Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE DRESHER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)4940 CAMPBELL BOULEVARD 110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21236
A Employer identification number

52-1610465
B Telephone number (see instructions)

(410) 931-9050
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$63,662,614J 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... 1,061,594 1,061,594  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 164,428
b Gross sales price for all assets on line 6a 164,428
7 Capital gain net income (from Part IV, line 2)... 164,428
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
453,859 453,859  
12 Total. Add lines 1 through 11........ 1,679,881 1,679,881  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 161,367 0   161,367
14 Other employee salaries and wages...... 27,001 0   27,001
15 Pension plans, employee benefits....... 18,021 0   18,021
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
995 0   995
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
54,261 27,130   27,131
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
156,289 140,597   15,692
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
127,104 107,584   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 16,260 0   16,260
21 Travel, conferences, and meetings....... 3,242 0   3,242
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
39,161 244   38,665
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 603,701 275,555   308,374
25 Contributions, gifts, grants paid....... 2,749,498 2,749,498
26 Total expenses and disbursements. Add lines 24 and 25 3,353,199 275,555   3,057,872
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,673,318
b Net investment income (if negative, enter -0-) 1,404,326
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............. 255,137 58,435 58,435
2 Savings and temporary cash investments......... 878,261 792,882 792,882
3 Accounts receivable right arrow295,066
Less: allowance for doubtful accounts right arrow   339,478 295,066 295,066
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.......... 41,423 35,212 35,212
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,969,249 Click to see attachment
List of Attached Documents:
// Content
7,553,175 		15,118,613
c Investments—corporate bonds (attach schedule)....... 3,115,111 Click to see attachment
List of Attached Documents:
// Content
3,704,229 		2,900,600
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).......... 37,546,279 Click to see attachment
List of Attached Documents:
// Content
35,946,000 		44,461,806
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) 50,144,938 48,384,999 63,662,614
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........... 50,144,938 48,384,999
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 50,144,938 48,384,999
30 Total liabilities and net assets/fund balances (see instructions). 50,144,938 48,384,999
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
50,144,938
2
Enter amount from Part I, line 27a .....................
2
-1,673,318
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
48,471,620
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
86,621
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
48,384,999
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 GOLDMAN SACHS AND PASSTHROUGHS P 2022-01-01 2023-12-31
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 164,428     164,428
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       164,428
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 164,428
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 19,520
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 19,520
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 19,520
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 54,676
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 54,676
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 35,156
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow35,156 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.DRESHERFOUNDATION.ORG
14
The books are in care ofright arrowELEMENTRIX CORP Telephone no.right arrow (410) 933-0384

Located atright arrow4940 CAMPBELL BLVD 110BALTIMOREMD ZIP+4right arrow21236
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JEANNE D BUTCHER TRUSTEE
1.00 		6,375 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
JAMES DRESHER TRUSTEE
1.00 		0 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
PATRICIA DRESHER VICE PRESIDENT
1.00 		0 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
JEFFREY DRESHER TRUSTEE
1.00 		0 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
JAMES R BUTCHER TRUSTEE
1.00 		3,625 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
MICHAEL MEOLI TREASURER
1.00 		0 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
MELANIE M ROBINSON PRESIDENT
1.00 		6,875 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
JOSHUA M DRESHER TRUSTEE
1.00 		1,750 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
VIRGINIA MEOLI TRUSTEE
1.00 		0 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
ANTHONY MEOLI TRUSTEE
1.00 		0 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
SUSAN B ROARTY TRUSTEE
1.00 		3,375 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
JOHN W DRESHER TRUSTEE
1.00 		0 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
MEGAN DRESHER LITSEY TRUSTEE
1.00 		1,375 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
MARCIE D MICHAEL VICE PRESIDENT
1.00 		2,500 0 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
PATRICIA G STERLING EXECUTIVE DIRECTOR
40.00 		135,492 5,420 0
4940 CAMPBELL BLVD SUITE 110
BALTIMORE,MD21236
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
GOLDMAN SACHS INVESTMENT MANAGEMENT 129,807
1735 MARKET STREET
PHILADELPHIA,PA19103
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
0
b
Average of monthly cash balances.......................
1b
980,387
c
Fair market value of all other assets (see instructions)................
1c
60,289,846
d
Total (add lines 1a, b, and c).........................
1d
61,270,233
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
61,270,233
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
919,053
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
60,351,180
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,017,559
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
3,017,559
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,520
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,520
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,998,039
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,998,039
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
2,998,039
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
3,057,872
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
3,057,872
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 2,998,039
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,950,991
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$ 3,057,872
a Applied to 2022, but not more than line 2a 2,950,991
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..... 106,881
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 .......... 		2,891,158
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

