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
THE BLAIR FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)4455 MILITARY TRAIL 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JUPITER, FL33458
A Employer identification number

83-2638814
B Telephone number (see instructions)

(561) 367-1040
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$13,311,905J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 293,970 293,970  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 228,090
b Gross sales price for all assets on line 6a 1,434,974
7 Capital gain net income (from Part IV, line 2)... 228,090
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 522,060 522,060  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 8,000 4,000   4,000
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
6,000 3,000   3,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
66,277 66,277   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,343 3,343   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
61 0   61
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 83,681 76,620   7,061
25 Contributions, gifts, grants paid....... 688,100 688,100
26 Total expenses and disbursements. Add lines 24 and 25 771,781 76,620   695,161
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -249,721
b Net investment income (if negative, enter -0-) 445,440
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......... 187,222 126,292 126,304
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,537,046 Click to see attachment
List of Attached Documents:
// Content
4,208,001 		6,978,806
c Investments—corporate bonds (attach schedule)....... 6,245,349 Click to see attachment
List of Attached Documents:
// Content
6,435,117 		6,206,795
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,969,617 10,769,410 13,311,905
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) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
49,514
23 Total liabilities (add lines 17 through 22)......... 0 49,514
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 10,969,617 10,719,896
29 Total net assets or fund balances (see instructions)..... 10,969,617 10,719,896
30 Total liabilities and net assets/fund balances (see instructions). 10,969,617 10,769,410
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
10,969,617
2
Enter amount from Part I, line 27a .....................
2
-249,721
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,719,896
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
10,719,896
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
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 1,434,974   1,206,884 228,090
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       228,090
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 228,090
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 6,192
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 6,192
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 6,192
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 29,357
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,357
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 23,165
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow23,165 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 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 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 arrowDONALD BLAIR Telephone no.right arrow (561) 367-1040

Located atright arrow4455 MILITARY TRAIL SUITE 201JUPITERFL ZIP+4right arrow33458
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
DONALD W BLAIR DIRECTOR
5.00 		0 0 0
4455 MILITARY TRAIL SUITE 201
JUPITER,FL33458
MARY E BLAIR DIRECTOR
5.00 		0 0 0
4455 MILITARY TRAIL SUITE 201
JUPITER,FL33458
DOUGLAS K BLAIR DIRECTOR
5.00 		4,000 0 0
4455 MILITARY TRAIL SUITE 201
JUPITER,FL33458
PATRICK C BLAIR DIRECTOR
5.00 		4,000 0 0
4455 MILITARY TRAIL SUITE 201
JUPITER,FL33458
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (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
13,052,474
b
Average of monthly cash balances.......................
1b
147,306
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
13,199,780
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
13,199,780
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
197,997
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,001,783
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
650,089
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
650,089
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,192
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,192
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
643,897
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
643,897
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
643,897
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
695,161
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
695,161
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 7 643,897
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 10,757
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$ 695,161
a Applied to 2023, but not more than line 2a 10,757
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..... 643,897
e Remaining amount distributed out of corpus 40,507
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 40,507
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 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 ...... 		40,507
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.... 40,507
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).)
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

ALTERNATIVE SCHOOL FOR MATH & SCIENCE

291 E 1ST ST
CORNING,NY14830 		NONE PC SUPPORT OF PROGRAMS AND SERVICES 5,000

AMERICAN RED CROSS

431 18TH STREET NW
WASHINGTON,DC20006 		NONE PC HURRICANE MILTON RELIEF; HURRICANE HELENE RELIEF 25,000

CAPITAL HILL CRISIS PREGNANCY CENTER

713 MARYLAND AVE NE
WASHINGTON,DC20002 		NONE PC DONATION FOR GENERAL CAMPAIGN 15,000

CAPITAL HILL CRISIS PREGNANCY CENTER

713 MARYLAND AVE NE
WASHINGTON,DC20002 		NONE PC DONATION FOR GENERAL CAMPAIGN 5,000

CAPITAL HILL CRISIS PREGNANCY CENTER

713 MARYLAND AVE NE
WASHINGTON,DC20002 		NONE PC DONATION FOR GENERAL CAMPAIGN 5,000

CENTRAL UNION MISSION

PO BOX 96763
WASHINGTON,DC200906763 		NONE PC SUPPORT ASSISTANCE WITH HOMELESSNESS AND POVERTY 5,000

CLEAN OCEAN ACTION

49 AVENEL BLVD
LONG BRANCH,NJ07740 		NONE PC TRIBUTE IN MEMORY OF DAVID B CROTTY TO PROTECT THE OCEAN DIRECTED TOWARD THE INTERNSHIP PROGRAM FUND 500

