TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
THE ELIZABETH & BARETS O BENJAMIN
CHARITABLE FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address) CO SASS 210 PARK AVENUE 2ND FLOOR
Room/suite

City or town
FLORHAM PARK

State or province
NJ

Country

ZIP or foreign postal code
07932

A Employer identification number

22-3390586

B Telephone number (see instructions)

9733029700

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

D 1. Foreign organizations, check here.............

2. Foreign organizations meeting the 85%
test, check here and attach computation ...

E If private foundation status was terminated
under section 507(b)(1)(A), check here .......

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$14,967,300J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments	158,729		158,729
4	Dividends and interest from securities...	126,667		126,667
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		891,484
b	Gross sales price for all assets on line 6a 2,660,816
7	Capital gain net income (from Part IV, line 2)...			891,484
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,176,880		1,176,880
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).........	List of Attached Documents: // Content	7,198	0	7,198
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	13,250	13,250	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	152,813	82,913	69,900
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	10,620	1,649	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	215	0	215
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	184,096		97,812	77,313
25	Contributions, gifts, grants paid.......	712,500			712,500
26	Total expenses and disbursements. Add lines 24 and 25 ................	896,596		97,812	789,813
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	280,284
b	Net investment income (if negative, enter -0-)			1,079,068
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	42,272	665,150	665,150
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,032,961	List of Attached Documents: // Content 1,236,469	1,236,738
	b	Investments—corporate stock (attach schedule).......	4,742,554	List of Attached Documents: // Content 4,276,463	9,847,888
	c	Investments—corporate bonds (attach schedule).......	3,278,627	List of Attached Documents: // Content 3,190,411	3,202,989
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 6,330	List of Attached Documents: // Content 14,535	List of Attached Documents: // Content 14,535
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,102,744	9,383,028	14,967,300
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	9,102,744	9,383,028
	29	Total net assets or fund balances (see instructions).....	9,102,744	9,383,028
	30	Total liabilities and net assets/fund balances (see instructions).	9,102,744	9,383,028

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

9,102,744

Enter amount from Part I, line 27a .....................

280,284

Other increases not included in line 2 (itemize)

Add lines 1, 2, and 3 ..........................

9,383,028

Decreases not included in line 2 (itemize)

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..

9,383,028

Form 990-PF (2025)

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
1 a	PUBLICLY TRADED SECURITIES	P
b	PUBLICLY TRADED SECURITIES	P
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	160,463	130,058	30,405
b	2,500,184	1,639,274	860,910
c	169		169
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			30,405
b			860,910
c			169
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	891,484
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 .........................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	14,999
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	14,999
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	14,999
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	7,240
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	7,240
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9	7,759
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax	Refunded	11
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. $ 0(2) On foundation managers.$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers.$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website addressNONE

The books are in care ofSHERMAN ATLAS SYLVESTER STAMELMAN Telephone no. (973) 302-9700

Located at210 PARK AVENUE 2ND FLOORFLORHAM PARKNJ ZIP+407932

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........

and enter the amount of tax-exempt interest received or accrued during the year ........

16 At any time during calendar year 2025, 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

Form 990-PF (2025)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........

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 2025? .............

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)):

At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

If "Yes," list the years 20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2025 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 Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2025? ..

Form 990-PF (2025)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check .........

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
PETER LASSER	PRESIDENT 2.00	0	0	0
2628 WINDING LANE ATLANTA,GA30319	PRESIDENT 2.00	0	0	0
ANDREW STAMELMAN ESQ	TREASURER 2.00	0	0	0
210 PARK AVENUE 2ND FLOOR FLORHAM PARK,NJ07932	TREASURER 2.00	0	0	0
JULIA WATT-ROSENFELD	VICE PRESIDENT 0.25	0	0	0
163 OCEAN AVENUE 3E BROOKLYN,NY11225	VICE PRESIDENT 0.25	0	0	0
VICKI RUDNITSKY	TRUSTEE 0.25	0	0	0
3852 ALAMANDA DRIVE SARASOTA,FL34238	TRUSTEE 0.25	0	0	0
MADELEINE LASSER	SECRETARY 0.25	0	0	0
4418 SPRUCE STREET APT L4 PHILADELPHIA,PA19104	SECRETARY 0.25	0	0	0
JESSE ROSENFELD	TRUSTEE 0.25	0	0	0
748 KING STREET RYE BROOK,NY10573	TRUSTEE 0.25	0	0	0

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...................				0

Form 990-PF (2025)

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
1919 INVESTMENT COUNSEL LLC	INVESTMENT MANAGEMENT AND ADMINISTRATION	82,913
2 LOGAN SQUARE SUITE 1850 PHILADELPHIA,PA19103	INVESTMENT MANAGEMENT AND ADMINISTRATION	82,913
THE PHILANTHROPIC INITIATIVE	CHARITABLE PLANNING	69,900
75 ARLINGTON STREET SUITE 710 BOSTON,MA02116	CHARITABLE PLANNING	69,900

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.........................0

Form 990-PF (2025)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

14,023,343

Average of monthly cash balances.......................

