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 07-01-2024 , and ending 06-30-2025
Name of foundation
THE BROOK J LENFEST FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)939 JEFFERSON AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUDUBON, PA19403
A Employer identification number

23-3031338
B Telephone number (see instructions)

(215) 527-1940
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$14,081,399J 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 82,266 82,266  
4 Dividends and interest from securities... 170,855 170,855  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 935,658
b Gross sales price for all assets on line 6a 3,009,639
7 Capital gain net income (from Part IV, line 2)... 935,658
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
43,108 50,084  
12 Total. Add lines 1 through 11........ 1,231,887 1,238,863  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25,340 0   25,340
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
87,491 62,823   24,668
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
111,505 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
31,576 29,466   1,929
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 255,912 92,289   51,937
25 Contributions, gifts, grants paid....... 1,548,761 1,183,761
26 Total expenses and disbursements. Add lines 24 and 25 1,804,673 92,289   1,235,698
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -572,786
b Net investment income (if negative, enter -0-) 1,146,574
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............. 35,418 85,193 85,193
2 Savings and temporary cash investments......... 1,123,102 189,273 189,273
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) 1,522,335 Click to see attachment
List of Attached Documents:
// Content
1,538,505 		1,587,793
b Investments—corporate stock (attach schedule)....... 6,800,794 Click to see attachment
List of Attached Documents:
// Content
6,714,465 		8,599,407
c Investments—corporate bonds (attach schedule)....... 394,402 Click to see attachment
List of Attached Documents:
// Content
405,046 		427,066
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).......... 2,929,171 Click to see attachment
List of Attached Documents:
// Content
3,192,667 		3,192,667
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,805,222 12,125,149 14,081,399
Liabilities 17 Accounts payable and accrued expenses..........   57,460
18 Grants payable................. 81,432 660,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 81,432 717,460
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........... 12,723,790 11,407,689
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    
29 Total net assets or fund balances (see instructions)..... 12,723,790 11,407,689
30 Total liabilities and net assets/fund balances (see instructions). 12,805,222 12,125,149
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
12,723,790
2
Enter amount from Part I, line 27a .....................
2
-572,786
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,151,004
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
743,315
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,407,689
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 K-1 GAINS P    
b PUBLICLY TRADED SECURITIES      
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 280,491     280,491
b 2,404,610   2,073,981 330,629
c 324,538     324,538
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       280,491
b       330,629
c       324,538
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 2 935,658
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 15,937
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 15,937
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 15,937
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,000
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
8 832
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,769
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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 arrowPA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.BROOKJLENFESTFOUNDATION.ORG
14
The books are in care ofright arrowWESTON SOMERVILLE Telephone no.right arrow (215) 527-1940

Located atright arrow939 JEFFERSON AVEAUDUBONPA ZIP+4right arrow19403
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
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
BROOK J LENFEST PRESIDENT
2.00 		0 0 0
939 JEFFERSON AVE
AUDUBON,PA19403
MARGUERITA B LENFEST TREASURER
1.00 		0 0 0
939 JEFFERSON AVE
AUDUBON,PA19403
TRACY COYLE SECRETARY
2.00 		0 0 0
939 JEFFERSON AVE
AUDUBON,PA19403
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
MORGAN STANLEY INVESTMENT ADVISORY 62,823
100 FRONT ST STE 600
WEST CONSHOHOCKEN,PA19428
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
10,011,832
b
Average of monthly cash balances.......................
1b
856,915
c
Fair market value of all other assets (see instructions)................
1c
3,192,667
d
Total (add lines 1a, b, and c).........................
1d
14,061,414
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
14,061,414
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
210,921
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,850,493
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
692,525
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
692,525
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
15,937
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,937
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
676,588
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
676,588
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
676,588
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
1,235,698
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
1,235,698
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 7 676,588
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...... 5,832,558
b From 2020...... 562,354
c From 2021...... 538,668
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 6,933,580
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,235,698
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..... 676,588
e Remaining amount distributed out of corpus 559,110
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 7,492,690
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) ... 		5,832,558
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,660,132
10 Analysis of line 9:
a Excess from 2020.... 562,354
b Excess from 2021.... 538,668
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 559,110
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).)
BROOK J LENFEST
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
WESTON SOMERVILLE
939 JEFFERSON AVE
AUDOBON,PA19403
(215) 527-1940
WSOMERVILLE@LENFESTFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
SEE HTTPS://BROOKJLENFESTFOUNDATION.ORG/CONTACT-US/ FOR MORE INFORMATION.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE HTTPS://BROOKJLENFESTFOUNDATION.ORG/CONTACT-US/ FOR MORE INFORMATION.
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