CROSSOVER MISSION INC

4425 US HWY 1
VERO BEACH,FL32967 		NONE PC SUPPORTS NEW CROSSOVER MISSION CENTER. HOME COURT ADVANTAGE CAMPAIGN 75,000

FANCONI ANEMIA RESEARCH FUND

1801 WILLAMETTE ST STE 200
EUGENE,OR97401 		NONE PC SCIENTIFIC RESEARCH 1,500

GIFFORD YOUTH ACHIEVEMENT CENTER

4875 43RD AVE
VERO BEACH,FL32967 		NONE PC BETTERING THE LIVES OF STUDENTS 15,000

INTERFAITH NEIGHBORS

810 FOURTH AVENUE
ASBURY PARK,NJ07712 		NONE PC MEETING THE MOMENT CAMPAIGN, RENTAL AND MORTGAGE ASSISTANCE PROGRAM, MEALS ON WHEELS PROGRAM, AND COMMUNITY WORKSHOPS AND PROGRAMMING ASSISTANCE. 15,000

JOHN'S ISLAND FOUNDATION

6001 HIGHWAY A1A PMB 8323
INDIAN RIVER SHORES,FL32963 		NONE PC COMMUNITY IMPROVEMENT & EDUCATION 25,000

LITERARY ARTS

716 SE GRAND AVENUE
PORTLAND,OR97214 		NONE PC FURTHER YOUTH LITERACY 5,000

OREGON PUBLIC BROADCASTING

7140 SW MACADAM AVENUE
PORTLAND,OR97219 		NONE PC SUPPORT PUBLIC JOURNALISM 3,600

PAN-MASS CHALLENGE (PMC)

77 4TH AVE
NEEDHAM,MA02494 		NONE PC SUPPORT INNOVATIVE WORK OF DOCTORS, NURSES AND SCIENTISTS AT DANA FARBER CANCER INSTITUTE 2,500

PORTLAND ART MUSEUM

1239 SW PARK AVENUE
PORTLAND,OR97205 		NONE PC FURTHER THE FINE ARTS - CONNECTION CAMPAIGN & NORTHWEST FILM CENTER 120,000

SAFE SPACE

612 SE DIXIE HIGHWAY
STUART,FL34994 		NONE PC TO SUPPORT PROGRAMS AND SERVICES THAT ARE PROVIDED TO VICTIMS OF DOMESTIC VIOLENCE ACROSS THE TREASURE COAST. 50,000

UNITED WAY OF INDIAN RIVER COUNTY

1836 14TH AVENUE
VERO BEACH,FL32960 		NONE PC HURRICAN RECOVERY FUND LAUNCHED TO ASSIST HURRICANE MILTON DAMAGE 25,000

UNITED WAY OF INDIAN RIVER COUNTY

1836 14TH AVENUE
VERO BEACH,FL32960 		NONE PC DONATION FOR 2024-2025 CAMPAIGN 10,000

VERO BEACH MUSEUM OF ART

3001 RIVERSIDE PARK DRIVE
VERO BEACH,FL329631807 		NONE PC DONATION FOR EXHIBITION OF ROADSIDE REVERIE 5,000

VERO BEACH MUSEUM OF ART

3001 RIVERSIDE PARK DRIVE
VERO BEACH,FL32963 		NONE PC SUPPORT THE VERO BEACH MUSEAUM OF AFRT'S CAPITAL CAMPAIGN 250,000

YOUTH GUIDANCE MENTORING ACADEMY

1028 20TH PL
VERO BEACH,FL32960 		NONE PC SUPPORT OUR PRE-APPRENTICESHIP PROGRAM 25,000
Total .................................right arrow 3a 688,100
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 ........... 		         
4 Dividends and interest from securities ....     14 293,970  
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 ............ 		    14 228,090  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 522,060 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
522,060
(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 AccountingFeesSchedule
Name:
THE BLAIR FAMILY FOUNDATION INC
EIN:
83-2638814
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 6,000 3,000   3,000

