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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
SHEAR FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)103 GAMMA DRIVE STE 120 120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15238
A Employer identification number

47-1833006
B Telephone number (see instructions)

(412) 580-6297
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$225,788,687J 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 1,025,570 1,151,448  
4 Dividends and interest from securities... 2,700,331 3,645,919  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,177,027
b Gross sales price for all assets on line 6a 30,287,424
7 Capital gain net income (from Part IV, line 2)... 13,835,506
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
2,050,020 984,028  
12 Total. Add lines 1 through 11........ 13,952,948 19,616,901  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 161,000 0   161,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 11,073 0   11,073
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,838,387 1,716,297   808,835
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
239,782 33,012   12,513
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
631,878 1,730,010   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,882,120 3,479,319   993,421
25 Contributions, gifts, grants paid....... 9,042,000 9,042,000
26 Total expenses and disbursements. Add lines 24 and 25 12,924,120 3,479,319   10,035,421
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,028,828
b Net investment income (if negative, enter -0-) 16,137,582
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,246,934 19,042,569 19,042,569
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.......... 334,303 294,119 294,119
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 73,156,663 Click to see attachment
List of Attached Documents:
// Content
75,950,848 		75,950,848
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).......... 136,053,524 Click to see attachment
List of Attached Documents:
// Content
130,501,151 		130,501,151
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) 212,791,424 225,788,687 225,788,687
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........... 212,791,424 225,788,687
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)..... 212,791,424 225,788,687
30 Total liabilities and net assets/fund balances (see instructions). 212,791,424 225,788,687
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
212,791,424
2
Enter amount from Part I, line 27a .....................
2
1,028,828
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,968,435
4
Add lines 1, 2, and 3 ..........................
4
225,788,687
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
225,788,687
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b ALTERNATIVE INVESTMENTS P    
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 23,312,526   13,878,162 9,434,364
b 6,974,898   2,573,756 4,401,142
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       9,434,364
b       4,401,142
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 13,835,506
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) 1 224,312
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........................... 3 224,312
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- ..... 5 224,312
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 199,940
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 138,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 337,940
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 716
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 10 112,912
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow112,912 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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 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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowRICK ROADARMEL Telephone no.right arrow (412) 580-6297

Located atright arrow103 GAMMA DRIVEPITTSBURGHPA ZIP+4right arrow15238
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 2024, 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 (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
BARBARA S SHEAR PRESIDENT
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
GERALD A SHEAR VICE PRESIDENT
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
JOHN A SHEAR VICE PRESIDENT
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
HERBERT S SHEAR TREASURER
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
RICHARD L ROADARMEL ASST. SECR./ASST. TREASURER
0.40 		0 0 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
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
ANN FELTER EXECUTIVE DIRECTOR
40.00 		161,000 11,073 0
103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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
SHEAR FAMILY OFFICE MANAGEMENT 1,167,375
103 GAMMA DRIVE
PITTSBURGH,PA15238
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 (2024)
Form 990-PF (2024)
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
76,345,143
b
Average of monthly cash balances.......................
1b
10,719,134
c
Fair market value of all other assets (see instructions)................
1c
130,501,151
d
Total (add lines 1a, b, and c).........................
1d
217,565,428
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
217,565,428
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,263,481
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
214,301,947
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,715,097
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
10,715,097
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
224,312
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
7,432
c
Add lines 2a and 2b............................
2c
231,744
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,483,353
4
Recoveries of amounts treated as qualifying distributions................
4
150,000
5
Add lines 3 and 4............................
5
10,633,353
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
10,633,353
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
10,035,421
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
10,035,421
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 10,633,353
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 10,007,372
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 10,035,421
a Applied to 2023, but not more than line 2a 10,007,372
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 2024 distributable amount..... 28,049
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		10,605,304
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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).)
BARBARA S SHEAR
GERALD A SHEAR
JOHN A SHEAR
HERBERT S SHEAR
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
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

