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
Robert I Schattner Foundation Inc
aka Schattner Foundation
% ROBERT H SIEVERS
Number and street (or P.O. box number if mail is not delivered to street address)11200 Rockville Pike Suite 203
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Rockville, MD20852
A Employer identification number

52-1800778
B Telephone number (see instructions)

(301) 816-7926
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$184,261,303J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 170,743 170,743  
4 Dividends and interest from securities... 3,901,488 3,901,488  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -5,529,657
b Gross sales price for all assets on line 6a 58,403,864
7 Capital gain net income (from Part IV, line 2)... 0
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
115,863 129,159  
12 Total. Add lines 1 through 11........ -1,341,563 4,201,390  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 431,000     431,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 32,327     32,327
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,120 0 0 16,120
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
370,259 263,884   106,375
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,608 3,873   735
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
4,361   0
20 Occupancy.............. 40,611     40,611
21 Travel, conferences, and meetings....... 6,544     6,544
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
306,048 263,874   16,048
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,211,878 531,631 0 649,760
25 Contributions, gifts, grants paid....... 7,842,000 7,512,000
26 Total expenses and disbursements. Add lines 24 and 25 9,053,878 531,631 0 8,161,760
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,395,441
b Net investment income (if negative, enter -0-) 3,669,759
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 434,686 6,649,607 6,649,607
3 Accounts receivable right arrow17,033
Less: allowance for doubtful accounts right arrow   48,702 17,033 17,033
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.......... 360,843    
10a Investments—U.S. and state government obligations (attach schedule) 31,158,380 Click to see attachment
List of Attached Documents:
// Content
11,368,648 		11,420,498
b Investments—corporate stock (attach schedule)....... 66,100,099 Click to see attachment
List of Attached Documents:
// Content
64,069,458 		88,887,619
c Investments—corporate bonds (attach schedule)....... 10,215,112 Click to see attachment
List of Attached Documents:
// Content
12,659,967 		13,042,269
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).......... 63,959,071 Click to see attachment
List of Attached Documents:
// Content
55,294,633 		64,231,192
14 Land, buildings, and equipment: basis right arrow55,815
Less: accumulated depreciation (attach schedule) right arrow42,730 17,446 Click to see attachment
List of Attached Documents:
// Content
13,085 		13,085
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 172,294,339 150,072,431 184,261,303
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 172,294,339 150,072,431
29 Total net assets or fund balances (see instructions)..... 172,294,339 150,072,431
30 Total liabilities and net assets/fund balances (see instructions). 172,294,339 150,072,431
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
172,294,339
2
Enter amount from Part I, line 27a .....................
2
-10,395,441
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
161,898,898
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
11,826,467
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
150,072,431
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c EJF FINANCIAL SERVICES FUND - CLASS O - alt P 2023-12-31 2024-06-21
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 53,403,864   52,968,852 435,012
b       117,227
c 5,000,000   11,082,567 -6,082,567
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       435,012
b        
c       -6,082,567
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -5,530,328
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 51,010
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 51,010
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 51,010
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 89,469
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 89,469
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 38,459
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow38,459 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMD
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.ROBERTISCHATTNERFOUNDATION.ORG
14
The books are in care ofright arrowROBERT H SIEVERS Telephone no.right arrow (301) 816-7926

Located atright arrow11200 Rockville Pike Suite 203RockvilleMD ZIP+4right arrow20852
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)
Yes
 
(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
Yes
 
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
 
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
Sidney Bresler Pres, Dir
1.0 		179,000 0 0
11200 Rockville Pike
Ste 200
Rockville,MD20852
Maria Gomez Dir, Sec
1.0 		79,000 0 0
11200 Rockville Pike
Ste 200
Rockville,MD20852
Robert T Schattner Dir, VP
1.0 		44,000 0 0
11200 Rockville Pike
Ste 200
Rockville,MD20852
Robert H Sievers Dir, Treas
1.0 		129,000 0 0
11200 Rockville Pike
Ste 200
Rockville,MD20852
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (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
UBS Financial Services Investment Mgmt 263,884
7700 Wisconsin Ave Suite 300
Bethesda,MD20814
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (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
115,821,814
b
Average of monthly cash balances.......................
1b
6,337,039
c
Fair market value of all other assets (see instructions)................
1c
62,090,504
d
Total (add lines 1a, b, and c).........................
1d
184,249,357
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
184,249,357
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,763,740
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
181,485,617
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
9,074,281
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
9,074,281
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
51,010
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
51,010
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
9,023,271
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
9,023,271
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
9,023,271
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
8,161,760
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
8,161,760
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 9,023,271
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 794,014
b From 2020......  
c From 2021......  
d From 2022...... 954,764
e From 2023...... 286,377
f Total of lines 3a through e ........ 2,035,155
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 8,161,760
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 8,161,760
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 861,511 861,511
(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 1,173,644
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,173,644
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 887,267
d Excess from 2023.... 286,377
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
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