755 ALLIANCE INC

816 EDGEWOOD ROAD
EDGEWOOD,MD21040 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 3,000

ADDICTION CONNECTIONS RESOURCE INC

1804 HARFORD ROAD
FALLSTON,MD21047 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 102,000

APBD RESEARCH FOUNDATION

2257 E 63RD STREET
BROOKLYN,NY11234 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 2,000

ARC OF THE NORTHERN CHESAPEAKE REGION

4513 PHILADELPHIA ROAD
ABERDEEN,MD21001 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 2,000

ARROW CHILD & FAMILY MINISTRIES OF MARYLAND

307 INTERNATIONAL CIRCLE
HUNT VALLEY,MD21030 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 31,000

BALTIMORE AREA COUNCIL BOY SCOUTS OF AMERICA

701 WYMAN PARK DRIVE
BALTIMORE,MD21211 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 5,000

BEL AIR INDEPENDENCE DAY COMMITTEE

PO BOX 724
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 7,500

BEL AIR UNITED METHODIST CHURCH

21 LINWOOD AVENUE
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 6,000

BOYS & GIRLS CLUBS OF HARFORD & CECIL COUNTIES

PO BOX 1106
ABERDEEN,MD21001 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 75,000

CAMP POSSIBILITIES FOUNDATION

PO BOX 182
PORT DEPOSIT,MD21904 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 15,000

CASA OF HARFORD COUNTY

101 S MAIN STREET SUITE 303
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 10,000

CATHOLIC CHARITIES OF BALTIMORE

320 CATHEDRAL STREET
BALTIMORE,MD21201 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 63,000

CHAR HOPE FOUNDATION

PO BOX 181
STREET,MD21154 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

CHARLIE RILEY COMMUNITY SERVICE SCHOLARSHIP FOUNDATION

602 PORTSMOUTH COURT
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

CHESAPEAKE BAY TRUST

108 SEVERN AVENUE
ANNAPOLIS,MD21403 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 2,000

CHESAPEAKE THERAPEUTIC RIDING INC

PO BOX 475
ABINGDON,MD21009 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 30,000

