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 06-01-2023 , and ending 05-31-2024
Name of foundation
BERNARD A EGAN FOUNDATION INC
 
% GREG NELSON
Number and street (or P.O. box number if mail is not delivered to street address)1900 OLD DIXIE HIGHWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT PIERCE, FL34946
A Employer identification number

65-0501660
B Telephone number (see instructions)

(772) 465-7555
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$132,773,516J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,348,124 1,348,124  
4 Dividends and interest from securities... 2,602,237 2,589,226  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,277,006
b Gross sales price for all assets on line 6a 40,137,230
7 Capital gain net income (from Part IV, line 2)... 7,277,006
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
65,142 65,142  
12 Total. Add lines 1 through 11........ 11,292,509 11,279,498  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
53,560 26,780 0 26,780
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
312,916 275,366   37,550
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
70,084 16,530   164
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 62     62
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
294,532 293,428   1,104
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 731,154 612,104 0 65,660
25 Contributions, gifts, grants paid....... 6,473,350 6,473,350
26 Total expenses and disbursements. Add lines 24 and 25 7,204,504 612,104 0 6,539,010
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,088,005
b Net investment income (if negative, enter -0-) 10,667,394
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.............      
2 Savings and temporary cash investments......... 17,691,682 29,924,326 29,924,326
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 arrow14,638,961
Less: allowance for doubtful accounts right arrow   13,432,971 Click to see attachment
List of Attached Documents:
// Content
14,638,961 		14,638,961
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 39,552,991 Click to see attachment
List of Attached Documents:
// Content
40,168,771 		45,187,699
c Investments—corporate bonds (attach schedule)....... 26,496,961 Click to see attachment
List of Attached Documents:
// Content
20,475,125 		19,760,462
11 Investments—land, buildings, and equipment: basis right arrow4,801,855
Less: accumulated depreciation (attach schedule) right arrow   1,381,355 4,801,855 4,801,855
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,937,180 Click to see attachment
List of Attached Documents:
// Content
11,851,886 		18,401,159
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
21,009 		Click to see attachment
List of Attached Documents:
// Content
59,054 		Click to see attachment
List of Attached Documents:
// Content
59,054
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 111,514,149 121,919,978 132,773,516
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue................. 924,237 1,214,608
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)......... 924,237 1,214,608
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 110,635,198 120,705,370
29 Total net assets or fund balances (see instructions)..... 110,635,198 120,705,370
30 Total liabilities and net assets/fund balances (see instructions). 111,559,435 121,919,978
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
110,635,198
2
Enter amount from Part I, line 27a .....................
2
4,088,005
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,982,167
4
Add lines 1, 2, and 3 ..........................
4
120,705,370
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
120,705,370
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - TRUIST P    
b PUBLICLY TRADED SECURITIES - MERRILL LYNCH P    
c PFIC CAP GAIN (LOSS) ESTIMATED P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 15,595,576   15,458,940 136,636
b 24,401,811   17,401,284 7,000,527
c 50,213     50,213
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       136,636
b       7,000,527
c       50,213
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 7,277,006
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) 1 148,277
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  
3 Add lines 1 and 2........................... 3 148,277
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 148,277
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 103,973
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 85,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 188,973
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......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 40,696
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow40,696 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowFL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowGREG NELSON Telephone no.right arrow (772) 465-7555

Located atright arrow1900 OLD DIXIE HIGHWAYFORT PIERCEFL ZIP+4right arrow34946
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
 
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
BERNADETTE M EMERICK PRESIDENT
10.0 		0 0 0
465 12TH SE PLACE
VERO BEACH,FL32962
JEAN JACQUES GILET VICE PRESIDENT
1.0 		0 0 0
4872 S HARBOR DRIVE
VERO BEACH,FL32967
GREGORY P NELSON SECRETARY/TREASURER
4.0 		0 0 0
1806 OCEAN DRIVE
VERO BEACH,FL32963
MARY R SHINN ASSISTANT SECRETARY
2.0 		0 0 0
2570 SUNNY SLOPES DRIVE
PARK CITY,UT84060
CATHERINE M ROHM ASSISTANT TREASURER
1.0 		0 0 0
2627 N INDIAN RIVER DRIVE
FORT PIERCE,FL34946
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
 
