Form 990-PF W
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EXTENDED TO NOVEMBER 16, 2015 Return of Private Foundation )MB No 1545-005 Form 990-PF 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. Department of the Treasury ► 2014 Information about Form 990-PF and its separate instructions is at www.bs.coy/form For calendar year 2014 or tax year beainnina . and endina Name of foundation A Employer identification number BERMAN CHARITABLE TRUST 94-2940733 Number and street (or P 0 box number if mail is not delivered to street address) RoomJsuite B Telephone number 5410 EDSON LANE 220 301-816-1555 City or town, state or province, country, and ZIP or foreign postal code C It exemption application is pending, check here ROCKVILLE , MD 20852 G Check all that apply: Initial return 0 Initial return of a former public charity D 1. Foreign organizations, check here Final return Amended return 2. Foreign organizations 85% test, Address chan e Name chan e ch her and ttach computathetionon H Check type of organization: ® Section 501(c)(3) exempt private foundation E If private foundation status was terminated 0 Section 4947 (a )( 1 ) nonexem pt charitable trust = Other taxable private foundation under section 507(b)(1)(A), check here ► Fair market value of all assets at end of year J Accounting method: ® Cash Accrual F If the foundation is in a 60-month termination (from Part /l, col (c), line 16) 0 Other (specify) under section 507(b)(1)(B), check here $ 9 9 2 6 4 4 4 . (Part 1, column (d) must be on cash basis) Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements (The total of amounts in columns (b) (c), and (d) may not for charitable purposes necessarily equal the amounts in column (a)) expenses per books income income (cash basis only) Ce'^ 1 Contributions, gifts, grants, etc., received 657 , 929 . N / A 2 check it the foundation is not required to attach Sch B N 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 291 , 213. 277 , 842. S TATEMENT 1 5a Gross rents b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 3 , 809. 7 Gross sales price for all w b assets on line ea 103,809. 7 Capital gain et mcome(irom PartLly, bme 2)- j-q 3 , 809. Z 14. 8 Net short-term ca ati l G aln% _- v U^^ 9 Income m dificatlons rn C6 Gross sales ess return1j01 I o' (] 10a and allowan es t I iVl b Less Cost t°cjorops sold 1 r c Gross pro ^tr or 1(loss Pa ate, ! P, 1-7 11 Other income,.. _^ ; - ^_'a "+ -508 , 471. -508 , 471. S TATEMENT 2 12 Total. Add lines 1 throuthr g h 444 480. -226 , 820. 13 Compensation of officers, directors, trustees, etc - 0. 0. 0. 14 Other employee salaries and wages 15 Pension plans, employee benefits 16a Legal fees STMT 3 7 , 318. 7 , 318. 0. b Accounting fees STMT 4 CL 12 , 320. 12 , 320. 0. w c Other professional fees > 17 Interest 18 Taxes STMT 5 5 , 000. 0. 0. 19 Depreciation and depletion E 20 Occupancy < 21 Travel, conferences, and meetings C 22 Printing and publications 0 23 Other expenses STMT 6 8 , 976. 7 , 303. 1 4 7 3. 24 Total operating and administrative C, expenses . Add lines 13 through 23 33 , 614. 26 , 941. 1 4 7 3. 0 25 Contributions, gifts, grants paid 1 , 913 , 313. 1 913 313 . 26 Total expenses and disbursements. Add lines 24 and 25 1 , 946 , 927. 26 , 941. 1 , 914 , 786. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements -1 , 502 , 447. b Net investment income (if negative, enter -0-) 0 c Adjusted net income (if negative, enter -0-) N / A -oul 11-24.14 LHA For Paperwork Reduction Act Notice, see instructions . Form 990-PF (2014) 1 (2 13421105 742308 53 2014.04030 BERMAN CHARITABLE TRUST 53 1 Form 990-PF (2014) RR.RMAN CHAR TTART.F TRTTGT QA-2QAn7-1 asna9 ^chedschedulesandamountsinthedescnphon Beginning of year End of year Part II Balance Sheets A column should be for end -o f-year amounts only (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-Interest-bearing 809 , 258. 