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
AUSHERMAN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7420 HAYWARD ROAD 203
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FREDERICK, MD21702
A Employer identification number

20-4937263
B Telephone number (see instructions)

(301) 620-4477
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$20,899,943J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 210,390 210,390  
5a Gross rents............ 87,360 87,360  
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 713,865
b Gross sales price for all assets on line 6a 7,837,303
7 Capital gain net income (from Part IV, line 2)... 713,865
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,052 -1,407  
12 Total. Add lines 1 through 11........ 1,029,667 1,010,208  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 171,346 0   171,346
14 Other employee salaries and wages...... 240,645 0   240,645
15 Pension plans, employee benefits....... 15,909 0   15,909
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
721 0   721
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,000 0   11,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
83,897 73,517   10,380
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
61,571 15,099   46,388
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
210,694 209,551  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
530,429 -137,448   519,232
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,326,212 160,719   1,015,621
25 Contributions, gifts, grants paid....... 784,456 784,456
26 Total expenses and disbursements. Add lines 24 and 25 2,110,668 160,719   1,800,077
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,081,001
b Net investment income (if negative, enter -0-) 849,489
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............. 25,501 30,853 30,853
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow2,329
Less: allowance for doubtful accounts right arrow   2,972 2,329 2,329
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.......... 26,015 26,549 26,549
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,861,792 Click to see attachment
List of Attached Documents:
// Content
13,075,141 		13,075,141
14 Land, buildings, and equipment: basis right arrow8,757,628
Less: accumulated depreciation (attach schedule) right arrow992,557 7,975,766 Click to see attachment
List of Attached Documents:
// Content
7,765,071 		7,765,071
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,892,046 20,899,943 20,899,943
Liabilities 17 Accounts payable and accrued expenses.......... 1,169,128 1,178,188
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 78,284 78,284
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,000 		Click to see attachment
List of Attached Documents:
// Content
5,000
23 Total liabilities (add lines 17 through 22)......... 1,252,412 1,261,472
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 19,639,634 19,638,471
29 Total net assets or fund balances (see instructions)..... 19,639,634 19,638,471
30 Total liabilities and net assets/fund balances (see instructions). 20,892,046 20,899,943
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
19,639,634
2
Enter amount from Part I, line 27a .....................
2
-1,081,001
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,079,838
4
Add lines 1, 2, and 3 ..........................
4
19,638,471
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
19,638,471
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 - MORGAN STANLEY #0826      
b PUBLICLY TRADED SECURITIES - MORGAN STANLEY #0831      
c PUBLICLY TRADED SECURITIES - MORGAN STANLEY #2415      
d PUBLICLY TRADED SECURITIES - MORGAN STANLEY #2417      
e PUBLICLY TRADED SECURITIES - MORGAN STANLEY #2418      
PUBLICLY TRADED SECURITIES - MORGAN STANLEY #9525      
PUBLICLY TRADED SECURITIES - MORGAN STANLEY #9860      
PUBLICLY TRADED SECURITIES - MORGAN STANLEY #9883      
PUBLICLY TRADED SECURITIES - MORGAN STANLEY #3778      
FROM K-1 ARTHUR STREET FUND P    
FROM K-1 PATRIOT CAPITAL III P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 741,318   774,684 -33,366
b 812,587   631,968 180,619
c 780,326   762,683 17,643
d 253,516   300,653 -47,137
e 369,121   446,845 -77,724
2,501,396   2,555,063 -53,667
1,259,316   710,446 548,870
413,506   370,825 42,681
688,845   570,000 118,845
187     187
    271 -271
17,185     17,185
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       -33,366
b       180,619
c       17,643
d       -47,137
e       -77,724
      -53,667
      548,870
      42,681
      118,845
      187
      -271
      17,185
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 2 713,865
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 11,808
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 11,808
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 11,808
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 31,329
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,329
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 19,521
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow19,521 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMD
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.AUSHERMANFAMILYFOUNDATION.ORG
14
The books are in care ofright arrowLAURA LEBO Telephone no.right arrow (301) 620-4477

