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 GEORGE L SHIELDS FOUNDATION INC
C/O ROBERT M REINER TREASURER
Number and street (or P.O. box number if mail is not delivered to street address)4416 EAST WEST HIGHWAY4TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BETHESDA, MD208144568
A Employer identification number

52-1851638
B Telephone number (see instructions)

(301) 634-3125
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$31,814,461J 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 70 70  
4 Dividends and interest from securities... 596,941 596,941  
5a Gross rents............ 451,034 451,034  
b Net rental income or (loss) 442,818
6a Net gain or (loss) from sale of assets not on line 10 961,906
b Gross sales price for all assets on line 6a 7,497,428
7 Capital gain net income (from Part IV, line 2)... 961,906
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
2,235 344  
12 Total. Add lines 1 through 11........ 2,012,186 2,010,295  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 57,000 28,500   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
102,846 10,285   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
26,187 13,094   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
34,591 9,761   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 28,915 28,915   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
241,790 238,939   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 491,329 329,494   0
25 Contributions, gifts, grants paid....... 2,056,000 2,056,000
26 Total expenses and disbursements. Add lines 24 and 25 2,547,329 329,494   2,056,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -535,143
b Net investment income (if negative, enter -0-) 1,680,801
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.............   49,827 49,827
2 Savings and temporary cash investments......... 1,801,192 569,596 569,596
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)....... 17,501,139 Click to see attachment
List of Attached Documents:
// Content
18,247,229 		24,019,039
c Investments—corporate bonds (attach schedule)....... 2,603,389 Click to see attachment
List of Attached Documents:
// Content
2,504,192 		2,491,411
11 Investments—land, buildings, and equipment: basis right arrow2,776,000
Less: accumulated depreciation (attach schedule) right arrow   2,776,000 2,776,000 4,684,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 818,702 Click to see attachment
List of Attached Documents:
// Content
818,701 		588
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
1,064 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,501,486 24,965,545 31,814,461
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
798 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 798 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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 25,500,688 24,965,545
29 Total net assets or fund balances (see instructions)..... 25,500,688 24,965,545
30 Total liabilities and net assets/fund balances (see instructions). 25,501,486 24,965,545
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
25,500,688
2
Enter amount from Part I, line 27a .....................
2
-535,143
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
24,965,545
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
24,965,545
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 AMERIPRISE 879   2024-01-01 2024-12-31
b AMERIPRISE 879   2023-01-01 2024-12-31
c AMERIPRISE 247   2024-01-01 2024-12-31
d AMERIPRISE 247   2023-01-01 2024-12-31
e AMERIPRISE 922   2024-01-01 2024-12-31
AMERIPRISE 922   2023-01-01 2024-12-31
AMERIPRISE 790   2024-01-01 2024-12-31
AMERIPRISE 790   2023-01-01 2024-12-31
AMERIPRISE 543   2024-01-01 2024-12-31
AMERIPRISE 543   2023-01-01 2024-12-31
AMERIPRISE 937   2024-01-01 2024-12-31
AMERIPRISE 937   2023-01-01 2024-12-31