246 , 743. 246 , 743. 2 Savings and temporary cash investments 1 , 511 , 816. 1 , 575 , 484. 1 , 575 , 484. 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 Other 7 notes and loans receivable ► Less: allowance for doubtful accounts ► 8 Inventories for sale or use 9 Prepaid expenses and deferred charges a 10a Investments - U.S. and state government obligations STMT 8 906 , 063. 807 , 140. 919 131. b Investments - corporate stock STMT 9 1 , 899 , 442. 1 , 897 , 852. 2 , 983 , 450. c Investments - corporate bonds 11 Investments - land,buddings , and equipment basis ► Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other STMT 10 5 , 363 , 600. 4 , 243 , 992. 4 , 201 , 636. 14 Land, buildings, and equipment: basis ► Less accumulated depreciation ► 15 Other assets (describe ► 16 Total assets (to be completed by all filers - see the instructions. Also see a e 1 Item I 10 , 490 , 179. 8 , 771 , 211. 9 , 926 , 444. 17 Accounts payable and accrued expenses 5 , 342. 8 , 665. 18 Grants payable co 19 Deferred revenue •'= 20 Loans from officers , directors, trustees, and other disqualified persons 20 21 Mortgages and other notes payable J 22 Other liabilities (describe ► STATEMENT 11 ) 0. 633 , 318. 23 Total liabilities add lines 17 throw h 22 ) 5 , 342. 641 , 983. Foundations that follow SFAS 117, check here ► 0 and complete lines 24 through 26 and lines 30 and 31. 01 24 Unrestricted 0 25 Temporarily restricted co 26 Permanently restricted r_ Foundations that do not follow SFAS 117, check here Do, 'L and complete lines 27 through 31. y 27 Capital stock, trust principal, or current funds 0. 0. y 28 Paid -in or capital surplus, or land, bldg., and equipment fund 0. 0. a 29 Retained earnings, accumulated income, endowment, or other funds 10 , 484 , 837. 8, 129, 228. Z 30 Total net assets or fund balances 10 , 484 , 837. 8 129 , 228. 31 Total liabilities and net assets/fund balances 10 , 490 17 9 . 8 , 771 , 211. Part III Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 484.837. 2 Enter amount from Part 1, line 27a 3 Other increases not included in line 2 (itemize) ► 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) ► SEE STATEMENT 7 30 Form 990-PF (2014) 423511 11-24-14 2 X13421105 742308 53 2014.04030 BERMAN CHARITABLE TRUST 53 1 Form 990-PF (2014) BERMAN CHARITABLE TRUST 94-2940733 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, (b How acquired (c Date acquired (d) Date sold Purchase (mo., yr.) 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D Donation day, (mo., day, yr.) la RANCHO RDV AGY BE P 08 / 25 / 11 08 / 14 / 14 b W CAPITAL & BANYAN MGMT SERV P VARIOUS 06 / 06 / 14 c W CAPITAL & BANYAN MGMT SERV P VARIOUS 06 / 06 14 d PRUDENT CAPITAL II LP P VARIOUS 12 1 / 14 e CAPITAL GAINS DIVIDENDS (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a 100 000. 100 000. 0. b 76. 76. c 75. 75. d 230. 230. e 3 , 428. 1 3 , 428. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus (j) Adjusted basis (k) Excess of col. (i) col. (k), but not less than -0-) or of 12/31/69 Losses (from col. (h)) (i) F.M.V. as as of 12/31/69 over col. (j), if any a 0. b 76. c 75. d 230. e 3 , 428. If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If (loss), enter -0- in Part I, line 7 2 3 , 809. 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). If loss enter -0- in Part I line 8 3 N / A Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) If section 4940(d)(2) applies, leave this part blank. Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? 0 Yes ® No If 'Yes," the foundation does not quality under section 4940(e). Do not complete this part 1 Enter the appropriate amount in each column for each year; see the instructions before making any entries.