Total number of other employees paid over $50,000...................right arrow  
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
TRUIST INVESTMENT MGMT. 0
214 N TRYON STREET
CHARLOTTE,NC28202
BERNARD EGAN & COMPANY ADMIN SERVICES 312,916
1900 OLD DIXIE HIGHWAY
FORT PIERCE,FL34946
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
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
102,750,730
b
Average of monthly cash balances.......................
1b
29,893,627
c
Fair market value of all other assets (see instructions)................
1c
14,035,967
d
Total (add lines 1a, b, and c).........................
1d
146,680,324
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
146,680,324
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,200,205
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
144,480,119
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,224,006
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
7,224,006
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
148,277
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
148,277
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,075,729
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
7,075,729
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
7,075,729
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
6,539,010
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,539,010
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 7,075,729
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 6,468,226
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,539,010
a Applied to 2022, but not more than line 2a 6,468,226
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 70,784
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...... 		 
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 ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		7,004,945
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		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.... 0
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

1000 Friends of Florida

PO Box 5948
Tallahassee,FL32314 		N/A PC General Operations 200

A Caring Center for Women

1986 31st Ave
Suite 100
Vero Beach,FL32960 		N/A PC GENERAL SUPPORT, EVENT SUPPORT 26,500

A E Bean Backus Museum and Gallery

500 North Indian River Dr
Fort Pierce,FL34950 		N/A PC EDUCATION 5,000

Adorer Missionary Sisters of the Poor

PO Box 19895
West Palm Beach,FL33416 		N/A PC ORPHANAGE OPERATIONS, EDUCATION SUPPORT 155,000

Alzheimers and Parkinson Assoc of Indian River Co

2300 5th Avenue
Suite 150
Vero Beach,FL32960 		N/A PC Caregiver Funding; Parkinson's Disease 10,000