Located atright arrow7420 HAYWARD ROAD SUITE 203FREDERICKMD ZIP+4right arrow21702
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MARVIN E AUSHERMAN TRUSTEE/CHAIRMAN/FOUNDER
3.00 		0 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
JUSTIN E AUSHERMAN TRUSTEE/VICE CHAIR/SECRETARY
3.00 		0 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
JOSEPH S WELTY TRUSTEE
3.00 		0 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
RENEE AUSHERMAN TRUSTEE/TREASURER
3.00 		0 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
LEIGH ADAMS EXECUTIVE DIRECTOR
40.00 		171,346 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
DR DENISE ROLLINS TRUSTEE
3.00 		0 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
TAMMIE WORKMAN TRUSTEE
3.00 		0 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
JOSHUA PEDERSON TRUSTEE
3.00 		0 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
JEREMY HOLDER TRUSTEE
3.00 		0 0 0
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
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
KATHRYN VICERE DIRECTOR OF COMMUNIT
40.00 		92,423 0 0
7026 EAGLEHEAD DRIVE
NEW MARKET,MD21774
LORI PERKINS GRANTS MANAGER
40.00 		85,435 0 0
2603 BEAR DEN RD
FREDERICK,MD21701
CAYLEE WINPIGLER ADMINISTRATIVE ASSIS
40.00 		62,787 0 0
23 HOWARD ST APT 5
THURMONT,MD21788
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 MAINTENANCE AND OPERATING EXPENSES FOR BUILDINGS FOR CHARITABLE USE 85,364
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
12,814,783
b
Average of monthly cash balances.......................
1b
49,585
c
Fair market value of all other assets (see instructions)................
1c
267,785
d
Total (add lines 1a, b, and c).........................
1d
13,132,153
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
13,132,153
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
196,982
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,935,171
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
646,759
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
646,759
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
11,808
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
361
c
Add lines 2a and 2b............................
2c
12,169
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
634,590
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
634,590
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
634,590
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
1,800,077
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,800,077
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 7 634,590
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 865,236
b From 2019...... 8,294,358
c From 2020...... 930,002
d From 2021...... 287,344
e From 2022...... 927,626
f Total of lines 3a through e ........ 11,304,566
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,800,077
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 634,590
e Remaining amount distributed out of corpus 1,165,487
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 12,470,053
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		865,236
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		11,604,817
10 Analysis of line 9:
a Excess from 2019.... 8,294,358
b Excess from 2020.... 930,002
c Excess from 2021.... 287,344
d Excess from 2022.... 927,626
e Excess from 2023.... 1,165,487
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
LORI PERKINS GRANTS COORDINATOR AUS
7420 HAYWARD ROAD SUITE 203
FREDERICK,MD21702
(301) 620-4443
bThe form in which applications should be submitted and information and materials they should include:
VISIT WWW.AUSHERMANFAMILYFOUNDATION.ORG, CHOOSE "GRANT APPLICATION", AND FOLLOW INSTRUCTIONS PROVIDED.
cAny submission deadlines:
SUBMISSIONS WILL BE REVIEWED BY THE PHILANTHROPIC COMMITTEE THAT MEETS SIX TIMES EACH YEAR
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GLOBAL FUNDS ARE AVAILABLE, BUT LIMITED. 90% OF THE FUNDS AVAILABLE MUST BENEFIT FREDERICK COUNTY, MD.
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

