH FL
NEW YORK,NY10013 		N/A PC General & Unrestricted 2,500

PTA FLORIDA CONGRESS - BROAD BAY HARBOR K-8 CENTER

1155 93RD ST
BAY HARBOR ISLANDS,FL33154 		N/A PC Stipends fund 3,450

PTA FLORIDA CONGRESS - BROAD BAY HARBOR K-8 CENTER

1155 93RD ST
BAY HARBOR ISLANDS,FL33154 		N/A PC Teacher of the Year award for 2023-24 1,000

RANSOM EVERGLADES SCHOOL INC

3575 MAIN HWY
MIAMI,FL33133 		N/A PC R-E Annual Fund 500

RANSOM EVERGLADES SCHOOL INC

3575 MAIN HWY
MIAMI,FL33133 		N/A PC 2023-24 academic year Fund for RE 15,000

REFUGEE ASSISTANCE ALLIANCE INC

1825 PONCE DE LEON BLVD 145
CORAL GABLES,FL33134 		N/A PC Support the operations of Refugee Assistance Alliance 35,000

RUTH K BROAD BAY HARBOR K-8 CENTER

1155 93RD ST
BAY HARBOR ISLANDS,FL33154 		N/A GOV Tutoring Program 20,000

RUTH K BROAD BAY HARBOR K-8 CENTER

1155 93RD ST
BAY HARBOR ISLANDS,FL33154 		N/A GOV Ann B Bussel Teaching Fund Awards 7,700

SCHOOL YEAR ABROAD INC

120 WATER ST
NORTH ANDOVER,MA01845 		N/A PC General & Unrestricted 2,500

SCHWAB CHARITABLE FUND

211 MAIN ST
SAN FRANCISCO,CA94105 		N/A PC Daniel J. Bussel & Raquelle de la Rocha Donor Advised Fund 50,000

SOUTH FLORIDA PBS INC

3401 S CONGRESS AVE
BOYNTON BEACH,FL33426 		N/A PC General & Unrestricted 2,500

STANFORD LAW SCHOOL

559 NATHAN ABBOTT WAY
STANFORD,CA94305 		N/A PC Law Dean's Fund 2,500

SYE INITIATIVE INC

5 TUDOR CITY PLAPT 1405
NEW YORK,NY10017 		N/A PC General & Unrestricted 10,000

SYRACUSE UNIVERSITY

640 SKYTOP RD FL 2
SYRACUSE,NY13244 		N/A PC Ruth Kugel Broad Endowed Scholarship Fund 2,500

TEMPLE BETH SHOLOM

4144 CHASE AVE
MIAMI BEACH,FL33140 		N/A PC To increase the endowment of the Broad Bussel Educational Enhancement Fund 75,000

TEMPLE ISRAEL OF HOLLYWOOD

7300 HOLLYWOOD BLVD
LOS ANGELES,CA90046 		N/A PC General & Unrestricted 10,000

THE AMERICAN FRIENDS OF BEIT ISSIE SHAPIRO INC

25 W 45TH ST STE 1405
NEW YORK,NY10036 		N/A PC General & Unrestricted 10,000

THE DEBORAH PROJECT INC

PO BOX 212
MERION STATION,PA19066 		N/A PC General & Unrestricted 5,000

THE FOUNTAINHEAD RESIDENCY INC

5600 N BAYSHORE DR
MIAMI,FL33137 		N/A PC General & Unrestricted 25,000

THE LERNER JEWISH COMMUNITY DAY SCHOOL

1935 W CORNWALLIS RD
DURHAM,NC27705 		N/A PC Lerner Annual Fund 2,200

THE REASON FOUNDATION

5737 MESMER AVE
LOS ANGELES,CA90230 		N/A PC General & Unrestricted 2,500

THE UCLA FOUNDATION

405 HILGARD AVE
LOS ANGELES,CA90095 		N/A PC UCLA School of Law Dean's Fund 5,000

THE UCLA FOUNDATION

405 HILGARD AVE
LOS ANGELES,CA90095 		N/A PC Charitable Event 1,500

THE UCLA FOUNDATION

405 HILGARD AVE
LOS ANGELES,CA90095 		N/A PC UCLA School of Law - The Shepard Broad Scholarship Fund 20,000

TIDES CENTER

PO BOX 889385
LOS ANGELES,CA90088 		N/A PC Lawyering Project at Abortion Defense Network 6,000

