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
SEPHARDIC HOME FOR THE AGED FOUNDATION
DBA THE SEPHARDIC FOUNDATION ON AGING
Number and street (or P.O. box number if mail is not delivered to street address)3 COLUMBUS CIRCLE 15 FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10019
A Employer identification number

11-1694718
B Telephone number (see instructions)

(646) 854-9975
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$70,431,374J 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) 6,925
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,672,577 1,672,577  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,387,608
b Gross sales price for all assets on line 6a 26,678,218
7 Capital gain net income (from Part IV, line 2)... 3,387,608
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,726 0  
12 Total. Add lines 1 through 11........ 5,069,836 5,060,185  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 387,885 77,577   310,308
14 Other employee salaries and wages...... 346,000 69,200   276,800
15 Pension plans, employee benefits....... 146,008 29,202   116,806
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
15,173 0   15,173
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
68,096 27,238   40,858
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
231,356 218,891   12,465
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
67,684 9,237   38,447
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 174,585 0   174,585
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
83,172 0   83,172
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,519,959 431,345   1,068,614
25 Contributions, gifts, grants paid....... 3,412,750 3,412,750
26 Total expenses and disbursements. Add lines 24 and 25 4,932,709 431,345   4,481,364
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 137,127
b Net investment income (if negative, enter -0-) 4,628,840
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............. 219,881 360,646 360,646
2 Savings and temporary cash investments......... 636,161 670,635 670,635
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.......... 25,578 28,040 28,040
10a Investments—U.S. and state government obligations (attach schedule) 6,092,141 Click to see attachment
List of Attached Documents:
// Content
8,769,044 		8,769,044
b Investments—corporate stock (attach schedule)....... 28,528,174 Click to see attachment
List of Attached Documents:
// Content
28,753,294 		28,753,294
c Investments—corporate bonds (attach schedule)....... 12,018,891 Click to see attachment
List of Attached Documents:
// Content
11,960,769 		11,960,769
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).......... 19,930,691 Click to see attachment
List of Attached Documents:
// Content
19,707,721 		19,707,721
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
150,166 		Click to see attachment
List of Attached Documents:
// Content
181,225 		Click to see attachment
List of Attached Documents:
// Content
181,225
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 67,601,683 70,431,374 70,431,374
Liabilities 17 Accounts payable and accrued expenses.......... 162,743 167,087
18 Grants payable................. 100,000  
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 262,743 167,087
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........... 64,000,715 66,594,512
25 Net assets with donor restrictions............ 3,338,225 3,669,775
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 67,338,940 70,264,287
30 Total liabilities and net assets/fund balances (see instructions). 67,601,683 70,431,374
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
67,338,940
2
Enter amount from Part I, line 27a .....................
2
137,127
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,788,220
4
Add lines 1, 2, and 3 ..........................
4
70,264,287
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
70,264,287
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 SALE OF SECURITY - FIXED INCOME   2023-01-01 2024-09-30
b SALE OF SECURITY - NON-U.S. EQUITY   2023-01-01 2024-12-01
c SALE OF SECURITY - NON-U.S. EQUITY   2024-07-01 2024-12-01
d SALE OF SECURITY - U.S. EQUITY   2023-01-01 2024-12-12
e SALE OF SECURITY - U.S. EQUITY   2024-07-01 2024-12-12
(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 4,091,202   4,275,430 -184,228
b 5,245,492   4,368,115 877,377
c 2,103,292   2,057,952 45,340
d 11,317,192   8,748,686 2,568,506
e 3,921,040   3,840,427 80,613
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       -184,228
b       877,377
c       45,340
d       2,568,506
e       80,613
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 3,387,608
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 64,341
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 64,341
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 64,341
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 42,264
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 42,264
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 22,077
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
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 arrowNY
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 arrowWWW.SFOA.ORG
14
The books are in care ofright arrowJOSHUA HOFFMAN Telephone no.right arrow (646) 854-9975

Located atright arrow3 COLUMBUS CIRCLE 15TH FLOORNEW YORKNY ZIP+4right arrow10019
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)
 
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 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
 
