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
B & W FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)771 HILLVIEW ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MALVERN, PA19355
A Employer identification number

46-4350655
B Telephone number (see instructions)

(610) 644-7800
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$2,633,458J 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) 410
2 Check right arrow.............
3 Interest on savings and temporary cash investments 458 458  
4 Dividends and interest from securities... 36,255 36,255  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 222,011
b Gross sales price for all assets on line 6a 838,101
7 Capital gain net income (from Part IV, line 2)... 222,011
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........ 259,134 258,724  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,306 4,306   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
21,925 21,925   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,689 183   0
19 Depreciation (attach schedule) and depletion...      
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
2,008 8   2,000
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,928 26,422   2,000
25 Contributions, gifts, grants paid....... 121,022 121,022
26 Total expenses and disbursements. Add lines 24 and 25 152,950 26,422   123,022
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 106,184
b Net investment income (if negative, enter -0-) 232,302
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............. 34,872 37,699 37,699
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,705,638 Click to see attachment
List of Attached Documents:
// Content
1,808,509 		2,595,759
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,740,510 1,846,208 2,633,458
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 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 1,740,510 1,846,208
29 Total net assets or fund balances (see instructions)..... 1,740,510 1,846,208
30 Total liabilities and net assets/fund balances (see instructions). 1,740,510 1,846,208
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
1,740,510
2
Enter amount from Part I, line 27a .....................
2
106,184
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,846,694
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
486
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,846,208
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 MERRILL LYNCH - 2624 P 2023-01-01 2023-12-31
b MERRILL LYNCH - 2624 P 2022-12-01 2023-12-31
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 180,457   182,631 -2,174
b 657,243   433,459 223,784
c 401     401
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -2,174
b       223,784
c       401
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 222,011
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 3,229
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 3,229
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 3,229
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,040
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 2,040
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 1,189
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
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 arrowPA
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 arrowN/A
14
The books are in care ofright arrowEISNER ADVISORY GROUP LLC Telephone no.right arrow (215) 881-8800

Located atright arrow130 NORTH 18TH STREET SUITE 3000PHILADELPHIAPA ZIP+4right arrow191032757
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
GILBERT WEISMAN DIRECTOR
1.00 		0 0 0
771 HILLVIEW ROAD
MALVERN,PA19355
ALANE BECKET DIRECTOR
1.00 		0 0 0
771 HILLVIEW ROAD
MALVERN,PA19355
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...................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  
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
2,433,339
b
Average of monthly cash balances.......................
1b
50,102
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,483,441
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
2,483,441
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
37,252
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,446,189
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
122,309
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
122,309
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,229
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,229
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
119,080
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
119,080
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
119,080
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
123,022
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
123,022
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 7 119,080
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 121,022
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 123,022
a Applied to 2022, but not more than line 2a 121,022
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..... 2,000
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		117,080
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
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:
ALANE BECKET
771 HILLVIEW ROAD
MALVERN,PA19353
(610) 644-6469
bThe form in which applications should be submitted and information and materials they should include:
APPLICANT'S OWN LETTER DESCRIBING CHARITABLE OR EXEMPT PURPOSE.
cAny submission deadlines:
NONE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE, PROVIDED THAT THE ORGANIZATION QUALIFIES UNDER IRC SECTION 501(C)(3).
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

ACLU FOUNDATION

125 BROAD STREET
NEW YORK,NY10004 		NONE PC UNRESTRICTED 4,500

AMERICAN COLLEGE OF BANKRUPTCY

11350 RANDOM HILLS ROAD
FAIRFAX,VA22030 		NONE PC UNRESTRICTED 250

AMERICAN RED CROSS

237 COURT ST
READING,PA19601 		NONE PC UNRESTRICTED 4,000

AMAZON WATCH

520 3RD STREET SUITE 108
OAKLAND,CA94607 		NONE PC UNRESTRICTED 5,000

CENTER FOR DISASTER PHILANTHROPY

ONE THOMAS CIRCLE NW SUITE 700
WASHINGTON,DC20005 		NONE PC UNRESTRICTED 4,500

CENTRAL PENNSYLVANIA FOOD BANK

3908 COREY ROAD
HARRISBURG,PA17109 		NONE PC UNRESTRICTED 4,500

BRADY UNITED

840 FIRST STREET NE SUITE 400
WASHINGTON,DC20002 		NONE PC UNRESTRICTED 5,000

CLEAN AIR TASK FORCE

SUITE 300 135 S 19TH STREET
PHILADELPHIA,PA19103 		NONE PC UNRESTRICTED 5,000

BRANDYWINE VALLEY SPCA

1212 PHOENIXVILLE PIKE
WEST CHESTER,PA19380 		NONE PC UNRESTRICTED 2,772

CORAL REEF ALLIANCE

548 MARKET STREET STE 29802
OAKLAND,CA94104 		NONE PC UNRESTRICTED 5,000

CRISIS AID INTERNATIONAL

PO BOX 510167
SAINT LOUIS,MO63151 		NONE PC UNRESTRICTED 4,500

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		NONE PC UNRESTRICTED 4,500