ALLEGHENY VALLEY HABITAT FOR HUMANITY

225 FREEPORT STREET
NEW KENSINGTON,PA15068 		N/A PC LOW INCOME HOUSING AID 5,000

ALPERT JEWISH FAMILY SERVICES

5841 CORPORATE WAY STE 200
WEST PALM BEACH,FL33407 		N/A PC FOOD INSECURITY 250,000

AMATEUR HOCKEY ASSOC ILLINOIS INC

859 OAKTON STREET
ELK GROVE,IL60007 		N/A PC EQUIPMENT 5,000

AMERIAN ISRAEL EDUCATION FUND

251 H ST NW
WASHINGTON,DC20001 		N/A PC AIEF 450,000

AMERICAN FRIENDS OF ISRAEL SPORT CENTER FOR THE DISABLED

1 NORTHFIELD PLAZA STE 300
NORTHFIELD,IL60093 		N/A PC REHABILITATION- PHYSICAL AND EMOTIONAL THROUGH SPORTS 125,000

AMERICAN FRIENDS OF LEKET ISRAEL INC

PO BOX 2090
TEANECK,NJ07666 		N/A PC FOOD INSECURITY 600,000

AMERICAN FRIENDS OF MAGEN DAVID ADOM

3300 PGA BLVD STE 970
PALM BEACH GARDENS,FL33410 		N/A PC MOBILE INTENSIVE CARE UNIT 150,000

BARK NATION

PO BOX 20367
FERNDALE,MI48220 		N/A PC ANIMAL RESCUE SUPPORT 5,000

BIG BROTHERS BIG SISTERS OF UTAH

2121 SOUTH STATE STREET
SALT LAKE CITY,UT84115 		N/A PC MENTORING PROGRAM 25,000

BIG FLUFFY DOG RESCUE

PO BOX 332161
NASHVILLE,TN37203 		N/A PC ANIMAL RESCUE SUPPORT 3,500

BOY SCOUTS OF AMERICA

1275 BEDFORD AVE
PITTSBURGH,PA15219 		N/A PC SENECA DISTRICT FRIENDS OF SCOUTING 10,000

BUTLER COUNTY HUMANE SOCIETY

1015 EVANS CITY RD
RENFREW,PA16053 		N/A PC ANIMAL RESCUE SUPPORT 10,000

CENTRAL FUND OF ISRAEL

461 CENTRAL AVENUE
CEDARHURST,NY11516 		N/A PC CYBERWELL OPERATING SUPPORT 150,000

CHILDREN'S HOSPITAL OF CHICAGO

225 E CHICAGO AVE
CHICAGO,IL60611 		N/A PC PRECISION MEDICINE ONCOLOGY 50,000

CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION

4401 PENN AVE
PITTSBURGH,PA15224 		N/A PC THE PITTSBURGH STUDY (TPS) LAUNCH 250,000

CLUBHOUSE SUMMIT COUNTY

PO BOX 680861
PARK CITY,UT84068 		N/A PC MENTAL ILLNESS SUPPORT 25,000

CONNECTING CHAMPIONS

6101 PENN AVENUE SUITE 201
PITTSBURGH,PA15206 		N/A PC CANCER JOURNEY SUPPORT 76,000

DICKINSON COLLEGE

PO BOX 1773
CARLISE,PA17013 		N/A PC SUPPORT FOR STUDENT ATHLETES 10,000

DONOR ADVISED FUNDS- CHARLES SCHWAB

103 GAMMA DRIVE SUITE 120
PITTSBURGH,PA15238 		N/A PC GENERAL SUPPORT 951,000

DUQUESNE UNIVERSITY

600 FORBES AVE
PITTSBURGH,PA15282 		N/A PC CENTER FOR INTEGRATIVE HEALTH 300,000

EDUNATIONS

8800 PEEBLES ROAD
ALLISON PARK,PA15101 		N/A PC EDUCATIONAL SUPPORT FOR CHILDREN IN SIERRA LEONE 5,000

ERADICATE HATE GLOBAL SUMMIT

454 44TH STREET
PITTSBURGH,PA15201 		N/A PC SUPPORT FOR SUMMIT 200,000

FEEDING THE CAROLINAS

6255 TOWNCENTER DRIVE SUITE 803
CLEMMONS,NC27012 		N/A PC FOOD INSECURITY 10,000

FLORIDA ATLANTIC UNIVERSITY FOUNDATION

111 EAST LAS OLAS BLVD SUITE 1007B
FORT LAUDERDALE,FL33301 		N/A PC VETERAN CANINE SUPPORT 5,000

FOUNDATION FOR THE DEFENSE OF DEMOCRACIES