Alzheimers Community Care

800 Northpoint Parkway
Suite 101-B
West Palm Beach,FL33407 		N/A PC FACILITY SUPPORT 10,000

American Cancer Society

PO Box 17127
Tampa,FL33682 		N/A PC PROGRAM SUPPORT, SPONSORSHIP 90,000

American Cancer Society

1650 90th Ave
Vero Beach,FL32966 		N/A PC GENERAL SUPPORT 100

American Heart Association

11207 Blue Heron Blvd N
St Petersburg,FL337163721 		N/A PC Infant CPR in Treasure Coast Area 25,000

American Red Cross

1250 Northpoint Pkwy
West Palm Beach,FL33407 		N/A PC DISASTER RESPONSE; GENERAL SUPPORT 10,000

Apostoli Vitae

PO Box 304
Port Salerno,FL34992 		N/A PC SACRED WINDOWS 2,500

Arbor Day Foundation

100 Arbor Ave
Nebraska City,NE68410 		N/A PC GENERAL SUPPORT 250

BBBS of St Lucie Indian River & Okeechobee Count

1846 18th Ave
Vero Beach,FL32960 		N/A PC GENERAL SUPPORT 4,500

Boys and Girls Club of IRC

1729 17th Ave
Vero Beach,FL32960 		N/A PC Fellsmere 15,000

Boys and Girls Club of SLC

3104 Avenue J
Fort Pierce,FL34947 		N/A PC GENERAL SUPPORT; FACILITY SUPPORT 140,000

Brotherhood of Hope UCF Chapel

PO Box 17361
Smithfield,RI02917 		N/A PC UCF CHAPEL 25,000

Bureau of Catholic Indian Missions

2021 H Street NW
Washington,DC20006 		N/A PC GENERAL SUPPORT; EDUCATION 90,000

Camp Haven Inc

3256 US Hwy 1
Vero Beach,FL32960 		N/A PC SPONSORSHIP 20,000

Camp Hobe Incorporated

PO Box 520755
Salt Lake City,UT841520755 		N/A PC GENERAL SUPPORT 35,000

Capital Research Center

PO Box 98239
Washington,DC200777478 		N/A PC GENERAL SUPPORT 150,000

Catholic Charities USA

2050 Ballenger Ave
400
Alexandria,VA22314 		N/A PC RELIEF SUPPORT 16,000

Catholic Communication Campaign

PO Box 96278
Washington,DC200906278 		N/A PC GENERAL SUPPORT 4,000

Catholic Extension

150 S Wacker Dr
Suite 2000
Chicago,IL60606 		N/A PC GENERAL SUPPORT 10,000

Catholic Men for Jesus Christ of Florida

1605 Majorca Place
Vero Beach,FL32967 		N/A PC ANNUAL EVENT 6,000

Childcare Resources of Indian River

2300 5th Ave
Suite 149
Vero Beach,FL32960 		N/A PC GENERAL OPERATIONS 42,000

Cleveland Clinic Indian River Foundation

PO Box 128
Vero Beach,FL32961 		N/A PC GENERAL SUPPORT 350,200

Colorado State University Foundation

1101 Campus Delivery
Fort Collins,CO805231101 		N/A PC SCHOLARSHIP SUPPORT 10,000

Community Foundation of Martin St Lucie

4075 Virginia Ave
Fort Pierce,FL34981 		N/A PC GENERAL SUPPORT; SCHOLARSHIP 17,500

Crossover Mission

4425 US Hwy 1
Vero Beach,FL32967 		N/A PC GENERAL SUPPORT 15,000

Cultural Council of Indian River County

2400 15th Avenue
Vero Beach,FL32960 		N/A PC 2024 - WW II Tribute 15,000

Discalced Carmelites of Manjummel Inc

345 S Military Trail
West Palm Beach,FL33415 		N/A PC Greenhouse Cultivation PROJECT SUPPORT 5,000

Divine Mercy Communications Inc

2020 Eau Gallie Blvd
103
Melbourne,FL32935 		N/A PC Catholic Radio 12,000

ELC of Indian River Martin & Okeechobee Counties

10 SE Central Parkway
200
Stuart,FL34994 		N/A PC General support 8,000

Environmental Learning Center

255 Live Oak Drive
Vero Beach,FL32963 		N/A PC General support 1,000

Equestrian Order of the Holy Sepulchre of Jerusale

2955 Ridgelake Drive
Suite 205
Metairie,LA70002 		N/A PC Aid & Assistance to Christians in Holy Land 7,000

Exchange Club of Fellsmere Foundation

56 1/2 N Broadway
Fellsmere,FL32948 		N/A PC GENERAL SUPPORT 500

Exchange Club of Indian River Foundation Inc

PO Box 93
Vero Beach,FL329610093 		N/A PC Prevention of Child Abuse 4,000

FL K or C Charities Inc

2300 Indian Creek Blvd West
Apt C 110
Vero Beach,FL32966 		N/A PC General Operations 7,000

Florida Chamber of Commerce Foundation Inc

136 S Bronough St
Tallahassee,FL323017706 		N/A PC General support 1,000

Florida Citrus Hall of Fame

PO Box 1576
Bartow,FL338311576 		N/A PC Sponsorship; Educational outreach 1,250

Florida Remembered Society Inc

1900 Old Dixie Highway
Fort Pierce,FL34946 		N/A PC Project SUPPORT 160,000

Florida Southern College

111 Lake Hollingsworth Dr
Lakeland,FL338015698 		N/A PC Fellowship support 1,750

Florida Specialty Crop Foundation

PO Box 948153
Maitland,FL327948153 		N/A PC General support 4,500

Florida's Natural Growers Foundation Inc

20205 US Highway 27
Lake Wales,FL338533080 		N/A PC PROGRAM support 1,500

FOCUS (Fellowship of Catholic University Students)

PO Box 17408
Denver,CO80217 		N/A PC General support 50,000

Franciscan University of Steubenville

1235 University Blvd
Steubenville,OH439521763 		N/A PC Scholarship 10,000

Friends of Harbor Branch (FAUF)