AMERIPRISE 937 MKT DISC   2023-01-01 2024-12-31
AMERIPRISE 272   2024-01-01 2024-12-31
AMERIPRISE 272   2023-01-01 2024-12-31
AMERIPRISE 167   2024-01-01 2024-12-31
MORGAN STANLEY 357   2023-01-01 2024-12-31
MORGAN STANLEY 357-WASH SALE   2023-01-01 2024-12-31
MORGAN STANLEY 147   2023-01-01 2024-12-31
MORGAN STANLEY 358   2023-01-01 2024-12-31
MORGAN STANLEY 358-WASH SALE   2023-01-01 2024-12-31
MORGAN STANLEY 359   2023-01-01 2024-12-31
MORGAN STANLEY 359-WASH SALE   2023-01-01 2024-12-31
MORGAN STANLEY 360   2023-01-01 2024-12-31
MORGAN STANLEY 627   2023-01-01 2024-12-31
MORGAN STANLEY 022123   2023-01-01 2024-12-31
MORGAN STANLEY 022123-WASH SALE   2023-01-01 2024-12-31
MORGAN STANLEY 165123   2023-01-01 2024-12-31
MORGAN STANLEY 165123-WASH SALE   2023-01-01 2024-12-31
MORGAN STANLEY 388   2023-01-01 2024-12-31
MERRILL LYNCH 013   2023-01-01 2024-12-31
MERRILL LYNCH 013-MKT DISC   2023-01-01 2024-12-31
MERRILL LYNCH 014   2023-01-01 2024-12-31
MERRILL LYNCH 014-WASH SALE   2023-01-01 2024-12-31
MERRILL LYNCH 015   2023-01-01 2024-12-31
MERRILL LYNCH 015-WASH SALE   2023-01-01 2024-12-31
MERRILL LYNCH 016   2023-01-01 2024-12-31
MERRILL LYNCH 016-WASH SALE   2023-01-01 2024-12-31
MERRILL LYNCH 017   2023-01-01 2024-12-31
MERRILL LYNCH 018   2023-01-01 2024-12-31
MERRILL LYNCH 018-WASH SALE   2023-01-01 2024-12-31
MERRILL LYNCH 218   2023-01-01 2024-12-31
ROCKFELLER 245   2023-01-01 2024-12-31
LONG TERM CAPITAL GAIN DISTRIBUTIONS   2023-01-01 2024-12-31
AMERIPRISE 167   2023-01-01 2024-12-31
(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 178,476 0 135,809 42,667
b 523,549 0 477,685 45,864
c 204,337 0 189,140 15,197
d 181,491 0 142,366 39,125
e 74,476 0 70,936 3,540
168,081 0 156,999 11,082
6,166 0 6,832 -666
160,531 0 57,860 102,671
27,838 0 30,844 -3,006
252,494 0 159,433 93,061
5,129 0 5,073 56
146,898 0 146,954 -56
    2,377 -2,377
111,249 0 111,167 82
139,232 0 116,757 22,475
40,416 0 42,353 -1,937
233,047 0 159,485 73,562
487 0   487
18,530 0 20,616 -2,086
217,866 0 179,981 37,885
3 0   3
507,282 0 485,286 21,996
13,256 0   13,256
127,238 0 111,844 15,394
251,596 0 218,222 33,374
266,102 0 208,638 57,464
57 0   57
798,679 0 788,790 9,889
1,717 0   1,717
157,486 0 153,877 3,609
811,854 0 825,654 -13,800
    1,223 -1,223
143,762 0 60,112 83,650
940 0   940
419,462 0 400,708 18,754
836 0   836
168,945 0 79,622 89,323
2 0   2
26,942 0 18,463 8,479
218,267 0 159,967 58,300
272 0   272
370,535 0 301,660 68,875
198,979 0 226,959 -27,980
27,335 0   27,335
295,588 0 281,830 13,758
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       42,667
b       45,864
c       15,197
d       39,125
e       3,540
      11,082
      -666
      102,671
      -3,006
      93,061
      56
      -56
      -2,377
      82
      22,475
      -1,937
      73,562
      487
      -2,086
      37,885
      3
      21,996
      13,256
      15,394
      33,374
      57,464
      57
      9,889
      1,717
      3,609
      -13,800
      -1,223
      83,650
      940
      18,754
      836
      89,323
      2
      8,479
      58,300
      272
      68,875
      -27,980
      27,335
      13,758
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 2 961,906
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 23,363
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 23,363
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 23,363
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 22,760
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 23,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 45,760
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 22,397
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow22,397 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 arrowDC
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrowROBERT M REINER TREASURER Telephone no.right arrow (301) 634-3125