PO BOX 332489
WASHINGTON,DC20033 		N/A PC GENERAL CAMPAIGN 250,000

FRIENDS OF IR DAVID

575 LEXINGTON AVE
NEW YORK,NY10022 		N/A PC OPERATING GRANT 200,000

FRIENDS OF THE DANIEL CENTERS FOR PROGRESSIVE JUDIASM

5630 WISCONSIN AVE APT 1601
CHEVY CHASE,MD20815 		N/A PC ISRAELI CAUSES 50,000

FRIENDS OF THE ISRAELI DEFENSE FORCES

29 EAST MADISON ST
CHICAGO,IL60602 		N/A PC GENERAL CAMPAIGN 231,000

FRIENDSHIP CIRCLE OF LAS VEGAS

1261 ARVILLE ST
LAS VEGAS,NV89102 		N/A PC MENTAL HEALTH SUPPORT 50,000

GETTYSBURG COLLEGE

300 NORTH WASHINGTON STREET
GETTYSBURG,PA17325 		N/A PC MUSIC LESSON SCHOLARSHIPS 1,500

GRANT A GIFT AUTISM

630 S RANCHO DR STE D
LAS VEGAS,NV89106 		N/A PC FAMILY SUPPORT 50,000

GREAT PYRENEES CLUB OF WESTERN PA

8 GERMAN SQUARE
PITTSBURGH,PA15203 		N/A PC ANIMAL RESCUE SUPPORT 5,000

GREATER PITTSBURGH COMMUNITY FOODBANK

1 LINDEN STREET
DUQUESNE,PA15110 		N/A PC FOOD INSECURITY 300,000

HEALTHNETWORK FOUNDATION

33 RIVER ST
CHAGRIN FALLS,OH44022 		N/A PC MISSION & LONG RANGE STABILITY 50,000

HUNTSMAN CANCER FOUNDATION

500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		N/A PC MEDICAL RESEARCH 100,000

ISRAEL GUIDE DOG ASSOC

968 EASTON RD SUITE H
WARRINGTON,PA18976 		N/A PC GUIDE DOGS FOR BLIND 54,000

JAMIE'S DREAM TEAM

4617 WALNUT STREET
MCKEESPORT,PA15132 		N/A PC FAMILY SUPPORT 5,000

JCFS CHICAGO

3145 W PRATT BLVD
CHICAGO,IL60645 		N/A PC DUMAN OPPORTUNITY CENTER 75,000

JEWISH FAMILY & COMMUNITY SERVICES OF PITTSBURGH

5743 BARTLETT ST
PITTSBURGH,PA15217 		N/A PC FAMILY SUPPORT 300,000

JEWISH NATIONAL FUND

60 REVERE DR SUITE 840
NORTHBROOK,IL60062 		N/A PC LOTEM, VARIOUS PROGRAMS 380,000

JEWISH NATIONAL FUND

902 CLINT MOORE RD- STE 128
BOCA RATON,FL33487 		N/A PC SPECIAL IN UNIFORM, FIREFIGHTERS 92,000

JOEY'S PAW

301 BELMONT RD
BUTLER,PA15006 		N/A PC WHEELCHAIR/PROSTHETICS FUND 5,000

KIDS VOICE

437 GRANT ST FRICK BLDG SUITE 700
PITTSBURGH,PA15219 		N/A PC MENTAL HEALTH SUPPORT 5,000

LANCASTER COUNTY ART ASSOCIATION

149 PRECISION AVE
STRASBURG,PA17579 		N/A PC PROGRAM SUPPORT 5,000

LIGHT OF LIFE MISSION

913 WESTERN AVE
PITTSBURGH,PA15233 		N/A PC MINISTRIES 30,000

LIVE LIKE SAM INSTITUTE

1034 STATION LOOP ROAD
PARK CITY,UT84098 		N/A PC YOUTH SUPPORT 50,000

MAGEE WOMEN'S RESEARCH

3240 CRAFT PLACE STE 100
PITTSBURGH,PA15213 		N/A PC MEDICAL RESEARCH 200,000

MAGIC IN THE TREES

424 WEST END AVE APT 2J
NEW YORK,NY10024 		N/A PC CAMP ROBINHOOD 8,000

MAKE A WISH GREATER PA AND WV

GULF TOWER
PITTSBURGH,PA15219 		N/A PC IN MEMORY OF JEFFREY STUCKLEY 5,000

MCKEESPORT AGAPE CENTER

1201 PRESCOTT STREET SUITE 1
WHITE OAK,PA15131 		N/A PC FOOD INSECURITY 5,000

NATIONAL ALLIANCE ON MENTAL ILLNESS (NAMI)