5600 US 1 North
Fort Pierce,FL34946 		N/A PC Cancer research program 5,000

FSU Foundation

2498 S 35th Street
Fort Pierce,FL349815573 		N/A PC Scholarship 30,000

Gifford Youth Achievement Center

4875 43rd Ave
Vero Beach,FL32967 		N/A PC GALA SPONSORSHIP; ANNUAL GENERAL SUPPORT 34,400

GiveWell Community Foundation

1501 South Florida Avenue
Lakeland,FL33803 		N/A PC General support 200

Graceway Village

1780 Hartman Road
Fort Pierce,FL34947 		N/A PC Capital Campaign 50,000

Gulf Citrus Growers Assoc Scholarship Foundation

11741 Palm Beach Blvd
Fort Myers,FL33905 		N/A PC General Operations 500

Haiti Clinic Inc

865 37th Place
Vero Beach,FL32960 		N/A PC General support 23,000

Hands of St Lucie County

3855 South US1 Suite B
Fort Pierce,FL34982 		N/A PC General support 20,000

Harvest Food and Outreach Center

1400 27th Street
Vero Beach,FL32960 		N/A PC General support 35,000

Heathcote Botanical Gardens

210 Savannah Rd
Fort Pierce,FL34982 		N/A PC General support 250

Heritage Foundation

214 Massachusetts Ave NE
Washington,DC200907057 		N/A PC Young Leaders Program 50,000

Hibiscus Children's Center

PO Box 1742
Vero Beach,FL329619904 		N/A PC Annual Support & Counseling & Shelter 20,000

His Way at Work

1790 Dewberry Road
Spartanburg,SC29307 		N/A PC General support 10,000

Holy Cross Catholic Church

2605 Highway A1A
Vero Beach,FL32963 		N/A PC General support 10,000

Holy Cross Catholic Church (Indiantown)

PO Box 999
Indiantown,FL34956 		N/A PC General support 8,000

Holy Family Church

2330 SE Mariposa Ave
Port St Lucie,FL34952 		N/A PC Mission support, SUPPORT UKRAINIAN REFUGEES 120,000

Hope for Leogane

425 N M Street
Lake Worth,FL33460 		N/A PC Fr. Jean's Haitian Mission 18,000

ICAN (International Cancer Advocacy Network)

27 West Morten Avenue
Phoenix,AZ850217246 		N/A PC Program support 75,000

Indian River Community Foundation

PO Box 643968
Vero Beach,FL329643968 		N/A PC General SUPPORT 20,000

Indian River County Healthy Start Coalition

1555 Indian River Blvd
Suite B241
Vero Beach,FL32960 		N/A PC General support Relief 14,000

Indian River County Medical Society Foundation Inc

PO Box 573
Vero Beach,FL32961 		N/A PC GENERAL OPERATIONS, SPONSOTSHIP 38,000

Indian River Firefighters Benevolent Assoc

PO Box 2014
Vero Beach,FL32961 		N/A PC General support 500

Indian River Habitat for Humanity

4568 N US Highway 1
Vero Beach,FL32967 		N/A PC Fellsmere 15,150

International Waldenstroms Macroglobulinemia Fdn

6144 Clark Center Ave
Sarasota,FL34238 		N/A PC Memorial donation 10,000

IRCYLH

PO Box 613
Fellsmere,FL32948 		N/A PC General support 250

IRSA

7955 58th Ave
Vero Beach,FL32967 		N/A PC General support 250

John Carroll Catholic High School

3402 Delaware Ave
Fort Pierce,FL34947 		N/A PC EDUCATION SUPPORT, Athletics program; Tuition assistance; Capital Imp 217,000

Knights of Columbus Charities Inc

One Columbus Plaza
New Haven,CT06510 		N/A PC General support; SCHOLARSHIPS, DISASTER & REFUGEE RELIEF 437,500

