BRUSH FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
BRUSH FAMILY FOUNDATION INC (EIN 26-4687444)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-14
IRS object ID
202303189349102225
Schema version
2022v5.0
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)
Return2023-11-14T12:28:01-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVIDPersonFirstNm
Person LastBRUSHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE GILBERTIPreparerPersonNm
PTINP01085365PTIN
Phone2158518100PhoneNum
Preparation2023-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,022,434FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$260,566ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$122InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$122InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$122InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$78,855DividendsRevAndExpnssAmt
Dividends Net Invst Incm$78,855DividendsNetInvstIncmAmt
Dividends Adj Net Incm$78,855DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$173,539NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$471,101GrossSalesPriceAmt
Total Rev And Expnss$513,082TotalRevAndExpnssAmt
Total Net Invst Incm$78,977TotalNetInvstIncmAmt
Total Adj Net Incm$78,977TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$250OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$250TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$333,749ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$333,749ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$333,999TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$333,749TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$179,083ExcessRevenueOverExpensesAmt
Net Investment Income$78,977NetInvestmentIncomeAmt
Adjusted Net Income$78,977AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$87,291CashBOYAmt
Cash EOY$10,242CashEOYAmt
Cash EOYFMV$10,242CashEOYFMVAmt
Sav And Temp Cash Invst BOY$22,675SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$93,073SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$93,073SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$253,162CorporateStockBOYAmt
Corporate Stock EOY$267,983CorporateStockEOYAmt
Corporate Stock EOYFMV$417,443CorporateStockEOYFMVAmt
Other Investments BOY$804,874OtherInvestmentsBOYAmt
Other Investments EOY$577,059OtherInvestmentsEOYAmt
Other Investments EOYFMV$501,676OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,168,002TotalAssetsBOYAmt
Total Assets EOY$948,357TotalAssetsEOYAmt
Total Assets EOYFMV$1,022,434TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,242,091NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,421,174NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,242,091TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,421,174TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,242,091TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,421,174TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,242,091TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$179,083ExcessRevenueOverExpensesAmt
Subtotal$1,421,174SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,421,174TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,098InvestmentIncomeExciseTaxAmt
Subtotal$1,098SubtotalAmt
Tax Based On Investment Income$1,098TaxBasedOnInvestmentIncomeAmt
Tax Due$1,098TaxDueAmt

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/DIRE1.00$0$0$0
KAREN BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE1.00$0$0$0
KATHERINE BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE1.00$0$0$0
RYAN BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE1.00$0$0$0
AUSTIN BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE1.00$0$0$0
ELENA BRUXH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE1.00$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$442,766AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$66,701AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$501,676FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,011,143TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,011,143AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,167CashDeemedCharitableAmt
Net Vl Noncharitable Assets$995,976NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,799MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,799MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,098TaxBasedOnInvestmentIncomeAmt
Total Tax$1,098TotalTaxAmt
Distributable Before Adj$48,701DistributableBeforeAdjAmt
Distributable Before Ded$48,701DistributableBeforeDedAmt
Distributable As Adjusted$48,701DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$333,749ExpensesAndContributionsAmt
Qualifying Distributions$333,749QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$48,701DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,546ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$10,157ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$3,533ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$31,596ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$48,832TotalExcessDistributionCyovAmt
Qualifying Distributions$333,749QualifyingDistributionsAmt
Applied To Current Year$48,701AppliedToCurrentYearAmt
Remaining Distri From Corpus$285,048RemainingDistriFromCorpusAmt
Total Corpus$333,880TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$3,546ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$330,334ExcessDistriCyovToNextYrAmt
Excess From Year3$10,157ExcessFromYear3Amt
Excess From Year2$3,533ExcessFromYear2Amt
Excess From Year1$31,596ExcessFromYear1Amt
Excess From Current Year$285,048ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ISLAND AUTISM GROUP LLC
PO BOX 2786EDGARTOWNMA02539N/A501(C) 3WORKING WITH AUTISTIC INDIVIDUALS$50,000
UBUNTU PATHWAYS
32 BROADWAY SUITE 414NEW YORKNY10004N/A501(C) 3COMMUNITY TRANSFORMATION$13,000
DOUBLE H RANCH FOUNDATION
97 HIDDEN VALLEY ROADLAKE LUZERNENY12846N/A501(C) (3)PUBLIC CHARITY FOR CHILDREN$10,000
MV YOUTH
PO BOX 65CHILMARKMA02535N/A501(C) (3)EXPANSION GRANTS/SCHOLARHIPS$28,249
UNIVERSITY OF PA
3451 WALNUT STREETPHILADELPHIAPA19104N/A501(C) 3PRIVATE RESEARCH UNIVERSITY$170,000
BOYS AND GIRLS CLUB OF M VINYARD
44 ROBINSON ROADEDGARTOWNMA02539N/A501(C) 3PROGRAMS FOR CHILDREN$62,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$333,749TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$122RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$78,855RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion35ExclusionCd
Exclusion$173,539ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$173,539ExclusionAmt
Related Or Exempt Function Incm$78,977RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$252,516TotalIncomeProducingActyAmt

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$260,566TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1CLEVELAND CLIFFS INC$124,3602022-04-06
1WALMART INC$136,2062022-08-26

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (5 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
SPIDER GOLD SHARES2021-12DONATION2022-01$167,152$133,112$34,040
APPLE INC2021-11DONATION2022-04$43,640$8,008$35,632
PAYPAL INC2021-11DONATION2022-08$19,337$7,483$11,854
WALMART2022-08DONATION2022-09$141,212$73,019$68,193
SPIDER GOLDS SHARES2021-12DONATION2022-12$99,760$75,940$23,820

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
APPLE INC$8,008$32,482
CLEVELAND-CLIFFS INC$46,443$64,440
MCDONALDS$38,505$131,765
EOG RESOURCES$79,445$103,616
FIRST TRUST ENERGY INC AND GROWTH FD$95,582$85,140
PAYPAL HOLDINGS INC

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MEDICAL PROPERTIES TRUSTFMV$38,025$33,420
MERLIN PROPERTIES SOCIMI SAFMV$539,034$468,256
SPDR GOLD SHARES

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
NY DEPT. OF LAW-REGISTRATION$250

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