Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
Frank McHugh-O'Donovan Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd   Room/suite
City or town, state, and ZIP code
Wilmington, DE198091377
A Employer identification number

20-0842449
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$53,614,553J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I 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 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,185,449
2 Check bullet
3 Interest on savings and temporary cash investments 12,681 12,681  
4 Dividends and interest from securities...... 424,702 424,702  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -140,143
b Gross sales price for all assets on line 6a 6,608,771
7 Capital gain net income (from Part IV, line 2)... 0
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)....... Click to see attachment 1,893,964 1,893,964  
12 Total. Add lines 1 through 11........ 5,376,653 2,331,347  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 29,000     29,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 12,851 12,851    
b Accounting fees (attach schedule)....... Click to see attachment 133,944     133,944
c Other professional fees (attach schedule).... Click to see attachment 160,980 160,980    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 45,704 1,362    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 128,367 58   128,309
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 510,846 175,251   291,253
25 Contributions, gifts, grants paid........ 1,724,456 1,724,456
26 Total expenses and disbursements. Add lines 24 and 25 2,235,302 175,251   2,015,709
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,141,351
b Net investment income (if negative, enter -0-) 2,156,096
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 668,749 894,524 894,524
3 Accounts receivable bullet2,462
Less: allowance for doubtful accounts bullet     2,462 2,462
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 9,248,550 Click to see attachment12,268,044 13,591,024
c Investments—corporate bonds (attach schedule)........ 3,014,096 Click to see attachment3,478,923 3,530,412
11 Investments—land, buildings, and equipment: basis bullet161,493
Less: accumulated depreciation (attach schedule) bullet     Click to see attachment161,493 155,000
12 Investments—mortgage loans.............. 37,084,057 36,011,479 35,441,131
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 50,015,452 52,816,925 53,614,553
Liabilities 17 Accounts payable and accrued expenses..........   122
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 bullet)    
23 Total liabilities (add lines 17 through 22)..........   122
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 50,015,452 52,816,803
30 Total net assets or fund balances (see page 17 of the
instructions).................... 50,015,452 52,816,803
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 50,015,452 52,816,925
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)............... 1 50,015,452
2 Enter amount from Part I, line 27a..................... 2 3,141,351
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 53,156,803
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 340,000
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 52,816,803
Form 990-PF (2012)
Form 990-PF (2012)
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 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b MORTGAGE REC - 10500 S VERMONT D 2009-01-22 2012-11-30
c MORTGAGE REC - 1532-1538 CAMBRIA, LA, CA D 2008-10-08 2012-04-20
d MORTGAGE REC - 210 W 43RD PLACE, LA, CA D 2008-10-08 2012-06-08
e MORTGAGE REC - 221 W VERNON AVE D 2009-11-02 2012-02-17
MORTGAGE REC - 3232 S CENTRAL AVENUE D 2009-07-01 2012-11-06
MORTGAGE REC - 334-338 SOUTH WITMER STREET D 2009-06-03 2012-11-19
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,038,637   3,026,400 12,237
b 1,150,000   1,150,000  
c 609,634   609,634  
d     152,380 -152,380
e 850,000   850,000  
450,500   450,500  
510,000   510,000  
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       12,237
b        
c        
d       -152,380
e        
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -140,143
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 . . . . . . . . . . . . . . . . 		Bracket 3  
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?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 2,441,911 47,339,351 000.051583
2010 2,209,394 43,822,683 000.050417
2009 1,825,141 36,579,492 000.049895
2008 699,288 13,037,236 000.053638
2007 566,256 9,184,632 000.061653
2 Total of line 1, column (d) ...................... 2 000.267186
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 000.053437
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 51,710,649
5 Multiply line 4 by line 3....................... 5 2,763,262
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 21,561
7 Add lines 5 and 6......................... 7 2,784,823
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,015,709
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 43,122
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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  
3 Add lines 1 and 2............................ 3 43,122
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 43,122
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 42,260
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 2,305
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 44565 7 44,565
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 76
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,367
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet1,367 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
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?................
    6
    Yes
     
    7
    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 XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    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 .
    8b
    Yes
     
    9
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    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) .............
    11
     
    No
    12
    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).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletco Foundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-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
    No
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?.................
    (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.).........
    b
    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 page 20 of the instructions)?...
    1b
    Yes
     