ALEPH INSTITUTE

9540 COLLINS AVE
SURFSIDE,FL33154 		N/A PC General & Unrestricted 5,000

ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI

4237 SALISBURY RD 406
JACKSONVILLE,FL32216 		N/A PC General & Unrestricted 75,000

AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC

199 WATER ST 11TH FL
NEW YORK,NY10038 		N/A PC General & Unrestricted 500,000

AMERICAN KIDNEY FUND INC

11921 ROCKVILLE PIKE STE 300
ROCKVILLE,MD20852 		N/A PC General & Unrestricted 275,000

AMERICAN UNIVERSITY

4401 CONNETICUT AVE NW
WASHINGTON,DC20008 		N/A PC General & Unrestricted 10,000

ANTI DEFAMATION LEAGUE FOUNDATION

605 THIRD AVE
NEW YORK,NY10158 		N/A PC General & Unrestricted 2,500

AREIVIM PHILANTHROPIC GROUP INC

445 PARK AVE FL 8B
NEW YORK,NY10022 		N/A PC General & Unrestricted 130,000

ATLANTIC SEABOARD DYSLEXIA EDUCATION CENTER

3500 EAST W HWY STE 1418 PMB 177
HYATTSVILLE,MD20782 		N/A PC General & Unrestricted 30,000

BENDER JCC OF GREATER WASHINGTON

6125 MONTROSE RD
ROCKVILLE,MD20852 		N/A PC General & Unrestricted 25,000

BIRTHRIGHT ISRAEL FOUNDATION

PO BOX 21615
NEW YORK,NY10087 		N/A PC General & Unrestricted 250,000

BREAD FOR THE CITY INC

1525 7TH ST NW
WASHINGTON,DC20001 		N/A PC General & Unrestricted 125,000

CAPITOL HEIGHTS PRESBYTERIAN CHURCH

1100 FILLMORE ST
DENVER,CO80206 		N/A PC General & Unrestricted 5,000

CARLOS ROSARIO INTERNATIONAL PUBLIC CHARTER SCHOOL

1100 HARVARD ST NW
WASHINGTON,DC20009 		N/A PC General & Unrestricted 50,000

CASA RUBEN INCORPORATED

1700 ELTON RD STE 200
SILVER SPRING,MD20903 		N/A PC General & Unrestricted 250,000

CHABAD OF AUSTIN INC

3500 HYRIDGE DR
AUSTIN,TX78759 		N/A PC General & Unrestricted 10,000

CHILDRENS HOSPITAL

111 MICHIGAN AVE NW
WASHINGTON,DC20010 		N/A PC General & Unrestricted 20,000

CHILDRENS INN AT NIH INC

7 W DR
BETHESDA,MD20814 		N/A PC General & Unrestricted 75,000

CHILDRENS LAW CENTER

44 COURT ST 11TH FLOOR
BROOKLYN,NY11201 		N/A PC General & Unrestricted 167,000

COMFORT CASES INC

9300 GAITHER RD
GAITHERSBURG,MD20877 		N/A PC General & Unrestricted 125,000

COMMUNITY OF HOPE INC

4 ATLANTIC ST SW
WASHINGTON,DC20032 		N/A PC General & Unrestricted 150,000

DOORWAYS FOR WOMEN & FAMILIES INC

671 N GLEBE RD STE 610
ARLINGTON,VA22203 		N/A PC General & Unrestricted 150,000

EPIPHANY SCHOOL FOUNDATION INC

234 E 22ND ST
NEW YORK,NY10010 		N/A SO III NFI General & Unrestricted 20,000

EPISCOPAL SCHOOL IN THE CITY OF NEW YORK

35 E 69TH ST
NEW YORK,NY10021 		N/A PC General & Unrestricted 2,500

EVERYMIND INC

1000 TWINBROOK PKWY
ROCKVILLE,MD20851 		N/A PC General & Unrestricted 50,000

FESTIVAL CENTER INC

1640 COLUMBIA RD NW
WASHINGTON,DC20009 		N/A PC General & Unrestricted 100,000

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

245 SUMMER ST MZ NM43A
BOSTON,MA02210 		N/A PC General & Unrestricted 200,000

FLORENCE CRITTENTON SERVICES OF GREATER WASHINGTON

815 SILVER SPRING AVE
SILVER SPRING,MD20910 		N/A PC General & Unrestricted 114,000

FOOD FOR OTHERS INC

2938 PROSPERITY AVE
FAIRFAX,VA22031 		N/A PC General & Unrestricted 175,000

FRIENDS OF THE ISRAEL DEFENSE FORCES

PO BOX 4224
NEW YORK,NY10163 		N/A PC General & Unrestricted 50,000

FRIENDS OF UNITED HATZALAH INC

PO BOX 24666
NEW YORK,NY10087 		N/A PC General & Unrestricted 535,500

FRIENDSHIP PLACE

4713 WISCONSIN AVE NW
WASHINGTON,DC20016 		N/A PC General & Unrestricted 50,000

GEORGETOWN DAY SCHOOL INC

4200 DAVENPORT ST NE