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE BLAIR FAMILY FOUNDATION INC
EIN:
83-2638814
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LAB 1.4% 06/30/2030 100,174 104,796
ADVANCE AUTO PARTS, INC. 1.75% 10/01/2027 USD SR LIEN 74,754 67,281
AIR LEASE CORP 2.875% 01/15/2026 SR LIEN 68,515 67,454
ALTRIA GROUP, INC. 4.8% 02/14/2029 USD SR LIEN 44,063 40,265
AMAZON.COM 1.5% 06/03/2030 62,319 65,415
AMERICAN EXPRESS CO. 3.125% 05/20/26 74,799 73,738
AMERICAN TOWER CORP 3.95% 03/15/2029 USD SR LIEN NEXT 50,761 50,437
AMGEN INC. 1.65% 08/15/2028 SR LIEN 81,039 73,811
APPLE INC 2.2% 09/11/2029 56,904 56,094
APPLE INC. 1.4% 08/05/2028 43,739 43,356
ASTRAZENECA PLC 1.375% 08/06/2030 26,235 26,824
AT&T INC. 4.35% 03/01/2029 USD SER 10YR SR LIEN 56,114 50,661
AUTOMATIC DATA PROCESSING INC 1.25% 09/01/2030 104,529 106,830
AXA EQUITABLE HOLDINGS INC 4.35% 04/20/2028 USD SER 13,076 12,849
B.A.T. CAPITAL CORPORATION 4.7% 04/02/2027 USD SR LIEN 31,811 32,236
BANK OF AMERICA CORP. MTN 4.183% 11/25/2027 USD SER L SUB LIEN 42,236 39,428
BANK OF NOVA SCOTIA 2.7% 08/03/26 24,935 24,537
BANK OF NY MELLON CORP MTN 1.8% 07/28/2031 38,873 38,475
BAT INTL FINANCIAL PLLC 4.448% 03/16/2028 25,340 25,920
BERKSHIRE HATHAWAY FINANCECOR 1.85% 03/12/2030 68,205 71,998
BOEING COMPANY 2.196% 02/04/2026 USD SR LIEN 39,878 40,127
BRISTOL-MYERS SQUIBB CO 1.125% 11/13/2027 USD SR LIEN 109,467 101,235
CANADIAN PACIFIC RAILWAY 2.05% 03/05/2030 37,025 39,395
CAPITAL ONE FINANCIAL CORPORAT HYBRID 11/02/2027 USD SR LIEN 74,862 79,619
CATERPILLAR INC 2.6% 09/19/2029 27,958 27,553
CHUBB INA HOLDINGS INC 1.375% 09/15/2030 84,173 85,971
CITIGROUP INC. 4.6% 03/09/26 101,908 101,159
COCA-COLA CO /THE 2.125% 09/06/2029 101,447 100,218
CONSTELLATION BRANDS INC 3.6% 02/15/2028 USD SR LIEN 51,110 47,729
CROWN CASTLE INTL CORP 1.05% 07/15/2026 USD SR LIEN 44,859 42,733
CROWN CASTLE INTL CORP 3.1% 11/15/2029 26,865 26,490
CVS HEALTH CORP 3.75% 04/01/2030 38,301 37,005
DIGITAL REALTY TRUST LP 3.6% 07/01/2029 USD SR LIEN NEXT 45,458 45,309
DISCOVER FINANCIAL SVS 4.1% 02/09/2027 USD SR LIEN NEXT 33,257 33,939
EMERSON ELECTRIC CO 0.875% 10/15/2026 USD SR LIEN 124,640 117,722
ENTERPRISE PRODUCTS OPERATING 3.125% 07/31/2029 69,212 69,825
EXXON MOBIL CORPORATION 3.294% 03/19/2027 USD SR LIEN 125,451 118,739
GILLEAD SCIENCES INC. 1.2% 10/01/2027 USD SR LIEN 72,765 67,678
HEALTHPEAK PROPERTIES INC. 2.125% 12/01/2028 SR LIEN 80,338 72,092
HOME DEPOT 1.375% 03/15/2031 26,456 26,865
HONEYWELL INTERNATIONAL INC 1.75% 09/01/2031 93,248 92,478
INGERSOLL-RAND LUXEMBOURG FINA 3.5% 03/21/26 50,003 49,790
INTEL CORPORATION 1.6% 08/12/2028 SR LIEN 90,254 80,836
INTERNATIONAL BUSINESS MACHINE 3.3% 05/15/26 124,767 123,285
ISHARES IBOXX CORP. BOND ETF 928,421 851,858
JOHNSON & JOHNSON 0.95% 09/01/2027 USD SR LIEN 114,922 105,777
JPMORGAN CHASE & CO. HYBRID 01/29/27 107,750 100,895
KIMBERLY CLARK CORPORATION 2.0% 11/02/2031 68,385 67,760
KIMCO REALTY CORP 1.9% 03/01/2028 USD SR LIEN 79,643 73,588
MERICK & CO. INC 1.9% 12/10/2028 83,867 86,708
NIKE INC. 2.375% 11/01/26 24,679 24,195
PEPSICO INC . 1.625% 05/01/2030 70,734 69,325
PERKINELMER INC. 1.9% 09/15/2028 SR LIEN 71,380 64,850
PFIZER INC 1.75% 08/18/2031 46,644 46,494
PNC FINANCIAL SERVICES GROUP 2.6% 07/23/26 111,786 109,765
PRAXAIR INC. 1.1% 08/10/2030 50,641 53,223
PRAXAIR INC. 3.2% 01/30/26 37,421 36,986
PROCTER & GAMBLE CO THE 1.2% 10/29/2030 76,684 77,833
PRUDENTIAL FINANCIAL 2.1% 03/10/2030 67,314 71,913
PUBLIC STORAGE 1.95% 11/09/2028 SR LIEN 108,266 97,493
REALTY INCOME CORP 3.4% 01/15/2028 SR LIEN 36,434 34,130
REGIONS FINANCIAL CORP 1.8% 08/12/2028 SR LIEN 79,897 72,706
REPUBLIC SERVICES INC 1.45% 02/15/2031 53,545 53,087
ROPER TECHNOLOGIES INC 1.4% 09/15/2027 USD SR LIEN 104,853 96,596
S&P GLOBAL, INC. 1.25% 08/15/2030 69,940 71,587
SALESFORCE.COM INC. 1.5% 07/15/2028 SR LIEN 105,945 96,882
SHELL INTERNATIONAL FINANCES 2.375% 11/07/2029 36,937 39,618
SUMITOMO MITSUI FINANCIAL GROU 4.306% 10/16/2028 USD SR LIEN 77,222 76,272
SYNCHRONY FINANCIAL 3.7% 08/04/2026 USD SR LIEN 46,262 44,694
TEXAS INSTRUMENTS INC 2.25% 09/04/2029 81,252 80,628
THERMO FISHER SCIENTIFIC 1.75 % 10/15/2028 SR LIEN 80,497 73,145
TJX COMPANIES INC 1.6% 05/15/2031 93,810 92,677
TRUIST FINANCIAL CORP MTN 1.125% 08/03/2027 USD SR LIEN 114,815 105,287
UNILEVER CAPITAL CORP 1.375% 09/14/2030 91,805 93,671
VISA INC 1.1% 02/15/2031 64,818 64,277
VISA INC. 2.05% 04/15/2030 25,101 26,371
VISA INC. 3.15% 12/14/25 16,032 15,838
WALT DISNEY COMPANY 2.0% 09/01/2029 76,941 77,071
WASTE MANAGEMENT INC 1.5% 03/15/2031 71,146 70,395
WEC ENERGY GROUP INC 1.375% 10/15/2027 USD SR LIEN 80,660 75,092
WELLS FARGO & COMPANY HYBRID MTN 06/02/2028 USD SR LIEN CPN 06/02/20 2.393% 115,000 108,532
XCEL ENERGY INC 2.6% 12/01/2029 101,545 99,379