    .........bullet
    c
    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 2012?.............
    1c
    Yes
     
    2
    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)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    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.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 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 Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    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)? ......
    5b
     
     
    .........bullet
    c
    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).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    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
    Katherine Cadiente Dir
    003.00     		13,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Frank McHugh CEO / Dir
    010.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Theresa M McHugh Dir / CFO / Sec
    005.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Richard Riordan VP / Dir
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Loree A Vincent Dir
    003.00     		13,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Oscar Zaldana Dir
    001.00     		3,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Arthur Hilton Antolick Accounting 109,390
    3308 Stoner Ave
    Los Angeles,CA90066
    Wells Fargo Investment Management 99,263
    433 N Camden Drive
    Beverly Hills,CA90210
    Foundation Source Administrative 103,151
    55 Walls Drive
    Fairfield,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-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  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-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 page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    15,388,438
    b
    Average of monthly cash balances.......................
    1b
    756,318
    c
    Fair market value of all other assets (see instructions)................
    1c
    36,353,365
    d
    Total (add lines 1a, b, and c).........................
    1d
    52,498,121
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    52,498,121
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    787,472
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    51,710,649
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,585,532
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,585,532
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    43,122
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    43,122
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,542,410
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,542,410
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    2,542,410
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment..........
    1a
    2,015,709
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,015,709
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,015,709
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 2,542,410
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 114,430
    b From 2008....... 58,394
    c From 2009....... 29,908
    d From 2010....... 55,593
    e From 2011....... 118,979
    fTotal of lines 3a through e......... 377,304
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 2,015,709
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 2,015,709
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012. 377,304 377,304
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		149,397
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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, b, or c 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 X, 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 XV
    Supplementary Information (Complete this part only if the organization 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).)
    NONE
    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 bullet
    aThe name, address, and telephone number 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 (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    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)
    aPaid during the year
    ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOL
    601 S FIGUEROA ST 4TH FL
    LOS ANGELES,CA90017     		N/A 509a1 Intercom Painting of Christine ODonovan Middle Academy 50,456
    BOMBER HOCKEY GROUP INC
    17602 17TH ST STE 102-241
    TUSTIN,CA92780     		N/A 509a2 General Unrestricted 25,000
    CATHOLIC EDUCATION FOUNDATION
    3424 WILSHIRE BLVD 3RD FL
    LOS ANGELES,CA90010     		N/A 509a1 Tuition Asst. Program for Students of the Archdiocese of LA 1,000,000
    CHILDRENS LIFE-SAVING FOUNDATION
    1112 MONTANA AVE STE 534
    SANTA MONICA,CA90403     		N/A 509a2 McHugh-ODonovan Shining Stars Scholarship Fund 200,000
    COMMUNITY ADVOCATES INC
    865 S FIGUEROA ST STE 3339
    LOS ANGELES,CA90017     		N/A 509a1 General Unrestricted 15,000
    FRIENDS OF EXPO CENTER
    3980 BILL ROBERTSON LN STE 203
    LOS ANGELES,CA90037     		N/A 509a1 General Unrestricted 25,000
    INNER CITY EDUCATION FOUNDATION
    5120 W GOLDLEAF CIR STE 350
    LOS ANGELES,CA90056     		N/A 509a1 Performing Arts, Football, Athletics and Technology Programs 200,000
    LOS ANGELES BOYS & GIRLS CLUB
    2635 PASADENA AVE
    LOS ANGELES,CA90031     		N/A 509a1 General Unrestricted 25,000
    LOYOLA HIGH SCHOOL OF LOS ANGELES
    1901 VENICE BLVD
    LOS ANGELES,CA90006     		N/A 509a1 Loyola HS McHugh-ODonovan Scholarship Fund 50,000
    PALISADES JEWISH EARLY CHLDHD CTR CHABAD
    15207 W SUNSET BLVD STE A
    PACIFIC PLSDS,CA90272     		N/A 509a1 General Unrestricted 10,000
    RX FOR READING
    PO BOX 491190
    LOS ANGELES,CA90049     		N/A 509a1 Instructional Innovation Grant to Support LA County Schools 14,000
    TOBERMAN NEIGHBORHOOD CENTER INC
    630 W 1ST ST
    SAN PEDRO,CA90731     		N/A 509a1 General Unrestricted 25,000
    TORAT HAYIM
    1210 S LA CIENEGA BLVD
    LOS ANGELES,CA90035     		N/A 509a1 General Unrestricted 10,000
    VALLEY VILLAGE FOUNDATION
    20830 SHERMAN WAY
    WINNETKA,CA91306     		N/A 509a1 General Unrestricted 25,000
    VISION TO LEARN
    11611 SAN VICENTE BLVD STE 500
    LOS ANGELES,CA90049     		N/A 509a1 General Unrestricted 50,000
    Total .................................bullet 3a 1,724,456
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 12,681  
    4 Dividends and interest from securities....     14 424,702  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 -140,143  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aInterest Inc from Mortgage Loans     14 1,893,964  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,191,204  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,191,204
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-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 (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    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 or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID: 12000057
    Software Version: 12.19.1011.1
    Part VI Line 7 - Tax Paid Original Return: 44565