4301 WILSON BLVD SUITE 300
ARLINGTON,VA22203 		N/A PC ENHANCE TELEHEALTH/CONFERENCE SOFTWARE AND EQUIP- HOTLINE 100,000

NATIONAL ALLIANCE ON MENTAL ILLNESS (NAMI)

4525 S SANDHILL RD AUITE 116
LAS VEGAS,NV89121 		N/A PC MENTAL ILLNESS SUPPORT 225,000

NEIGHBORS FOR NEIGHBORS

119 PRESERVE VALLEY DRIVE
CRANBERRY TWP,PA16066 		N/A PC HOLIDAY SEASON SUPPORT FOR NEEDY CHILDREN 10,000

NEVADA MEDICAL CENTER

325 S MARYLAND PKWY
LAS VEGAS,NV891015320 		N/A PC HOPE MEANS NEVADA 15,000

ORPHANS OF THE STORM

PO BOX 838
KITTANING,PA16201 		N/A PC ANIMAL RESCUE SUPPORT 5,000

PALM BEACH COUNTY FOODBANK

701 BOUTWELL ROAD
LAKE WORTH BEACH,FL33461 		N/A PC FOOD INSECURITY 250,000

PALM BEACH POLICE AND FIRE FOUNDATION

139 N COUNTY RD
PALM BEACH,FL33480 		N/A PC PROGRAM SUPPORT 100,000

PEGGY ADAMS ANIMAL RESCUE LEAGUE

3200 N MILITARY TRAIL
WEST PALM BEACH,FL33409 		N/A PC ANIMAL RESCUE SUPPORT 30,000

REID LANDRY GARRANT FOUNDATION

358 OTTER RIVER ROAD
GARDNER,MA01440 		N/A PC FAMILY SUPPORT 5,000

REMEMBER ME ROSE GARDEN

6488 LINCOLN HIGHWAY
STOYSTOWN,PA15563 		N/A PC 911 MEMORIAL 10,000

SECURE COMMUNITY NETWORK

350 WEST HUBBARD ST
CHICAGO,IL60654 		N/A PC JEWISH COMMUNITY SECURITY 75,000

SOLDIERS SAVE LIVES

1873 EAST 21ST STREET
BROOKLYN,NY11229 		N/A PC JEWISH CAUSES 100,000

SPECIAL OLYMPICS OF PA

200 CEDAR RIDGE DR STE 214
PITTSBURGH,PA15205 		N/A PC DISABLED ATHLETES 5,000

ST ANDREWS SCHOOL

3900 JOG ROAD
BOCA RATON,FL33434 		N/A PC EDUCATIONAL SUPPORT 10,000

SUMMIT LAND CONSERVANCY

PO BOX 1775
PARK CITY,UT84060 		N/A PC LAND PRESERVATION 50,000

THE ANTI CRUELTY SOCIETY

157 W GRAND AVE
CHICAGO,IL60654 		N/A PC KENNEL SPONSORSHIP 5,000

THE ARK

6450 NORTH CALIFORNIA
CHICAGO,IL60645 		N/A PC FOOD INSECURITY 50,000

THE CRANBERRY CUP

PO BOX 1614
CRANBERRY TWP,PA16060 		N/A PC ASSISTANCE FAMILIES IN NEED 25,000

THREE SQUARE FOOD BANK

4190 N PECOS RD
LAS VEGAS,NV89115 		N/A PC FOOD INSECURITY 100,000

UCLA FOUNDATION

760 WESTWOOD PLAZA
LOS ANGELES,CA90095 		N/A PC CAPPS RESEARCH 200,000

UNIVERSITY OF COLORADO

1800 N GRANT ST ATE 725