WASHINGTON,DC20016 		N/A PC General & Unrestricted 100,000

GEORGETOWN UNIVERSITY

2115 WISCONSIN AVE NW STE 500
WASHINGTON,DC20007 		N/A PC General & Unrestricted 200,000

GIRL SCOUT COUNCIL OF THE NATION'S CAPITAL

4301 CONNECTICUT AVE NW STE M2
WASHINGTON,DC20008 		N/A PC General & Unrestricted 275,000

GIRLS ON THE RUN OF MONTGOMERY AND DELAWARE COUNTI

PO BOX 502
AMBLER,PA19002 		N/A PC General & Unrestricted 25,000

HENRY SCHEIN CARES FOUNDATION INC

135 DURYEA RD
MELVILLE,NY11747 		N/A PF General & Unrestricted 310,000

HOLOCAUST REMEMBRANCE ASSOCIATION

804 RUSSELL PALMER RD
KINGWOOD,TX77339 		N/A PC General & Unrestricted 36,000

HOLTON-ARMS SCHOOL INC

7303 RIVER RD
BETHESDA,MD20817 		N/A PC General & Unrestricted 5,000

HOME CARE PARTNERS INC

1234 MASSACHUSETTS AVE NW STE C-
WASHINGTON,DC20005 		N/A PC General & Unrestricted 6,000

HONOR FOUNDATION

11055 ROSELLE ST STE 120
SAN DIEGO,CA92121 		N/A PC General & Unrestricted 5,000

HOPE FOR HENRY FOUNDATION

6106 HARVARD AVE
GLEN ECHO,MD20812 		N/A PC General & Unrestricted 50,000

HOPE INTERNATIONAL

227 GRANITE RUN DR STE 250
LANCASTER,PA17601 		N/A PC General & Unrestricted 80,000

HUNTER COLLEGE HIGH SCHOOL ALUMNAE I ASSOCIATION I

695 PARK AVE RM 1313B
NEW YORK,NY10065 		N/A PC General & Unrestricted 2,500

IDENTITY INC

620 EAST DIAMOND AVE
GAITHERSBURG,MD20877 		N/A PC General & Unrestricted 80,000

INTEGRATED LIVING OPPORTUNITIES

2001 L ST NW STE 400
WASHINGTON,DC20036 		N/A PC General & Unrestricted 25,000

ISRAELI-AMERICAN COUNCIL

6530 WINNETKA AVE
WOODLAND HLS,CA91367 		N/A PC General & Unrestricted 3,000

JEWBELONG INC

37 WEST 20TH ST
NEW YORK,NY10011 		N/A PC General & Unrestricted 140,000

JEWISH SOCIAL SERVICE AGENCY

200 WOOD HILL RD
ROCKVILLE,MD20850 		N/A PC General & Unrestricted 75,000

JGRADS NYC

236 W 23RD ST
NEW YORK,NY10011 		N/A PC General & Unrestricted 7,000

JOHNS HOPKINS UNIVERSITY

3910 KESWICK RD STE N2100
BALTIMORE,MD21211 		N/A PC General & Unrestricted 52,000

KENNEDY KRIEGER FOUNDATION INC

707 N BROADWAY
BALTIMORE,MD21205 		N/A PC General & Unrestricted 125,000

KIND INC

PO BOX 27839
WASHINGTON,DC20038 		N/A PC General & Unrestricted 100,000

LAUREL ADVOCACY AND REFERRAL SERVICES INC

311 LAUREL AVE
LAUREL,MD20707 		N/A PC General & Unrestricted 5,000

LEVINE MUSIC INC

2801 UPTON ST NW
WASHINGTON,DC20008 		N/A PC General & Unrestricted 5,000

LITTLEBRICKS CHARITY

513 SUNDERLAND TER
CHESAPEAKE,VA23322 		N/A PC General & Unrestricted 50,000

MAKE-A-WISH FOUNDATION OF THE MID-ATLANTIC INC

6555 ROCK SPRING DR STE 280
BETHESDA,MD20817 		N/A PC General & Unrestricted 75,000

MARYLAND DENTAL ACTION COALITION INC

10015 OLD COLUMBIA RD D 100
COLUMBIA,MD21046 		N/A PC General & Unrestricted 150,000

MEDECINS SANS FRONTIERES USA INC

PO BOX 5030
HAGERSTOWN,MD21741 		N/A PC General & Unrestricted 2,500

MEDICAL CARE FOR CHILDREN PARTNERSHIP FOUNDATION

6699 SPRINGFIELD CENTER DR STE 303
SPRINGFIELD,VA22150 		N/A PC General & Unrestricted 60,000

MIRIAMS KITCHEN

2401 VIRGINIA AVE NW
WASHINGTON,DC20037 		N/A PC General & Unrestricted 60,000

NALANDA FOUNDATION

1345 SPRUCE ST
BOULDER,CO80302 		N/A PC General & Unrestricted 2,500

NAROPA UNIVERSITY

2130 ARAPAHOE AVE
BOULDER,CO80302 		N/A PC General & Unrestricted 75,000

NATIONAL CENTER FOR CHILDREN AND FAMILIES

6301 GREENTREE RD BLDG 1
BETHESDA,MD20817 		N/A PC General & Unrestricted 100,000

NATIONAL JEWISH HEALTH

1400 JACKSON ST