Located atright arrow4416 EAST WEST HIGHWAY 4TH FLOORBETHESDAMD ZIP+4right arrow208144568
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)
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
ANN SCHEIN CARLYSS PRES & DIRECTOR
5.00 		45,000 0 0
4416 EAST WEST HIGHWAY 4TH FLOOR
BETHESDA,MD208144568
ROBERT M REINER SECRETARY/TREAS
5.00 		0 0 0
4416 EAST WEST HIGHWAY 4TH FLOOR
BETHESDA,MD208144568
BRUCE MACDONALD DIRECTOR
2.00 		4,000 0 0
4416 EAST WEST HIGHWAY 4TH FLOOR
BETHESDA,MD208144568
CAROLYN MOORE DIRECTOR
2.00 		4,000 0 0
4416 EAST WEST HIGHWAY 4TH FLOOR
BETHESDA,MD208144568
ROBERT BRENENGEN DIRECTOR
2.00 		4,000 0 0
4416 EAST WEST HIGHWAY 4TH FLOOR
BETHESDA,MD208144568
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
SELZER GURVITCH RABIN WERTHEIMER & POLOTT LEGAL SERVICES 102,846
4416 EAST WEST HIGHWAY
BETHESDA,MD20814
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
25,473,872
b
Average of monthly cash balances.......................
1b
1,256,685
c
Fair market value of all other assets (see instructions)................
1c
4,684,000
d
Total (add lines 1a, b, and c).........................
1d
31,414,557
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
31,414,557
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
471,218
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,943,339
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,547,167
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
1,547,167
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
23,363
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
23,363
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,523,804
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,523,804
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
1,523,804
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
2,056,000
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
2,056,000
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 1,523,804
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...... 266,865
b From 2020...... 405,008
c From 2021...... 156,954
d From 2022...... 451,215
e From 2023...... 575,833
f Total of lines 3a through e ........ 1,855,875
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,056,000
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..... 1,523,804
e Remaining amount distributed out of corpus 532,196
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 2,388,071
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) ... 		266,865
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		2,121,206
10 Analysis of line 9:
a Excess from 2020.... 405,008
b Excess from 2021.... 156,954
c Excess from 2022.... 451,215
d Excess from 2023.... 575,833
e Excess from 2024.... 532,196
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