DENVER,CO80203 		N/A PC MEDICAL RESEARCH 350,000

UNIVERSITY OF NEVADA LAS VEGAS

4505 S MARYLAND PKWY
LAS VEGAS,NV89154 		N/A PC THE PRACTICE - MENTAL HEALTH TRAINING CLINIC 400,000

UNIVERSITY OF PITTSBURGH

116 ATWOOD STREET
PITTSBURGH,PA15260 		N/A PC VARIOUS PROGRAMS 600,000

VEGAS GOLDEN KNIGHTS ALUMNI ASSOCIATION

1550 S PAVILLION CENTER DR
LAS VEGAS,NV89135 		N/A PC FORMER PLAYER SUPPORT 10,000

VIBE ISRAEL

630 THIRD AVE 15TH FLOOR
NEW YORK,NY10017 		N/A PC JEWISH CAUSES 50,000

WEST DEER EMS

101 EAST UNION ROAD
CHESWICK,PA15024 		N/A PC AID IN PURCHASE OF NEW AMBULANCE FOR EMS 5,000

WEST DEER TECH

PO BOX 173
RUSSELLTON,PA15076 		N/A PC FOOD INSECURITY 5,000

WEST PALM BEACH CENTER FOR ARTS & TECHNOLOGY

PO BOX 3952
WEST PALM BEACH,FL33402 		N/A PC EXECUTIVE DIRECTOR SALARY 75,000
Total .................................right arrow 3a 9,042,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ........... 		900001 56,958 14 968,612  
4 Dividends and interest from securities .... 900001 21,374 14 2,678,957  
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 ............ 		900001 21,662 14 8,155,365  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASSTHROUGH INCOME FROM K-1S 		900001 985,224 01 1,048,451  
bTAX REFUNDS 900001   01 16,345  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 1,085,218 12,867,730 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,952,948
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 GeneralExplanationAttachment
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Identifier Return Reference Explanation
  FORM 990-PF, PART VII, LINE 1 ANN FELTER IS AN EMPLOYEE OF THE SHEAR FAMILY OFFICE, AND, AS A RESULT, THE SHEAR FAMILY OFFICE PAYS HER SALARY AND BENEFITS. THE SHEAR FAMILY FOUNDATION HAS NO EMPLOYEES, AND CONTRACTS WITH THE SHEAR FAMILY OFFICE'S EMPLOYEES TO PROVIDE ITS SERVICES. THE SALARY AND BENEFIT AMOUNTS LISTED IN PART VII, LINE 1 ARE ALSO REFLECTED IN PART VII, LINE 3 OF FORM 990-PF UNDER COMPENSATION PAID TO THE SHEAR FAMILY OFFICE FOR CONTRACTED SERVICES.