KNIGHTS OF COLUMBUS COUNCIL 12141

HOLY CROSS
VERO BEACH,FL32967 		N/A PC Sponsorship 500

LEADERSHIP INSTITUTE

1101 N HIGHLAND ST
ARLINGTON,VA22201 		N/A PC General support 150,000

LEARN TO READ OF ST LUCIE COUNTY

811 DELAWARE AVENUE
FORT PIERCE,FL34950 		N/A PC General support 37,000

LEGIONARIES OF CHRIST SEMINARY

30 MANSELL CT
SUITE 103
ROSWELL,GA30076 		N/A PC Scholarships 150,000

LEUKEMIA & LYMPHOMA SOCIETY

PO BOX 22443
NEW YORK,NY10087 		N/A PC LOCAL SERVICE SUPPORT IN IRC AND SLC 5,500

Life Builders of the Treasure Coast

216 S 2nd St
Fort Pierce,FL34950 		N/A PC General support 5,000

Life Saver Ads

Box 1711
Palm City,FL34991 		N/A PC General support 10,000

Literacy Services of Indian River County Inc

1600 21st Street
Vero Beach,FL32960 		N/A PC General support 3,000

LITTLE BIRTHDAY ANGELS INC

1275 US HWY 1
STE 2 PMB 131
VERO BEACH,FL32960 		N/A PC General support 35,000

MARY'S HOME OF THE TREASURE COAST

PO BOX 958
STUART,FL34995 		N/A PC Housing for Pregnant women 15,000

MARYWOOD UNIVERSITY

2300 ADAMS AVENUE
SCRANTON,PA18509 		N/A PC Scholarship 11,000

MAYO CLINIC

200 1ST ST SW
ROCHESTER,MN55905 		N/A PC CARBON ION THERAPY 110,000

MCKEE BOTANICAL GARDEN

350 US HIGHWAY 1
VERO BEACH,FL32962 		N/A PC General support 2,000

MENTAL HEALTH ASSOCIATION IN INDIAN RIVER COUNTY

820 37th Place
Vero Beach,FL32960 		N/A PC Endowment fund; Local Services 15,000

MIRAVIA (FORMERLY ROOM AT THE INN)

PO BOX 11499
CHARLOTTE,NC282201400 		N/A PC Housing for Pregnant College Students 18,000

MISSIONARY FLIGHTS INTERNATIONAL

3170 Airmans Drive
Fort Pierce,FL34946 		N/A PC General support 25,000

MUSTARD SEED MINISTRIES

PO Box 3612
Fort Pierce,FL34848 		N/A PC GENERAL SUPPORT 5,000

NATHANIEL'S HOPE INC

5210 S Orange Ave
Orlando,FL32809 		N/A PC Buddy Break Program, FACILITY SUPPORT 20,000

NATIONAL NAVY UDT-SEAL MUSEUM AND MEMORIAL

3300 N Highway A1A
Fort Pierce,FL349498520 		N/A PC General support 850

NEW HORIZONS THE LANGFORD CENTER FOR CHILDREN

4500 W Midway Road
Fort Pierce,FL34981 		N/A PC 4 Our Kids/Children mental Health 6,000

NOTRE DAME CATHOLIC MISSION

217 N US Highway 1
Fort Pierce,FL34950 		N/A PC Night of Joy; General support 22,000

OCEAN RESEARCH AND CONSERVATION ASSOCIATION (ORCA)

1235 16th St
Vero Beach,FL32960 		N/A PC Middle School Education 35,000

OPEN HEARTS ART CENTER

217 Coxe Ave
Asheville,NC28801 		N/A PC General support, Budget Assistance 40,000

OPERATION HOPE

PO Box 1152
Fellsmere,FL32948 		N/A PC General support 10,500

OUR LADY OF GUADALUPE MISSION

PO Box 9
Fellsmere,FL32948 		N/A PC Christian Education & Assist., 2024 Center Construction 90,000

PACIFIC LEGAL FOUNDATION

555 Capitol Mall
Suite 1290
Sacramento,CA95814 		N/A PC Countering Government Abuse 50,000

PAULIST FATHERS

1225 20th Avenue
Vero Beach,FL32960 		N/A PC For Local Retired Priests 30,000

PRAGER UNIVERSITY FOUNDATION

15021 Ventura Blvd 552
Sherman Oaks,CA91403 		N/A PC member contribution 3,500

REDLANDS CHRISTIAN MIGRANTS ASSOCIATION

402 W Main Street
Immokalee,FL341423933 		N/A PC EDUCATION 45,000

RYAN CENTER FOR YOUNG CHILDREN

2330 SE Mariposa Ave
Port St Lucie,FL34952 		N/A PC EARLY CHILD EDUCATION 50,000

SAMARITAN CENTER

3650 41st Street
Vero Beach,FL32967 		N/A PC Sponsorship; General support 248,550