COMMUNITY CHRISTIAN CHURCH

8009 CORPORATE DRIVE SUITE C
NOTTINGHAM,MD21236 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 7,000

COMMUNITY FOUNDATION OF HARFORD COUNTY

202 S MAIN STREET
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 302,500

CORDREY CHARITIES INC

30366 CORDREY ROAD
MILLSBORO,DE19966 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

DELAWARE BREAST CANCER COALITION INC

100 WEST 10TH STREET 209
WILMINGTON,DE19801 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 2,500

THE ED LALLY FOUNDATION

102 POWELL AVENUE
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 10,000

THE EPICENTER - EDGEWOOD COMMUNITY SUPPORT CENTER

1918 PULASKI HIGHWAY
EDGEWOOD,MD21040 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 190,000

EXTREME FAMILY OUTREACH MINISTRIES

801 PHILADELPHIA ROAD
JOPPATOWNE,MD21085 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 2,000

FELLOWSHIP OF CHRISTIAN ATHLETES

32609 LONG IRON WAY
LONG NECK,DE19966 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,500

FELLOWSHIP OF CHRISTIAN ATHLETES

2027 FALLSGROVE WAY
FALLSTON,MD21047 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 10,000

FIRST FRUITS FARM

20431 MIDDLETOWN ROAD
FREELAND,MD21053 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 50,000

FIRST PRESBYTERIAN CHURCH OF BEL AIR

224 N MAIN STREET
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 30,000

FOUND IN FAITH MINISTRIES

1050 HARDESS DRIVE UNIT B
ABERDEEN,MD21001 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 52,250

FUEL FUND OF MARYLAND INC

57 W TIMONIUM ROAD SUITE 208
TIMONIUM,MD21093 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 50,000

GIFFT HILL SCHOOL

5000 ESTATE ENIGHED PMD 356
ST JOHN,00830  
VQ 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 5,000

GUIDE DOG FOUNDATION FOR THE BLIND INC

371 E JERICHO TURNPIKE
SMITHTOWN,NY11787 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 500

HABITAT FOR HUMANITY SUSQUEHANNA

205 S HAYS STREET
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 30,000

THE HARFORD CENTER INC

4 N EARLTON ROAD
HAVRE DE GRACE,MD21078 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 110,000

HARFORD DAY SCHOOL

715 MOORES MILL ROAD
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 113,748

HARFORD FAMILY HOUSE

53 E BEL AIR AVENUE SUITE 3
ABERDEEN,MD21001 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 76,000

HARFORD LAND TRUST

22 W PENNSYLVANIA AVE SUITE 2
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 100,000

HARFORD UNITED CHARITIES

25 W COURTLAND STREET
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 5,000

HAVRE DE GRACE DECOY MUSEUM

215 GILES STREET
HAVRE DE GRACE,MD21078 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 5,000

HEROES HELPING HEROES

4990 MERCANTILE ROAD 43574
BALTIMORE,MD21236 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 50,000

HISTORICAL SOCIETY OF HARFORD COUNTY

143 N MAIN STREET
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

HOMECOMING PROJECT INC

PO BOX 1190
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 75,000

HOPE ACADEMY

1808 EDISON HIGHWAY
BALTIMORE,MD21213 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 5,000

HOPE CENTER OF MARYLAND

2843 CHURCHVILLE ROAD
CHURCHVILLE,MD21028 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 15,000

HOPE TO WALK

125 N MAIN STREET SUITE 500-188
BLACKSBURG,VA24060 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

HORIZON DAY CAMP

8 MARKET PLACE 331
BALTIMORE,MD21202 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 15,000

HOSANNA COMMUNITY HOUSE INC

PO BOX 305
DARLINGTON,MD21034 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 10,000

THE IMAGE CENTER

300 E JOPPA ROAD SUITE 312
TOWSON,MD21286 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 15,000

INDIAN LAKE CHRISTIAN CAMP

3915 RIVER ROAD
DARLINGTON,MD21034 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 10,000

JOEY POTTER MISSIONS INC

4825 CALASANS AVENUE
ST CLOUD,FL34771 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

JOHN CARROLL SCHOOL

703 E CHURCHVILLE ROAD
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 19,000

LADEW TOPIARY GARDENS

3535 JARRETTSVILLE PIKE
MONKTON,MD21111 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 30,000

LASOS INC LINKING ALL SO OTHERS SUCCEED

33 W COURTLAND STREET
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 12,500

THE LIRIODENDRON FOUNDATION

502 W GORDON STREET
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 50,000

LOVE INC OF MID DELMARVA INC

PO BOX 1242
SEAFORD,DE19973 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 2,000

LOYOLA BLAKEFIELD

500 CHESTNUT AVENUE
TOWSON,MD21204 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 50,000

MANN HOUSE INC

14 WILLIAMS ST
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 30,000

MARYLAND FOOD BANK

2200 HALETHORPE ROAD
BALTIMORE,MD21227 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 50,000

MARYLAND STATE DENTAL ASSOCIATION FOUNDATION

8901 HERRMANN DRIVE SUITE A
COLUMBIA,MD21045 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 115,000

MASON-DIXON COMMUNITY SERVICES INC

PO BOX 34
STREET,MD21154 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

MID-SHORE COMMUNITY FOUNDATION

102 E DOVER STREET
EASTON,MD21601 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 3,000

MISSION CENTRAL COMMUNITY SERVICES CORP

1509 FALLSTON ROAD
FALLSTON,MD21047 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 10,000

MOVEABLE FEAST INC

901 N MILTON AVENUE
BALTIMORE,MD21205 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 50,000

MT WASHINGTON PEDIATRIC COMM REHAB SERVICES

138 INDUSTRY LANE UNIT 5A
FOREST HILL,MD21050 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 10,000

NEW COVENANT CHRISTIAN SCHOOL

128 ST MARYS CHURCH ROAD
ABINGDON,MD21009 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 5,000

NOTRE DAME PREPARATORY SCHOOL

815 HAMPTON LANE
TOWSON,MD21286 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 40,000

PATTISON'S DREAM ACADEMY

PO BOX 80426
CHARLESTON,SC29416 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