TY 2024 InvestmentsCorpStockSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Name of Stock End of Year Book Value End of Year Fair Market Value
1,081 SHS ISHARES MICRO CAP ETF 140,940 140,940
1,811 SHS VANGUARD SM CAP GROWTH 507,188 507,188
634 SHS VANGUARD SM CAP ETF 152,337 152,337
3,475 SHS VANGUARD SM CAP VALUE ETF 688,676 688,676
24,000 SHS ALPHABET INC. 3,427,920 3,427,920
5,000 SHS BERKSHIRE HATHAWAY 2,266,400 2,266,400
12,000 SHS CHEVRON CORPORATION 1,738,080 1,738,080
35,000 SHS CITIGROUP INC 2,463,650 2,463,650
25,000 DUPONT DE NEMOURS INC 1,906,250 1,906,250
4,000 SHS FEDEX CORPORATION 1,125,320 1,125,320
8,000 SHS FISERV INC 1,643,360 1,643,360
45,000 SHS GENERAL MOTORS CO 2,397,150 2,397,150
30,000 SHS INTL FLAVORS& FRAGRA 2,536,500 2,536,500
8,000 SHS JOHNSON & JOHNSON 1,156,960 1,156,960
10,000 SHS JP MORGAN CHASE & CO 2,397,100 2,397,100
6,000 SHS MICROSOFT CORP 2,529,000 2,529,000
85,000 SHS PFIZER INCORPORATED 2,255,050 2,255,050
18,000 SHS QUALCOMM INC 2,765,160 2,765,160
20,000 SMUCKER J M CO 2,202,400 2,202,400
37,000 SHS VANGUARD FTSE DEV MKTS 1,769,340 1,769,340
107,000 SHS VANGUARD FTSE EMER MKTS ETF 4,712,280 4,712,280
15,000 SHS VANGUARD FTSE EUROPE 952,050 952,050
1,745 SHS ABBOTT LABS 197,377 197,377
680 ADOBE INC. (DELAWARE) 302,382 302,382
2,471 SHS ADVANCED MICRO DEVICES INC 298,472 298,472
5,793 SHS ALPHABET INC CL A 1,096,615 1,096,615
8,386 SHS AMAZON.COM INC 1,839,805 1,839,805
1,301 SHS AMERICAN TOWER CORP REIT 238,616 238,616
423 SHS AMERIPRISE FINANCIAL INC 225,218 225,218
6,930 SHS APPLE INC 1,735,411 1,735,411
450 SHS ASML HLDG NV SPON ADR 311,886 311,886
3,514 SHS BOSTON SCIENTIFIC CORP 313,870 313,870
5,120 SHS BROADCOM INC 1,187,021 1,187,021
5,622 SHS CHIPOTLE MEXICAN GRILL INC CL A 339,007 339,007
492 SHS INTUIT 309,222 309,222
706 SHS INTUITIVE SURGICAL INC 368,504 368,504
890 SHS LILLY ELI & CO 687,080 687,080
1058 SHS MASTERCARD INC CL A 557,111 557,111
2,263META PLATFORMS INC CL A 1,325,009 1,325,009
6,332 SHS MICROSOFT CORP 2,668,938 2,668,938
13,811 NVDIA CORP 1,854,679 1,854,679
232 SHS O REILLY AUTOMOTIVE INC 275,106 275,106
2,432 ORACLE CORP 405,268 405,268
1,698 SHS PALO ALTO NETWORKS INC 308,968 308,968
446 SHS PARKER HANNIFIN CORP 283,669 283,669
1,532 PROGRESSIVE CORP OHIO 367,083 367,083
371 S&P GLOBAL INC 184,769 184,769
1,275 SHS SALESFORCE.COM INC 426,271 426,271
924 SHS SHERWIN WILLIAMS CO 314,095 314,095
418 SHS THERMO FISHER SCIENTIFIC INC 217,456 217,456
3,929 SHS TJX COS INC NEW 474,662 474,662
211 TRANSDIGM GROUP INC 267,396 267,396
985 SHS UNION PACIFIC CORP 224,619 224,619
595 SHS UNITEDHEALTH GROUP INC 300,987 300,987
2,231 SHS VISA INC CL A 705,085 705,085
2,795 SHS ISHARES MSCI EAFE ETF 211,330 211,330
1,593 SHS ISHARES RUSSELL TOP 200 GROWTH ETF 374,785 374,785
4,619 SHS VANGUARD GROWTH ETF 1,895,822 1,895,822
2,169 SHS VANGUARD SMALL CAP GROWTH ETF 607,450 607,450
4,748 SHS VANGUARD FTSE ALL WORLD EX US ETF 272,583 272,583
5,799 SHS VANGUARD FTSE DEVELOPED MARKETS ETF 277,308 277,308
5,699 SHS VANGUARD FTSE EMERGING MARKETS ETF 250,984 250,984
2,224 SHS VGRD FTSE ALL WRLD EX US SML CAP ETF 254,604 254,604
9,760 SHS ISHARES CORE HIGH DIVIDEN ETF 1,095,658 1,095,658
3,341 SHS ISHARES IBOXX HIGH YIELD BOND ETF 262,770 262,770
8,720 SHS ISHARES INTERNATIONAL DIV ETF 238,754 238,754
7,486 SHS ISHARES PREFERRED INCOME SEC ETF 235,360 235,360
6,810 SHS VANGUARD VALUE ETF 1,152,933 1,152,933
23,000 SHS ANTERO MIDSTREAM CORP 347,070 347,070
12,600 SHS ANTERO RESOURCES COR 441,630 441,630
2,500 SHS CHENIERE ENERGY INC 537,175 537,175
11,600 SHS CLEARWAY ENERGY INC. 301,600 301,600
5,400 SHS DT MIDSTREAM INC. 536,922 536,922
7,600 SHS KINETIK HOLDINGS INC. 430,996 430,996
5,400SHS NEXTERA ENERGY INC 387,126 387,126
5,400 SHS SEMPRA 473,688 473,688
10,000 SHS TARGA RESOURCES CORP. 1,785,000 1,785,000
18,600 SHS WILLIAMS COMPANIES 1,006,632 1,006,632
10,000 SHS BROOKFIELD RENEW PARTNERS LP 227,900 227,900

