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 SHAMAYIM FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)5005 COLLINS AVENUE STE 1501
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MIAMI BEACH, FL33140

A Employer identification number

46-3006123

B Telephone number (see instructions)

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

$4,006,298J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,601
2	Check .............
3	Interest on savings and temporary cash investments	100		100
4	Dividends and interest from securities...	106,290		106,290
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		170,123
b	Gross sales price for all assets on line 6a 2,728,470
7	Capital gain net income (from Part IV, line 2)...			170,123
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........	278,114		276,513
13	Compensation of officers, directors, trustees, etc.	54,400		27,200		27,200
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,143	4,572		4,571
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	6,031	3,950		2,081
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	37,565	37,565
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	107,139		73,287		33,852
25	Contributions, gifts, grants paid.......	115,110				115,110
26	Total expenses and disbursements. Add lines 24 and 25	222,249		73,287		148,962
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	55,865
b	Net investment income (if negative, enter -0-)			203,226
c	Adjusted net income (if negative, enter -0-)...				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.............	16,974	65,752	65,752
	2	Savings and temporary cash investments.........	37,669	38,314	38,314
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,233,975	List of Attached Documents: // Content 3,275,057	3,400,887
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	535,985	501,345	List of Attached Documents: // Content 501,345
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,824,603	3,880,468	4,006,298
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	3,824,603	3,880,468
	29	Total net assets or fund balances (see instructions).....	3,824,603	3,880,468
	30	Total liabilities and net assets/fund balances (see instructions).	3,824,603	3,880,468

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

3,824,603

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

55,865

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

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

3,880,468

Decreases not included in line 2 (itemize) right arrow

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

3,880,468

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	1234 SH AT&T INC	P	2023-01-12	2023-05-25
b	44 SH AFLAC INC	P	2023-01-12	2023-11-28
c	90 SH ALPHABET INC	P	2023-01-12	2023-04-24
d	43 SH ABBVIE INC	P	2023-01-12	2023-11-28
e	43 SH AMAZON INC	P	2023-01-12	2023-11-28
	580 SH ANNALY CAPITAL MGMT	P	2023-01-12	2023-01-17
	56 SH APPLE INC	P	2023-01-12	2023-11-28
	60 SH BANK OF AMERICA CORP	P	2023-01-12	2023-11-28
	44 SH BOOZ ALLEN HAMILTON	P	2023-01-12	2023-11-28
	18 SH CHEVRON CORP	P	2023-01-12	2023-11-28
	28 SH CITIGROUP INC	P	2023-01-12	2023-11-28
	75 SH CONCENTRIX	P	2023-01-12	2023-04-24
	28 SH COTERRA ENERGY INC	P	2023-01-12	2023-11-28
	51 SH CVS HEALTH CORP	P	2023-01-12	2023-11-28
	19 SH EOG RESOURCES INC	P	2023-01-12	2023-11-28
	231 SH EVERGY INC	P	2023-01-12	2023-01-17
	67 SH GARMIN LTD	P	2023-01-12	2023-12-14
	53 SH GILEAD SCIENCES INC	P	2023-01-12	2023-11-28
	14 SH HONEYWELL INTL INC	P	2023-01-12	2023-11-28
	28 SH HP INC	P	2023-01-12	2023-11-28
	364 SH INTERPUBLIC GRP COS	P	2023-01-12	2023-09-05
	2 SH LAM RESEARCH CORP	P	2023-01-12	2023-11-28
	291 SH LAMAR ADVERTISING CORP	P	2023-01-12	2023-09-08
	6 SH LOCKHEED MARTIN CORP	P	2023-01-17	2023-11-28
	86 SH L3HARRIS TECHNOLOGIES	P	2023-01-12	2023-01-17
	5 SH MASTERCARD INC	P	2023-01-12	2023-11-28
	44 SH MERCK & CO INC	P	2023-01-12	2023-11-28
	5 SH META PLATFORMS INC	P	2023-01-12	2023-11-28
	13 SH MICROSOFT CORP	P	2023-01-12	2023-11-28
	390 SH MOLSON COORS BEVERAGE	P	2023-01-12	2023-02-08
	8 SH NEXSTAR MEDIA GROUP	P	2023-01-12	2023-11-28
	12 SH NUCOR CORP	P	2023-01-12	2023-11-28
	220 SH NUTRIEN LTD	P	2023-01-17	2023-12-14
	174 SH ORACLE CORP	P	2023-01-12	2023-11-28
	111 SH PALO ALTO NETWORKS	P	2023-01-12	2023-12-14
	379 SH PFIZER INC	P	2023-06-21	2023-12-14
	21 SH PROCTOR & GAMBLE	P	2023-01-12	2023-11-28
	264 SH PULTEGROUP INC	P	2023-01-12	2023-11-28
	9 SH QUALCOMM INC	P	2023-02-08	2023-11-28
	189 SH STARBUCKS CORP	P	2023-01-12	2023-12-14
	5 SH TESLA INC	P	2023-01-12	2023-11-28
	68 SH THE COCA-COLA CO	P	2023-01-12	2023-11-28
	50 SH UNITEDHEALTH GROUP INC	P	2023-01-12	2023-11-28
	121 SH VALERO ENERGY GROUP	P	2023-01-12	2023-04-24
	380 SH WERNER ENTERPRISES	P	2023-01-17	2023-12-15
	11 SH WILLIAM SONOMA	P	2023-01-12	2023-11-28
	3156186 SH AMERICAN FUNDS EUROPACI	P	2020-01-01	2023-01-12
	2842836 SH DODGE & COX INTERNATION	P	2023-01-01	2023-01-12
	631303 SH DOUBLELINE LOW DURATION	P	2020-01-01	2023-11-28
	509251 SH FIDELITY 500 INDEX	P	2020-01-01	2023-01-12
	62396 SH GUGGENHEIM TOTAL RETURN B	P	2020-01-01	2023-01-12
	1284423 SH JP MORGAN LARGE CAP GRO	P	2020-01-01	2023-01-12
	3672256 SH MFS INTERNATIONAL GROWT	P	2020-01-01	2023-01-12
	4834081 SH MFS NEW DISCOVERY VALUE	P	2020-01-01	2023-01-12
	940789 SH PIMCO INCOME INSTL	P	2020-01-01	2023-01-12
	3496027 SH T ROWE PRICE US SMALL	P	2020-01-01	2023-11-28
	51 SH VITESSE ENERGY INC	P	2023-01-01	2023-03-06
	1200 SH VANGUARD VALUE ETF	P	2022-01-01	2023-01-12
	460 SH TECHNOLOGY SELECT SECTOR	P	2020-01-01	2023-01-12
	670 SH ISHARES MSCI USA MOMENTUM ET	P	2023-01-01	2023-01-12
	1400 SH ISHARES MSCI USA MIN VOL	P	2023-01-01	2023-01-12
	660 SH ISHARES 20 PLS YEAR	P	2023-01-01	2023-10-09
	10730 SH ISHARES IBONDS TERM	P	2023-01-01	2023-10-09
	1331 SH SPDR BLOOMBERG 1-3 MNTH TBL	P	2023-01-01	2023-12-14