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2012
    Name of the organization
    Frank McHugh-O'Donovan Foundation Inc
     
    Employer identification number

    20-0842449
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    Name of organization
    Frank McHugh-O'Donovan Foundation Inc
          		Employer identification number

    20-0842449
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Christine O'Donovan Trust A dated 81986
     

         
    11040 Santa Monica Blvd Suite 460
       
    Los Angeles, CA   90025

    		$3,185,449


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    Name of organization
    Frank McHugh-O'Donovan Foundation Inc
          		Employer identification number

    20-0842449
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 1410 ROLLAND CURTIS PLACE   $230,000 2012-09-25
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 2613 W SLAUSON AVENUE   $600,000 2012-09-25
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 1508 S MAGNOLIA AVENUE   $327,250 2012-09-17
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 945-947 E JEFFERSON BLVD   $540,888 2012-07-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - CHANG K HAN   $276,250 2012-02-21
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 1107 EAST 114th STREET   $160,140 2012-02-09
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Name of organization
    Frank McHugh-O'Donovan Foundation Inc
          		Employer identification number

    20-0842449
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 2136 EAST 113th STREET   $180,158 2012-02-09
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 2408 EAST 114th STREET   $180,158 2012-02-09
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 3425 MAPLE AVENUE   $210,184 2012-02-09
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 10419 S SAN PEDRO STREET   $180,158 2012-02-09
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 11204 TOWNE AVENUE   $150,132 2012-02-09
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 11422 TOWNE AVENUE   $150,132 2012-02-09
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    Frank McHugh-O'Donovan Foundation Inc
          		Employer identification number

    20-0842449
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Additional Data


    Software ID: 12000057
    Software Version: 12.19.1011.1

    TY 2012 AccountingFeesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit Support 28,250     28,250
    General Accounting and Bookkeeping 105,694     105,694

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly-traded Securities         3,038,637 3,026,400     12,237  
    MORTGAGE REC - 10500 S VERMONT - MORTGAGE REC - 10500 S VERMONT 2009-01 D 2012-11   1,150,000 1,150,000        
    MORTGAGE REC - 1532-1538 CAMBRIA - MORTGAGE REC - 1532-1538 CAMBRIA, LA, CA 2008-10 D 2012-04   609,634 609,634        
    MORTGAGE REC - 210 W 43RD PLACE, - MORTGAGE REC - 210 W 43RD PLACE, LA, CA 2008-10 D 2012-06     152,380     -152,380  
    MORTGAGE REC - 221 W VERNON AVE - MORTGAGE REC - 221 W VERNON AVE 2009-11 D 2012-02   850,000 850,000        
    MORTGAGE REC - 3232 S CENTRAL AV - MORTGAGE REC - 3232 S CENTRAL AVENUE 2009-07 D 2012-11   450,500 450,500        
    MORTGAGE REC - 334-338 SOUTH WIT - MORTGAGE REC - 334-338 SOUTH WITMER STREET 2009-06 D 2012-11   510,000 510,000        

    TY 2012 GeneralExplanationAttachment
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Identifier Return Reference Explanation