AMERICAN FOUNDATION FOR SUICIDE PREVENTION

199 WATER STREET 11TH FLOOR
NEW YORK,NY10038 		NONE PC FOR PROGRAM SERVICES 3,000

AMERICAN RED CROSS

PO BOX 37839
BOONE,IA500370839 		NONE PC FOR PROGRAM SERVICES 15,000

AMERICARES FOUNDATION INC

88 HAMILTON AVENUE
STAMFORD,CT06902 		NONE PC FOR PROGRAM SERVICES 15,000

ANACOSTIA RIVERKEEPER INC

45 L STREET SW
WASHINGTON,DC20024 		NONE PC FOR PROGRAM SERVICES 35,000

ARRUPE JESUIT HIGH SCHOOL

4343 UTICA STREET
DENVER,CO80212 		NONE PC FOR PROGRAM SERVICES 30,000

ART STUDENTS LEAGUE OF DENVER

200 GRANT STREET
DENVER,CO80203 		NONE PC FOR PROGRAM SERVICES 7,000

ASPEN CENTER FOR ENVIRONMENTAL STUDIES

100 PUPPY SMITH ST
ASPEN,CO81611 		NONE PC FOR PROGRAM SERVICES 10,000

ASPEN COMMUNITY FOUNDATION

455 GOLD RIVERS COURT 515
BASALT,CO81621 		NONE PC FOR PROGRAM SERVICES 20,000

ASPEN VALLEY SKI AND SNOWBOARD CLUB

300 AVSC DRIVE
ASPEN,CO81611 		NONE PC FOR PROGRAM SERVICES 20,000

ASTRAL ARTISTIC SERVICES

1500 WALNUT ST SUITE 413
PHILADELPHIA,PA19102 		NONE PC FOR PROGRAM SERVICES 10,000

AUDUBON CANYON RANCH

4900 SHORELINE HIGHWAY ONE
STINSON BEACH,CA94970 		NONE PC FOR PROGRAM SERVICES 22,000

AUDUBON SOCIETY OF GREATER DENVER

9308 S WADSWORTH BOULEVARD
LITTLETON,CO80128 		NONE PC FOR PROGRAM SERVICES 4,000

CHESAPEAKE BAY FOUNDATION

6 HERNDON AVENUE
ANNAPOLIS,MD21403 		NONE PC FOR PROGRAM SERVICES 50,000

CHICAGO JESUIT ACADEMY

5058 WEST JACKSON BOULEVARD
CHICAGO,IL606444324 		NONE PC FOR PROGRAM SERVICES 20,000

CHICAGO LIGHTS

126 E CHESTNUT STREET
CHICAGO,IL60611 		NONE PC FOR PROGRAM SERVICES 20,000

CHILDREN'S NATIONAL HOSPITAL FOUNDATION

1 INVENTA PL 6TH FLOOR WEST
SILVER SPRING,MD20910 		NONE PC FOR PROGRAM SERVICES 78,000

CIVIC ORCHESTRA OF CHICAGO

220 SOUTH MICHIGAN AVENUE
CHICAGO,IL60604 		NONE PC FOR PROGRAM SERVICES 20,000

COLORADO SKI AND SNOWBOARD MUSEUM

231 SOUTH FRONTAGE ROAD EAST
VAIL,CO81657 		NONE PC FOR PROGRAM SERVICES 20,000

CRAIG HOSPITAL FOUNDATION

3425 S CLARKSON STREET
ENGLEWOOD,CO80113 		NONE PC FOR PROGRAM SERVICES 50,000

CROHN'S & COLITIS FOUNDATION OF AMERICA INC

2202 18TH STREET NW SUITE 116
WASHINGTON,DC20009 		NONE PC FOR PROGRAM SERVICES 2,500

DOCTORS WITHOUT BORDERS USA

40 RECTOR STREET 16TH FLOOR