SAN JUAN DIEGO PASTORAL CENTER

PO Box 1197
Fort Pierce,FL34947 		N/A PC Operations 35,000

SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY

PO Box 1820
Vero Beach,FL32961 		N/A PC GENERAL SUPPORT, EVENT SUPPORT 7,600

SENIOR RESOURCE ASSOCIATION

694 14th Street
Vero Beach,FL32960 		N/A PC Memorial donation; COVID relief; General support 52,000

SHINING LIGHT GARDEN FOUNDATION INC

6865 33rd Avenue
Vero Beach,FL32967 		N/A PC General support 7,000

SOAP2HOPE

1540 S Main Street
Salt Lake City,UT84115 		N/A PC General support 5,000

SOCIETY OF ST ANDREW FLORIDA

PO Box 536842
Orlando,FL32853 		N/A PC General support 7,500

SPECIAL EQUESTRIANS OF THE TREASURE COAST (SETC)

PO Box 651312
Vero Beach,FL32965 		N/A PC Facility Improvement, GENERAL OPERATIONS 204,000

SPRING HILL COLLEGE

4000 Dauphin Street
Mobile,AL36608 		N/A PC Scholarship fund 10,000

ST ANASTASIA CATHOLIC CHURCH

407 South 33rd Street
Fort Pierce,FL34947 		N/A PC General support; St. A's NET Ministries; 2023 Discipleship Program 58,000

ST ANASTASIA CATHOLIC SCHOOL

401 South 33rd Street
Fort Pierce,FL34947 		N/A PC Education, Tuition Assistance, Capital Improvements 120,000

ST ANASTASIA SCHOOL ENDOWMENT INC

401 South 33rd Street
Fort Pierce,FL34947 		N/A PC SCHOLARSHIP, CORPUS 50,000

ST BALDRICK'S FOUNDATION

1333 S Mayflower Ave
Suite 400
Monrovia,CA91016 		N/A PC General support 2,000

ST BERNADETTE CATHOLIC CHURCH

350 NW California Blvd
Port St Lucie,FL34986 		N/A PC Tuition Assistance - JCHS Operations Support 3,000

ST FRANCIS MANOR OF VERO BEACH

1750 20th Avenue
Vero Beach,FL32960 		N/A PC Providing Apartments to Low Income Seniors 40,000

ST JOHN OF THE CROSS CATHOLIC CHURCH

7590 26th Street
Vero Beach,FL32966 		N/A PC General support 18,000

ST JOHN PAUL II NATIONAL SHRINE

3900 Harewood Road NE
Washington,DC200171505 		N/A PC General support 5,000

ST JOHN VIANNEY COLLEGE SEMINARY

2900 SW 87th Avenue
Miami,FL33165 		N/A PC Tuition support 10,000

ST LUCIE COUNTY HUNDRED CLUB

4700 West Midway Road
Fort Pierce,FL34981 		N/A PC Corporate Membership/Donation 500

ST LUCIE HABITAT FOR HUMANITY INC

702 South 6th Street
Fort Pierce,FL34950 		N/A PC Neighborhood Revitalization 25,000

ST MARK THE EVANGELIST CATHOLIC CHURCH

1924 Zephyr Avenue
Fort Pierce,FL34982 		N/A PC Scholarships; General support; St. Vincent de Paul 59,000

ST MARY OF THE ASSUMPTION CATHOLIC CHURCH

1505 W White Pine Canyon Rd
Park City,UT84060 		N/A PC Religious Education; Gabriel project 80,000

ST SEBASTIAN CATHOLIC CHURCH

13075 US Highway 1
Sebastian,FL32958 		N/A PC General support 10,000

ST VINCENT DE PAUL REGIONAL SEMINARY

10701 S Military Trail
Boynton Beach,FL33436 		N/A PC General support 10,000

ST VINCENT DE PAUL SOCIETY

1745 14th Avenue
Vero Beach,FL32960 		N/A PC General support 33,000

ST VINCENT DE PAUL VERO BEACH

5480 85th Street
Vero Beach,FL329675544 		N/A PC General OPERATIONS, COVID RELIEF 33,000