DENVER,CO80206 		N/A PC General & Unrestricted 5,000

NORWOOD SCHOOL INC

8821 RIVER RD
BETHESDA,MD20817 		N/A PC General & Unrestricted 105,000

OCEAN CITY CREW BOOSTERS INC

PO BOX 205
OCEAN CITY,NJ08226 		N/A PC General & Unrestricted 19,000

OCEAN CITY VOLUNTEER FIRE CO INC

1409 PHILADELPHIA AVE
OCEAN CITY,MD21842 		N/A PC General & Unrestricted 35,000

P E F ISRAEL ENDOWMENT FUNDS INC

630 THIRD AVE 15TH FLOOR
NEW YORK,NY10017 		N/A PC General & Unrestricted 60,000

PENNYS FLIGHT FOUNDATION INC

63 FOREST AVE
LOCUST VALLEY,NY11560 		N/A PC General & Unrestricted 250,000

PREVENTION OF BLINDNESS SOCIETY OF METROPOLITAN WA

415 2ND ST NE STE 200
WASHINGTON,DC20002 		N/A PC General & Unrestricted 50,000

PUPPET CO

7300 MACARTHUR BLVD
GLEN ECHO,MD20812 		N/A PC General & Unrestricted 5,000

RAINBOW PLACE SHELTER FOR HOMELESS WOMEN INC

215 W MONTGOMERY AVE
ROCKVILLE,MD20850 		N/A PC General & Unrestricted 12,300

REGIONAL INSTITUTE FOR CHILDREN AND ADOLESCENTS RO

15000 BROSCHART RD
ROCKVILLE,MD20850 		N/A PC General & Unrestricted 16,700

SANDER COHEN SCHOLARSHIP FOUNDATION INC

2 LAKESTONE CT
ROCKVILLE,MD20850 		N/A PC General & Unrestricted 10,000

SAVE THE CHILDREN FEDERATION INC

501 KINGS HWY EAST STE 400
FAIRFIELD,CT06825 		N/A PC General & Unrestricted 330,000

SHE READY FOUNDATION

3727 W MAGNOLIA BLVD 807
BURBANK,CA91505 		N/A PC General & Unrestricted 125,000

SO WHAT ELSE INC

6901 ROCKLEDGE DR UNIT 709
BETHESDA,MD20817 		N/A PC General & Unrestricted 50,000

SOCIAL GOOD FUND INC

PO BOX 5473
RICHMOND,CA94805 		N/A PC General & Unrestricted 50,000

SOCIETY FOR SCIENCE AND THE PUBLIC

1719 N ST NW
WASHINGTON,DC20036 		N/A PC General & Unrestricted 225,000

SOME INC

71 O ST NW
WASHINGTON,DC20001 		N/A PC General & Unrestricted 50,000

ST FRANCIS OF ASSISI ORTHODOX CATHOLIC CHURCH INC

41 HUNTER FARM DR
SENOIA,GA30276 		N/A PC General & Unrestricted 15,000

THE ARC NORTHERN CHESAPEAKE REGION INCORPORATED

4513 PHILADELPHIA RD
ABERDEEN,MD21001 		N/A PC General & Unrestricted 100,000

THE MONTGOMERY COUNTY COALITION FOR THE HOMELESS I

2301 RESEARCH BLVD STE 200
ROCKVILLE,MD20850 		N/A PC General & Unrestricted 26,000

THE VISCARDI CENTER INC

201 I U WILLETS RD
ALBERTSON,NY11507 		N/A PC The Viscardi Center for the Project Accessible Oral Health 50,000

THE WORLD VALUES NETWORK

394 E PALISADE AVE
ENGLEWOOD,NJ07631 		N/A PC General & Unrestricted 25,000

TRUSTEES OF DARTMOUTH COLLEGE

6001 PARKHURST HALL STE 207
HANOVER,NH03755 		N/A PC General & Unrestricted 5,000

UNITY HEALTH CARE INC

1100NEWJERSEY AVE SE500
WASHINGTON,DC20003 		N/A PC General & Unrestricted 200,000

VANDERBILT UNIVERSITY

PO BOX 290369 525 ROYAL PKWY
NASHVILLE,TN37229 		N/A PC General & Unrestricted 5,000

WASHINGTON INNER CITY LACROSSE

2000 PENNSYLVANIA AVE NW 7000
WASHINGTON,DC20006 		N/A PC General & Unrestricted 5,000
Total .................................right arrow 3a 7,842,000
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 170,743  
4 Dividends and interest from securities ....     14 3,901,488  
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 ............ 		525990 671 18 -5,530,328  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -13,296 14 129,159  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -12,625 -1,328,938  
13Total. Add line 12, columns (b), (d), and (e)..................
13
-1,341,563
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General Consultations 16,120     16,120

