BRUSH FAMILY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BRUSH FAMILY FOUNDATION INC (EIN 26-4687444)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-11
IRS object ID
202403169349102255
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-11T14:26:40-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN250749630PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1REED SMITH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11717 ARCH ST STE 3100AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191032762ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264687444EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BRUSH FAMILY FOUNDATION INCBusinessNameLine1Txt
Business Name Line2C/O LF GILBERTIREED SMITH LLPBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBRUSBusinessNameControlTxt
Phone2158518155PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1599 LEXINGTON AVE 22ND FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID M BRUSHPersonNm
Person TitleTRUSTEE/DIRECTORPersonTitleTxt
Phone2158518155PhoneNum
Signature2024-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE GILBERTIPreparerPersonNm
PTINP01085365PTIN
Phone2158518100PhoneNum
Preparation2024-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,051,879FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$132,480ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$64InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$64InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$64InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$34,311DividendsRevAndExpnssAmt
Dividends Net Invst Incm$34,311DividendsNetInvstIncmAmt
Dividends Adj Net Incm$34,311DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$131,415NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$315,200GrossSalesPriceAmt
Total Rev And Expnss$298,270TotalRevAndExpnssAmt
Total Net Invst Incm$34,375TotalNetInvstIncmAmt
Total Adj Net Incm$34,375TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$393OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$393OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$393TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$393TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$206,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$206,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$206,543TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$206,543TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$91,727ExcessRevenueOverExpensesAmt
Net Investment Income$34,375NetInvestmentIncomeAmt
Adjusted Net Income$34,375AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,242CashBOYAmt
Cash EOY$76,851CashEOYAmt
Cash EOYFMV$76,851CashEOYFMVAmt
Sav And Temp Cash Invst BOY$93,073SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$16,606SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$16,606SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$267,983CorporateStockBOYAmt
Corporate Stock EOY$264,854CorporateStockEOYAmt
Corporate Stock EOYFMV$370,868CorporateStockEOYFMVAmt
Other Investments BOY$577,059OtherInvestmentsBOYAmt
Other Investments EOY$620,010OtherInvestmentsEOYAmt
Other Investments EOYFMV$587,554OtherInvestmentsEOYFMVAmt
Total Assets BOY$948,357TotalAssetsBOYAmt
Total Assets EOY$978,321TotalAssetsEOYAmt
Total Assets EOYFMV$1,051,879TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$948,037NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$978,321NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$948,037TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$978,321TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$948,037TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$978,321TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$948,037TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$91,727ExcessRevenueOverExpensesAmt
Subtotal$1,039,764SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,039,764TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$478InvestmentIncomeExciseTaxAmt
Subtotal$478SubtotalAmt
Tax Based On Investment Income$478TaxBasedOnInvestmentIncomeAmt
Tax Due$478TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1LAWRENCE F GILBERTI ESQBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2158518155PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1599 LEXINGTON AVENUE 22 ND FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAVID M BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
KAREN BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
KATHERINE BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
RYAN BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
AUSTIN BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
ELENA BRUXH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,020,606AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$34,021AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,054,627TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,054,627AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,819CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,038,808NetVlNoncharitableAssetsAmt
Minimum Investment Return$51,940MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$51,940MinimumInvestmentReturnAmt
Tax Based On Investment Income$478TaxBasedOnInvestmentIncomeAmt
Total Tax$478TotalTaxAmt
Distributable Before Adj$51,462DistributableBeforeAdjAmt
Distributable Before Ded$51,462DistributableBeforeDedAmt
Distributable As Adjusted$51,462DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$206,543ExpensesAndContributionsAmt
Qualifying Distributions$206,543QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$51,462DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$10,157ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$3,533ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$31,596ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$285,048ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$330,334TotalExcessDistributionCyovAmt
Qualifying Distributions$206,543QualifyingDistributionsAmt
Applied To Current Year$51,462AppliedToCurrentYearAmt
Remaining Distri From Corpus$155,081RemainingDistriFromCorpusAmt
Total Corpus$485,415TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$485,415ExcessDistriCyovToNextYrAmt
Excess From Year4$10,157ExcessFromYear4Amt
Excess From Year3$3,533ExcessFromYear3Amt
Excess From Year2$31,596ExcessFromYear2Amt
Excess From Year1$285,048ExcessFromYear1Amt
Excess From Current Year$155,081ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UBUNTU PATHWAYS
32 BROADWAY SUITE 414NEW YORKNY10004N/A501(C) 3COMMUNITY TRANSFORMATION$13,000
MV YOUTH
PO BOX 65CHILMARKMA02535N/A501(C) (3)EXPANSION GRANTS/SCHOLARHIPS$28,150
UNIVERSITY OF PA-RESEARCH SPONSOR
3451 WALNUT STREETPHILADELPHIAPA19104N/A501(C) 3PRIVATE RESEARCH UNIVERSITY$15,000
HARLEM LACROSSE
8 W 126TH STREET 3RD FLNEW YORKNY10027N/A501(C)3SPECIAL EDUCATION PROGRAMS$15,000
GUGGENHEIM FOUNDATION
1071 FIFTH AVENUENEW YORKNY101280173N/A501(C)3COLLECTION/PRESERVATION OF MODERN AR$20,000
UNIVERSITY OF PA- SOCCER ANNUAL FD
3451 WALNUT STREETPHILADELPHIAPA19104N/A51(C)3PENN ATHLETICS$50,000
ISLAND GROWN INITIATIVE
4 COURNOYER ROADWEST TISBURYMA02575N/A501(C)3FOOD EQUITY, FOOD PANTRY$65,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$206,150TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$64RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$34,311RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$131,415RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$165,790RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$165,790TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonDAVID BRUSHContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line140 GREEN HOLLOW ROADAddressLine1Txt
CityEDGARTOWNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02539ZIPCd
FieldValueIRS element (for citing)
Total Contributions$132,480TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property1800 SHS PAYPAL HOLDINGS INCNoncashPropertyDesc
Fair Market Value$132,480FairMarketValueAmt
Received2023-02-28ReceivedDt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (4 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
PAYPAL HOLDINGS INC 1800 SHS2023-08DONATION2024-08$109,799$61,713$48,086
FIRST TR ENER INC/GROWTH FD .6000 SH2023-11PURCHASE2024-11$87,197$95,582-$8,385
APPLE INC 250 SHS2023-12PURCHASE2024-12$48,655$8,008$40,647
MCDONALDS CORP 240 SHS2023-12PURCHASE2024-12$69,549$18,482$51,067

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
APPLE INC
CLEVELAND-CLIFFS INC$46,443$81,680
MCDONALDS$22,023$77,093
EOG RESOURCES$116,738$133,045
FIRST TRUST ENERGY INC AND GROWTH FD
ENTERPRISE PRODUCTS PARTNERS$79,650$79,050

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MEDICAL PROPERTIES TRUSTFMV$80,976$31,915
MERLIN PROPERTIES SOCIMI SAFMV$539,034$555,639

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
NY CHARITIES BUREAU REGISTRAT$250$250
BANK FEES$143$143

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