AFRICAN AMERICAN RESOURCES

PO BOX 3903
FREDERICK,MD21705 		NONE PUBLIC CHARITY GENERAL OPERATING, SUPPORT FOR UNITY BALL, BACK OFFICE SUPPORT 6,800

ALZHEIMER'S ASSOCIATION

1850 YORK ROAD STE D
TIMONIUM,MD21093 		NONE PUBLIC CHARITY 2023 WALK TO END ALZHEIMER'S 1,550

AMERICA'S JUNIOR MISS SCHOLARSHIP FOUNDATION INC

751 GOVERNMENT ST
MOBILE,AL36602 		NONE PC DISTINGUISHED YOUNG WOMEN - FK 1,500

ASBURY UNITED METHODIST CHURCH

101 W ALL SAINTS STREET
FREDERICK,MD21702 		NONE PC BLOCK PARTY SUPPORT 1,500

ASSOCIATION OF FUNDRAISING PROFESSIONALS

4300 WILSON BLVD STE 300
ARLINGTON,VA22203 		NONE PC NATIONAL PHILANTHROPY DAY 2023 1,000

BASKETBALL COACHES WITHOUT BOUNDARIES INC

PO BOX 3528
FREDERICK,MD21705 		NONE PC GENERAL OPERATING SUPPORT 1,000

BLUE COLLAR PROJECT INC

4304 MOUNTVILLE ROAD
JEFFERSON,MD21755 		NONE PC GENERAL OPERATING COSTS 360

BOYS AND GIRLS CLUB OF FREDERICK COUNTY

413 BURCK STREET
FREDERICK,MD21701 		NONE PC 2023 TOUR DE FREDERICK SPONSOR, LEADERSHIP COACHING 3,500

CENTRO HISPANO DE FREDERICK

PO BOX 341
FREDERICK,MD217050341 		NONE PC FESTIVAL SUPPORT, BACK OFFICE SUPPORT 6,100

CHANGE THE CONVERSATION INC

1925 OLD VALLEY ROAD SUITE 3
STEVENSON,MD21153 		NONE PC GENERAL OPERATING, PREVENTION WORK 5,515

CHILDREN IN NEED INC

131 W NORTH AVENUE
HAGERSTOWN,MD21740 		NONE PC GENERAL OPERATING 500

CITY YOUTH MATRIX CORP

22 SOUTH MARKET STREET 15
FREDERICK,MD21701 		NONE PC GENERAL OPERATING 500

COLOR ON THE CREEK

1509 HOMESTEAD AVE
FREDERICK,MD21702 		NONE PC WINTER SOLSTICE ARTIC/STARRY 2,250

COMMUNITY FOUNDATION OF FREDERICK

312 E CHURCH ST
FREDERICK,MD21701 		NONE PC DISTINGUISHED YOUNG WOMEN - FK, MONOCACY FOUNDATION DEVELOPMENT, THANK YOU FOR YOUR HELP 4,500

COMMUNITY OF GRACE ORGANIZATION INC

1533 LAUREL WOOD WAY
FREDERICK,MD21701 		NONE PC COMMUNITY OF GRACE 5,000

DOWNTOWN FREDERICK PARTNERSHIP

19 E CHURCH ST
FREDERICK,MD21701 		NONE PC LIGHT FUND 500

EACH 1 TEACH 1 INC

PO BOX 4143
FREDERICK,MD21705 		NONE PC EXECUTIVE DIRECTOR & BOARD DEV, GENERAL OPERATING, 2023 NONPROFIT SUMMARY 10,750

FIRST MISSIONARY BAPTIST CHURCH

6430 JEFFERSON PIKE
FREDERICK,MD21703 		NONE PC FOOD PANTRY 1,500

FLY FISHERS INTERNATIONAL INC

1201 US HIGHWAY 10 W STE E 11
LIVINGSTON,MT590479022 		NONE PC LESSONS WITH VETERANS - FK, NONPROFIT SUMMARY 750

FMH HURWITZ BREAST CANCER FUND

1 SOUTH MARKET STREET
FREDERICK,MD21701 		NONE PC PINK RIBBON FREDERICK 500

FREDERICK ARTS COUNCIL INC

3 N COURT STREET STE 2A
FREDERICK,MD21701 		NONE PC BRUNSWICK ARCHWAY, NEW SPIRE ARTS MURAL, PUBLIC ART PROGRAM, THURMONT MURAL 134,700