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	18,784	23,983	-5,199
b	3,628	3,158	470
c	9,556	8,203	1,353
d	5,938	6,542	-604
e	5,049	4,089	960
	13,099	13,212	-113
	10,629	7,450	3,179
	1,772	2,073	-301
	5,550	4,204	1,346
	2,616	3,189	-573
	1,257	1,374	-117
	7,708	10,792	-3,084
	731	714	17
	3,534	4,549	-1,015
	2,347	2,490	-143
	15,817	14,766	1,051
	8,100	6,584	1,516
	3,947	4,512	-565
	2,724	3,021	-297
	802	799	3
	11,780	13,041	-1,261
	1,414	937	477
	25,833	29,664	-3,831
	2,701	2,693	8
	16,729	17,245	-516
	2,041	1,900	141
	4,408	4,900	-492
	1,686	685	1,001
	4,951	3,092	1,859
	20,034	19,609	425
	1,146	1,462	-316
	1,939	1,868	71
	12,201	16,888	-4,687
	16,010	15,416	594
	27,784	15,145	12,639
	9,876	15,092	-5,216
	3,200	3,144	56
	15,134	13,308	1,826
	1,135	1,190	-55
	18,527	20,009	-1,482
	1,228	614	614
	3,989	4,159	-170
	24,454	24,862	-408
	14,603	16,288	-1,685
	15,962	16,939	-977
	2,014	1,417	597
	164,743	159,982	4,761
	130,874	138,669	-7,795
	6,000	5,998	2
	703,724	573,981	129,743
	15,000	17,813	-2,813
	59,061	61,687	-2,626
	158,999	148,716	10,283
	86,955	72,347	14,608
	10,000	10,469	-469
	133,583	129,720	3,863
	993	776	217
	172,976	151,522	21,454
	59,713	48,236	11,477
	97,513	99,488	-1,975
	102,835	104,048	-1,213
	59,233	65,413	-6,180
	259,991	260,367	-376
	121,910	121,844	66

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	170,123
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	-20,160

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	2,825
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	0
3	Add lines 1 and 2...........................	3	2,825
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,825
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
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,825
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

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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? ................