SUBSTANCE AWARENESS CENTER

1507 20th Street
Vero Beach,FL32960 		N/A PC Education Program; Transitional housing 42,000

SUNSHINE PHYSICAL THERAPY CLINIC

1705 17th Avenue
Vero Beach,FL32960 		N/A PC Event support, GENERAL OPERATIONS 40,000

THE ALZHEIMERPARKINSON ASSOCIATION OF IRC

2300 5th Avenue
Suite 150
Vero Beach,FL32960 		N/A PC General support 250

THE ARC OF INDIAN RIVER COUNTY

1375 16th Avenue
Vero Beach,FL32960 		N/A PC General support 205,000

THE ARC OF THE TREASURE COAST

2001 S Kanner Highway
Stuart,FL34994 		N/A PC General support 15,000

THE BUGGY BUNCH

1450 21st Street
Vero Beach,FL32960 		N/A PC PROGRAM support, GENERAL OPERATIONS 35,000

THE FOUNDATION FOR THE KIWANIS CLUB OF VERO

PO Box 6381
Vero Beach,FL32961 		N/A PC General support; Event Support 3,500

THE HOPE FOR FAMILIES CENTER

720 4th Street
Vero Beach,FL32962 		N/A PC Homeless Shelter 30,000

THE MMRF TEAM FOR CURES 5K

PO Box 414238
Boston,MA02241 		N/A PC Event support; Memorial donation 3,000

THE PARKINSON'S FOUNDATION

1359 Broadway
Ste 1509
New York,NY10018 		N/A PC General support 250

THE SISTERS OF ST JOSEPH OF ST AUGUSTINE

PO Box 3506
St Augustine,FL32085 		N/A PC General support 18,000

THE SOURCE

PO Box 2458
Vero Beach,FL32961 		N/A PC Budget Assistance 35,000

THE SOURCE

1965 42nd Ave
Vero Beach,FL32060 		N/A PC Budget Assistance 372,000

THE ST LUCIE HISTORICAL SOCIETY

PO Box 578
Fort Pierce,FL34954 		N/A PC General support 100

THE TREASURE COAST YOUTH SAILING FOUNDATION INC

PO Box 1783
Fort Pierce,FL349541783 		N/A PC General support 500

THE WAY CENTER

20 North 6th Street
Haines City,FL33845 		N/A PC General support 4,000

TREASURE COAST HOMELESS SERVICES COUNCIL INC

2525 St Lucie Avenue
Vero Beach,FL32960 		N/A PC Naomi's House; Adam's Place 65,000

TRINITY MISSIONS

9001 New Hampshire Ave
Silver Spring,MD209033626 		N/A PC Seminary 5,000

TUNNEL TO TOWERS FOUNDATION

2361 Hylan Boulevard
Staten Island,NY10306 		N/A PC Fall event 2,500

UNITED AGAINST POVERTY

1400 27th Street
Vero Beach,FL32960 		N/A PC General SLC, General IRC 365,000

UNITED AGAINST POVERTY

1400 27th Street
Vero Beach,FL32960 		N/A PC Event support 1,500

UNITED WAY OF INDIAN RIVER CO

PO Box 1960
Vero Beach,FL329611960 		N/A PC Event support; Annual campaign 35,700