ACHIEVEABILITY

21 SOUTH 61ST ST
PHILADELPHIA,PA19139 		N/A PC TECHUP PROGRAM 15,000

AVENUE OF THE ARTS

PO BOX 22607
PHILADELPHIA,PA19110 		N/A PC GENERAL SUPPORT 25,000

BAKER INDUSTRIES

184 PENNSYLVANIA AVE
MALVERN,PA19355 		N/A PC JOB READINESS TRAINING 15,000

BEAT THE STREETS PHILADELPHIA

3700 MARKET ST SUITE 3000
PHILADELPHIA,PA19104 		N/A PC PLAYMAKER PROGRAM 25,000

BIG PICTURE PHILADELPHIA

2300 MASTER ST
PHILADELPHIA,PA19121 		N/A PC REAL WORLD LEARNING PROGRAM 50,000

BREAKTHROUGH OF GREATER PHILADELPHIA

34 WEST COULTER ST
PHILADELPHIA,PA19144 		N/A PC GENERAL SUPPORT 25,000

CASA OF PHILADELPHIA COUNTY

1501 CHERRY ST
PHILADELPHIA,PA19102 		N/A PC GENERAL SUPPORT 15,000

CATHEDRAL SOUP KITCHEN INC

1514 FEDERAL ST
CAMDEN,NJ08105 		N/A PC CULINARY ARTS TRAINING 7,500

CHESTER COUNTY FUTURES

704 HAYWOOD DR
EXTON,PA19341 		N/A PC PASSPORT PROGRAM 15,000

CLARKE SCHOOLS FOR HEARING AND SPEECH

45 ROUND HILL RD
NORTHHAMPTON,MA01060 		N/A PC GENERAL SUPPORT 20,000

COMPASS WORKING CAPITAL

8 PENN CENTER 1628 JFK BLVD
PHILADELPHIA,PA19103 		N/A PC FAMILY SELF-SUFFICIENCY PROGRAM 10,000

CRADLE OF HOPE

1657 THE FAIRWAY 140
JENKINTOWN,PA19046 		N/A PC TRANSITIONAL HOUSING AND CASE MANAGEMENT 10,000

CRISTO REY PHILADELPHIA

1717 W ALLEGHENY AVE
PHILADELPHIA,PA19132 		N/A PC GENERAL SUPPORT 35,000

GREEN LIGHT FUND PHILADELPHIA

50 MILK ST 16TH FLOOR
BOSTON,MA02109 		N/A PC GENERAL SUPPORT 10,000

HEIGHTS PHILADELPHIA

230 S BROAD ST 7TH FLOOR
PHILADELPHIA,PA19102 		N/A PC GENERAL SUPPORT 50,000

HOPEWORKS

808 MARKET ST
CAMDEN,NJ08102 		N/A PC CAREER READINESS PROGRAM 25,000

LEVELING THE PLAYING FIELD

404 ELMWOOD AVE
SHARON HILL,PA19079 		N/A PC GENERAL SUPPORT 5,000

MERCY CAREER & TECH

2900 WEST HUNTING PARK AVE
PHILADELPHIA,PA19129 		N/A PC GENERAL SUPPORT 30,000

NEW LEASH ON LIFE USA

201 W FRONT ST
PHILADELPHIA,PA19106 		N/A PC WORKFORCE DEVELOPMENT PROGRAM 50,000

PARENTCHILD

242 WEST 30TH ST STE 1100
NEW YORK,NY10001 		N/A PC GENERAL SUPPORT 25,000

PENN STATE UNIVERSITY

2583 GATEWAY DR BRISTO PL 1 STE 200
STATE COLLEGE,PA16801 		N/A PC GENERAL SUPPORT 12,381

PENN STATE UNIVERSITY

2583 GATEWAY DR BRISTO PL 1 STE 200
STATE COLLEGE,PA16801 		N/A PC GENERAL SUPPORT 14,804