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BP CAPITAL MARKETS PLC - 3.245 - 05/06/2022 211,522 210,702
    BP CAPITAL MARKETS PLC NT - 1.700 - 12/05/2014 101,550 102,078
    DEERE CO NT - 04.375 - 10/16/2019 208,088 231,564
    GE CAP CORP - 4.750 - 09/15/2014 108,705 106,451
    GE CAP CORP MTN - 5.000 - 01/08/2016 210,690 222,392
    GENERAL ELEC CAP CORP PFD - 6.500 - 08/15/204 132,445 132,000
    GOLDMAN SACHS GROUP INC NTS - 6.150 - 04/01/2018 218,599 234,954
    MERCK CO INC BD - 4.000 - 06/30/2015 109,523 108,533
    MORGAN STANLEY MTN - 5.550 - 04/27/2017 214,000 221,726
    NOVARTIS CAPITAL - 1.900 - 04/24/2013 200,466 201,038
    PNC FNDG CORP 4.25 9/21/15 109,514 108,995
    ROYAL BK OF CANADA MTN - 1.150 - 03/13/2015 100,122 101,085
    SHELL INTERNATIONAL FIN - 03.250 - 09/22/2015 108,257 106,812
    STATOILHYDRO ASA - 2.900 - 10/15/2014 201,236 208,138
    TEVA PHARM FIN IV - 03.650 - 11/10/2021 217,008 214,046
    TEVA PHARMACEUTICAL FINANCE IV 1.70 11/10/2014 101,930 102,302
    TOTAL CAPITAL - 2.70 - 01/25/2023 206,530 203,746
    UNITED PARCEL SERVICE - 3.875 - 04/01/2014 217,176 208,366
    US BANCORP NOTE - 3.150 - 03/04/2015 200,494 210,762
    WAL MART STORES INC-3.25-10/25/2020 218,512 217,922
    US BANCORP PERP SER-D - 7.875 - USB-PL 82,556 76,800