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

TY 2024 DepreciationSchedule
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COMPUTER EQUIPMENT 2023-06-12 11,077 2,147 SL 5 2,215   0  
COMPUTER EQUIPMENT 2023-09-25 10,733 2,216 SL 5 2,147   0  
DENTAL CABINET   1,053 1,053         0  
DISPLAY CASE   1,517 1,517         0  
OFFICE FURNITURE   17,636 17,636         0  
OFFICE FURNITURE   1,148 1,148         0  
OFFICE FURNITURE   2,201 2,201         0  
PAINTING   1,400 1,400         0  
PAINTING   9,050 9,050         0  

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TY 2024 ExpenditureResponsibilityStmt
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
HENRY SCHEIN CARES FOUNDATION INC
  		135 DURYEA RD
MELVILLE,NY11747 		2024-04-30 160,000 General Operating Support 160,000 NO 08/21/2025   NONE NECESSARY
EPIPHANY SCHOOL FOUNDATION INC
  		234 E 22ND ST
NEW YORK,NY10010 		2024-12-10 20,000 General Operating Support 20,000 NO 09/17/2025   NONE NECESSARY
HENRY SCHEIN CARES FOUNDATION INC
  		135 DURYEA RD
MELVILLE,NY11747 		2024-12-26 150,000 General Operating Support 150,000 NO 08/21/2025   NONE NECESSARY

TY 2024 GeneralExplanationAttachment
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Identifier Return Reference Explanation
FORM 990-PF, PARTS I AND XIV: FORM 990-PF, PARTS I AND XIV: TOTAL Part I, Line 25, Column (a) and Part XIV, Line 3a: $7,842,000 Less amount not treated as qualifying distribution: $330,000 TOTAL Part I, Line 25, Column (d): $7,512,000
Form 926 Form 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
Form 8865 form 8865 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
PART I LINE 6A (990-PF) part 1 Line 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $(5,530,328) TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $671 TOTAL PART I, LINE 6A: $(5,529,657) DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $53,403,864 BOOK BASIS: $52,968,852 NET GAIN/(LOSS): $435,012 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $117,227 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $5,000,000 BOOK BASIS: $11,082,567 NET GAIN/(LOSS): $(6,082,567)

TY 2024 InvestmentsCorpBondsSchedule
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLEGION US HLDG CO INC NT - 3 142,651 144,633
ALTRIA GROUP INC - 6.200% - 11 154,231 156,955
AMERICAN TOWER CORP - 3.600% - 105,429 108,633
AT&T INC - 4.100% - 02/15/2028 103,428 106,690
AT&T INC - 4.350% - 03/01/2029 55,596 55,795
BAT CAPITAL CORP - 6.241% - 08 54,425 53,909
BAT CAPITAL CORP MTN CALL MAKE 105,640 111,167
BERRY GLOBAL INC - 1.570% - 01 158,216 165,985
BLOCK FINL LLC - 3.875% - 08/1 160,539 164,221