TY 2024 InvestmentsOtherSchedule2
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
406 VENTURES V FMV 264,269 264,269
406 VENTURES IV FMV 955,688 955,688
406 VENTURES OPPORTUNITY FUND II FMV 658,188 658,188
406 VENTURES OPPORTUNITY FUND I FMV 1,451,830 1,451,830
406 VENTURES RELTIO SPV (WRANGLER TOO) FMV 100,000 100,000
AG DIRECT LENDING FUND II FMV 946,639 946,639
ACCEL-AKKR GROWTH CAPITAL PARTNERS IV, LP FMV 755,250 755,250
ACCEL-AKKR CREDIT PARTNERS, LP FMV 578,380 578,380
ACCEL-AKKR EMERGING BUYOUT PARTNERS, LP FMV 938,680 938,680
BAYPINE CAPITAL PARTNERS FUND I-B, LP FMV 860,636 860,636
BLACKROCK APCO FMV 173,949 173,949
CEDAR STREET EMERGING MARKETS VALUE FUND, LP FMV 4,447,845 4,447,845
CEDAR STREET INT'L SMALL CAP FUND I, LP FMV 2,195,237 2,195,237
CHICAGO VENTURES FUND III, LP FMV 1,085,112 1,085,112
CHICAGO VENTURES OPPORTUNITY FUND I, LP FMV 881,097 881,097
COATUE GROWTH FUND V, LP FMV 1,331,138 1,331,138
CORMORANT PRIVATE HEALTHCARE FUND I, LP FMV 399,095 399,095
CORMORANT PRIVATE HEALTHCARE FUND II, LP FMV 1,829,338 1,829,338
CORMORANT PRIVATE HEALTHCARE FUND III, LP FMV 961,059 961,059
DECLARATION PARTNERS REAL ESTATE FUND I, LP FMV 1,204,241 1,204,241
DIVERSIFIED CASSIDY, LLC FMV 1,999,974 1,999,974
ENERGIZE VENTURES FUND II, LP FMV 1,712,319 1,712,319
EV URB SPV, LLC FMV 501,666 501,666
ENLIGHTENMENT CAPITAL SOLUTIONS FUND III, LP FMV 2,757,856 2,757,856
ENLIGHTENMENT CAPITAL SOLUTIONS FUND IV, LP FMV 1,642,381 1,642,381
ENERGY TRANSFER, LP FMV 920,730 920,730
ENTERPRISE PRODUCT PARTNERS FMV 972,160 972,160
FIRST BOSTON FMV 1,000,682 1,000,682
GOTHAM GREENS FMV 646,852 646,852
GREENBRIAR EQUITY FUND IV-A, LP FMV 3,644,898 3,644,898
GREENBRIAR EQUITY FUND V, LP FMV 2,274,454 2,274,454
GREENBRIAR EQUITY FUND VI, LP FMV 967,710 967,710
GREENBRIAR CO-INVESTMENT SA, LP FMV 510,905 510,905
IBEX PARTNERS (GAUZY), LP FMV 30,981 30,981
IRRADIANT RENEWABLE OPPORTUNITIES (TE), LP FMV 1,183,423 1,183,423
JP MORGAN- CERBERUS FMV 3,481,352 3,481,352
KAYNE ANDERSON CORE REAL ESTATE FMV 4,047,937 4,047,937
KAIROS PROVIVI SPV, LP FMV 69,131 69,131
KAIROS VENTURE OPORTUNITIES I, LP FMV 394,435 394,435
KAIROS VENTURE PARTNERS II, LP FMV 1,109,393 1,109,393
KAYNE ANDERSON REAL ESTATE DEBT IV, LP FMV 1,233,372 1,233,372
KAYNE ANDERSON REAL ESTATE PARTNERS, LP FMV 994,707 994,707
KAYNE ANDERSON ENERGY FUND VIII, LP FMV 1,141,684 1,141,684
KAYNE ANDERSON PARTNERS FUND IV, LP FMV 2,924,257 2,924,257
KAYNE COMMERCIAL REAL ESTATE DEBT IV, LP FMV 1,350,921 1,350,921
KKR CREDIT PARTNERS, LP - SERIES 1 FMV 1,499,609 1,499,609
KKR AMERICAS FUND XII, LP FMV 6,140,859 6,140,859
KKR ASIAN FUND III, LP FMV 2,239,014 2,239,014
LOGISTA OFFSHORE FUND FMV 2,619,654 2,619,654
MANIV MOBILITY A, LP FMV 2,018,883 2,018,883
MANNA TREE NUTRITION II, LP FMV 2,216,938 2,216,938