No
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
MICHAEL LOPEZ CHAIR
3.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
JOE HALIO PRESIDENT
3.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
NEIL CRESPI TREASURER
3.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
JAMES KHANI SECRETARY
3.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
LAURIE KAHMI DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
JAMES CASPI DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
ALAN MATARASSO DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
CLIFTON RUSSO DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
LOUIS ROUSSO DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
HENRY PERAHIA DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
IRA ROUSSO DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
ROBERT COHEN DIRECTOR
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
RAYMOND COHEN DIRECTOR (FORMER)
1.00 		0 0 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
JOSHUA HOFFMAN EXECUTIVE DIRECTOR
40.00 		386,989 46,657 0
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
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
JANICE STOLAR DIR-GRANTS
40.00 		188,341 56,640 0
3 COLUMBUS CIRCLE
NEW YORK,NY10019
ELISABETH STEVENS GRANTS COORD.
40.00 		122,695 29,418 0
3 COLUMBUS CIRCLE
NEW YORK,NY10019
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
GOLDMAN SACHS TRUST CO INVESTMENT MGMT 218,891
200 BELLEVUE PARKWAY STE 250
WILMINGTON,DE198093747
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
69,813,925
b
Average of monthly cash balances.......................
1b
242,270
c
Fair market value of all other assets (see instructions)................
1c
181,225
d
Total (add lines 1a, b, and c).........................
1d
70,237,420
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
70,237,420
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,053,561
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
69,183,859
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,459,193
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,459,193
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
64,341
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
64,341
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,394,852
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,394,852
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
3,394,852
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
4,481,364
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
4,481,364
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 3,394,852
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 984,999
c From 2021...... 1,533,473
d From 2022...... 1,941,713
e From 2023...... 2,597,929
f Total of lines 3a through e ........ 7,058,114
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,481,364
a Applied to 2023, but not more than line 2a 0
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..... 3,394,852
e Remaining amount distributed out of corpus 1,086,512
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 8,144,626
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 ...... 		8,144,626
10 Analysis of line 9:
a Excess from 2020.... 984,999
b Excess from 2021.... 1,533,473
c Excess from 2022.... 1,941,713
d Excess from 2023.... 2,597,929
e Excess from 2024.... 1,086,512
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 e-mail address of the person to whom applications should be addressed:
SEPHARDIC HOME FOR THE AGED FOUNDAT
3 COLUMBUS CIRCLE 15TH FLOOR
NEW YORK,NY10019
(646) 854-9975
JHOFFMAN@SFOA.ORG
bThe form in which applications should be submitted and information and materials they should include:
APPLICANT ORGANIZATIONS CREATE AN ACCOUNT WITH THE FOUNDATION'S GRANT MANAGEMENT SYSTEM AND COMPLETE AND SUBMIT A LETTER OF INQUIRY (LOI) FORM VIA THE GRANT MANAGEMENT SYSTEM. LOI'S ARE THEN REVIEWED BY STAFF AND PRESENTED FOR REVIEW TO THE GRANTS COMMITTEE OF THE BOARD. THE GRANTS COMMITTEE REVIEWS THE LOIS AND SELECTED APPLICANT ORGANIZATIONS ARE INVITED TO SUBMIT A FULL APPLICATION. FULL APPLICATIONS ARE REVIEWED BY STAFF AND PRESENTED TO GRANTS COMMITTEE, WHO THEN MAKE RECOMMENDATIONS TO THE FULL BOARD. THE FULL BOARD THEN REVIEWS THE APPLICATIONS AND VOTES ON THE GRANTS COMMITTEE'S RECOMMENDATIONS.
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
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