UNITED WAY OF ST LUCIE CO

4800 S US 1
Fort Pierce,FL34982 		N/A PC Annual Campaign 37,000

VERO BEACH ROWING INC

PO Box 643063
Vero Beach,FL32964 		N/A PC General support 5,500

VERO HERITAGE INC

PO Box 303
Vero Beach,FL329610303 		N/A PC Donation 2,500

VETERANS COUNCIL OF INDIAN RIVER COUNTY

P O Box 1354
Vero Beach,FL32961 		N/A PC Sponsorship 2,500

VICTORY RIDGE CHARITABLE FUND INC

501 Burns Avenue
Lake Wales,FL33853 		N/A PC Sponsorship 500

VISITING NURSE ASSOCIATION & HOSPICE FOUNDATION

920 37th Place
Ste 101
Vero Beach,FL32960 		N/A PC Local Services 20,150

VNA OF THE TREASURE COAST

1110 35TH Lane
Vero Beach,FL32960 		N/A PC General support 150

WOMEN'S REFUGE OF VERO BEACH

1850 Lemon Avenue
Vero Beach,FL32960 		N/A PC sponsorship 10,000

WOUNDED WATERS

1295 66th Ave
Vero Beach,FL32966 		N/A PC General support 500

XAVIER HIGH SCHOOL

30 West 16th Street
New York,NY10114 		N/A PC Education/Scholarships 95,000

YOUTH GUIDANCE DONATION FD OF INDIAN RIVER COUNTY

1028 20th Place
Vero Beach,FL32960 		N/A PC General support; renovations 20,000

YOUTH ON A MISSION OF INDIAN RIVER INC

1923 Robalo Dr
Vero Beach,FL32960 		N/A PC General Operations 30,000

YOUTH SAILING FOUNDATION OF INDIAN RIVER COUNTY

PO Box 612
Vero Beach,FL329610612 		N/A PC General support 2,000
Total .................................right arrow 3a 6,473,350
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,348,124  
4 Dividends and interest from securities .... 523000 13,011 14 2,589,226  
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 .....     18 65,142  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 7,277,006  
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) .. 13,011 11,279,498  
13Total. Add line 12, columns (b), (d), and (e)..................
13
11,292,509
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 53,560 26,780   26,780

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

TY 2023 DepreciationSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 InvestmentsCorpBondsSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Name of Bond End of Year Book Value End of Year Fair Market Value
MERRILL LYNCH - BONDS 1,517,782 1,525,337
TRUIST - BONDS 18,957,343 18,235,125

TY 2023 InvestmentsCorpStockSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Name of Stock End of Year Book Value End of Year Fair Market Value
MERRILL LYNCH - EQUITIES 30,390,656 28,663,103
TRUIST - EQUITIES 9,526,865 16,292,046
INV IN MARINE BANCORP 151,250 132,550
SWAN VALLEY MEDICAL, INC 100,000 100,000

TY 2023 InvestmentsOtherSchedule2
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
TRUIST - OTHER INVESTMENTS   9,433,448 16,133,177
INVESTMENT IN CCA BLACK   849,504 849,504
ML #1 ALTERNATIVE INVESTMENTS   1,568,934 1,418,478

TY 2023 OtherAssetsSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED BOND INTEREST 21,009 59,054 59,054


TY 2023 OtherExpensesSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES 284,720 284,720    
K-1 PORTFOLIO DEDUCTIONS 8,708 8,708    
MISCELLANEOUS 1,076     1,076
DUES & SUBSCRIPTIONS 28     28


TY 2023 OtherIncomeSchedule2
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 ORDINARY INCOME 63,862 63,862  
MISCELLANEOUS INCOME 1,272 1,272  
K-1 OTHER INCOME 8 8  


TY 2023 OtherIncreasesSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Description Amount
BOOK/TAX VARIANCE 5,982,167


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
INV IN NEOTHERMA ONCOLOGY   1,200,000 2,399,307 2018-08     0 %        
FORT MARINE LLC   4,500,000 4,800,345 2021-09 2026-09   5 %        
5138 W SAN JOSE LLC   2,425,500 4,072,450 2020-07 2028-05   550 % CERTAIN PROPERTY LOCATED IN HILLSBOROGH COUNTY, FL      
BALLET FLORIDA INC   2,500,000 2,666,859 2021-08 2026-08   5 %        
RIOMAR BEACH LLC   700,000 700,000 2023-09 2024-11   750 %        

TY 2023 OtherProfessionalFeesSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE FEES 312,916 275,366   37,550


TY 2023 TaxesSchedule
Name:
BERNARD A EGAN FOUNDATION INC
EIN:
65-0501660
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAX 53,390      
FOREIGN TAXES 16,530 16,530    
OTHER TAXES 164     164