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 .

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

The books are in care of right arrow

ANNA KEST Telephone no. right arrow

(917) 282-1750

Located at right arrow

5005 COLLINS AVENUEMIAMI BEACHFL ZIP+4 right arrow

33140

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ANNA KEST	PRESIDENT 40.00	0	0	0
5005 COLLINS AVENUE MIAMI BEACH,FL33140	PRESIDENT 40.00	0	0	0

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


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









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,317,431

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

79,354

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

535,985

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

3,932,770

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

3,932,770

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

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

58,992

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

3,873,778

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

193,689

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

193,689

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

2,825

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

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

2,825

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

190,864

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

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

190,864

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

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

190,864

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 ..........

148,962

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. .......

148,962

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7		190,864
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......	126,310
b Total for prior years:20 , 20, 20
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: $ 148,962
a Applied to 2022, but not more than line 2a	126,310
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.....		22,652
e Remaining amount distributed out of corpus
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
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 ..........		168,212
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 ......
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).)

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.

NONE

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

Check here right arrow

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

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

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

cAny submission deadlines:

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

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
YESHIVA OHAVEI TORAH 450 WEST 250TH STREET BRONX,NY10471	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	40,000
CHABAD OF RIVERDALE 535 WEST 246TH STREET BRONX,NY10471	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	3,500
YESHIVA OF TELSHE ALUMNI 4904 INDEPENDENCE AVENUE BRONX,NY10471	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	500
CONGREGATION ZICHRON MOSHE 1441 MONMOUTH AVENUE LAKEWOOD,NJ08701	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	350
YESHIVA RABBI SAMSON RAPHAEL HIRSCH 100 BENNETT AVENUE NEW YORK,NY10033	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	6,000
MIAMI BEACH COMMUNITY KOLLEL 3767 CHASE AVENUE MIAMI BEACH,FL33140	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	15,000
MANHATTAN HIGH SCHOOL FOR GIRLS 154 EAST 70TH STREET NEW YORK,NY10021	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	4,800
TORAH ACADEMY FOR GIRLS 444 BEACH 6TH STREET FAR ROCKAWAY,NY11691	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	3,500
TOMCHEI SHABBOS 16190 NE 11TH COURT MIAMI,FL33162	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	24,500
BAIS MEDRASH OF CLIFTON 108 PARK AVENUE PASSAIC,NJ07055	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	7,000
CONGREGATION BNAI ISRAEL 4815 AVENUE I BROOKLYN,NY11234	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	360
CONGREGATION AHAVAS CHESED 3005 AVENUE L BROOKLYN,NY11210	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	1,000
MASORES BAIS YAAKOV 1395 OCEAN AVENUE BROOKLYN,NY11230	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	3,600
KOLLEL INTERNATIONAL INC 212 CENTRAL AVENUE LAKEWOOD,NJ08701	NONE	PC	PUBLIC SUPPORT OFORGANIZATION MISSION	5,000
Total ................................. 3a				115,110

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	104,933
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 ............
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) ..				104,933

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

104,933

(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 SHAMAYIM FOUNDATION

EIN:

46-3006123

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
PAYROLL PROCESSING FEES	1,043	522	521
TAX PREPARATION FEES	7,650	3,825	3,825
BOOKKEEPING FEES	450	225	225

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE SHAMAYIM FOUNDATION

EIN:

46-3006123

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CHARLES SCHWAB	3,275,057	3,400,887

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE SHAMAYIM FOUNDATION

EIN:

46-3006123

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
FOREX HOLDING FUNDS	34,640	0	0
FOREIGN INVESTMENT PROPERTY	501,345	501,345	501,345

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE SHAMAYIM FOUNDATION

EIN:

46-3006123

Description	Revenue and Expenses per Books	Net Investment Income
INVESTMENT ADVISORY FEES	32,950	32,950
ADR FEES	16	16
INSURANCE	4,599	4,599

- TIN:

TY 2023 TaxesSchedule

Name:

THE SHAMAYIM FOUNDATION

EIN:

46-3006123

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
PAYROLL TAXES	4,162	2,081	2,081
FOREIGN TAX PAID	1,458	1,458	0
TAX EXPENSE	411	411	0