NEW YORK,NY10006 		NONE PC FOR PROGRAM SERVICES 50,000

EARTH CONSERVATION CORPS

2000 HALF STREET SW
WASHINGTON,DC20024 		NONE PC FOR PROGRAM SERVICES 100,000

EMBASSY SERIES

9521 SEMINOLE STREET
SILVER SPRING,MD20901 		NONE PC FOR PROGRAM SERVICES 20,000

EQUAL JUSTICE AMERICA

13540 E BOUNDARY RD STE 204
MIDLOTHIAN,VA23112 		NONE PC FOR PROGRAM SERVICES 3,000

FIGHT 4 DIABETES CURE

10524 DETRICK AVENUE
KENSINGTON,MD20895 		NONE PC FOR PROGRAM SERVICES 5,000

FRANCISCAN OUTREACH

717B W 18TH STREET
CHICAGO,IL60616 		NONE PC FOR PROGRAM SERVICES 40,000

FREDERICK COMMUNITY COLLEGE FOUNDATION INC

7932 OPOSSUMTOWN PIKE
FREDERICK,MD21702 		NONE PC FOR PROGRAM SERVICES 85,000

FREDERICK RESCUE MISSION

419 WEST SOUTH STREET
FREDERICK,MD21701 		NONE PC FOR PROGRAM SERVICES 40,000

FRIENDS OF THE ASPEN ANIMAL SHELTER

101 ANIMAL SHELTER ROAD 102
ASPEN,CO81611 		NONE PC FOR PROGRAM SERVICES 10,000

GEORGE WASHINGTON'S MOUNT VERNON

PO BOX 110
MOUNT VERNON,VA22121 		NONE PC FOR PROGRAM SERVICES 25,000

GLIDE MEM U METHODIST CHURCH

330 ELLIS STREET
SAN FRANCISCO,CA94102 		NONE PC FOR PROGRAM SERVICES 12,000

HABITAT FOR HUMANITY EAST BAY

2619 BROADWAY
OAKLAND,CA94612 		NONE PC FOR PROGRAM SERVICES 22,000

HANDICAPPED CHILDREN OF AFGANISTAN

4184 BOCA POINTE DR
SARASOTA,FL34238 		NONE PC FOR PROGRAM SERVICES 30,000

HAVE DREAMS

515 BUSSE HIGHWAY SUITE 150
PARK RIDGE,IL60068 		NONE PC FOR PROGRAM SERVICES 20,000

HIGHLINE CANAL CONSERVANCY

4010 E ORCHARD RD
CENTENNIAL,CO80121 		NONE PC FOR PROGRAM SERVICES 20,000

HOBY MARYLAND

1451 ROCKVILLE PIKE SUITE 400
ROCKVILLE,MD20852 		NONE PC FOR PROGRAM SERVICES 3,500

HOOD COLLEGE

401 ROSEMONT AVE
FREDERICK,MD21701 		NONE PC FOR PROGRAM SERVICES 25,000

HOLSTEN HUMAN CAPITAL DEVELOPMENT

1020 W MONTROSE AVENUE
CHICAGO,IL60613 		NONE PC FOR PROGRAM SERVICES 25,000

LEUKEMIA & LYMPHOMA SOCIETY LLS- ILLINOIS

PO BOX 772395
DETROIT,MI482772395 		NONE PC FOR PROGRAM SERVICES 50,000

MANNES COLLEGE THE NEW SCHOOL OF MUSIC

55 WEST 13TH STREET
NEW YORK,NY10011 		NONE PC FOR PROGRAM SERVICES 10,000

MAXFUND ANIMAL ADOPTION CENTER

958 INCA ST
DENVER,CO80204 		NONE PC FOR PROGRAM SERVICES 10,000

MEALS OF MARIN

185 NORTH REDWOOD DR SUITE 140