156,179

Fair market value of all other assets (see instructions)................

Total (add lines 1a, 1b, and 1c).......................

14,179,522

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

14,179,522

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

212,693

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

13,966,829

Minimum investment return. Enter 5% (0.05) of line 5 ................

698,341

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

Minimum investment return from Part IX, line 6..................

698,341

Tax on investment income for 2025 from Part V, line 5 .......

14,999

Income tax for 2025. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

14,999

Distributable amount before adjustments. Subtract line 2c from line 1............

683,342

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

683,342

Deduction from distributable amount (see instructions) .................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

683,342

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........

789,813

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

789,813

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7					683,342
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2025:
a From 2020......	71,808
b From 2021......
c From 2022......	74,298
d From 2023......	76,274
e From 2024......	39,343
f Total of lines 3a through e ........		261,723
4Qualifying distributions for 2025 from Part
XI, line 4: $ 789,813
a Applied to 2024, 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 2025 distributable amount.....					683,342
e Remaining amount distributed out of corpus		106,471
5 Excess distributions carryover applied to 2025.		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		368,194
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 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........					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 2020 not applied on line 5 or line 7 (see instructions) ...		71,808
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		296,386
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....	74,298
c Excess from 2023 ....	76,274
d Excess from 2024 ....	39,343
e Excess from 2025 ....	106,471

Form 990-PF (2025)

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 2025, enter the date of the ruling ......

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2025	(b) 2024	(c) 2023	(d) 2022	(e) Total

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, 3b, or 3c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here 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, 2b, 2c, and 2d. 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 (2025)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BENJAMIN SCHOLARSHIP FUND 301 W ATLANTIC AVENUE SUITE 05 DELRAY BEACH,FL33444	NONE		FOR OPERATIONS	712,500
Total ................................. 3a				712,500

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2025)

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	(e) Related or exempt function income (See instructions.)
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	158,729
4 Dividends and interest from securities ....			14	126,667
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	891,484
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		1,176,880	0

13Total. Add line 12, columns (b), (d), and (e)..................

1,176,880

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2025)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 AccountingFeesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ASH & PARSONT LLP	13,250	13,250		0

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Name of Bond	End of Year Book Value	End of Year Fair Market Value
100,000 ABBVIE INC 4.25% 11/14/28	102,928	101,108
100,000 ALPHABET INC 4.1% 11/15/30	99,963	100,307
100,000 BROADCOM INC 4.2% 10/15/30	99,638	99,924
100,000 JABIL 4.25% 5/15/27	95,070	100,139
100,000 MORGAN STANLEY 4.994% 4/12/29	100,000	101,981
100,000 TARGET CORP 4.5% 9/15/32	97,105	100,988
35,000 AT&T INC 4.35% 3/01/29	34,828	35,182
35,000 BLACKROCK INC 3.25% 4/30/29	34,717	34,300
35,000 DUKE ENERGY 4.95% 1/15/33	34,620	36,049
35,000 LOCKHEED MARTIN CORP 4.4% 8/15/30	34,957	35,336
40,000 ELEVANCE HEALTH 2.875% 9/15/29	39,952	38,128
40,000 JPMORGAN CHASE & CO V/R 1/29/27	40,000	39,993
40,000 WELLTOWER INC 2.7% 2/15/27	39,957	39,470
45,000 AMGEN 5.25% 3/2/33	44,969	46,582
45,000 ARES CAPITAL CORP 5.8% 3/08/32	44,538	45,442
45,000 AVANGRID INC 3.8% 6/01/29	44,936	44,411
45,000 BANK OF AMERICA 4.745% 9/15/26	44,442	45,100
45,000 DELL INTL LLC 4/15/34	44,711	46,211
45,000 GILEAD SCIENCES INC 1.2% 10/01/27	44,961	43,105
45,000 HALLIBURTON CO 2.92% 3/01/30	44,988	42,568
45,000 INTUIT 5.2% 9/15/33	44,740	47,046
45,000 JEFFERIES FINANCIAL GROUP 4/14/34	44,473	47,493
45,000 M&T BANK 7.413% 10/30/29	45,000	48,821
45,000 M&T BK CORP 3/13/32	45,000	47,802
45,000 NISOURCE 5.4% 6/30/33	44,832	46,666
45,000 PFIZER INVESTMENT 4.75% 5/19/33	44,933	45,563
45,000 PROLOGIS LP 2.125% 4/15/27	44,779	44,041
45,000 PRUDENTIAL FINL MTN 1.5% 3/10/26	44,859	44,789
45,000 WALMART INC 1.5% 9/22/28	44,952	42,550
50,000 BANK MONTREAL MEDIUM 9/10/30	50,000	50,666
50,000 BLACKROCK 4.75% 5/25/33	49,308	51,153
50,000 BOSTON PPTYS LTD 1/15/35	49,980	51,421
50,000 COCA COLA CO/THE 1.45% 6/01/27	49,939	48,520
50,000 EXXON MOBIL CORP 3.043% 3/01/26	50,060	49,935
50,000 KROGER CO 9/15/34	49,920	50,276
50,000 VERIZON 1.75% 1/20/31	49,773	44,012
60,000 CELGENE CORP 3.9% 2/20/28	59,485	60,034
60,000 COMCAST CORP 5.5% 11/15/32	60,481	63,375
60,000 DOMINION ENERGY GAS HOLDINGS LLC 5.8% 1/15/35	59,829	63,353
60,000 HOME DEPOT 4.5% 9/15/32	59,096	60,725
60,000 META PLATFORMS 4.95% 5/15/33	59,885	61,739
60,000 SOUTHERN POWER 4.9% 10/1/35	59,465	59,353
60,000 UNITEDHEALTH GROUP 2.875% 8/15/29	60,515	57,616
65,000 AUTODESK INC 2.4% 12/15/31	64,365	57,783
65,000 ELEVANCE HEALTH 5.5% 10/15/32	67,428	68,429
65,000 LOWE'S COS INC 1.3% 4/15/28	64,954	61,300
65,000 PNC FINANCIAL 5.068% 1/24/34	65,000	66,503
65,000 REALTY INCOME 4.85% 3/15/30	64,207	66,744
65,000 TOYOTA MOTOR CR CORP 1.125% 6/18/26	64,971	64,211
70,000 BK OF N S 1.95% 2/02/27	69,969	68,620
70,000 NUTRIEN LTD 4.2% 4/01/29	68,578	69,873
75,000 BOSTON PPTYS LP 4.5% 12/01/28	73,257	75,485
75,000 ORACLE CORP 4.45% 9/26/30	74,942	73,376
80,000 AT&T INC 1.65% 2/01/28	79,899	76,258
95,000 HOST HOTELS 3.375% 12/15/29	94,257	91,134