FREDERICK COMMUNITY COLLEGE

7932 OPPOSSUMTOWN PIKE
FREDERICK,MD21702 		NONE PC SPONSORSHIP 2024 ASPIRE 5,000

FREDERICK COUNTY CAREER AND TECHNOLOGY CENTER

7922 OPPOSSUMTOWN PIKE
FREDERICK,MD21702 		NONE PC SCHOOLS NEXT 750

FREDERICK COUNTY HEALTH CARE COALITION INC

350 MONTEVUE LANE
FREDERICK,MD21702 		NONE PC ACHIEVING HEALTH EQUITY 49,500

FREDERICK COUNTY HUMANE SOCIETY

PO BOX 3185
FREDERICK,MD21705 		NONE PC GENERAL OPERATING, SHANKLIN FUND FOR SENIORS 4,000

FREDERICK COUNTY PUBLIC SCHOOLS

191 S EAST STREET
FREDERICK,MD21701 		NONE PC SPECIAL ED STAFF APPRECIATION, SPECIAL EDUCATION DEPARTMENT 1,000

FREDERICK FRIENDS OF OUR COUNTY ANIMAL SHELTER

132 W SECOND STREET
FREDERICK,MD21701 		NONE PC GENERAL OPERATING 2,500

FREDERICK UNION RESCUE MISSION

PO BOX 3389
FREDERICK,MD21705 		NONE PC DIAPERS, FOOD BANK SUPPLIES, GENERAL OPERATING 24,500

FREDERICK STEPPERS YOUTH GROUP

5247 IVYWOOD DR SOUTH
FREDERICK,MD21703 		NONE PC PROMOTING HEALTHY HEALTH 5,000

FREDERICK SYMPHONY ORCHESTRA INC

7932 OPOSSUMTOWN PIKE
FREDERICK,MD21702 		NONE PC GENERAL OPERATING 1,200

FRIENDS OF CHILD ADVOCACY

PO BOX 3344
FREDERICK,MD21705 		NONE PC GENERAL OPERATING 2,000

FRIENDS OF CUNNINGHAM FALLS AND GAMBRILL STATE PARKS

14039 CATOCTIN HOLLOW ROAD
THURMONT,MD21788 		NONE PC OUTDOOR FAMILY EXPERIENCES 2,000

GET KIDS OUTSIDE

3810 AUSHERMAN ROAD
KNOXVILLE,MD21758 		NONE PC GENERAL OPERATING 2,250

HIPPODROME FOUNDATION INC

416 WEST BALTIMORE
BALTIMORE,MD21201 		NONE PC GENERAL OPERATING 10,000

HONORS CLASS INC

2403 SHAKER LN
FREDERICK,MD21702 		NONE PC GENERAL OPERATING 2,000

HOOD COLLEGE

401 ROSEMONT AVE
FREDERICK,MD21701 		NONE PC DATA DRIVEN FREDERICK, HOOD HELLO FUND, JAZZ ENSEMBLE 40,300

HOUSING AUTHORITY OF THE CITY

209 MADISON ST
FREDERICK,MD21701 		NONE PC SCHOLARS IN MOTION 5,000

IS REAL LIFE CENTER INC

141 S POTOMAC STREET
HAGERSTOWN,MD21740 		NONE PC IS REAL LIFE 5,000

LITERACY COUNCIL OF FREDERICK

110 E PATRICK STREET
FREDERICK,MD21701 		NONE PC YEAR 1 BACK OFFICE SUPPORT 6,000

MARYLAND ENSEMBLE THEATRE

31 W PATRICK STREET
FREDERICK,MD21701 		NONE PC GENERAL OPERATING, THANK YOU ANGELS IN AMERICA 3,600

MENTAL HEALTH ASSOCIATION

226 SOUTH JEFFFERSON STREET
FREDERICK,MD21701 		NONE PC CALL CENTER, STAFF APPRECIATION 185,772

MISSION OF MERCY

22 S MARKET STREET SUITE 6D
FREDERICK,MD21701 		NONE PC 2023 CLAY SHOOT 2,500

MOTHER SETON SCHOOL

2215 GREENMOUNT AVENUE
BALTIMORE,MD21218 		NONE PC EMERGENCY KITCHEN EQUIPMENT 2,500

MOVING US FORWARD INCORPORATED

PO BOX 164
BUCKEYSTOWN,MD21717 		NONE PC GENERAL OPERATING 2,000

ON OUR OWN FREDERICK

331 W PATRICK STREET
FREDERICK,MD21701 		NONE PC 2023 FALL GALA 500

PALS PROGRAM

4965 GRUNDY WAY
DOYLESTOWN,PA18902 		NONE PC GENERAL OPERATING 6,000

PIEDMONT AUGUSTA FOUNDATION

2260 WRIGHTSBORO ROAD
AUGUSTA,GA309044764 		NONE PC HONOR OF OLIVIA GRISSETT 1,000

ROCKY MOUNTAIN ELK FOUNDATION

PO BOX 8249
MISSOULA,MT598078249 		NONE PC GENERAL OPERATIONS 1,000

SOS SAFE RIDE

122 E PATRICK STREET STE 114
FREDERICK,MD21701 		NONE PC OPERATING COSTS 2,500

SAINT JAMES SCHOOL INC

17641 COLLEGE ROAD
HAGERSTOWN,MD21740 		NONE PC DISCRETION OF FATHER DUNNAN 3,500

SECOND CHANCE GARAGE

528 N MARKET STREET
FREDERICK,MD21701 		NONE PC DISCRETION OF THE BOARD, EMPLOYEE MATCHING GIFT, GENERAL OPERATING, STRATEGIC PLANNING 9,200

SETON CENTER

226 EAST LINCOLN AVENUE
EMMITSBURG,MD21727 		NONE PC FOOD PANTRY 3,500

SHIP OF FREDERICK COUNTY

PO BOX 1629
FREDERICK,MD21702 		NONE PC BASIC MATERIALS NEEDS PROGRAM, CAP AND GOWNS, GENERAL OPERATING, PORTABLE CHARGERS, SNACKS, NETWORK 45,875