SAN RAFAEL,CA94903 		NONE PC FOR PROGRAM SERVICES 18,000

METROPOLITAN FAMILY SERVICES

101 N WACKER DRIVE 17TH FLOOR
CHICAGO,IL60606 		NONE PC FOR PROGRAM SERVICES 15,000

MICHIGAN TECH UNIVERSITY

1400 TOWNSEND DRIVE
HOUGHTON,MO49931 		NONE PC FOR PROGRAM SERVICES 5,000

MIRIAM'S KITCHEN

2401 VIRGINIA AVENUE NW
WASHINGTON,DC20037 		NONE PC FOR PROGRAM SERVICES 20,000

MISSION OF MERCY

22 SOUTH MARKET STREET SUITE 6D
FREDERICK,MD21701 		NONE PC FOR PROGRAM SERVICES 20,000

OL LENTILLE FOUNDATION

1129 EAST 17TH AVENUE
DENVER,CO80213 		NONE PC FOR PROGRAM SERVICES 10,000

PHOENIX FOUNDATION OF MARYLAND INC

PO BOX 4193
FREDERICK,MD21705 		NONE PC FOR PROGRAM SERVICES 25,000

POTOMAC CONSERVANCY

962 WAYNE AVENUE SUITE 540
SILVER SPRING,MD20910 		NONE PC FOR PROGRAM SERVICES 40,000

PROJECT ANGEL HEART

4950 WASHINGTON STREET
DENVER,CO80216 		NONE PC FOR PROGRAM SERVICES 12,000

RAY OF HOPE CANCER FOUNDATION

1385 S COLORADO BLVD SUITE 108
DENVER,CO80222 		NONE PC FOR PROGRAM SERVICES 50,000

RIVERSIDE SYMPHONY

2350 BROADWAY 212
NEW YORK,NY10024 		NONE PC FOR PROGRAM SERVICES 10,000

RUSSIAN RIVERKEEPER

PO BOX 1335
HEALDSBURG,CA95448 		NONE PC FOR PROGRAM SERVICES 4,000

SAINT SEBASTIAN PROJECT DENVER

9816 E CRESTLINE CIRCLE
GREENWOOD VILLAGE,CO80111 		NONE PC FOR PROGRAM SERVICES 5,000

SF-MARIN COMMUNITY FOOD BANK

900 PENNSYLVANIA AVENUE
SAN FRANCISCO,CA94107 		NONE PC FOR PROGRAM SERVICES 27,000

SHIP OF FREDERICK COUNTY

PO BOX 1629
FREDERICK,MD21702 		NONE PC FOR PROGRAM SERVICES 5,000

SINGING IN SICILIY INC

14 E MT VERNON PLACE APT 303
BALTIMORE,MD21202 		NONE PC FOR PROGRAM SERVICES 10,000

SOME

71 O STREET NW
WASHINGTON,DC20001 		NONE PC FOR PROGRAM SERVICES 20,000

TAHIRIH JUSTICE CENTER

6400 ARLINGTON BLVD SUITE 400
FALLS CHURCH,VA22042 		NONE PC FOR PROGRAM SERVICES 75,000

THE CHICAGO HELP INITIATIVE

440 NORTH WELLSSUITE 440
CHICAGO,IL60654 		NONE PC FOR PROGRAM SERVICES 10,000

THE HOLTON ARMS SCHOOL

7303 RIVER ROAD
BETHESDA,MD20817 		NONE PC FOR PROGRAM SERVICES 10,000

THE HOMELESS GARDEN PROJECT

PO BOX 617
SANTA CRUZ,CA95061 		NONE PC FOR PROGRAM SERVICES 22,000

THE JUILLIARD SCHOOL

60 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE PC FOR PROGRAM SERVICES 80,000