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES-239 SHS	27,271	29,944
ABBVIE INC COM-327 SHS	54,441	74,716
ADOBE INC COM-70 SHS	34,260	24,499
ADVANCED DRAINAGE SYSTEMS-203 SHS	22,820	29,400
AIRBNB INC - CLASS A-182 SHS	25,283	24,701
ALPHABET INC/CA-CL A-470 SHS	13,243	147,110
ALPHABET INC-CL C-1,464 SHS	14,661	459,403
AMAZON.COM INC-1,470 SHS	78,879	339,305
AMERICAN WATER WORKS-318SHS	7,097	41,499
AMGEN INC-88 SHS	27,265	28,803
ANALOG DEVICE INC-232 SHS	50,869	62,918
AON PLC-184 SHS	42,334	64,930
APPLE INC-1,933 SHS	80,734	525,505
ASTRAZENECA PLC SPONS ADR-413 SHS	26,308	37,967
AXON ENTERPRISE-37 SHS	6,883	21,013
BANK OF AMERICA CORP-1,831 SHS	40,344	100,705
BERKSHIRE HATHAWAY INC-142 SHS	59,474	71,376
BLACKROCK INC-37 SHS	31,896	39,603
BLOOM ENERGY CORP COM-248 SHS	4,971	21,549
BOEING CO-155 SHS	26,790	33,654
BOSTON SCIENTIFIC-914 SHS	48,333	87,150
BROADCOM-757 SHS	78,137	261,998
CATERPILLAR INC-70 SHS	37,351	40,101
CHUBB LTD-234 SHS	23,527	73,036
CINTAS CORP-327 SHS	9,543	61,499
CLOUDFLARE INC-CLASS A-156 SHS	11,291	30,755
COREWEAVE INC-249 SHS	22,480	17,831
COSTAR GROUP INC-162 SHS	14,440	10,893
COSTCO WHOLESALE-59 SHS	8,245	50,878
DANAHER CORP-235 SHS	8,365	53,796
EATON CORP PLC-365 SHS	32,060	116,256
ELI LILLY-234 SHS	67,788	251,475
EXXON MOBIL CORP COM-519 SHS	47,793	62,456
FIGMA INC CLASS A-399 SHS	21,376	14,911
GE AEROSPACE COM NEW-187 SHS	33,681	57,602
GOLDMAN SACHS GROUP INC-99 SHS	63,466	87,021
HEICO CORP CL A-425 SHS	39,364	107,283
HERSHEY CO-262 SHS	37,321	47,679
HOME DEPOT-390 SHS	29,739	134,199
HONEYWELL INTERNATIONAL INC-261 SHS	34,445	50,918
HUBSPOT INC- 117 SHS	71,088	46,952
INTERNATIONAL EXCHANGE INC COM-104 SHS	14,346	16,844
INTUIT INC-140 SHS	15,036	92,739
INTUITIVE SURGICAL INC-53 SHS	10,649	30,017
JOHNSON & JOHNSON-417 SHS	70,715	86,298
JP MORGAN CHASE & CO-448 SHS	24,259	144,355
LINDE PLC-223 SHS	46,916	95,085
M&T BANK CORP-264 SHS	45,047	53,191
MARSH & MCLENNAN COMPANIES INC-144 SHS	29,131	26,715
MASTERCARD INCORPORATED-172 SHS	83,282	98,191
MERCADOLIBRE INC-15 SHS	8,627	30,214
MERCK & CO INC COM-343 SHS	41,084	36,104
META PLATFORMS-375 SHS	119,136	247,534
MICROSOFT CORP-1,159 SHS	94,715	560,516
NETFLIX-1,700 SHS	49,425	159,392
NEXTERA ENERGY INC-1,002 SHS	42,617	80,441
NEXTPOWER INC CLASS A COM-320 SHS	13,723	27,875
NOVO NORDISK A/S ADR-135 SHS	14,187	6,869
NVIDIA CORP-4,145 SHS	55,748	773,043
OLD DOMINION FGHT LINE INC-155 SHS	24,079	24,304