BOYD GAMING - 4.750% - 12/01/2 134,820 139,218
BROADCOM - 4.300% - 11/15/2032 54,157 51,885
BROADCOM INC SER B NOTE - 4.15 105,360 111,914
CARLISLE 3.75% 12/01/2027 - 3. 103,730 108,041
CDW LLC - 3.276% - 12/01/2028 103,828 109,770
CDW LLC / CDW FIN CORP - 4.250 52,635 53,297
CONAGRA BRANDS INC SR NOTE - 4 155,662 159,037
CROWN CASTLE INC - 5.200% - 09 137,079 134,523
CROWN CASTLE INC - 5.800% - 03 31,013 30,581
DICKS SPORTING GOODS INC NOTE 149,123 154,289
DISCOVERY COMMUNICATIONS LLC - 157,786 159,308
DOLLAR TREE INC - 4.200% - 05/ 105,079 107,936
EAGLE MATLS INC - 2.500% - 07/ 158,655 163,340
ENCOMPASS - 4.750% - 02/01/203 136,313 141,938
EXPEDIA GROUP INC SER B NOTE - 53,907 54,766
EXPEDIA GROUP INC SER B NOTE C 104,583 109,695
FISERV INC - 5.650% - 08/21/20 55,633 55,987
FISERV INC NOTE CALL MAKE WHOL 105,826 106,013
FLEXTRONICS INTL - 6.000% - 01 102,773 105,063
FLEXTRONICS INTL LTD - 5.250% 33,388 32,461
FORTUNE BRANDS HOME & SECURITY 158,233 161,841
GENUINE PARTS CO - 6.500% - 11 154,789 157,476
GLOBAL PAYMENTS - 2.900% - 05/ 158,873 163,821
HCA 3.5% 09/01/2030 - 3.500% - 104,496 109,943
HCA INC - 5.625% - 09/01/2028 51,461 51,675
HP INC - 5.500% - 01/15/2033 56,357 55,516
HP INC NOTE - 3.000% - 06/17/2 108,446 110,131
L BRANDS INC - 7.500% - 06/15/ 133,320 136,028
LKQ CORP - 5.750% - 06/15/2028 161,084 160,581
LOWES - 3.650% - 04/05/2029 35,652 35,239
MARRIOTT INTERNATIONAL INC. CL 160,031 160,900
MICROCHIP TECHNOLOGYINC. SER B 161,225 163,318
MOLSON COORS BEVERAGE CO NOTE 104,632 108,119
MOTOROLA - 4.600% - 02/23/2028 53,185 53,503
MOTOROLA SOLUTIONS INC NOTE - 106,557 107,198
OLIN CORP NOTE - 5.625% - 08/0 103,291 105,976
OLIN CORP NOTE CALL - 5.125% - 52,683 52,851
ORACLE CORP - 2.300% - 03/25/2 158,236 163,630
PHILIP MORRIS INTL INC NOTE - 159,598 158,672
QORVO INC - 4.350% - 10/15/202 159,866 158,494
QUANTA SVCS INC - 2.900% - 10/ 140,108 148,265
SERVICE CORP - 3.375% - 08/15/ 71,033 71,750
SERVICE CORP INTL - 5.125% - 0 135,493 138,356
STATE OF ISRAEL BOND THE SHALO 4,999,999 5,226,390
STEEL DYNAMICS INC - 3.450% - 153,060 160,392
TELEDYNE TECHNOLOGIES INC - 2. 163,714 165,869
TENET HEALTHCARE CORP SER B NO 201,158 206,616
TRANSDIGM INC SER B NOTE - 5.5 203,015 208,318
TRIMBLE - 4.900% - 06/15/2028 155,525 159,841
UNITED RENTALS NORTH AMER INC 26,245 26,397
UNITED RENTALS NORTHAMER INC - 135,447 137,225
VERIZON COMMS - 4.329% - 09/21 155,998 158,958
WESTINGHOUSE AIR BRAKE TECHNOL 160,471 162,410
WILLIS NORTH AMER - 2.950% - 0 104,601 110,043
WILLIS NORTH AMER INC NOTE - 4 50,649 51,051
YUM BRANDS INC NOTE - 5.375% - 221,200 216,936
ZIMMER BIOMET HLDGS - 3.550% - 104,819 107,689
ZIMMER BIOMET HOLDINGS INC - 5 53,912 53,801

