THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC (EIN 20-0856943)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-04-04
IRS object ID: 202440959349100034
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Depreciation Schedule
Investments Corp Stock Schedule
Liquidation Explanation Stmt
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-04-04T15:27:20-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3333 New Hyde Park Rd Ste 406	AddressLine1Txt
City	New Hyde Park	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11042	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	200856943	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Doug and Betsey Schwab and Family	BusinessNameLine1Txt
Business Name Line2	Foundation Inc	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
In Care Of	% Foundation Source	InCareOfNm
Business Name Control	DOUG	BusinessNameControlTxt
Phone	8008391754	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ELIZABETH HURWITZ-SCHWAB	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	8008391754	PhoneNum
Signature	2024-03-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ELIZABETH	PersonFirstNm
Person Last	HURWITZ-SCHWAB	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jeffrey D Haskell	PreparerPersonNm
PTIN	P01345770	PTIN
Phone	8008391754	PhoneNum

Additional Filer Information AdditionalFilerInformation

Field	Value	IRS element (for citing)
Trusted Customer		TrustedCustomerGrp

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$365,667	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$0	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$82	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$82	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$15,510	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$15,510	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$4,827	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$285,721	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$876	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$11,641	TotalRevAndExpnssAmt
Total Net Invst Incm	$15,592	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$5,159	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$5,159	OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss	$5,775	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$5,775	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$10,934	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$5,159	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$5,775	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$279,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$279,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$289,934	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$5,159	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$284,775	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$278,293	ExcessRevenueOverExpensesAmt
Net Investment Income	$10,433	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$5,853	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$4,937	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$4,937	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$662,373	CorporateStockBOYAmt
Corporate Stock EOY	$384,996	CorporateStockEOYAmt
Corporate Stock EOYFMV	$360,730	CorporateStockEOYFMVAmt
Total Assets BOY	$668,226	TotalAssetsBOYAmt
Total Assets EOY	$389,933	TotalAssetsEOYAmt
Total Assets EOYFMV	$365,667	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$668,226	RetainedEarningBOYAmt
Retained Earning EOY	$389,933	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$668,226	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$389,933	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$668,226	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$389,933	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$668,226	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$278,293	ExcessRevenueOverExpensesAmt
Subtotal	$389,933	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$389,933	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	Publicly-traded Securities	PropertyDesc
Gross Sales Price	$285,721	GrossSalesPriceAmt
Cost Or Other Basis	$290,548	CostOrOtherBasisAmt
Gain Or Loss	-$4,827	GainOrLossAmt
Gains Minus Excess Or Losses	-$4,827	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$4,827	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$145	InvestmentIncomeExciseTaxAmt
Subtotal	$145	SubtotalAmt
Tax Based On Investment Income	$145	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$1,100	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits	$1,100	TotalPaymentsAndCreditsAmt
Overpayment	$955	OverpaymentAmt
Applied To ES Tax	$200	AppliedToESTaxAmt
Refund	$755	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	Yes (true)	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	DE	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8008391754	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
Elizabeth J Hurwitz-Schwab
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Pres, Dir, Sec	1.0	$0	$0	$0
Abraham Schwab
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	VP	1.0	$0	$0	$0
Douglas Schwab
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir, VP	1.0	$0	$0	$0
Eli Schwab
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	VP	1.0	$0	$0	$0