DOCTORS WITHOUT BORDERS USA

40 RECTOR ST
NEW YORK,NY10006 		NONE PC UNRESTRICTED 4,000

ECKERD COLLEGE

4200 54TH AVE SOUTH
SAINT PETERBURG,FL33711 		NONE PC UNRESTRICTED 3,000

FAMILY PROMISE OF SO CHESTER COUNTY

1156 WEST BALTIMORE PIKE BOX 394
KENNETT SQUARE,PA19348 		NONE PC UNRESTRICTED 4,500

BRIDGE OF HOPE INC

1 NORTH BACTON HILL ROAD
MALVERN,PA19355 		NONE PC UNRESTRICTED 1,000

CHARITY NAVIGATOR

299 MARKET STREET SUITE 250
SADDLE BROOK,NJ07663 		NONE PC UNRESTRICTED 1,500

CLIMATE REALITY PROJECT

555 12TH STREET NW SUITE 350
WASHINGTON,DC20004 		NONE PC UNRESTRICTED 5,000

FALLEN PATRIOTS FOUNDATION

1818 LIBRARY ST SUITE 500
RESTON,VA20190 		NONE PC UNRESTRICTED 4,000

FEEDING AMERICA

1627 I ST NW
WASHINGTON,DC20006 		NONE PC UNRESTRICTED 5,000

LEGACY OF LIFE FOUNDATION

25 S MAIN ST
YARDLEY,PA19067 		NONE PC UNRESTRICTED 1,000

PLANNED PARENTHOOD FEDERATION OF AMERICA

123 WILLIAM STREET
NEW YORK,NY10038 		NONE PC UNRESTRICTED 5,000

MALVERN FIRE COMPANY

424 E KING ST
MALVERN,PA19355 		NONE PC UNRESTRICTED 1,000

MALVERN PUBLIC LIBRARY

1 E 1ST AVE2
MALVERN,PA19355 		NONE PC UNRESTRICTED 2,500

MOTHERS HOME

51 N MACDADE BLVD
DARBY,PA19023 		NONE PC UNRESTRICTED 2,500

NATIONAL AUDUBON SOCIETY

224 VARICK ST
NEW YORK,NY10014 		NONE PC UNRESTRICTED 5,000

ONEREEF WORLDWIDE STEWARDSHIP

114 OAK KNOLL DRIVE
SANTA CRUZ,CA95060 		NONE PC UNRESTRICTED 5,000

WILLISTOWN CONSERVATON TRUST INC

925 PROVIDENCE ROAD
NEWTOWN SQUARE,PA19073 		NONE PC UNRESTRICTED 2,500

WOODWELL CLIMATE RESEARCH CENTER

149 WOODS HOLE ROAD
FALMOUTH,MA02540 		NONE PC UNRESTRICTED 5,000

PENNSYLVANIA HOME OF THE SPARROW

969 SWEDESFORD ROAD
EXTON,PA19341 		NONE PC UNRESTRICTED 2,500

PHILADELPHIA CHILDRENS ALLIANCE

300 E HUNTING PARK AVE
PHILADELPHIA,PA19124 		NONE PC UNRESTRICTED 1,000

PHOENIXVILLE AREA COMMUNITY SERVICES INC

101 BUCHANAN ST
PHOENIXVILLE,PA19460 		NONE PC UNRESTRICTED 2,000

SACRED HEART UNIV

5151 PARK AVE
FAIRFIELD,CT06825 		NONE PC UNRESTRICTED 1,000

SEA SHEPHERD CONSERVATION SOCIETY

PO BOX 8628
ALEXANDRIA,VA22306 		NONE PC UNRESTRICTED 5,000

WEST CHESTER FOOD CUPBOARD

431 S BOLMAR ST
WEST CHESTER,PA19382 		NONE PC UNRESTRICTED 2,500
Total .................................right arrow 3a 121,022
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 ........... 		    14 458  
4 Dividends and interest from securities ....     14 36,255  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 222,011  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 258,724 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
258,724
(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:
B & W FAMILY FOUNDATION
EIN:
46-4350655
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 4,306 4,306   0