PALANTIR TECHNOLOGIES INC-153 SHS	2,147	27,196
PALO ALTO NETWORKS INC-680 SHS	26,053	125,256
PARKER-HANNIFIN CORP-108 SHS	64,022	94,928
PEPSICO INC-365 SHS	63,943	52,385
PROCTER AND GAMBLE CO-352 SHS	55,541	50,445
PROGRESSIVE CORP COM-69 SHS	14,201	15,713
QUANTA SERVICES COM-53 SHS	14,103	22,369
REINSURANCE GROUP OF AMERICA INC-373 SHS	51,464	75,891
RTX CORPORATION COM-272 SHS	31,943	49,885
S&P GLOBAL-120 SHS	50,353	62,711
SALESFORCE COM INC-277 SHS	34,296	73,380
SAMSARA INC COM-347 SHS	12,007	12,304
SERVICENOW INC-600 SHS	55,300	91,914
SHELL PLC ADR-439 SHS	23,194	32,258
SHERWIN-WILLIAMS-99 SHS	34,242	32,079
SHOPIFY-254 SHS	18,279	40,886
SNOWFLAKE-178 SHS	27,509	39,046
SOLSTICE ADVANCED MATLS INC-70 SHS	2,250	3,401
STRYKER-168 SHS	46,139	59,047
SYMBOTIC-216 SHS	8,051	12,852
TAIWAN SEMICONDUCTOR MANUFACTURING-275 SHS	65,470	83,570
TESLA INC-160 SHS	12,073	71,955
THERMO FISHER-82 SHS	4,590	47,515
TJX COMPANIES INC-928 SHS	19,534	142,550
UNION PACIFIC CORP-304 SHS	12,453	70,321
UNITEDHEALH GROUP INC-108 SHS	36,376	35,652
VALERO ENERGY INCA-582 SHS	47,660	94,744
VERTIV HOLDINGS CO COM-209 SHS	26,458	33,860
VISA INC-CLASS A SHARES-443 SHS	19,938	155,365
WORKDAY-329 SHS	75,000	70,663
ZOETIS INC-131 SHS	21,457	16,482
EQUINIX INC-28 SHS	22,613	21,452
PROLOGIS INC-386 SHS	20,733	49,277
VANGUARD INTL EQUITY INDEX FDS-7,600 SHS	458,204	559,056
VANGUARD SMALL CAP-3,832 SHS	580,489	988,464

- TIN:

TY 2025 InvestmentsGovtObligationsSch

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

US Government Securities - End of Year Book Value:

1,236,469

US Government Securities - End of Year Fair Market Value:

1,236,738

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2025 LegalFeesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
SHERMAN ATLAS	7,198	0		7,198

- TIN:

TY 2025 OtherAssetsSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DUE TO/FROM BROKER	6,330	14,535	14,535

- TIN:

TY 2025 OtherExpensesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
JPMORGAN CHASE - BANK CHARGES	215	0		215

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TPI CONSULTING - GRANT CONSULTANT FEE	69,900	0		69,900
FIDELITY INVESTMENT ADVISORY	82,913	82,913		0

- TIN:

TY 2025 TaxesSchedule

Name:

THE ELIZABETH & BARETS O BENJAMIN

CHARITABLE FOUNDATION INC

EIN:

22-3390586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	1,649	1,649		0
FEDERAL INCOME TAX	8,971	0		0