SLEEP IN HEAVENLY PEACE INC

PO BOX 390780
OMAHA,NE68139 		NONE PC GENERAL OPERATING 500

SPANISH SPEAKING COMMUNITY

329 S JEFFERSON ST
FREDERICK,MD21701 		NONE PC BINGO GALA, CRITICAL INTERVENTION 23,987

SPECTRUM SUPPORT INC

2 PARK CENTER COURT UNIT 3
OWINGS MILLS,MD21117 		NONE PC YOUTH EMPOWERMENT PROGRAM 50,000

SPIRES BRASS BAND INC

2519 ANGELL AVE
FREDREICK,MD21702 		NONE PC GENERAL OPERATING 600

ST JOHN'S CATHOLIC PREP

3989 BUCKEYSTOWN PIKE
BUCKEYSTOWN,MD21717 		NONE PC DISCRETION OF CHAIRMAN 2,000

STORY TAPESTRIES INC

19301 HEMPSTONE AVENUE
POOLESVILLE,MD20837 		NONE PC THANK YOU FOR NONPROFIT SUMMIT 250

SUPPORTING OLDER ADULTS

PO BOX 1603
FREDERICK MD,MD21702 		NONE PC GENERAL OPERATING 1,000

THE FREDERICK CENTER

PO BOX 3231
FREDERICK,MD21705 		NONE PC COLLABORATIVE IMPACT GRANT, GENERAL OPERATING, BACK OFFICE SUPPORT 18,100

THE FREDERICK CHILDREN'S CHORUS INC

10716 ETZLER MILL ROAD
WOODSBORO,MD21798 		NONE PC CAPACITY BUILDING 15,000

THE FREDERICK CHORALE

PO BOX 3009
FREDERICK,MD21705 		NONE PC GENERAL OPERATING 600

TGP GIVES INC

5283 CORPORATE DRIVE STE 100
FREDERICK,MD21703 		NONE PC FRED CO. AFRICAN AMERICAN PROJECT 750

THE LANDLESS THEATRE COMPANY

2628 WARREN WAY
FREDERICK,MD21701 		NONE PC GENERAL OPERATING 2,000

THE RELIGIOUS COALITION

27 DEGRANGE STREET
FREDERICK,MD21701 		NONE PC CHRISTMAS GIFTS 3,000

THURMONT HISTORICAL SOCIETY

11 N CHURCH STREET
THURMONT,MD21788 		NONE PC GENERAL OPERATING 600

TSERINGS FUND

PO BOX 4784
BOZEMAN,MT59772 		NONE PC GENERAL OPERATING 1,000

TURNERS BOXING GYM AND YOUTH DEVELOPMENT PROGRAM

801 N EAST STREET SUITE 4
FREDERICK,MD21701 		NONE PC YOUTH DEVELOPMENT PROGRAM 5,000

UMBRELLA PROJECT INC

3013 SANCTUARY LANE
FREDERICK,MD217016807 		NONE PC THANK YOU 2023 NONPROFIT SUMMIT 250

UNITED WAY OF FREDERICK COUNTY

629 NORTH MARKET ST
FREDERICK,MD21701 		NONE PC GENERAL OPERATING, MLK DAY OF SERVICE, UPDATED 2023 ALICE REPORT 4,645

UNIVERSITY OF NORTH TEXAS FOUNDATION INC

1155 UNION CR 311250
DENTON,TX76203 		NONE PC DR ALESHIA HAYES RESEARCH FUND 2,000

WALKERSVILLE SOUTHERN RAILROAD

PO BOX 651
WALKERSVILLE,MD21793 		NONE PC THANK YOU FOR HOSTING 1,000

WEBER STATE UNIVERSITY

3850 DIXON PKWY DEPT 1021
OGDEN,UT84408 		NONE PC SCHOLARSHIPS FOR WALKER INSTITUTE 2,000

WE DREAM INC

1819 BIRD RUN
FREDERICK,MD21702 		NONE PC GENERAL OPERATING 500

WEINBERG CENTER FOR THE ARTS

20 WEST PATRICK STREET
FREDERICK,MD21701 		NONE PC TIVOLI SOCIETY 2,000

WHOLE HEART GRIEF & LIFE RESOURCE CENTER

PO BOX 3500
FREDERICK,MD21705 		NONE PC FREDERICK COMMUNITY COALITION 5,000