AM YISRAEL FOUNDATION

11 FERNWOOD DRIVE
FAIR LAWN,NJ07410 		  PC GRANT 50,000

AMERICAN FRIENDS OF EZRAT AVOT

7-08 FAIRHAVEN PLACE
FAIRHAVEN,NJ07410 		  PC GRANT 50,000

AMERICAN FRIENDS OF SHEBA MEDICAL CENTER

575 MADISON AVE 10TH FLOOR
NEW YORK,NY10022 		  PC GRANT 50,000

AMERICAN FRIENDS OF TURKISH JEWRY

1 WINTHROP CT
TENAFLY,NJ07670 		  PC GRANT 255,000

AMERICAN JEWISH COMMITTEE

165 EAST 56TH STREET
NEW YORK,NY10022 		  PC GRANT 100,000

ASSOCIATION OF JEWISH AGING SERVICES

6101 MONTROSE ROAD
ROCKVILLE,MD20852 		  PC GRANT 50,000

COLEL CHABAD

806 EASTERN PARKWAY
BROOKLYN,NY11213 		  PC GRANT 25,000

JEWISH FAMILY SERVICE ASSOCIATION OF CLEVELAND

29125 CHAGRIN BLVD
PEPPER PIKE,OH44122 		  PC GRANT 25,000

JEWISH FAMILY SERVICE OF LOS ANGELES

330 NORTH FAIRFAX AVENUE
LOS ANGELES,CA90036 		  PC GRANT 12,250

JEWISH FAMILY SERVICE OF SAN DIEGO

8804 8788 BALBOA AVENUE
SAN DIEGO,CA92123 		  PC GRANT 15,000

JEWISH FAMILY SERVICES OF DELAWARE

99 PASSMORE RD
WILMINGTON,DE19803 		  PC GRANT 25,000

JEWISH HOME OF ROCHESTER

2021 WINTON RD S
ROCHESTER,NY14618 		  PC GRANT 85,000

NEW ORLEANS JEWISH COMMUNITY CENTER

5342 ST CHARLES AVENUE
NEW ORLEANS,LA70115 		  PC GRANT 25,000

PROJECT GUARDIANSHIP INC

PO BOX 2-5106
BROOKLYN,NY11202 		  PC GRANT 25,000

SELFHELP COMMUNITY SERVICES INC

520 8TH AVENUE
NEW YORK,NY10018 		  PC GRANT 40,000

SHALOM PARK

14800 E BELLEVIEW DR
AURORA,CO80015 		  PC GRANT 35,000

THE JEWISH COMMUNITY CENTER IN MANHATTAN INC

334 AMSTERDAM AVENUE
NEW YORK,NY10023 		  PC GRANT 40,000

2LIFE COMMUNITIES INC

30 WALLINGFORD ROAD
BRIGHTON,MA02135 		  PC GRANT 50,000

DOROT INC

171 WEST 85 STREET
NEW YORK,NY10024 		  PC GRANT 50,000

JEWISH FAMILY SERVICE OF COLORADO

3201 SOUTH TAMARAC DRIVE
DENVER,CO80231 		  PC GRANT 5,000

JEWISH FAMILY SERVICE OF DALLAS

5402 ARAPAHO ROAD
DALLAS,TX75248 		  PC GRANT 5,000

ALLIED HOUSING INC

40849 FREMONT BLVD
FREMONT,CA94538 		  PC GRANT 35,000

AMERICAN FRIENDS OF REUTH

450 LEXINGTON AVE 4553
NEW YORK,NY10163 		  PC GRANT 25,000

AMERICAN FRIENDS OF SOROKA MEDICAL CENTER

PO BOX 184
SCARSDALE,NY10583 		  PC GRANT 50,000

BAKER SENIOR CENTER NAPLES

6200 AUTUMN OAKS LN
NAPLES,FL34119 		  PC GRANT 35,000

TUCSON JEWISH COMMUNITY CENTER INC

3800 E RIVER RD
TUCSON,AZ85718 		  PC GRANT 19,000

JEWISH MUSEUM

1109 FIFTH AVENUE
NEW YORK,NY10128 		  PC GRANT 30,000

NATIONAL COUNCIL OF JEWISH WOMEN NEW YORK

241 WEST 72ND STREET
NEW YORK,NY10023 		  PC GRANT 25,000

JEWISH AGENCY FOR ISRAEL - NORTH AMERICAN COUNCIL

633 THIRD AVENUE
NEW YORK,NY10017 		  PC GRANT 345,000

PROJECT KESHER

2660 BROADWAY
NEW YORK,NY10025 		  PC GRANT 37,500

STRUGGLE TO SAVE ETHIOPIAN JEWRY

459 COLUMBUS AVE
NEW YORK,NY10024 		  PC GRANT 300,000

RUTH & NORMAN RALES JEWISH FAMILY SERVICES

21300 RUTH BARON COLEMAN BOULEVARD
BOCA RATON,FL33428 		  PC GRANT 10,000

JEWISH FAMILY SERVICE OF SEATTLE

1601 SIXTEENTH AVENUE
SEATTLE,WA98122 		  PC GRANT 7,500