TY 2023 InvestmentsCorpStockSchedule
Name:
B & W FAMILY FOUNDATION
EIN:
46-4350655
Name of Stock End of Year Book Value End of Year Fair Market Value
33 SHS OF ANSYSINC 4,916 11,975
76 SHS OF ACCENTURE PLC 17,174 26,669
22 SHS OF ADOBE 13,172 13,125
97 SHS OF AKAMAI 6,178 11,480
71 SHS OF ALBANY INTL CRP 5,298 6,974
59 SHS OF ALBEMARLE CORP 6,163 8,524
111 SHS OF ALPHABET CL C 4,036 15,643
552 SHS OF ALPHABET CL A 28,116 77,109
536 SHS OF AMAZON 49,752 81,440
151 SHS OF AMER EXPRESS 25,231 28,288
150 SHS OF AMETEK 16,182 24,734
96 SHS OF AON PLC 22,687 27,938
254 SHS OF APPLE 35,097 48,903
76 SHS OF APPLIED MATERIAL 8,589 12,317
788 SHS OF ARCHROCK 4,092 12,135
79 SHS OF ARROW ELECTRONICS 6,804 9,658
23 SHS OF BIO RAD LABS 5,262 7,426
198 SHS OF BORG WARNER INC 8,052 7,098
82 SHS OF BOSTON PPTYS 7,251 5,754
499 SHS OF BOSTON SCIENTIFIC 20,221 28,847
105 SHS OF CABOT CORP 5,295 8,768
82 SHS OF CADENCE DESIGN SYS 15,127 22,334
146 SHS OF CBRE GROUP 4,955 13,591
94 SHE OF CENTENE CORP 2,817 6,976
175 SHS OF CF INDS HLDGS 5,828 13,913
111 SHS OF CHUBB 15,800 25,086
133 SHS OF CIGNA CORP 27,190 39,827
98 SHS OF CIRRUS LOGIC 5,944 8,153
113 SHS OF COLGATE 8,986 9,007
886 SHS OF COMCAST 31,978 38,851
313 SHS OF CONOCOPHILLIPS 21,193 36,330
161 SHS OF COSTAR GROUP 12,982 14,070
84 SHS OF CRACKER BAREL 9,950 6,475
77 SHS OF D R HORTON 4,281 11,702
59 SHS OF DARDEN 4,121 9,694
116 SHS OF DIAGEO PLC 18,223 16,897
102 SHS OF DIODES 5,787 8,213
411 SHS OF DOMINION ENERGY 27,789 19,317
293 SHS OF DUKE ENERGY 25,875 28,433
103 SHS OF EASTMAN CHEMICAL 8,950 9,251
95 SHS OF EATON CORP 10,126 22,878
73 SHS OF FIRSTCASH HLDGS 4,284 7,912
206 SHS OF FORMFACTOR 7,758 8,592
109 SHS OF GATX CORP 6,777 13,104
155 SHS OF HEXCEL CORP 5,936 11,431
155 SHS OF HOLOGIC INC 7,489 11,075
128 SHS OF HONEYWELL 17,913 26,843
108 SHS OF HOULIHAN LOKEY 5,345 12,950
35 SHS OF HUNTINGTON INGALLS 3,889 9,087
84 SHS OF ILLINOIS TOOL 12,647 22,003
21 SHS OF INTUIT INC 4,241 13,126
123 SHS OF J & J 17,937 19,279
252 SHS OF JPMORGAN 24,089 42,865
410 SHS OF KEYCORP 6,003 5,904
23 SHS OF LAM RESEARCH 11,052 18,015
124 SHS OF LOWE'S 21,233 27,596
119 SHS OF MARSH MCCLENNAN 12,350 22,547
88 SHS OF MASTERCARD 20,849 37,533
66 SHS OF MCKESSON 12,882 30,557
18 SHS OF MSCI 4,682 10,182
394 SHS OF MICROSOFT 48,631 148,160
24 SHS OF MONOLITHIC 1,567 15,139
87 SHS OF MOOG INC 5,593 12,596
332 SHS OF MYRIAD 5,125 6,354
346 SHS OF NASDAQ 10,372 20,116
209 SHS OF NESTLE 17,091 24,167
45 SHS OF NORTHROP 14,580 21,066
61 SHS OF NXP 11,491 14,010
182 SHS OF ON SEMICONDUCTOR 2,143 15,202
308 SHS OF PENN ENTER 8,434 8,014
99 SHS OF PEPSICO 13,838 16,814
30 SHS OF PIONEER NATURAL 7,204 6,746
89 SHS OF PNC 11,359 13,782
102 SHS OF RAYMOND JAMES 3,780 11,373