MERIDIAN STREET CAPITAL III, LP FMV 858,625 858,625
MESIROW ABSOLUTE RETURN FUND (INSTITUTIONAL), LTD FMV 96,508 96,508
MORGAN STANLEY-OAKTREE FMV 3,341,545 3,341,545
NEBARI GOLD FUND 1, LP FMV 1,434,747 1,434,747
NEBARI CAYMAN SPC FMV 562,386 562,386
NEWROAD CAPITAL FUND IV, LP FMV 717,470 717,470
NEWROAD CAPITAL FUND III, LP FMV 1,943,336 1,943,336
NEXUS FUND III, LP FMV 719,722 719,722
NOEMIS VENTURES I, LP FMV 1,025,810 1,025,810
OAKTREE GLOBAL CREDIT FUND FMV 2,090,815 2,090,815
OAKTREE LIFE SCIENCES FUND FMV 875,542 875,542
OAKTREE OPPORTUNITIES FUND XI FMV 934,125 934,125
OAKTREE SPECIAL SITUATIONS FUND II, LP FMV 2,423,300 2,423,300
OAKTREE SPECIAL SITUATIONS FUND III, LP FMV 890,506 890,506
ORBIMED ISRAEL PARTNERS II, LP FMV 1,916,360 1,916,360
OWL VENTURES FUND V, LP FMV 759,313 759,313
OWL VENTURES PARTNERSHIP HOLDINGS III, LP FMV 389,032 389,032
OWL VENTURES OPPORTUNITY FUND II, LP FMV 820,965 820,965
PENNTEX SFO I, LP FMV 1,822,798 1,822,798
PFMP K1508 INVESTORS, LLC FMV 819,714 819,714
PFMP-KF61 INVESTORS, LLC FMV 820,269 820,269
PFMP-KF96 INVESTORS, LLC FMV 589,046 589,046
PFMP-KF77 INVESTORS, LLC FMV 632,546 632,546
PRIDEROCK MULTI FAMILY DEBT FMV 469,080 469,080
RED BIRD FC HOLDINGS CV FMV 630,079 630,079
RED BIRD PARTNER FUND IV , LP FMV 1,506,338 1,506,338
S3 SPRUCE CAPITAL FUND V, LP FMV 1,500,000 1,500,000
S3 SPRUCE CAPITAL- OXBRIDGE SERIES LP FMV 1,500,000 1,500,000
SANDALWOOD VIOLA OPP FUND I , LP FMV 521,405 521,405
SANDBRIDGE CONSUMER FUND III , LP FMV 756,645 756,645
SCULPTOR RE CREDIT FUND I, LP FMV 56,791 56,791
SCULPTOR RE CREDIT FUND II, LP FMV 736,348 736,348
SFF ALVISTA FMV 11,171,214 11,171,214
SILVERPEAK SPECIAL SITUATION LENDING FUND FMV 1,506,713 1,506,713
SKY9 FUND IV, LP FMV 1,196,009 1,196,009
SKY9 CAPITAL MVP FUND FMV 416,095 416,095
SKY9 FUND V, LP FMV 966,445 966,445
SKY9 MVP FUND II, LP FMV 397,137 397,137
STARTING LINE FUND II,LP FMV 790,213 790,213
SVB CAPITAL FUND V, LP FMV 1,723,502 1,723,502
VELOCITY FUND FMV 833,652 833,652
WESTERN GAS FMV 1,072,197 1,072,197

TY 2024 OtherExpensesSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 0 122,291   0
OTHER PARTNERSHIP EXPENSES 631,878 1,607,719   0


TY 2024 OtherIncomeSchedule2
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH INCOME FROM K-1S 2,033,675 978,643 2,033,675
TAX REFUNDS 16,345 5,385 16,345


TY 2024 OtherIncreasesSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Description Amount
UNREALIZED GAIN/(LOSS) 11,968,435


TY 2024 OtherProfessionalFeesSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 1,855,598 1,542,343   0
SFO MANAGEMENT FEES 982,789 173,954   808,835


TY 2024 TaxesSchedule
Name:
SHEAR FAMILY FOUNDATION INC
EIN:
47-1833006
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 187,085 33,012   0
STATE TAXES 40,184 0   0
PAYROLL TAXES 12,513 0   12,513