WOMEN SOLVE

6115 YEAGER DRIVE
NEW MARKET,MD21774 		NONE PC GENERAL OPERATING 7,000

XI XI LAMBDA FOUNDATION INC

2186 TUSCARORA DR
FREDERICK,MD217022842 		NONE PC GENERAL EXPENSES DIRECTED BY XI XI LAMBDA FOUNDATION CA 2,000

YELLOW SPRINGS ELEMENTARY SCHOOL PTA

8717 YELLOW SPRINGS ROAD
FREDERICK,MD21702 		NONE PC PTA END OF YEAR COMMUNITY EVENT 452

YMCA OF FREDERICK COUNTY

1000 N MARKET ST
FREDERICK,MD21701 		NONE PC GOLF TOURNAMENT SIGN SPONSOR, SUMMER PROGRAMMING SCHOLARSHIP, GENERAL OPERATING 5,500
Total .................................right arrow 3a 784,456
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 210,390  
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 .....     01    
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 713,865  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPATRIOT CAPITAL II, LP 		900003 -310 14 0  
bPENN SQUARE GLOBAL REAL ESTATE FUND I, LP 900003 0 14 -235  
cPATRIOT CAPITAL III SBIC, LP 900003 19,600 14 -40  
dARTHUR STREET FUND IV, LP 900003 169 14 -1,132  
e
12 Subtotal. Add columns (b), (d), and (e) .. 19,459 922,848 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
942,307
(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 AccountingFeesSchedule
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 11,000 0   11,000

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

TY 2023 DepreciationSchedule
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
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
117 E CHURCH - BUILDING 2019-07-01 330,569 43,087 SL 39.000000000000 8,476 8,476    
117 E CHURCH - IMPROVEMENTS 2019-07-01 20,000 2,330 SL 39.000000000000 513 513    
117 E CHURCH - LAND 2015-10-06 29,626   L   0 0    
115 E CHURCH - LAND 2015-10-06 371,618   L   0 0    
115 E CHURCH - BUILDING 2019-07-01 759,801 105,527 SL 39.000000000000 19,482 19,482    
15 W PATRICK ST - BUILDING & IMPROVEMENTS 2019-01-21 5,211,759 528,419 SL 39.000000000000 133,635 133,635    
15 W PATRICK ST - LAND 2019-01-21 178,275   L   0 0    
115 E CHURCH - IMPROVEMENTS 2019-07-01 107,073 14,868 SL 39.000000000000 2,745 2,745    
115 E CHURCH - IMPROVEMENTS 2019-07-01 4,125 480 SL 39.000000000000 106 106    
15 W PATRICK ST - EQUIPMENT 2021-12-15 5,715 1,143 SL 5.000000000000 1,143 0    
115 E CHURCH - IMPROVEMENTS 2021-01-01 1,218,299 61,175 SL 39.000000000000 31,238 31,238    
117 E CHURCH - IMPROVEMENTS 2019-12-31 268,698 18,636 SL 39.000000000000 6,890 6,890    
117 E CHURCH - PARKING ACCESS 2022-01-01 252,179 6,197 SL 39.000000000000 6,466 6,466    