THE NATURE CONSERVANCY

425 BARLOW PLACE SUITE 100
BETHESDA,MD20814 		NONE PC FOR PROGRAM SERVICES 75,000

THE PATRICK & SHIRLEY RYAN OPERA CENTER

20 N WACKER DRIVE SUITE 860
CHICAGO,IL60606 		NONE PC FOR PROGRAM SERVICES 20,000

THE SHEDD AQUARIUM

1200S LAKE SHORE DRIVE
CHICAGO,IL60605 		NONE PC FOR PROGRAM SERVICES 50,000

THRESHOLDS

4101 NORTH RAVENSWOOD AVE
CHICAGO,IL60613 		NONE PC FOR PROGRAM SERVICES 35,000

TRIPS FOR KIDS

610 4TH STREET
SAN RAFAEL,CA94901 		NONE PC FOR PROGRAM SERVICES 7,000

UNIVERSITY OF PENNSYLVANIA

3451 WALNUT STREET ROOM 433
PHILADEPHIA,PA19104 		NONE PC FOR PROGRAM SERVICES 5,000

UPROOT COLORADO

PO BOX 1952
CARBONDALE,CO81623 		NONE PC FOR PROGRAM SERVICES 6,000

WARD 8 WOODS CONSERVANCY INC

3214 11TH PLACE SE
WASHINGTON,DC20032 		NONE PC FOR PROGRAM SERVICES 10,000

WILD ANIMAL SANCTUARY

1946 COUNTY ROAD 53
KEENSBURG,CO80643 		NONE PC FOR PROGRAM SERVICES 30,000

ASPEN MUSIC FESTIVAL AND SCHOOL

225 MUSIC SCHOOL ROAD
ASPEN,CO81611 		NONE PC FOR PROGRAM SERVICES 100,000

CATOCTIN LAND TRUST INC

PO BOX 615
FREDERICK,MD21701 		NONE PC FOR PROGRAM SERVICES 5,000

THE COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND INC

312 E CHURCH ST
FREDERICK,MD21701 		NONE PC FOR PROGRAM SERVICES 25,000

THE NEW YORK COMMUNITY TRUST

PO BOX 22472
NEW YORK,NY100872472 		NONE PC FOR PROGRAM SERVICES 100,000

COMMUNITY REACH OF MONTGOMERY COUNTY

1010 GRANDIN AVE STE A1
ROCKVILLE,MD20851 		NONE PC FOR PROGRAM SERVICES 3,000

MASSACHUSSETTS WONDERLAND INC

77 ROWE ST
NEWTON,MA02466 		NONE PC FOR PROGRAM SERVICES 2,000

MARYLAND ORNITHOLOGICAL SOCIETY

4915 GREENSPRING AVE
BALTIMORE,MD21209 		NONE PC FOR PROGRAM SERVICES 4,000

PALM BEACH COUNTY FOOD BANK INC

701 BOUTWELL RD STE A2
LAKE WORTH BEACH,FL33461 		NONE PC FOR PROGRAM SERVICES 1,000

ST BERNARD PROJECT

8324 PARC PLACE
CHALMETTE,LA70043 		NONE PC FOR PROGRAM SERVICES 25,000

WOUNDED VETS RELIEF FUND

300 PROSPERITY FARMS ROAD
NORTH PALM BEACH,FL33408 		NONE PC FOR PROGRAM SERVICES 3,000
Total .................................right arrow 3a 2,056,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 70  
4 Dividends and interest from securities ....     14 596,941  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 442,818  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 961,906  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSECURITIES SETTLEMENTS 		    14 13  
bPARTNERSHIP INC. FROM K-1   1,891 14    
cAMERIPRISE & MORGAN STANLEY OTHER INCOME     14 331  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 1,891 2,002,079 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,003,970
(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.
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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-
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 Firm's EIN Right Arrow
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 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 GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LINTON SHAFER WARFIELD & GARRETT, P.A. 26,187 13,094   0

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Statement:
DC NONPROFIT ORGANIZATIONS ARE NOT REQUIRED TO FILE A COPY OF THEIR TAX RETURN WITH THE OFFICE OF TAX AND REVENUE.

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 2,504,192 2,491,411

TY 2024 InvestmentsCorpStockSchedule
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE COMMON STOCKS 9,512,547 14,297,077
MUTUAL AND HEDGE FUNDS 8,734,682 9,721,962

TY 2024 InvestmentsOtherSchedule2
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 818,701 588

TY 2024 LegalFeesSchedule
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SELZER GURVITCH 102,846 10,285   0


TY 2024 OtherAssetsSchedule
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INCOME RECEIVABLE 84 0 0
FRAUD RECEIVABLE 980 0 0


TY 2024 OtherExpensesSchedule
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 2,246 225   0
DUES AND SUBSCRIPTIONS 830 0   0
BROKERS' MANAGEMENT FEES 230,477 230,477   0
PARTNERSHIP DEDUCTIONS FROM K-1 21 21   0
MANAGEMENT FEES 8,216 8,216   0


TY 2024 OtherIncomeSchedule2
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SECURITIES SETTLEMENTS 13 13 13
PARTNERSHIP INC. FROM K-1 1,891 0 1,891
AMERIPRISE & MORGAN STANLEY OTHER INCOME 331 331 331


TY 2024 OtherLiabilitiesSchedule
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL TAX PAYABLE 798 0


TY 2024 TaxesSchedule
Name:
THE GEORGE L SHIELDS FOUNDATION INC
 
C/O ROBERT M REINER TREASURER
EIN:
52-1851638
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 8,040 8,040   0
PAYROLL TAXES 3,443 1,721   0
TAX ON INVESTMENT INCOME 23,108 0   0