83 SHS OF REINSURNCE GROUP 8,261 13,428
56 SHS OF REPUBLIC SERVICE 2,286 9,235
99 SHS OF RYDER SYSTEM 3,853 11,391
41 SHS OF SBA COMMUNICATION 6,679 10,401
27 SHS OF SERVICE NOW 13,543 19,075
167 SHS OF SMITH A O CORP 9,301 13,767
42 SHS OF SNAP ON INC 6,104 12,131
166 SHS OF SONOCO 8,985 9,274
367 SHS OF SOUTHERN CO. 21,138 25,734
151 SHS OF STERICYCLE INC 8,483 7,484
30 SHS OF TELEDYNE TECH 3,367 13,389
120 SHS OF UNION PACIFIC 19,874 29,474
124 SHS OF VERISK 27,099 29,619
180 SHS OF VISA 31,167 46,863
54 SHS OF WEC ENERGY 2,732 4,545
82 SHS OF WOODWARD 5,165 11,163
41 SHS OF ZOETIS INC 7,746 8,092
319 SHS OF BOX INC 8,184 8,170
254 SHS OF DUPONT 19,361 19,540
79 SHS OF HILTON 11,263 14,385
255 SHS OF KKR CO. INC 16,822 21,127
69 SHS OF MARRIOTT 10,954 15,560
258 SHS OF MORGAN STANLEY 20,695 24,059
196 SHS OF PROGRESSIVE 19,515 31,219
109 SHS OF VULCAN 17,757 24,744
50 SHS OF CHARLES RIVER LABS 10,537 11,820
77 SHS OF CONMED CORP 7,538 8,432
54 SHS OF GARTNER INC 15,817 24,360
103 SHS OF GENL DYNAMICS CORP 23,203 26,746
30 SHS OF KLA CORP 10,383 17,439
11 SHS OF O'REILLY AUTOMOTIVE 8,968 10,451
898 SHS OF PFIZER INC 39,090 25,853
267 SHS PROLOGIS INC 31,734 35,591
312 SHS OF SPIRIT AEROSYSTEMS 10,199 9,915
164 SHS OF TARGET CORP 24,662 23,357
71 SHS OF VERTEX PHARMCTLS 19,114 28,889
162 SHS OF WEBSTER FINL 6,252 8,223
215 SHS OF UBER TECHNOLOGIES 12,995 13,238
114 SHS OF ABBVIE INC 16,996 17,667
145 SHS OF ANALOG DEVICES INC 24,216 28,791
38 SHS OF ASML HLDG 25,633 28,763
120 SHS OF CHEVRON CORP 17,231 17,899
311 SHS OF CITIGROUP INC 15,613 15,998
235 SHS OF COPT DEFENSE PROPERTIES 5,712 6,023
60 SHS OF ELI LILLY 27,886 34,975
227 SHS OF HOWMET AEROSPACE 9,231 12,285
100 SHS OF INSPERITY INC 12,145 11,722
935 SHS OF KENVUE INC 21,574 20,131
44 SHS OF LINDE PLC 15,509 18,071
156 SHS OF META PLATFORMS 43,379 55,218
116 SHS OF NVIDIA 38,380 57,446
124 SHS OF PACCAR INC 10,500 12,109
134 SHS OF PAPA JOHNS 10,842 10,215
166 SHS OF QIAGEN NV 7,453 7,209
229 SHS OF RTX CORP 18,956 19,268
94 SHS OF SPOTIFY TECH 14,381 17,664
12 SHS OF SYNOPSYS INC 6,012 6,179

TY 2023 OtherDecreasesSchedule
Name:
B & W FAMILY FOUNDATION
EIN:
46-4350655
Description Amount
UNREALIZED LOSS 486


TY 2023 OtherExpensesSchedule
Name:
B & W FAMILY FOUNDATION
EIN:
46-4350655
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 8 8   0
POSTAGE/OFFICE EXPENSE/MISC 2,000 0   2,000


TY 2023 OtherProfessionalFeesSchedule
Name:
B & W FAMILY FOUNDATION
EIN:
46-4350655
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 21,925 21,925   0


TY 2023 TaxesSchedule
Name:
B & W FAMILY FOUNDATION
EIN:
46-4350655
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 183 183   0
FEDERAL EXCISE TAXES 3,506 0   0