Field	Value	IRS element (for citing)
Summary Of Direct Chrtbl Acty		SummaryOfDirectChrtblActyGrp
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$494,873	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$11,734	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$506,607	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$506,607	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$7,599	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$499,008	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$24,950	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$24,950	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$145	TaxBasedOnInvestmentIncomeAmt
Total Tax	$145	TotalTaxAmt
Distributable Before Adj	$24,805	DistributableBeforeAdjAmt
Distributable Before Ded	$24,805	DistributableBeforeDedAmt
Distributable As Adjusted	$24,805	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$284,775	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$284,775	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$24,805	DistributableAsAdjustedAmt
Prior Year1	2021	PriorYear1Yr
Prior Year2	2020	PriorYear2Yr
Prior Year3	2019	PriorYear3Yr
Excess Distribution Cyov Yr5	$67,039	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$112,121	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$95,079	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$47,886	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$174,882	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$497,007	TotalExcessDistributionCyovAmt
Qualifying Distributions	$284,775	QualifyingDistributionsAmt
Applied To Current Year	$24,805	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$259,970	RemainingDistriFromCorpusAmt
Total Corpus	$756,977	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$67,039	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$689,938	ExcessDistriCyovToNextYrAmt
Excess From Year4	$112,121	ExcessFromYear4Amt
Excess From Year3	$95,079	ExcessFromYear3Amt
Excess From Year2	$47,886	ExcessFromYear2Amt
Excess From Year1	$174,882	ExcessFromYear1Amt
Excess From Current Year	$259,970	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	Douglas Schwab	ContributingManagerNm
Contributing Manager	Elizabeth J Hurwitz-Schwab	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (33 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
A JEWISH VOICE FOR PEACE INC
PO BOX 589	BERKELEY	CA	94701	N/A	PC	General & Unrestricted	$3,500
ALLEGANY ARTS COUNCIL INC
9 NORTH CENTRE ST	CUMBERLAND	MD	21502	N/A	PC	Charitable Event	$1,000
ALLEGANY ARTS COUNCIL INC
9 NORTH CENTRE ST	CUMBERLAND	MD	21502	N/A	PC	Charitable Event	$1,000
ALLEGANY COMMUNITY COLLEGE FOUNDATION INC
12401 WILLOWBROOK RD SE	CUMBERLAND	MD	21502	N/A	PC	Girls Who Code Summer 2023	$1,000
ALLEGANY COUNTY HUMAN RESOURCES DEVELOPMENT COMMIS
125 VIRGINIA AVE	CUMBERLAND	MD	21502	N/A	PC	Community Cafe Setting the Table Fund	$15,000
ANCONA SCHOOL SOCIETY
4770 S DORCHESTER AVE	CHICAGO	IL	60615	N/A	PC	General & Unrestricted	$15,000
BOY SCOUTS OF AMERICA
FLAG PLAZA 1275 BEDFORD AVE	PITTSBURGH	PA	15219	N/A	PC	2023 Friends of Scouting	$10,000
CHICAGO ABORTION FUND
333 W N AVE STE 267	CHICAGO	IL	60610	N/A	PC	General & Unrestricted	$5,000
CHICAGO TORTURE JUSTICE CENTER
6337 S WOODLAWN AVE	CHICAGO	IL	60637	N/A	PC	General & Unrestricted	$5,000
COMIC BOOK LEGAL DEFENSE FUND INC
15110 BOONES FERRY RD 220	LAKE OSWEGO	OR	97035	N/A	PC	General & Unrestricted	$500
COUNTY UNITED WAY INC
113 S CENTRE ST STE A	CUMBERLAND	MD	21502	N/A	PC	General & Unrestricted	$10,000
CUMBERLAND SUMMER THEATER
101 N JOHNSON ST	CUMBERLAND	MD	21502	N/A	PC	General & Unrestricted	$2,500
ECOSYSTEMS OF CARE
6400 S KIMBARK AVE	CHICAGO	IL	60637	N/A	PC	General & Unrestricted	$10,000
EVERGREEN HERITAGE CENTER FOUNDATION INC
101 BRADDOCK HTS	FROSTBURG	MD	21532	N/A	PC	Elementary Edibles	$5,000
FAMILY CRISIS RESOURCE CENTER INC
146 BEDFORD ST	CUMBERLAND	MD	21502	N/A	PC	General & Unrestricted	$10,000