DEAL SEPHARDIC YOUTH CENTER

244 NORWOOD AVE
OAKHURST,NJ07755 		  PC GRANT 50,000

INTERNATIONAL SEPHARDIC EDUCATIONAL AND CULTURAL CENTER

6505 WILSHIRE BOULEVARD
LOS ANGELES,CA90048 		  PC GRANT 25,000

FJC

31 WEST 34TH ST
NEW YORK,NY10001 		  PC GRANT 195,000

JEWISH FAMILY SERVICE OF ATLANTIC COUNTY INC

607 N JEROME AVENUE
MARGATE,NJ08402 		  PC GRANT 50,000

JEWISH COMMUNITY SERVICES OF S FLORIDA

12000 BISCAYNE BLVD STE 303
NORTH MIAMI,FL33181 		  PC GRANT 10,000

JEWISH FAMILY SERVICES OF WASHTENAW COUNTY INC

2245 SOUTH STATE STREET SUITE 200
ANN ARBOR,MI48104 		  PC GRANT 25,000

MID-ISLAND Y JEWISH COMMUNITY CENTER INC

45 MANETTO HILL RD
PLAINVIEW,NY11803 		  PC GRANT 35,000

METROPOLITAN NEW YORK COORDINATING COUNCIL ON JEWISH POVERTY

77 WATER STREET
NEW YORK,NY10005 		  PC GRANT 50,000

KAVOD - ENSURING DIGNITY FOR HOLOCAUST SURVIVORS

820 S MONACO PKWY
DENVER,CO80230 		  PC GRANT 150,000

JEWISH SOCIAL SERVICE AGENCY

200 WOOD HILL ROAD
ROCKVILLE,MD20850 		  PC GRANT 5,000

JEWISH FAMILY SERVICE OF METRO DETROIT

6555 W MAPLE RD
WEST BLOOMFIELD,MI48322 		  PC GRANT 25,000

JFS OF SOMERSET HUNTERDON AND WARREN COUNTIES

150 W HIGH ST STE A
SOMERVILLE,NJ08876 		  PC GRANT 18,000

JEWISH FAMILY SERVICE AGENCY OF CENTRAL NJ

655 WESTFIELD AVE
ELIZABETH,NJ07208 		  PC GRANT 7,500

JEWISH COUNCIL FOR THE AGING OF GREATER WASHINGTON INC

12320 PARKLAWN DRIVE
ROCKVILLE,MD20852 		  PC GRANT 25,000

HEBREW HOME OF GREATER WASHINGTON INC

6121 MONTROSE ROAD
ROCKVILLE,MD20852 		  PC GRANT 85,000

JEWISH FAMILY AND CHILDREN'S SERVICES OF THE SUNCOAST

2688 FRUITVILLE RD
SARASOTA,FL34237 		  PC GRANT 25,000

FRIENDS OF YAD LAKASHISH

PO BOX 494
ENGLEWOOD,NJ07631 		  PC GRANT 35,000

CHAYIM ARUCHIM INC

4006 18TH AVENUE
BROOKLYN,NY11218 		  PC GRANT 25,000

PEF ISRAEL ENDOWMENT FUNDS

630 THIRD AVENUE
NEW YORK,NY10017 		  PC GRANT 513,000

BARRY AND FLORENCE FRIEDBERG JCC

15 NEIL COURT
OCEANSIDE,NY11572 		  PC GRANT 25,000

STANLEY AND PEARL GOODMAN JFS OF BROWARD COUNTY INC

5890 S PINE ISLAND RD STE 201
DAVIE,FL33328 		  PC GRANT 10,000

GULF COAST JEWISH FAMILY AND COMMUNITY SERVICES

14041 ICOT BLVD
CLEARWATER,FL33760 		  PC GRANT 10,000

JEWISH FAMILY & CHILDREN'S SERVICES OF SOUTHERN ARIZONA

4301 EAST 5TH STREET
TUCSON,AZ85711 		  PC GRANT 2,000

JEWISH FAMILY & CAREER SERVICES OF ATLANTA

4549 CHAMBLEE DUNWOODY RD
DUNWOODY,GA30338 		  PC GRANT 11,000

ALPERT JEWISH FAMILY & CHILDREN'S SERVICE

PO BOX 220627
WEST PALM BCH,FL33422 		  PC GRANT 10,000

AMERICAN FRIENDS OF JEWISH COMMUNITY OF VLADIVOSTOK

388 CROWN STREET
BROOKLYN,NY11225 		  PC GRANT 25,000

JEWISH FAMILY SERVICE UTAH

495 E 4500 S SUITE 100
SALT LAKE CITY,UT84107 		  PC GRANT 25,000

JEWISH FAMILY SERVICE HOUSTON

4131 S BRAESWOOD BLVD
HOUSTON,TX77025 		  PC GRANT 5,000
Total .................................right arrow 3a 3,412,750
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 1,672,577  