TY 2024 InvestmentsCorpStockSchedule
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 64,160 64,932
ABBOTT LABS 45,750 47,846
ADOBE SYSTEMS, INC 213,750 176,983
AIRBNB 3,124 3,285
ALCON INC 121,171 132,853
ALIBABA GROUP HOLDING LTD 21,563 17,721
ALPHABET INC CL C 281,275 416,111
AMAZON COM 308,810 562,297
AMER INTERNATIONAL GROUP INC 140,523 138,102
AMERICAN WATER WORKS COMPANY I 120,701 114,904
AMERIPRISE FINANCIAL INC 139,999 247,580
AMGEN INC 137,979 145,176
AMPHENOL CORPORATION 24,495 45,351
ANSYS INC 155,454 168,328
APPLE INC 572,610 729,473
APPLOVIN CORP 31,284 37,240
ARISTA NETWORKS 44,204 86,213
ASML HOLDING NV NY REG SHS 6,905 7,624
ATMOS ENERGY CORP 135,509 166,428
AUTOZONE INC 34,184 51,232
BERKSHIRE HATHAWAY INC. CLASS 76,588 73,885
BLOCK INC 19,845 19,803
BOOKING HOLDINGS INC 26,467 34,779
BROADCOM INC 98,551 223,726
CAPITAL ONE FINANCIAL CORP 142,844 228,606
CELSIUS HLDGS INC 21,567 7,744
CHENIERE ENERGY INC 10,601 13,752
CHIPOTLE MEX GRILL 14,411 20,924
COMMERCE BANCSHARES, INC 56,066 74,897
CONOCOPHILLIPS 22,332 18,842
CONSTELLATION BRANDS INC 104,351 93,262
CORTEVA INC 184,061 214,227
COTERRA ENERGY INC 140,991 136,205
CULLEN FROST BANKERS INC 86,710 115,052
D R HORTON 127,823 114,513
DANAHER CORP 144,506 145,305
DOORDASH ORD SHS CLASS A 46,108 75,823
EATON CORP PLC 28,006 44,471
ECOLAB INC 126,524 157,229
EDWARDS LIFESCIENCES 15,599 14,880
ELI LILLY & CO 141,291 186,052
EQUITY LIFESTYLE PRP 99,865 98,368
FAIR ISSAC & CO INC 28,343 45,791
FREEPORT-MCMORAN COPPER & GOLD 5,050 3,503
GEN DYNAMICS CP 100,183 123,840
GOLDMAN SACHS GROUP 89,290 100,209
GRAINGER W W INC 21,202 28,459
HOME DEPOT INC 36,970 35,398
HONEYWELL INTL 130,855 151,572
HUBSPOT INC 19,834 37,626
INTERNATIONAL BUSINESS MACHINE 74,637 74,962
INTUIT 41,170 60,965
INTUITIVE SURGICAL 114,379 146,149
INVESCO OPTIMUM YIELD DIVERSIF 4,435,340 4,149,370
ISHARES CORE MSCI EAFE ETF 2,761,532 4,037,727
ISHARES MSCI EMERGING MARKETS 1,999,913 2,092,547
ISHARES RUSSELL 3000 6,477,416 7,994,592
ISHARES TRUST - ISHARES MSCI A 15,299,548 14,762,322
JOHNSON & JOHNSON 51,740 49,460
KKR & CO INC 74,038 101,170
LAM RESEARCH CORP 28,891 24,486
LENNAR CORP 153,477 192,282
LOWES COMPANIES INC 106,730 126,855
MARTIN MARIETTA MATLS INC 141,449 169,929
MASTERCARD INC 180,989 231,691
MCDONALD'S CORP 58,306 65,515
MCKESSON CORP 38,480 59,841
MEDTRONIC PLC 105,665 91,303
MERCADOLIBRE, INC 40,859 57,815
MERCK & CO INC 133,512 123,156
META PLATFORMS INC 181,897 436,205
MICHELIN CIE GEN UNSP/ADR 110,075 105,666
MICROCHIP TECHNOLOGY INC 161,600 115,331
MICROSOFT CORP 544,476 743,948
MITSUBISHI UFJ FINANCIAL GROUP 62,958 114,493
MONGODB INC CL A 7,589 4,656
MONSTER BEVERAGE CORP 8,095 7,358
NATERA INC 17,809 17,255
NETFLIX INC 102,096 243,330
NVIDIA CORP 193,945 753,770
ORACLE CORP 68,936 137,978
OSHKOSH CORP 87,263 80,239
PALO ALTO NETWORKS INC 33,120 42,579
PARKER HANNIFIN CP 165,462 288,758
PAYPAL HOLDINGS, INC 54,037 57,014
PNC FINANCIAL GROUP INC 93,422 140,202
PROCTER GAMBLE CO 116,016 130,264
QUALCOMM INC 120,008 158,075
QUANTA SVCS INC 41,477 57,521
REGENERON PHARMACEUTICALS INC 23,637 21,370
RPM INTERNATIONAL INC 123,013 155,548
SALESFORCE.COM 76,213 75,893
SERVICE NOW 117,289 162,198
SHOPIFY INC 38,379 46,147
SONY GROUP CORP 123,207 156,901
SPDR BARCLAYS CAPITAL 1-3 MONT 107,405 107,156
SPDR GOLD SHARES 4,270,533 4,239,212
SPOTIFY TECHNOLOGY SA 44,700 88,581
STARBUCKS CORP COM 41,413 38,599
SYNOPSYS, INC 16,534 17,473
TAIWAN SEMICONDUCTOR MFG CO LT 38,390 66,357
TELEDYNE TECH INC 131,513 143,416
TESLA MOTORS INC 190,661 281,880
THE BLACKSTONE GROUP INC CL A 166,614 250,526
THE COCA-COLA CO 222,926 224,011
THE TRADE DESK INC 17,346 32,791
THERMO FISHER SCIENTIFIC INC 14,063 11,965
TOTALENERGIES SE 135,532 114,668
TRANE TECHNOLOGIES PLC 28,071 56,511
TRANSDIGM GRP INC 57,216 87,442
UBER 22,871 35,528
UNION PACIFIC 24,646 23,944
US BANCORP 122,557 177,641
VANGUARD RUSSELL 3000 18,195,881 37,541,000
VERIZON COMMUNICATIONS 141,064 133,407
VERTIV CL A 28,556 33,742
WAL-MART STORES INC 40,816 39,031
XCEL ENERGY INC 122,800 141,184
XYLEM INC 126,976 138,296