FROSTBURG STATE UNIVERSITY FOUNDATION
101 BRADDOCK RD	FROSTBURG	MD	21532	N/A	PC	Charitable Event	$2,500
FROSTBURG STATE UNIVERSITY FOUNDATION
101 BRADDOCK RD	FROSTBURG	MD	21532	N/A	PC	Charitable Event	$5,000
GREATER CHICAGO FOOD DEPOSITORY
4100 W ANN LURIE PL	CHICAGO	IL	60632	N/A	PC	General & Unrestricted	$5,000
GUAM HUMANITIES COUNCIL INC
111 W CHALAN SANTO PAPA STE 711	HAGATNA	GU	96910	N/A	PC	General & Unrestricted	$1,000
HYDE PARK NEIGHBORHOOD CLUB
5480 S KENWOOD AVE	CHICAGO	IL	60615	N/A	PC	General & Unrestricted	$6,000
INVISIBLE INSTITUTE
6100 S BLACKSTONE AVE	CHICAGO	IL	60637	N/A	PC	General & Unrestricted	$10,000
JANES PLACE INC
26 GREENE ST	CUMBERLAND	MD	21502	N/A	PC	General & Unrestricted	$10,000
JEWISH MUSEUM
1109 5TH AVE	NEW YORK	NY	10128	N/A	PC	Judaica Acquisitions Committee	$7,500
MOCKINGBIRD FOUNDATION INC
12407 WILLOW GROVE COURT	MOORPARK	CA	93021	N/A	PC	General & Unrestricted	$1,000
SAVAGE MOUNTAIN PUNK ARTS
209 W MECHANIC ST	FROSTBURG	MD	21532	N/A	PC	General & Unrestricted	$2,000
SOCIETY OF BLACK ARCHAEOLOGISTS
2231 14TH ST NE	WASHINGTON	DC	20018	N/A	PC	General & Unrestricted	$500
THE COMMUNITY TRUST FOUNDATION INC
112 BALTIMORE ST STE 201	CUMBERLAND	MD	21502	N/A	PC	Peter and Iris Halmos Fund to send Allegany County School Children to the Holocaust Museum	$2,000
THOMAS JEFFERSON UNIVERSITY
125 S 9TH ST SUITE 600	PHILADELPHIA	PA	19107	N/A	PC	Doug and Betsey Schwab Textiles' New Generation Fund	$10,000
UNION FOR REFORM JUDAISM
633 THIRD AVE 7TH FLOOR	NEW YORK	NY	10017	N/A	PC	Religious Action Center	$1,000
WAMBA CHARITIES INC
PO BOX 432	CUMBERLAND	MD	21501	N/A	PC	General & Unrestricted	$10,000
WESTERN MARYLAND FOOD BANK INC
816 FREDERICK ST	CUMBERLAND	MD	21501	N/A	PC	General & Unrestricted	$1,000
WOMENS HEALTH CENTER OF WEST VIRGINIA INC
PO BOX 20580	CHARLESTON	WV	25362	N/A	PC	WHC MD	$100,000
WOMENS HEALTH CENTER OF WEST VIRGINIA INC
PO BOX 20580	CHARLESTON	WV	25362	N/A	PC	Women's Health Center of Maryland	$10,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$279,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$82	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$15,510	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Income		OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$4,827	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Federal Tax Refund	Desc
Exclusion	01	ExclusionCd
Exclusion	$876	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$11,641	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$11,641	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
MORGAN STANLEY INST GLOBAL OPP	$131,263	$107,650
MORGAN STANLEY INSTITUTIONAL F	$93,594	$98,626
MS INSTITUTIONAL FUND TRUST U	$2,489	$2,588
PIMCO INCOME FUND P CLASS	$114,927	$105,002
SPDR S&P DIVIDEND ETF	$42,723	$46,864

Liquidation Explanation Stmt LiquidationExplanationStmt

Field	Value	IRS element (for citing)
Explanation	As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $279,000. This amount represents 25% or more of the Foundation's net assets of $573,224 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.	ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees	$5,750	$5,750
State or Local Filing Fees	$25	$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Federal Tax Refund	Desc
Revenue And Expenses Per Books	$876	RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	Investment Management Services	CategoryTxt
Amt	$5,159	Amt
Net Investment Income	$5,159	NetInvestmentIncomeAmt

THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC: Form 990PF, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Additional Filer Information AdditionalFilerInformation

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (33 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

Liquidation Explanation Stmt LiquidationExplanationStmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

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