TY 2024 InvestmentsCorpStockSchedule
Name:
THE BLAIR FAMILY FOUNDATION INC
EIN:
83-2638814
Name of Stock End of Year Book Value End of Year Fair Market Value
ISHARES EMERGING MARKETS ETF 187,238 187,688
ISHARES MSCI EAFE ETF 694,100 817,722
ISHARES RUSSELL 1000 GROWTH ETF 965,435 2,594,207
ISHARES RUSSELL 1000 VALUE ETF 1,597,922 2,375,959
ISHARES RUSSELL 2000 ETF 304,098 446,118
ISHARES TRUST CURRENCY HEDGED MSCI EAFE ETF 459,208 557,112

TY 2024 OtherExpensesSchedule
Name:
THE BLAIR FAMILY FOUNDATION INC
EIN:
83-2638814
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSES FEES & SUBSCRIPTIONS 61 0   61


TY 2024 OtherLiabilitiesSchedule
Name:
THE BLAIR FAMILY FOUNDATION INC
EIN:
83-2638814
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED MARKET DISCOUNT 0 49,514


TY 2024 OtherProfessionalFeesSchedule
Name:
THE BLAIR FAMILY FOUNDATION INC
EIN:
83-2638814
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 66,277 66,277   0


TY 2024 TaxesSchedule
Name:
THE BLAIR FAMILY FOUNDATION INC
EIN:
83-2638814
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX PAID 3,343 3,343   0