TOWN OF BAY HARBOR ISLANDS

9665 BAY HARBOR TERRACE
BAY HARBOR ISLANDS,FL33154 		N/A GOV Documentation of Town of BHI's 75th Anniversary 10,000

TOWN OF BAY HARBOR ISLANDS

9665 BAY HARBOR TERRACE
BAY HARBOR ISLANDS,FL33154 		N/A GOV Town Picnic 12,500

TREEPEOPLE INC

12601 MULHOLLAND DR
BEVERLY HILLS,CA90210 		N/A PC General & Unrestricted 2,500

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA The Pe

PO BOX 71332
PHILADELPHIA,PA19176 		N/A PC College of Arts and Sciences 2,500

UNIVERSITY OF CHICAGO

5801 S ELLIS AVE
CHICAGO,IL60637 		N/A PC General & Unrestricted 1,500

UNIVERSITY OF MIAMI

4600 RICKENBACKER CAUSEWAY
MIAMI,FL33149 		N/A PC 2024 Sea Secrets Lecture Series 5,000

WE COUNT INC

PO BOX 344116
FLORIDA CITY,FL33034 		N/A PC Sembrando Justicia Campaign 30,000

WIKIMEDIA FOUNDATION INC

PO BOX 98204
WASHINGTON,DC20090 		N/A PC General & Unrestricted 1,000

WOMENS EMERGENCY NETWORK INC

PO BOX 566392
MIAMI,FL33256 		N/A PC General & Unrestricted 2,500

WOMENS FUND OF MIAMI-DADE INC

3109 GRAND AVE 176
MIAMI,FL33133 		N/A PC To be used for Grant Distributions 10,000

WOMENS REPRODUCTIVE RIGHTS ASSISTANCE PROJECT WRRA

1902A LINCOLN BLVD 1338
SANTA MONICA,CA90405 		N/A PC General & Unrestricted 15,000

WORLD CENTRAL KITCHEN INCORPORATED

200 MASSACHUSETTS AVE NW 7TH FL
WASHINGTON,DC20001 		N/A PC General & Unrestricted 1,500

YOUNG PATRONESSES OF THE OPERA INC

PO BOX 347616
MAIMI,FL33234 		N/A PC Support in-school opera performances and educational program collaborations with the Miami-Dade County Public Schools, including Ruth K. Broad Bay Harbor K-8 Center 4,000

ZOO MIAMI FOUNDATION INC

12400 SW 152ND ST
MIAMI,FL33177 		N/A PC Teacher professional development and outreach education Migrant Program 18,537
Total .................................right arrow 3a 1,030,187
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,379  
4 Dividends and interest from securities ....     14 789,806  
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 ............ 		    18 451,704  
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) ..   1,242,889  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,242,889
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 CompensationExplanation
Name:
The Shepard Broad Foundation Inc
EIN:
59-0998866
Person Name Explanation
Deborah Bussel DEBORAH BUSSEL, PRESIDENT AND DIRECTOR OF THE SHEPARD BROAD FOUNDATION, INC. (THE "FOUNDATION"), IS A PRINCIPAL AT THE PHILANTHROPIC CONSULTING FIRM OF BUSSEL PHILANTHROPY ASSOCIATES LLC, A DISQUALIFIED PERSON WHICH PROVIDES PHILANTHROPIC CONSULTING SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2023, THE FOUNDATION PAID $55,000 FOR PHILANTHROPIC CONSULTING SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C. SUCH PHILANTHROPIC CONSULTING FIRM BILLED THE FOUNDATION AT THE SAME RATE OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.