PENNSYLVANIA COLLEGE OF TECHNOLOGY

1 COLLEGE AVENUE
WILLIAMSPORT,PA17701 		N/A PC GENERAL SUPPORT 125,832

PER SCHOLAS

PO BOX 411938
BOSTON,MA02241 		N/A PC IT SUPPORT AND CYBERSECURITY TRAINING 25,000

PHILABUNDANCE

3616 S GALLOWAY ST
PHILADELPHIA,PA19148 		N/A PC GENERAL SUPPORT 20,000

PHILADELPHIA FILM SOCIETY

400 RANSTEAD STREET
PHILADELPHIA,PA19106 		N/A PC FUNDRAISING CAMPAIGN 25,000

PHILADELPHIA SHIP PRESERVATION GUILD

301 S CHRISTOPHER COLUMBUS BLVD 2
PHILADELPHIA,PA19106 		N/A PC GENERAL SUPPORT 50,000

READING ALLOWED

275 S 19TH ST SUITE 600
PHILADELPHIA,PA19103 		N/A PC GENERAL SUPPORT 25,000

ROCK TO THE FUTURE

1201 N 3RD ST 283
PHILADELPHIA,PA19122 		N/A PC GENERAL SUPPORT 25,000

SETTLEMENT MUSIC SCHOOL

6128 GERMANTOWN AVE
PHILADELPHIA,PA19144 		N/A PC MUSIC EDUCATION PATHWAYS 25,000

SUMMER SEARCH PHILA

1528 WALNUT ST STE 1006
PHILADELPHIA,PA19102 		N/A PC GENERAL SUPPORT 10,000

TEACH FOR AMERICA

100 W OXFORD ST STE E-300
PHILADELPHIA,PA19122 		N/A PC GENERAL SUPPORT 20,000

THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY

1900 BENJAMIN FRANKLIN PKWY
PHILADELPHIA,PA19103 		N/A PC WOMEN IN NATURAL SCIENCES 35,000

THE PHILADELPHIA EDUCATION FUND

718 ARCH ST SUITE 700N
PHILADELPHIA,PA19106 		N/A PC COLLEGE ACCESS PROGRAM 25,000

UNITED WAY OF PENNSYLVANIA

1800 JFK BLVD FLOOR 12
PHILADELPHIA,PA19103 		N/A PC PATHWAYS TO OPPORTUNITY 100,000

VARIETY THE CHILDREN'S CHARITY OF THE DELAWARE VALLEY

PO BOX 609
WORCESTER,PA19490 		N/A PC GENERAL SUPPORT 15,000

WEST CHESTER UNIVERSITY FOUNDATION

202 CARTER DR
WEST CHESTER,PA19382 		N/A PC GENERAL SUPPORT 46,812

WISSAHICKON FOUNDATION

PO BOX 14227
PHILADELPHIA,PA19140 		N/A PC GENERAL SUPPORT 50,000

HISTORICAL SOCIETY OF PENNSYLVANIA

1300 LOCUST ST
PHILADELPHIA,PA19107 		N/A PC GENERAL SUPPORT 12,500

NORTH10 PHILADELPHIA

3890 N 10TH STREET
PHILADELPHIA,PA19106 		N/A PC GENERAL SUPPORT 7,645

THE COMMONWEALTH SOCIETY

420 N 3RD ST
HARRISBURG,PA17101 		N/A PC GENERAL SUPPORT 50,000

PENN STATE UNIVERSITY

2583 GATEWAY DR BRISTO PL 1 STE 200
STATE COLLEGE,PA16801 		N/A PC GENERAL SUPPORT 1,287
Total .................................right arrow 3a 1,183,761
bApproved for future payment