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1600 shares of 3M CO 137,271 148,560
    2000 shares of ACCENTURE PLC 98,510 133,000
    1600 shares of ACE LTD 93,102 127,680
    2700 shares of AFLAC INC. 131,068 143,424
    2000 shares of AMERICAN EXPRESS CO 91,408 114,960
    1600 shares of AMGEN INC 98,688 137,920
    1700 shares of APACHE CORPORATION 129,438 133,450
    250 shares of APPLE INC. 81,564 133,043
    19989 shares of ARTISAN INTERNATIONAL FUND 400,000 491,522
    5300 shares of BANK OF AMERICA PFD SER J - 7.250 128,123 134,461
    1600 shares of BERKSHIRE HATHAWAY INC. CLASS B 140,004 143,520
    2000 shares of BHP BILLITON LIMITED 146,080 156,840
    2000 shares of BOEING CO 147,088 150,720
    4000 shares of BRISTOL-MYERS SQUIBB CO 118,182 130,360
    2500 shares of CAPITAL ONE FINANCIAL CORP 145,458 144,825
    3000 shares of CENTURY LINK INC 111,715 117,360
    1300 shares of CHEVRON CORP 113,634 140,582
    7000 shares of CISCO SYSTEMS INC 147,282 137,543
    2600 shares of CME GROUP, INC 143,653 131,742
    3600 shares of COCA-COLA CO 121,541 130,500
    4000 shares of COMCAST CORP CL A 90,515 149,440
    2300 shares of CONOCOPHILLIPS 112,008 133,377
    1400 shares of COSTCO WHOLESALE CORP 115,230 138,222
    2400 shares of DANAHER CORP 124,722 134,160
    1200 shares of DIAGEO PLC ADS 96,289 139,896
    1800 shares of ECOLAB INC 107,339 129,420
    1500 shares of EXXON MOBIL CORP 106,740 129,825
    11646 shares of FIDELITY ADVISOR EMERG MKTS INC CL I 150,000 175,042
    11654 shares of GATEWAY FUND CLASS Y 300,000 315,927
    6000 shares of GENERAL ELECTRIC CO 95,004 125,940
    3000 shares of GENERAL MILLS INC 112,323 121,260
    16415 shares of GOLDMAN SACHS GRWTH OPPORTUNITIES FD 350,000 405,607
    2500 shares of HOME DEPOT INC. 81,693 154,625
    2200 shares of HONEYWELL INTERNATIONAL INC. 127,471 139,634
    23556 shares of HUSSMAN STRATEGIC GROWTH FD 300,000 252,281
    7000 shares of INTEL CORP 155,627 144,340
    750 shares of INTERNATIONAL BUSINESS MACHINES 117,968 143,663
    13000 shares of IPATH DJ AIGCITR ETN 543,958 537,549
    2000 shares of JOHNSON JOHNSON 129,052 140,200
    3500 shares of JP MORGAN CHASE CO 127,843 153,892
    5100 shares of JP MORGAN CHASE CAP X PFD - 7.000 - 02/15/2032 130,189 130,152
    1400 shares of MCDONALDS CORP 107,535 123,494
    1500 shares of MCKESSON CORP 107,349 145,440
    4000 shares of MEADWESTVACO CORP 114,045 127,480
    5000 shares of MICROSOFT CORPORATION 140,868 133,549
    2300 shares of NOVARTIS AG ADR 143,746 145,590
    22939 shares of OAKMARK INTERNATIONAL FUND CL I 400,000 480,113
    15432 shares of OPPENHEIMER DEVELOPING MARKETS FUND CLASS Y 450,000 538,259
    4500 shares of ORACLE CORP 138,092 149,940
    4300 shares of PACIFIC GAS AND ELECTRIC COMPANY 129,779 127,237
    44115 shares of PENNSYLVANIA MUTUAL FD, INVESTMENT CLASS 450,000 507,323
    13481 shares of PIMCO EMERGING MARKETS BOND INSTL 150,000 168,516
    33490 shares of PIMCO HIGH-YIELD INSTL 300,000 322,844
    2000 shares of PROCTER GAMBLE CO 127,132 135,780
    35392 shares of PUTNAM FLOATING RATE INC 300,000 314,989
    2400 shares of QUALCOMM INC 133,269 148,463
    38644 shares of RIDGEWORTH FDS MID-CAP VALUE EQUITY FUND CLASS I 425,000 454,070
    2000 shares of ROSS STORES, INC. 50,579 108,180
    200000 shares of ROYAL BANK OF CANADA - 2.625 12/15/2015 211,352 211,094
    5000 shares of SPDR DJ WILSHIRE INT 207,791 206,750
    2300 shares of TARGET CORPORATION 117,469 136,091
    19369 shares of TEMPLETON GLOBAL BD 250,000 258,378
    5000 shares of TENN VALLEY AUTHORITY PUT - 6.750 132,650 133,050
    5000 shares of TEXAS INSTRUMENTS INC. 139,892 154,450
    3300 shares of TJX COMPANIES INC 143,754 140,085
    1700 shares of UNITED TECHNOLOGIES CORP 126,446 139,417
    2600 shares of UNITEDHEALTH GROUP INC. 114,354 141,024
    4500 shares of US BANCORP DEL 142,670 143,730
    2000 shares of US BANCORP PERP SER D - 7.875 53,732 51,200
    2000 shares of VANGUARD ST BOND ETF 162,760 161,980
    35377 shares of WELLS FARGO ADV ULTRA SHORT TERM INC FD 300,000 302,830
    34378 shares of WELLS FARGO ADVANTAGE SHORT TERM BOND FD INST CL 300,000 303,214

    TY 2012 InvestmentsLandSchedule2
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    372 W VERNON, LOS ANGELES, CA 161,493   161,493 155,000

    TY 2012 LegalFeesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Governance Matters and Counseling 12,851 12,851    


    TY 2012 OtherDecreasesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Description Amount
    Book Loss Due to Foreclosure 340,000


    TY 2012 OtherExpensesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 103,151     103,151
    Bank Charges 58 58    
    Premium Payment for Indemnification Insurance 23,378     23,378
    State or Local Filing Fees 1,780     1,780


    TY 2012 OtherIncomeSchedule2
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Interest Income from Mortgage Loans 1,893,964 1,893,964  


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 133,366 133,366    
    Real Estate Appraisal Services 11,000 11,000    
    Monthly Rental Collection Services 11,792 11,792    
    Other Professional Services 4,822 4,822    


    TY 2012 TaxesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Software ID:12000057
    Software Version:12.19.1011.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2012 41,000      
    Foreign Tax Paid 1,362 1,362    
    IRS Excise Tax Payment with 1st ext 990-PF 3,295      
    IRS Excise Tax Payment with 2nd ext 990-PF 47