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

TY 2023 DepreciationSchedule
Name:
The Shepard Broad Foundation Inc
EIN:
59-0998866
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 InvestmentsCorpStockSchedule
Name:
The Shepard Broad Foundation Inc
EIN:
59-0998866
Name of Stock End of Year Book Value End of Year Fair Market Value
ADOBE SYSTEMS, INC 27,376 155,713
ADVANCED MICRO DEVICES INC 70,258 106,135
ALIGN TECHNOLOGY, INC 37,217 50,142
AMAZON COM 53,488 284,584
APPLE INC 116,984 169,426
ASML HOLDING NV NY REG SHS 106,636 114,295
AVANTIS US SMALL CAP VALUE ETF 2,175,397 2,645,239
CADENCE DESIGN SYSTEMS INC 60,093 72,723
CHIPOTLE MEX GRILL 71,597 125,783
DEXCOM, INC 30,363 106,221
DFA EMERGING MARKETS CORE EQ P 1,463,215 1,695,643
DFA INTERNATIONAL SMALL CO POR 924,309 992,998
DFA INTERNATIONAL VALUE PORTFO 1,488,120 2,157,110
DFA U.S. LARGE CAP VALUE PORTF 2,233,670 4,160,425
DODGE & COX INCOME FUND 3,401,648 2,983,549
INSULET CORPORATION 71,900 58,585
INTUIT 58,201 89,379
INTUITIVE SURGICAL 66,784 128,534
ISHARES RUSSELL 2000 GROWTH IN 131,417 420,199
LULULEMON ATHLETICA INC 79,515 118,108
MARKET VECTORS ISRAEL 264,827 287,516
MARVELL TECHNOLOGY, INC 56,407 57,656
MASTERCARD INC 32,882 246,523
MEDPACE HOLDINGS, INC 34,026 38,316
MERCADOLIBRE, INC 45,865 97,435
META PLATFORMS INC 50,466 55,218
MICROSOFT CORP 75,767 287,671
NETFLIX INC 105,980 96,402
NVIDIA CORP 28,369 286,732
PALO ALTO NETWORKS INC 58,765 99,080
PIMCO EMERGING MARKETS FULL SP 1,261,070 1,083,642
PIMCO TOTAL RETURN FUND 3,477,285 2,886,594
SALESFORCE.COM 30,563 166,304
SCHWAB S P 500 INDEX FUND SELE 2,199,844 4,123,298
SERVICE NOW 63,220 290,367
SNOWFLAKE INC 28,355 37,412
THE BLACKSTONE GROUP INC CL A 84,712 106,438
THE TRADE DESK INC 39,423 42,456
TRACTOR SUPPLY CO COM 61,384 82,572
UBER 39,514 53,997
VANGAURD HIGH-YIELD CORPORATE 1,772,345 1,658,117
VANGUARD INTL GROWTH FD ADMIRA 620,367 895,745
VANGUARD SMALL CAP GROWTH INDE 299,057 849,254
VEEVA SYSTEMS INC 31,664 101,073
VISA INC 20,100 151,524

TY 2023 OtherExpensesSchedule
Name:
The Shepard Broad Foundation Inc
EIN:
59-0998866
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 67,000     67,000
Digital Subscriptions 324     324
CREDIT CARD FEES 230     230
Office Supplies 676     676
State or Local Filing Fees 61     61


TY 2023 OtherProfessionalFeesSchedule
Name:
The Shepard Broad Foundation Inc
EIN:
59-0998866
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administration of Foundation 56,800     56,800
Investment Management Services 104,273 104,273    
Philanthropic Consulting Srvcs 55,000     55,000
ARCHIVAL SERVICES 2,727     2,727


TY 2023 TaxesSchedule
Name:
The Shepard Broad Foundation Inc
EIN:
59-0998866
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 10,500      
990-PF Excise Tax for 2022 3,418      
Foreign Tax Paid 148 148