MOM'S HOUSE INC
865 S MAIN ST
PHOENIXVILLE,PA19460 		N/A PC GENERAL SUPPORT 5,000

NORTH10 PHILADELPHIA
3890 N 10TH STREET
PHILADELPHIA,PA19140 		N/A PC GENERAL SUPPORT 100,000

TEMPLE UNIVERSITY
1801 N BROAD ST CONWELL HALL 7TH
FLOOR
PHILADELPHIA,PA19122 		N/A PC ENDOWMENT 250,000

TRICOUNTY COMMUNITY NETWORK RESILIENT STUDENTS
13 ARMAND HAMMER BLVD STE 102
POTTSTOWN,PA19464 		N/A PC STUDENT HELP HUB 10,000
Total ................................. right arrow 3b 365,000
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 82,266  
4 Dividends and interest from securities ....     14 170,855  
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 ............ 		    18 935,658  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 INCOME 		  -6,976 14 50,084  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -6,976 1,238,863 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,231,887
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RETURN PREPARATION AND TAX COMPLIANCE 25,340 0   25,340

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Name of Bond End of Year Book Value End of Year Fair Market Value
JPMORGAN CHASE & CO FXD 70,355 75,501
BRISTOL-MYERS SQUIBB CO 62,115 65,930
BP CAPITAL MARKETS AMERICA INC 69,151 71,246
BANK OF AMERICA CORP FXD 67,782 72,360
META PLATFORMS INC 71,634 73,599
CHARLES SCHWAB CORP 64,009 68,430

TY 2024 InvestmentsCorpStockSchedule
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC CL A 99,027 177,640
APPLE INC 223,314 288,469
BLACKROCK INC 123,946 180,471
BLACKSTONE INC 163,705 175,009
CHEVRON CORP 152,704 130,876
DELL TECHNOLOGIES INC CL C 156,668 139,887
EATON CORP PLC SHS 83,148 177,067
ELI LILLY & CO 162,598 169,158
GOLDMAN SACHS GRP INC 154,164 174,814
HOME DEPOT INC 147,841 170,121
JPMORGAN CHASE & CO 89,934 185,252
MICROSOFT CORP 163,367 305,907
NEXTERA ENERGY INC 169,445 174,452
NORTHROP GRUNMAN CP 162,014 176,993
PALO ALTO NETWORKS INC 98,684 134,858
PROCTOR & GAMBLE 148,907 170,791
SALESFORCE INC 96,707 118,620
SHERWIN WILLIAMS COMPANY OHIO 134,439 127,043
THERMO FISHER SCIENTIFIC 191,574 141,911
TRANE TECHNOLOGIES PLC 151,049 174,527
UBER TECHNOLOGIES INC 146,298 173,351
UNITEDHEALTH GP INC 206,756 170,336
VISA INC CL A 107,201 165,453
WALMART INC 147,812 167,986
WALT DISNEY CO HLDG CO 153,625 171,754
ISHARES INC MSCI JAPAN ETF 497,961 594,887
ISHARES MSCI ASIA EX-JAPAN ETF 271,006 339,403
ISHARES MSCI EMU ETF 506,939 675,114
VANGUARD TTL WRLD STK INDX 1,221,623 1,665,105
BLACKROCK BATS: SERIESW A PTF 100,002 103,694
AMER CENT FOC DYNAMIC GRW I 482,007 878,458

TY 2024 InvestmentsGovtObligationsSch
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
US Government Securities - End of Year Book Value:

1,538,505
US Government Securities - End of Year Fair Market Value:

1,587,793
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACL ALTERNATIVE FUND FMV 458,069 458,069
HP/REIFF LP FMV 1,207,204 1,207,204
LIQUID MARKETS FUND II FMV 56,590 56,590
MISSION OG PARALLEL FUND II FMV 800,499 800,499
MS EMRG PRIVATE MARKETS FMV 8,597 8,597
PRIVATE EQUITY LLR VI FMV 441,099 441,099
FORTRESS LENDING FUND IV (A) LP FMV 220,609 220,609

TY 2024 OtherDecreasesSchedule
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Description Amount
UNREALIZED CHANGE IN VALUE OF INVESTMENTS 743,315


TY 2024 OtherExpensesSchedule
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 1,929 0   1,929
K-1 EXPENSES 29,164 28,983   0
BANK FEES 483 483   0


TY 2024 OtherIncomeSchedule2
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 INCOME 43,108 50,084 43,108


TY 2024 OtherProfessionalFeesSchedule
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 62,823 62,823   0
GRANT ADVISORY 24,668 0   24,668


TY 2024 TaxesSchedule
Name:
THE BROOK J LENFEST FOUNDATION INC
EIN:
23-3031338
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 111,505 0   0