TY 2024 InvestmentsGovtObligationsSch
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
US Government Securities - End of Year Book Value:

11,368,648
US Government Securities - End of Year Fair Market Value:

11,420,498
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsOtherSchedule2
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
2I (DUAL IMPACT) VENTURES, L.P   653,334 792,236
APOLLO DEBT SOLUTIONS BDC CLAS   5,000,000 5,121,274
BLACKROCK PRIVATE OPP FUND IV   934,807 1,042,149
BLUMBERG CAPITAL V, L.P   581,052 740,316
BRIDGE WORKFORCE & AFFORDABLE   504,322 1,087,060
CAMBER CREEK FUND III, LP   751,111 1,419,789
CIBUS ANNA FUND II L.P (ALT -   385,600 696,594
COLLER INTL PARTNERS VIII FEED   1,223,948 1,694,296
EJF DEBT OPPORTUNITIES OFFSHOR   6,506,797 5,892,731
EJF FINANCIAL SERVICES FUND -   10,551,717 13,291,555
EJF SMALL FINANCIAL EQUITIES -   1,006,925 908,817
EJF VENTURES OFFSHORE FUND LP   2,165,402 2,531,557
FS CREDIT REAL ESTATE INCOME T   4,000,000 3,980,788
ICAP ARCTOS SPORTS PRN FD II C   330,432 356,397
ICAPITAL-APOLLO OVERSEAS PTN X   944,756 1,071,088
INFRA INVESTMENTS FUND (ICAPIT   4,176,220 4,730,638
INSIGHT PARTNERS (CAYMAN) XII   2,391,619 2,623,827
KKR PRIVATE EQUITY CONGLOMERAT   5,048,568 5,385,596
PORTFOLIO ADVISORS PRIVATE EQU   1,797,192 2,065,361
PREPAID TAXES   354,395 354,395
RREF V DEBT DOMESTIC INVESTORS   681,845 681,054
SECURITY DEPOSIT   6,448 6,448
STARWOOD SOF-XII VIP TE, L.P   768,718 785,558
STEPSTONE SECONDARIES FD VI-B   922,727 1,643,569
STEPSTONE TACTICAL GROWTH FUND   1,415,748 1,987,607
THE RISE FUND CAYFIR AIV II, L   154,444 191,935
THE RISE FUND CAYMAN AIV II, L   458,182 914,499
THE RISE FUND DE AIV II, L.P   174,540 251,234
THE RISE FUND FIRPTA AIV II, L   21,939 25,599
THE RISE FUND III L.P   72,689 494,459
TRUST VENTURES FUND III LP   1,309,156 1,462,766

TY 2024 LandEtcSchedule2
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER EQUIPMENT 11,077 4,362 6,715 6,647
COMPUTER EQUIPMENT 10,733 4,363 6,370 6,438
DENTAL CABINET 1,053 1,053    
DISPLAY CASE 1,517 1,517    
OFFICE FURNITURE 17,636 17,636    
OFFICE FURNITURE 1,148 1,148    
OFFICE FURNITURE 2,201 2,201    
PAINTING 1,400 1,400    
PAINTING 9,050 9,050    


TY 2024 OtherDecreasesSchedule
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Description Amount
TO ADJ ASSETS FROM FMV TO BOOK VALUE 11,826,467


TY 2024 OtherExpensesSchedule
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Set-Up Fee 5,500     5,500
Bank Charges 792 792    
Computers/Electronic Devices 1,443     1,443
Foundation Dues & Memberships 96     96
Indemnification Insurance 3,109     3,109
K-1 Exp BLUMBERG CAPITAL V, L. 28,646 28,645    
K-1 Exp BRIDGE WORKFORCE & AFF 4,066 4,065    
K-1 Exp CAMBER CREEK FUND III, 16,861 16,861    
K-1 Exp KKR PRIVATE EQUITY CON 10,580 10,580    
K-1 Exp RREF V DEBT DOMESTIC I -426 -426    
K-1 Exp STARWOOD SOF-XII VIP T 3,339 3,339    
K-1 Exp STEPSTONE SECONDARIES 7,844 7,844    
K-1 Exp THE RISE FUND CAYFIR A 601 542    
K-1 Exp THE RISE FUND CAYMAN A 31,599 17,309    
K-1 Exp THE RISE FUND DE AIV I 1,125 542    
K-1 Exp THE RISE FUND FIRPTA A 385 336    
K-1 Exp THE RISE FUND III L.P 106,602 95,459    
K-1 Exp TRUST VENTURES FUND II 77,986 77,986    
Office Supplies 1,313     1,313
Payroll Processing Fees 3,471     3,471
Website Hosting/Support 1,017     1,017
CREDIT CARD FEE 99     99


TY 2024 OtherIncomeSchedule2
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss BLUMBERG CAPITAL V, L.P 173 173  
K-1 Inc/Loss CAMBER CREEK FUND III, LP 197 197  
K-1 Inc/Loss KKR PRIVATE EQUITY CONGLOMERATE LLC 45,705 45,705  
K-1 Inc/Loss RREF V DEBT DOMESTIC INVESTORS LP - 7,597 7,597  
K-1 Inc/Loss STARWOOD SOF-XII VIP TE, L.P 23,692 23,479  
K-1 Inc/Loss STEPSTONE SECONDARIES FD VI-B 565 520  
K-1 Inc/Loss THE RISE FUND CAYFIR AIV II, L.P -3,412 697  
K-1 Inc/Loss THE RISE FUND CAYMAN AIV II, L.P 31,708 29,242  
K-1 Inc/Loss THE RISE FUND DE AIV II, L.P -3,083 8,839  
K-1 Inc/Loss THE RISE FUND III L.P 259 248  
K-1 Inc/Loss TRUST VENTURES FUND III LP 12,462 12,462  


TY 2024 OtherProfessionalFeesSchedule
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 263,884 263,884    
Philanthropic Consulting Srvcs 77,000     77,000
Website Development 29,375     29,375


TY 2024 TaxesSchedule
Name:
Robert I Schattner Foundation Inc
 
aka Schattner Foundation
EIN:
52-1800778
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Tax Paid 3,873 3,873    
Property Taxes 735     735