PRAISING THROUGH RECOVERY

26 WEST 25TH STREET SUITE 1
BALTIMORE,MD21218 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 20,000

RICHCROFT INC

11350 MCCORMICK ROAD EXEC PLAZA 4
SUITE 700
HUNT VALLEY,MD21031 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 65,000

RONALD MCDONALD HOUSE CHARITIES - MARYLAND

ONE AISQUITH STREET
BALTIMORE,MD21202 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 3,000

SALVATION ARMY

300 SENECA AVENUE
HAVRE DE GRACE,MD21078 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 53,000

SARC

PO BOX 1207
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 142,000

SCHOOL MINISTRIES INC

101 RICE BENT WAY 6
COLUMBIA,SC29229 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 4,000

SERGEANT ALFRED B HILTON MEMORIAL FUND

PO BOX 123
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 5,000

SHEPHERD'S OFFICE

408 N BEDFORD STREET
GEORGETOWN,MD19947 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 2,000

SODEL YOUNG LIFE

11363 EAGLE RUN
LINCOLN,DE19960 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000

ST CLARE CATHOLIC CHURCH

714 MYRTH AVENUE
ESSEX,MD21221 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 2,500

THEATREWORKS LIVE

1704 APRYL COURT
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 23,000

TOWN OF BEL AIR

39 N HICKORY AVENUE
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 50,000

UMBC FOUNDATION

1000 HILLTOP CIRCLE ADMIN 714
BALTIMORE,MD21250 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 100,000

UNITED WAY OF CENTRAL MARYLAND

1800 WASHINGTON BLVD SUITE 340
BALTIMORE,MD21230 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 10,000

UPPER CHESAPEAKE HEALTH FOUNDATION

520 UPPER CHESAPEAKE DRIVE SUITE
405
BEL AIR,MD21014 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 52,000

VILLAGE AT LAKEVIEW

833 FISHERMAN LANE
EDGEWOOD,MD21040 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 30,000

YOUTH FOR CHRIST - METRO MARYLAND

8900 BELAIR ROAD
BALTIMORE,MD21236 		  501(C)(3) SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR 1,000
Total .................................right arrow 3a 2,749,498
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 .... 525990 187 14 1,061,407  
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 .....     14 453,859  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 164,428  
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) .. 187 1,679,694 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,679,881
(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.
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 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 54,261 27,130   27,131

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 3,704,229 2,900,600

TY 2023 InvestmentsCorpStockSchedule
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 7,553,175 15,118,613

TY 2023 InvestmentsOtherSchedule2
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 35,946,000 44,461,806

TY 2023 LegalFeesSchedule
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 995 0   995


TY 2023 OtherDecreasesSchedule
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Description Amount
PRIOR YEAR ADJUSTMENT 86,621


TY 2023 OtherExpensesSchedule
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE SUPPLIES AND EXPENSE 16,103 0   15,851
INSURANCE 4,197 0   4,197
TELEPHONE 1,169 0   1,169
DUES & SUBSCRIPTIONS 6,944 0   6,944
WEBSITE 4,943 0   4,943
BANK FEES 244 244   0
GRANTS MGMT SOFTWARE 5,561 0   5,561


TY 2023 OtherIncomeSchedule2
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH K-1S 453,859 453,859 453,859


TY 2023 OtherProfessionalFeesSchedule
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL 14,240 0   14,240
PAYROLL PROCESSING 1,452 0   1,452
INVESTMENT MANAGEMENT 140,597 140,597   0


TY 2023 TaxesSchedule
Name:
THE DRESHER FOUNDATION INC
EIN:
52-1610465
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN & RECLAIMABLE TAXES 107,584 107,584   0
EXCISE TAXES 19,520 0   0