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 ............ 		    01 3,387,608  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    01 2,726  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 5,062,911 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,062,911
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
SEPHARDIC HOME FOR THE AGED FOUNDATION
DBA THE SEPHARDIC FOUNDATION ON AGING
Employer identification number

11-1694718
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
SEPHARDIC HOME FOR THE AGED FOUNDATION
DBA THE SEPHARDIC FOUNDATION ON AGING 		Employer identification number
11-1694718
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
BARKEY CHARITABLE TRUST
 
PO BOX 634
 
MILWAUKEE, WI53201

$ 5,025


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
SEPHARDIC HOME FOR THE AGED FOUNDATION
DBA THE SEPHARDIC FOUNDATION ON AGING 		Employer identification number

11-1694718
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
SEPHARDIC HOME FOR THE AGED FOUNDATION
DBA THE SEPHARDIC FOUNDATION ON AGING 		Employer identification number

11-1694718
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SAX LLP 35,000 0   35,000
ACCOUNTING SOLUTIONS 33,096 27,238   5,858

TY 2024 InvestmentsCorpBondsSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 11,960,769 11,960,769

TY 2024 InvestmentsCorpStockSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 28,753,294 28,753,294

TY 2024 InvestmentsGovtObligationsSch
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
US Government Securities - End of Year Book Value:

8,769,044
US Government Securities - End of Year Fair Market Value:

8,769,044
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 19,707,721 19,707,721

TY 2024 LegalFeesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CLARIVATE ANALYTICS (COMPUMARK) INC. 1,395 0   1,395
SETH SHELDEN 4,000 0   4,000
LAWYERS ALLIANCE 2,643 0   2,643
PERLMAN AND PERLMAN LLP 6,260 0   6,260
PLATTE, KLARSFELD & LEVINE, LLP 875 0   875


TY 2024 OtherAssetsSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST 150,166 181,225 181,225


TY 2024 OtherExpensesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 15,919 0   15,919
OFFICE EXPENSES 29,840 0   29,840
IT AND TELECOMMUNICATIONS 12,828 0   12,828
INSURANCE 24,585 0   24,585


TY 2024 OtherIncomeSchedule2
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 2,726   2,726


TY 2024 OtherIncreasesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Description Amount
UNREALIZED GAIN 2,788,220


TY 2024 OtherProfessionalFeesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 218,891 218,891   0
JUST-TECH, LLC 2,465 0   2,465
MOMENTUM COMMUNICATIONS GROUP, LLC 10,000 0   10,000


TY 2024 TaxesSchedule
Name:
SEPHARDIC HOME FOR THE AGED FOUNDATION
 
DBA THE SEPHARDIC FOUNDATION ON AGING
EIN:
11-1694718
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 46,184 9,237   36,947
FILING FEE -NY 1,500 0   1,500
EXCISE TAX 20,000 0   0