TY 2023 InvestmentsOtherSchedule2
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENTS FMV 13,075,141 13,075,141

TY 2023 LandEtcSchedule2
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
115 E. CHURCH STREET 2,460,916 235,621 2,225,295 2,225,295
117 E. CHURCH STREET 901,072 92,595 808,477 808,477
15 W. PATRICK STREET 5,395,639 664,340 4,731,299 4,731,299


TY 2023 LegalFeesSchedule
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 721 0   721


TY 2023 OtherExpensesSchedule
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MEALS AND ENTERTAINMENT 6,001 0   6,001
EDUCATION AND TRAINING 19,245 0   19,245
REPAIR AND MAINTENANCE 6,152 0   6,152
DUES AND SUBSCRIPTIONS 17,992 0   17,992
PROMOTIONS 53,159 0   53,159
INSURANCE 4,016 0   4,016
BANK FEES 2,557 0   2,557
OFFICE 4,103 0   4,103
CHARITABLE PURPOSE RENTAL EXPENSES 205,837 0   57,192
COMMUNITY BENEFIT PROJECTS 297,815 0   297,815
NETWORK GRANTS 51,000 0   51,000
OFFICE EXPENSE 334 334   0
INSURANCE 4,707 4,707   0
LIMITATION ON INVESTMENT EXPENSES FROM CHARITABLE PURPOSE RENTAL REAL ESTATE -25,140 -25,140   0
REPAIRS & MAINTENANCE 821 821   0
CAM EXPENSES 2,344 2,344   0
INSURANCE 11,868 11,868   0
LIMITATION ON INVESTMENT EXPENSES FROM CHARITABLE PURPOSE RENTAL REAL ESTATE -54,494 -54,494   0
CAM EXPENSES 513 513   0
REPAIRS & MAINTENANCE 1,538 1,538   0
REPAIRS & MAINTENANCE 18,592 18,592   0
OFFICE EXPENSE 2,846 2,846   0
INSURANCE 8,487 8,487   0
LIMITATION ON INVESTMENT EXPENSES FROM CHARITABLE PURPOSE RENTAL REAL ESTATE -126,201 -126,201   0
CAM EXPENSES 13,151 13,151   0
AMORTIZATION 3,186 3,186   0


TY 2023 OtherIncomeSchedule2
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PATRIOT CAPITAL II, LP -310 0 -310
PENN SQUARE GLOBAL REAL ESTATE FUND I, LP -235 -235 -235
PATRIOT CAPITAL III SBIC, LP 19,560 -40 19,560
ARTHUR STREET FUND IV, LP -963 -1,132 -963


TY 2023 OtherIncreasesSchedule
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Description Amount
NET UNREALIZED GAIN FROM INVESTMENTS 1,079,838


TY 2023 OtherLiabilitiesSchedule
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Description Beginning of Year - Book Value End of Year - Book Value
TENANT SECURITY DEPOSIT 5,000 5,000


TY 2023 OtherProfessionalFeesSchedule
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT COUNSELING 10,380 0   10,380
INVESTMENT MANAGEMENT FEES 73,517 73,517   0


TY 2023 TaxesSchedule
Name:
AUSHERMAN FAMILY FOUNDATION
EIN:
20-4937263
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 901 901   0
PAYROLL TAXES 46,388 0   46,388
INCOME & EXCISE TAX 168 84   0
PROPERTY TAX 426 426   0
PROPERTY TAX 504 504   0
PROPERTY TAX 13,184 13,184   0